$AEC

Uranium mining shares have declined despite rising long-term fuel prices, with the VettaFi Global Uranium Mining Index down 16% in September. Analysts predict tighter supply, but investors are concerned about rising costs and project delays. Cameco reported lower earnings, while NexGen and Anfield face production timelines and financing needs. Spot uranium prices are forecast to average $95 per lb. in 2024, up from $88 this year, according to Fitch Solutions.

Anfield Energy (AEC) rose 2.6% after Roth Capital initiated coverage with a Buy rating and $5 price target, citing positive sector sentiment and company-specific catalysts for a potential share re-rating.

Anfield Energy Inc. (TSX.V:AEC, NASDAQ:AEC) received draft licenses for its Utah uranium mill, allowing 3 million pounds of yellowcake production annually. The company plans refurbishment, aiming for a 2027 license renewal and production start. The mill is one of three licensed uranium mills in the U.S.

Anfield Energy (AEC) received approval for a 28.30-acre permit area in Colorado, with a $620,000 reclamation bond required. The DOE accepted the draft EA, advancing the NEPA review. The company targets a Q2 2027 restart, pending further approvals.

Anfield Energy received approval for a reclamation permit for its JD-8 uranium-vanadium mine in Colorado, with a $620,000 financial warranty. The company targets production restart by Q2 2027, pending DOE approval. Uranium prices are at record highs, and Anfield aims to capitalize on strong market conditions and potential U.S. government demand.

Anfield Energy's subsidiary, Highbury, received a recommendation for approval of the JD-8 uranium and vanadium mine permit in Colorado. The final Board hearing is set for October 14-15, 2026. Anfield targets production restart by Q2 2027, subject to approval and operational readiness. The company also plans to advance permitting for JD-7 and Slick Rock mines.

Anfield Energy (TSXV, Nasdaq: AEC) plans to raise $50M to refurbish Utah's Shootaring Canyon mill, aiming for a 2028 reopening. The mill will process uranium and vanadium, reducing U.S. reliance on imports. Capital expenditures are estimated at $80.1M, with flexibility in financing options. The company expects a mill licence by late 2024 or early 2027, unlocking financing and construction. An updated PEA forecasts significant after-tax NPV and IRR, with production from Velvet-Wood and Slick Rock

Anfield Energy completed its first underground blast at the Velvet-Wood uranium and vanadium project in Utah, marking a key milestone in the project's rehabilitation. The company has rehabilitated 700 feet of the decline and is nearing completion of a water treatment plant. Anfield expects to begin testing the plant soon and plans to dewater the historic workings within a few months. The project is part of Anfield's strategy to develop domestic uranium and vanadium resources, supported by state

Anfield Energy Inc. (TSX.V: AEC, NASDAQ: AEC, Frankfurt: 0AD) priced a US$6.0 million underwritten public offering of 1,491,305 common shares at US$4.00 each, with an over-allotment option for up to 223,695 additional shares. Net proceeds will fund capital commitments and working capital. Closing expected July 31, 2026.

Anfield Energy Inc. (NASDAQ: AEC) said its subsidiary Highbury Resources signed a July 1, 2026 mining lease with Gold Eagle Mining for two additional patented claims in southwestern Colorado. The claims expand land for the JD-5 and Slick Rock projects and will be used in mine design and permitting. The lease is perpetual, royalty-free, with annual property taxes and liability insurance paid by Highbury.