Anfield Energy Inc. has made significant progress in its efforts to renew the licenses for its Shootaring Canyon Mill in Utah. On October 21, 2026, the Utah Department of Environmental Quality's Division of Waste Management and Radiation Control provided draft copies of both a renewed radioactive materials license and a groundwater discharge permit. This development is vital as the Shootaring Canyon Mill is one of only three licensed and constructed conventional uranium mills in the United States.

Corey Dias, CEO of Anfield, expressed optimism about this progress, stating, “Receiving both the draft renewed license and draft groundwater discharge permit from DWMRC is meaningful progress on the Shootaring reactivation pathway.” The company is now preparing for a 45-day public comment period, which is expected to begin by the end of 2026.

Background

Anfield Energy Inc. is a uranium and vanadium development company focused on becoming a significant supplier of energy-related fuels. The company operates primarily in the metal mining sector, with its flagship asset being the Shootaring Canyon Mill. Anfield is listed on the Nasdaq under the ticker AEC and has a history of name changes, previously operating as Anfield Resources Inc. and Equinox Copper Corp.

What the Filing Says

The recent filing indicates that Anfield has received draft documents that are crucial for the renewal of its radioactive materials license. The draft license would authorize the possession of natural uranium and byproduct material at the Shootaring facility, with a production limit of 1,500 tons of yellowcake per year. The company is currently reviewing the documents and anticipates further discussions with the Division in the coming weeks.

Impact

This development is likely to affect various stakeholders, including regulatory bodies, local communities, and competitors in the uranium mining industry. Anfield's ability to secure the renewed licenses will play a pivotal role in restoring domestic uranium milling capacity, which is essential for meeting the growing energy demands in the United States.

What's Next

The company is preparing for the public comment period related to the draft licenses, which is expected to commence by the end of 2026. Following this, Anfield aims to start major refurbishment work at the Shootaring Mill in the second quarter of 2027, contingent upon the issuance of the renewed licenses.