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Anfield Energy Submits Plan of Operation to the State of Utah for the Velvet-Wood Mine as the Company Continues its March Towards Uranium Production
VANCOUVER, British Columbia, May 01, 2024 (GLOBE NEWSWIRE) -- Anfield Energy, Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pl
About this update from Anfield Energy Inc
[{"type":"text","content":" VANCOUVER, British Columbia, May 01, 2024 (GLOBE NEWSWIRE) -- Anfield Energy, Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or “the Company”) is pleased to announce that it has submitted its Plan of Operation for its Velvet-Wood mine to the State of Utah and BLM. This important step is being undertaken as the Company advances Velvet-Wood to production-ready status concurrently with the Shootaring Canyon mill. This Plan of Operation includes specific operating actions and controls, reclamation actions, an estimate of reclamation surety based on third party costs and technical bases for how the actions meet the regulatory requirements of the State of Utah and the BLM. Following the approval of the Plan of Operation, Anfield will be well-positioned to recommence uranium production at Velvet-Wood ahead of the planned restart of the Shootaring Canyon mill in 2026. Corey Dias, Anfield CEO states, “We are pleased to have submitted the Plan of Operations for the Velvet-Wood mine to the State of Utah and U.S. Bureau of Land Management. This is an important step in the Company’s plan to advance its assets to uranium production by 2026 through its hub-and-spoke strategy. When combined with both the Shootaring Canyon mill reactivation plan submitted earlier this month and a drill program expected to commence at Slick Rock this summer, Anfield remains on track to meet its near-term production goals using its core assets. The nuclear renaissance remains robust, with no shortage of positive news entering the market daily. The continued buildout of new reactors in disparate regions such as Asia, Europe, North America and Africa truly underscores the global nature of the nuclear embrace. At the same time, the Japanese reactor restarts and life extensions reflect the continued confidence of Japan’s reengagement of nuclear power, post-Fukushima. The U.S.’s commitment to nuclear is reflected in not only life extensions of existing NPPs and commissioning of new reactors, but also the recommissioning of the Palisades nuclear power plant in Michigan. Finally, China’s accelerated buildout of nuclear reactors continues unabated. While the demand side of the uranium market is rapidly growing, the supply side continues to face challenges to meet demand. Recent concerns regarding Kazatomprom’s ability to meet its production targets, coup...