Anfield Energy
Anfield Energy is a pre-revenue uranium and vanadium developer operating a hub-and-spoke production model centered on the Shootaring Canyon Mill in Utah (one of only three licensed conventional uranium mills in the U.S.), serving future nuclear utility, data center, and government critical-mineral customers from assets in Utah and Colorado.
- Company typePublic
- Founded1986
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Anfield Energy does
Anfield Energy Inc. is a publicly traded uranium and vanadium development company (NASDAQ: AEC, TSX.V: AEC) incorporated in British Columbia, Canada, with corporate headquarters in Burnaby and operational offices in Nucla, Colorado. The company operates a hub-and-spoke production model centered on the Shootaring Canyon Mill in Utah—one of only three licensed, permitted, and constructed conventional uranium mills in the United States—with tributary uranium-vanadium mines in Utah (Velvet-Wood) and Colorado (Slick Rock, and the West Slope portfolio comprising nine Cotter-acquired mines including JD-6 through JD-9, SR-11, and SM-18). Targeted asset configuration projects 1.3 million pounds of U3O8 and 6.4 million pounds of V2O5 annually over a 15-year mine life, with Velvet-Wood production targeted by end of 2026 and Shootaring Mill restart in 2027.
The company is pre-revenue and currently funds operations through equity financings. Revenue mechanics, once production begins, will rely on spot or contracted sales of uranium oxide (U3O8) to nuclear utilities and vanadium pentoxide (V2O5) to industrial buyers (steel, aerospace, battery storage), with commodity pricing of approximately US$100/lb for uranium and US$9/lb for vanadium used in PEA economics. Go-to-market is enterprise field sales targeting nuclear utilities, data center operators requiring 24/7 carbon-free baseload power, and U.S. government agencies for critical mineral security. An updated PEA filed in May–June 2026 indicates a pre-tax IRR of 106%, NPV of US$606 million at an 8% discount rate, and a 1.3-year payback at base-case commodity prices, against total capital requirements of approximately US$117.5 million for combined mine and mill development.
Uranium Energy Corp. (UEC) holds approximately 31–32.4% of Anfield as a control person (approved February 2026), having participated in multiple financings including a US$4 million subscription receipt tranche in January 2026. The company has expanded its asset base through the US$5 million acquisition of BRS Engineering (closed May 2026), which brought in-house uranium mining and ISR expertise under COO Douglas L. Beahm. Regulatory tailwinds include the November 2025 designation of uranium as a U.S. critical mineral and a January 2026 Section 232 proclamation prioritizing domestic processed critical minerals, both of which support accelerated permitting and potential federal funding access.
Anfield Energy firmographics
Firmographics- Name
- Anfield Energy
- Legal name
- Anfield Energy Inc.
- Website
- https://anfieldenergy.com/
- Company type
- Public
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Anfield Energy is a pre-revenue uranium and vanadium developer operating a hub-and-spoke production model centered on the Shootaring Canyon Mill in Utah (one of only three licensed conventional uranium mills in the U.S.), serving future nuclear utility, data center, and government critical-mineral customers from assets in Utah and Colorado.
- Ownership category
- akta.pro rank
Anfield Energy industry classification
Industry- Product category
- Uranium and Vanadium Mining and Milling
- NAICS
- Mining (except Oil and Gas) (212), Support Activities for Mining (2131)
- SIC
- Metal Mining (1000)
- akta.pro primary industry
- Uranium Mining & Milling (Yellowcake/U3O8 Production) (EUAKACAB)
- akta.pro secondary industry
- Uranium Exploration & Resource Development (EUAKACAA)
Keywords
Where Anfield Energy is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Anfield Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Uranium Sales: Pre-revenue development stage. The company plans to generate revenue from selling uranium oxide (U3O8) produced at its mines and processed at the Shootaring Canyon Mill to nuclear utilities for power generation. Long-term offtake discussions are underway.
- Vanadium Sales: Co-production of vanadium pentoxide (V2O5) from uranium-vanadium ore processing. Vanadium used in steel alloying, aerospace, and potentially energy storage applications. Projected 6.4 million pounds annually over 15-year mine life.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Anfield Energy product offering
Product offeringCore offering
Anfield Energy is a uranium and vanadium development and near-term production company focused on U.S. assets, operating a hub-and-spoke model centered on the Shootaring Canyon Mill in Utah (one of only three licensed conventional uranium mills in the United States). The company processes ore from multiple satellite mines — Velvet-Wood (Utah), Slick Rock (Colorado), and the West Slope project portfolio (nine mines including JD-6, JD-7, JD-8, JD-9, SR-11, SM-18) — to produce uranium oxide (U3O8) for nuclear utilities and vanadium pentoxide (V2O5) for industrial buyers. Planned output is approximately 1.3 million pounds of uranium and 6.4 million pounds of vanadium annually over a 15-year mine life.
