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VANCOUVER, British Columbia, Sept. 15, 2026 (GLOBE NEWSWIRE) — Anfield Energy Inc. (“Anfield” or the “Company”) (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) today announced that its operating subsidiary, Highbury Resources, Inc. (“Highbury”), has advanced Colorado state permitting for the JD-8 uranium and vanadium mine in Montrose County. By rationale dated August 24, 2026, the Colorado Division of Reclamation, Mining and Safety (“DRMS”) determined that Highbury’s Regular (112d) reclamation permit application (File No. M-2025-056) meets the requirements of the Colorado Mined Land Reclamation Act and the Mineral Rules and Regulations of the Colorado Mined Land Reclamation Board (the “Board” or “MLRB”) and recommended that the Board approve the application. A staff finding of completeness, together with a recommendation for approval, is a significant de-risking event. A formal public hearing is scheduled for the Board’s October 14–15, 2026 meeting in Denver.
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DRMS is Colorado’s principal state authority for hard-rock mine reclamation permitting. A Division recommendation for approval moves JD-8 from staff-level review into a defined Board decision window — a significant milestone in Anfield’s Colorado West Slope / Monogram Mesa permitting program. The Board hearing is the final step in completing Anfield’s state permitting for JD-8.
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Corey Dias, Anfield CEO, commented: “DRMS’s recommendation that the Board approve the JD-8 permit is a major permitting milestone. Colorado DRMS is the primary state authority for this mine-plan decision, and the October Board hearing puts us in a defined decision window. JD-8 is planned as Anfield’s second mine after Velvet-Wood, with a targeted restart by the end of Q2 2027, after which we intend to advance both JD-7 and Slick Rock. This is concrete progress toward domestic conventional production feeding our Shootaring-centered hub-and-spoke strategy.”
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Permitting Path
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This milestone follows a defined sequence of steps in the process:
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- December 22, 2025 — DRMS issued an initial completeness determination on Highbury’s JD-8 restart application package, allowing the matter to advance through substantive review.
- April 29, 2026 — The 112d application under File No. M-2025-056 was filed with DRMS (as reflected in the Division’s September 10, 2026 hearing notice).
- August 24, 2026 — DRMS issued its rationale recommending that the Board approve the application.
- September 10, 2026 — DRMS announced a Formal Board Hearing during the Board’s October 14–15, 2026 meeting in Denver.
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Updated Timeline and Hub-and-Spoke Strategy
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Subject to Board approval and remaining operational readiness work, Anfield is targeting a restart of uranium and vanadium production at JD-8 by the end of the second quarter of 2027. This updated timeline reflects the remaining Board process, mobilization, and underground restart activities at a past-producing brownfield site. Velvet-Wood in Utah remains the Company’s first mine advancing toward production; JD-8, along with Slick Rock, are intended to be the next mines in Anfield’s hub-and-spoke model, with ore shipped to a permitted mill — supporting the Shootaring Canyon Mill in Utah, one of only three licensed, permitted, and constructed conventional uranium mills in the United States. No on-site processing or milling is proposed in the JD-8 application.
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Upon completion of JD-8 state reclamation permitting, Anfield intends to focus on advancing additional Colorado mine permitting at both JD-7 (within the Monogram Mesa Mine Complex) and at Slick Rock.
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Market and U.S. Policy Backdrop
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Since Anfield’s April 8, 2026 JD-8 amendment announcement, uranium market conditions and U.S. nuclear-fuel policy have continued to strengthen. The uranium long-term contract price closed August 2026 at US$96.50 per pound, above its 2007 peak, while spot U₃O₈ has recently traded near US$90 per pound.