What's Happening?
Anfield Energy Inc has placed an order for eight custom-built underground haul trucks from Young’s Machine Company for its Velvet-Wood uranium-vanadium mine in Utah. This procurement marks a significant
step in Anfield's ramp-up towards near-term production, aligning with recent regulatory approvals for construction. The trucks are designed for underground mining operations, known for their durability and compatibility with uranium-vanadium material handling.
Why It's Important?
The acquisition of specialized mining equipment is crucial for Anfield Energy's production strategy, enhancing operational efficiency and reducing risks associated with the mine's restart timeline. This move strengthens local economic ties and supports American energy independence through domestic nuclear fuel production. The deployment of a uniform fleet optimizes maintenance, logistics, and scalability, positioning Anfield as a top-tier supplier of clean energy inputs amid rising demand for nuclear fuels.
What's Next?
Anfield Energy plans to begin delivery of the underground trucks in the second quarter of 2026, following the groundbreaking ceremony for the Velvet-Wood Mine. The company aims to restart the Shootaring Canyon Mill and scale production output to 3 million pounds of uranium annually. This development supports the U.S. government's goal of energy independence, with Anfield's assets contributing to domestic nuclear fuel production.
