Anfield Energy Inc. submitted a Notice of Intent to regulators for an underground drilling program at its SM-18 uranium-vanadium project in Colorado to verify and expand resources as part of its hub-and-spoke production strategy.
Key takeaways
Submitted Notice of Intent (NOI) for underground drilling at SM-18 to verify and potentially expand mineral resources.
Drilling supports preparation of comprehensive Plan of Operations targeted for later 2026, advancing SM-18 toward production as fourth mine.
SM-18 joins Velvet-Wood, Slick Rock, and JD-8 as flagship mines feeding into 100%-owned Shootaring Canyon Mill.
Shootaring Canyon Mill expansion to 1,000 tpd and 3M lbs U3O8 annual capacity under UDEQ review.
Historical DOE resource estimate at SM-18: 1,200,000 lbs U3O8; past production: 133,637 lbs U3O8, 575,224 lbs V2O5.
Underground workings at SM-18 in good condition with preserved infrastructure facilitating efficient access.