10:59 AM EDT, 09/30/2025 (MT Newswires) -- Anfield Energy ( AEC ) Tuesday said it completed its first 12 holes of the ongoing 20-hole, 8,000-foot confirmation drill program at its JD-7 mine, an existing uranium and vanadium open pit mine in Montrose County, Colorado.

The company said the drill program which consists primarily of air rotary with a subset of split barrel core drilling, is being conducted by Tri-Park Drilling. It said that drilling began September 15, and initial results have been "highly encouraging."

It added that the gamma ray logging results indicate elevated uranium mineralization exceeding the minimum cutoff grade of 200 ppm eU3O8 and minimum Grade Thickness (GT) of 0.2 in 10 of the 12 drill holes completed so far, confirming the presence of uranium mineralization at depths and locations consistent with the historical drilling dataset for the JD-7 mine.

"We are very pleased with the interim drill results as they both underscore the potential for resource confirmation - and possible expansion - at JD-7 and align with Anfield's broader strategy to advance its portfolio of near-term uranium and vanadium projects toward productio," said Anfield chief executive Corey Dias.

"The company remains on track to complete the remaining holes in the coming weeks, with full results expected to inform future development plans, including integration into Anfield's hub-and-spoke production model centered around the Shootaring Canyon Mill in Utah."

Shares of the company were last seen up about 1% at $13.5 on the TSX Venture Exchange.

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