Anfield Resources will evaluate the feasibility of adding a vanadium processing facility to its Shootaring Canyon uranium mill. This reflects Anfield’s intent to capitalize on potential opportunities as vanadium continues to become an even-more relevant commodity in the energy sector. To this end, Anfield has engaged BRS Engineering, Inc. to update Anfield’s NI 43-101 Preliminary Economic Assessment related to the Velvet-Wood Mine to include a vanadium milling circuit as part of a production scenario.
Corey Dias, Anfield’s CEO, commented, “We are excited to explore the feasibility of vanadium production at Shootaring via our Velvet-Wood mine. Importantly, the Velvet mine has historically produced 4 million pounds of uranium and 5 million pounds of vanadium. While uranium production remains our core pursuit — especially in the current environment, where uranium producers Cameco and Kazatomprom have announced a combined uranium production cut of over 40 million pounds over 3 years — we are nevertheless committed to seeing the effective development and production of vanadium resources contained and commingled in our feedstock ore. Importantly, a positive outcome related to this evaluation could have a positive effect on our uranium production scenario through by-product credits which will reduce our overall operating costs.”
