Anfield Energy Inc. cleared a key state review on September 29 for its JD-8 uranium and vanadium mine in Montrose County, Colorado, about 11 miles west of Naturita. The Colorado Division of Reclamation, Mining and Safety completed its review of the reclamation permit application for the 28.3-acre site.
Colorado now requires financial and performance warranties before it issues the permit. The financial warranty is set at 620,000 dollars. The state must receive and verify both warranties. The application is no longer contested, so it will not appear on the agenda of the Colorado Mined Land Reclamation Board meeting scheduled for October 14 and 15 in Denver.
Separately, the U.S. Department of Energy accepted the draft environmental assessment template on September 29, which allows the federal mine-plan review to proceed. Federal mine-plan approval remains a separate condition for the project.
JD-8 is a past-producing mine with existing underground workings, and its production was suspended in 2006. Anfield, through its subsidiary Highbury Resources Inc., plans to restart it by the end of the second quarter of 2027. No on-site mill is proposed. Chief executive Corey Dias described the mine as another spoke feeding the company's Shootaring mill in Utah, similar to the Velvet-Wood mine.
On pricing, Anfield's September release cited a long-term contract price of 96.50 dollars per pound for August 2026, with spot trading near 90 dollars per pound.
Anfield is listed on the TSX Venture Exchange and Nasdaq under the symbol AEC. The company also holds the Velvet-Wood project in Utah and the Slick Rock complex in Colorado, along with the Shootaring Canyon mill.
Source: Mugglehead Investment Magazine - https://mugglehead.com/anfield-energy-inc-colorado-jd-8-permit-warranty/