Anfield Energy IncTSXV: AEC

Utah Legislators to Tour Anfield Energy’s Velvet-Wood Critical Minerals Project

· Issued by Anfield Energy Inc via GlobeNewswire

DOGM-Hosted Delegation of ~20 Lawmakers to Visit Site August 12, 2026, to See How State and Federal Policy Initiatives Are Accelerating Responsible Domestic Uranium and Vanadium Production*

VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (NASDAQ: AEC; TSX.V: AEC; FRANKFURT: 0AD) ("Anfield" or the "Company") is pleased to announce that the Utah Division of Oil, Gas and Mining (DOGM) is hosting an informational tour of the Company's Velvet-Wood uranium-vanadium project in San Juan County, Utah, for a delegation of approximately 20 members of the Utah Legislature on August 12, 2026.

The tour will give legislators a firsthand view of the active project site and include presentations on development progress, construction milestones, and the measurable impact of supportive legislative and regulatory frameworks at both the state and federal levels. The delegation is particularly interested in understanding how these initiatives have enabled rapid advancement of the project and how continued policy support can further strengthen Utah's role in America's critical minerals supply chain.

"We are honored to partner with DOGM on this important educational tour and to welcome Utah's legislators to Velvet-Wood," said Corey Dias, CEO of Anfield. "This project exemplifies what is possible when federal and state governments align behind clear national priorities — securing domestic supplies of uranium and vanadium that power clean energy, supporting medical and defense applications, and reducing reliance on foreign adversaries. The expedited permitting path established under the Trump Administration's energy emergency declaration, followed by swift state approval from DOGM, has translated directly into on-the-ground progress at Velvet-Wood. We look forward to showing lawmakers the results and discussing how ongoing legislative leadership can keep Utah at the forefront of responsible critical minerals development."

Policy Milestones Driving Project Momentum

  • May 2025: Under President Trump's national energy emergency declaration and the Administration's directive to accelerate domestic critical minerals production, the U.S. Department of the Interior (DOI) selected Velvet-Wood for expedited permitting. This included a groundbreaking accelerated environmental review process (announced May 13, 2025, with approval following on May 27, 2025), completing what was among the first such fast-track reviews for a uranium project. The approval featured minimal new surface disturbance (approximately three acres) while reopening and expanding an existing underground mine.

  • October 7, 2025: Building directly on the federal momentum, DOGM granted formal approval for Anfield to advance Velvet-Wood to construction. This key state permit completed the primary regulatory pathway and enabled groundbreaking in November 2025.

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