Product overview
Anfield Energy is a uranium and vanadium development company operating a hub-and-spoke production model centered on the Shootaring Canyon Mill in Utah—one of only three licensed conventional uranium mills in the United States. The company processes ore from multiple satellite mines including Velvet-Wood (Utah), Slick Rock (Colorado), and the West Slope project portfolio comprising nine mines (JD-6, JD-7, JD-8, JD-9, SR-11, SM-18) across Utah and Colorado. Following the December 2025 acquisition of BRS Engineering, Anfield has integrated in-house technical capabilities including engineering, mine development, and geology consulting. The company's projected production is approximately 1.3 million pounds of uranium and 6.4 million pounds of vanadium annually over a 15-year mine life, with first production targeted from Velvet-Wood by end of 2026 and full mill restart in 2027.
Differentiator
Problem solved
Functional benefit
Products and services
- Shootaring Canyon Mill One of only three licensed, permitted, and constructed conventional uranium mills in the United States, located in Utah. The mill serves as the central processing facility (hub) for Anfield's hub-and-spoke production strategy, processing ore from multiple satellite mines under ongoing license renewal with production restart targeted for 2027.
- Velvet-Wood Project Anfield's most advanced uranium asset located in Utah, covering approximately 2,140 acres of unpatented mining claims and a State of Utah mineral lease. Phase One surface construction was completed in June 2026, with first production targeted by end of 2026 and historical prior production of approximately 4.0 million pounds U3O8 and 5.0 million pounds V2O5 from 1979–1984.
- Slick Rock Project Advanced stage conventional uranium and vanadium project located in the Uravan Mineral Belt region of Colorado, covering approximately 6,130 acres including 293 unpatented mining lode claims and two DOE leases. Resources include 0.8 million pounds eU3O8 (indicated) and 9.1 million pounds (inferred) at vanadium-to-uranium ratios of 6:1.
- West Slope Project Portfolio covering 6,913 acres on past uranium-producing property in Colorado, comprising nine mines acquired from Cotter Corporation including JD-6, JD-7, JD-8, JD-9, SR-11, and SM-18. Includes 4.6 million pounds eU3O8 at 0.22% grade (indicated) at JD Mines and additional inferred resources at SR-11 and SM-18.
- Uranium and Vanadium Concentrate Production Centralized processing of uranium-vanadium ore at Shootaring Canyon Mill to produce uranium oxide (U3O8) and vanadium pentoxide (V2O5) for sale to nuclear utilities, steel producers, aerospace manufacturers, and emerging vanadium battery producers. Projected average annual production of 1.3 million pounds uranium and 6.4 million pounds vanadium over a 15-year mine life.
Quantifiable outcome
- 106% pre-tax IRR and $606M NPV at 8% discount rate
- +3 more outcomes
Companies that use Anfield Energy
Customer profileSegments3 records
Ideal customer profiles3 records
Anfield Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Anfield Energy partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- Goldwyn Media LLCminorThree-month media services agreement for US$200,000 covering marketing and public awareness services including content development aligned with TSXV policies and securities laws. Goldwyn is arm's length with no interest in company securities.
- CorProminence LLCminorInvestor relations services agreement at US$25,000 per month initially, rising to US$40,000 after four months, subject to TSXV approval. Supports corporate communications and investor engagement activities.
- Generation IACP Inc.minorMarket-making agreement at C$8,500 per month, subject to TSXV approval. Supports trading activities and liquidity for company shares.
- BRS Inc. (BRS Engineering)coreWyoming-based uranium-focused engineering, mine development, construction management and geology consulting firm led by Douglas L. Beahm (Anfield COO). Acquired for $5M cash over two years to bring dedicated in-house engineering expertise, accelerate Shootaring refurbishment and mine development, reduce third-party costs, and streamline project execution.
- Young's Machine CompanycoreThird-generation family-owned manufacturer based in Monticello, Utah, producing custom underground haul trucks and specialized mining equipment since 1953. Anfield ordered eight custom underground haul trucks in November 2025 and received first truck in June 2026. Additional agreement for underground loaders to support initial production at Velvet-Wood, JD-8, and Slick Rock mines.
Scale indicators17 records
Recent moves7 records
Expansion highlights6 records
Anfield Energy competitors and assessment
Company assessmentDirect peers
- Energy Fuels Inc. The largest U.S. uranium and vanadium producer, operator of the White Mesa Mill in Utah—one of only a handful of licensed conventional uranium mills in the country. Directly comparable to Anfield as a U.S.-focused, vertically integrated uranium-vanadium hub-and-spoke operator.
