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ATF Permits Unlock Underground Development for Anfield's Velvet-Wood Uranium Project (TSXV:AEC)

Jul 7, 2026, 8:59 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Regulatory permits validate execution risk reduction and near-term mine development; similar small-cap uranium plays have rallied on permitting and production milestones; the sector’s sensitivity to uranium prices amplifies this effect.

AI summary

What happened, with direct paths to the underlying reporting

Anfield Energy has received ATF blasting permits for Velvet-Wood in Utah and JD-8 in Colorado, enabling drilling and blasting and advancing underground mining. The company targets Velvet-Wood production by the end of 2026 as part of its hub-and-spoke uranium strategy, leveraging the Shootaring Canyon Mill.

ATF permits issued for Velvet-Wood (UT) and JD-8 (CO).
Drilling and blasting to begin within weeks at Velvet-Wood.
Velvet-Wood production target by end-2026; JD-8 after permits.
Lisbon Valley district produced ~78 million pounds U3O8 (1948-1988).

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