Anfield Energy Inc.
Anfield Energy Demonstrates the Economic Viability of its Hub-And-Spoke Uranium and Vanadium Production Strategy Via Its Updated Preliminary Economic Assessment
Anfield Energy's updated Preliminary Economic Assessment (PEA) for its hub-and-spoke uranium and vanadium production strategy indicates robust economics, with a pre-tax IRR of 106% and an NPV of US$606 million (post-tax IRR of 97% and NPV of US$533 million) at an 8% discount rate. The study projects average annual production of 1.3 million pounds of uranium and 6.4 million pounds of vanadium over a 15-year mine life, with a rapid 1.3-year capital payback. The PEA, prepared under NI 43-101, combines the Velvet-Wood, Slick Rock, and West Slope Mines feeding the Shootaring Canyon Mill, but relies on inferred mineral resources for some projects.