GlobeNewswire·May 13, 2026, 7:00 AM ET

Anfield Energy Completes Drilling of Monitoring Wells at Shootaring Canyon Mill and Slick Rock Mine Complex

Anfield Energy completed monitoring well drilling programs at its Shootaring Canyon Mill in Utah & its Slick Rock Mine Complex in Colorado on May 13, 2026.
Eight new monitoring wells were drilled at the Shootaring Canyon Mill near proposed process ponds & the tailings management facility to establish baseline groundwater data.
Three monitoring wells were completed at the Slick Rock Mine Complex to facilitate aquifer sampling, hydrologic characterization, & future production monitoring.
The Slick Rock Mine Complex holds the Company's largest uranium mineral resource estimate in Colorado & is expected to become its largest producing mine in the state.
CEO Corey Dias stated the Company aims to return two mines to production annually while executing a hub-and-spoke strategy centered on the Shootaring Canyon Mill.
The Company's license renewal for the Shootaring Canyon Mill is advanced, the Velvet-Wood project is permitted & under construction, JD-8 is near turnkey status, & focus has shifted to Slick Rock & JD-7.
Development decisions for the uranium & vanadium portfolio are not based on a feasibility study of mineral reserves, creating additional economic & technical uncertainty.
Douglas L. Beahm, the Company's Chief Operating Officer, served as the qualified person who verified the scientific & technical information in the release.
Anfield is a publicly traded uranium & vanadium developer listed on the NASDAQ, TSX.V, & Frankfurt Stock Exchange.