- Ur-Energy Inc. U.S.-domiciled uranium producer operating the Lost Creek ISR mine in Wyoming with centralized processing at the Shirley Basin project. Comparable as a near-term, low-capex U.S. uranium developer targeting utilities and data-center demand.
- Uranium Energy Corp (UEC): The largest pure-play U.S. uranium producer and Anfield's ~32% control-person shareholder. Comparable as a hub-and-spoke uranium operator with multiple in-situ recovery projects across Texas, Wyoming, New Mexico, and Arizona—directly overlapping Anfield's geographic footprint.
Emerging players
- enCore Energy Corp. U.S.-focused uranium ISR developer with operations in Texas, Wyoming, and South Dakota. Comparable as a near-term uranium production story in the U.S. with centralized processing strategy and similar policy tailwinds exposure.
- Peninsula Energy Limited: Uranium ISR developer with the Lance Project in Wyoming and previously operated mines in South Africa. Comparable as a Western uranium developer pursuing near-term production with utilities as off-take counterparties.
- NexGen Energy Ltd. Canadian uranium developer advancing the Rook I / Arrow project in the Athabasca Basin. Comparable as a development-stage uranium company with similar long-cycle economics tied to nuclear renaissance and utilities demand.
- Denison Mines Corp. Athabasca Basin uranium developer (ISR-focused at Wheeler River) with McClean Lake mill ownership interests in the uranium conversion/processing chain. Comparable as a uranium processing-anchored developer with utility end-customers.
- IsoEnergy Ltd. Athabasca Basin uranium exploration and development company with the Hurricane deposit. Comparable as a junior uranium developer whose valuation is leveraged to spot and contract uranium prices and broader nuclear demand recovery.
- Cosa Resources Corp. Canadian uranium exploration company with Athabasca Basin and U.S. project exposure. Comparable as a small-cap uranium exploration/development peer similarly leveraged to the U.S. nuclear renaissance thesis.
Broad incumbents
- Cameco Corporation: The world's largest publicly traded uranium producer, with major assets in Canada (Cigar Lake, McArthur River) and conversion capacity. Serves as the global uranium benchmark and direct utility competitor to smaller U.S. producers like Anfield.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Anfield Energy social profiles
Digital presenceAnfield Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Anfield Energy leadership team
Management profileNumber of profiles
Profiles7 records
Anfield Energy subsidiaries and ownership
Company hierarchySubsidiaries1 record
Anfield Energy funding detail
Funding detailFunding overview
Funding rounds10 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Anfield Energy M&A and investment
M&A and investmentM&A1 record
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Anfield Energy
What does Anfield Energy do?
Anfield Energy is a uranium and vanadium development and near-term production company focused on U.S. assets, operating a hub-and-spoke model centered on the Shootaring Canyon Mill in Utah (one of only three licensed conventional uranium mills in the United States). The company processes ore from multiple satellite mines — Velvet-Wood (Utah), Slick Rock (Colorado), and the West Slope project portfolio (nine mines including JD-6, JD-7, JD-8, JD-9, SR-11, SM-18) — to produce uranium oxide (U3O8) for nuclear utilities and vanadium pentoxide (V2O5) for industrial buyers. Planned output is approximately 1.3 million pounds of uranium and 6.4 million pounds of vanadium annually over a 15-year mine life.
Is Anfield Energy a public or private company?
Anfield Energy is a public company. It is classified as public and is currently operating.
When was Anfield Energy founded?
Anfield Energy was founded in 1986. It employs 1 to 10 people.
Where is Anfield Energy based?
Anfield Energy is headquartered in Vancouver, Canada, in the North America region.
How does Anfield Energy make money?
Two revenue lines are on record. Uranium Sales are the primary driver. The others are vanadium Sales.
Who are Anfield Energy's main competitors?
Direct peers on record are Energy Fuels Inc., Ur-Energy Inc. and Uranium Energy Corp (UEC). Emerging players are enCore Energy Corp., Peninsula Energy Limited, NexGen Energy Ltd., Denison Mines Corp., IsoEnergy Ltd. and Cosa Resources Corp.. Cameco Corporation is listed as a broad incumbent.
Does Anfield Energy have an API?
No public API is recorded for Anfield Energy.
What industry is Anfield Energy in?
Anfield Energy's product category is Uranium and Vanadium Mining and Milling. Its primary akta.pro industry code is EUAKACAB, Uranium Mining & Milling (Yellowcake/U3O8 Production), with a secondary code of EUAKACAA, Uranium Exploration & Resource Development. Its NAICS code is 212 and its SIC code is 1000.