08:06 AM EDT, 08/25/2025 (MT Newswires) -- Anfield Energy (AEC.V), which jumped more than 7% last Friday, said it received approval for its Notice of Intent, through its wholly owned unit Highbury Resources, with the Colorado Division of Reclamation, Mining and Safety, to begin a 20-hole, 8,000-foot rotary drill program at the existing JD-7 open pit mine in Montrose County, Colorado.

The company on Monday, said it engaged Tri Park Drilling to undertake the program and expects drilling to start in mid-September and take nearly two weeks to complete.

"With Anfield's imminent Nasdaq listing, we are very pleased to secure approval for our drill program at our JD-7 mine at this time, one of the twenty-one DoE leases - each consisting of a uranium and vanadium mine - which the Company holds in Colorado," said Anfield Energy Chief Executive Corey Dias. "Following the environmental permit approval for the Company's Velvet-Wood mine in May - and the subsequent advancement of this asset toward mine construction - along the Company's upcoming Plan of Operations submittal to the Bureau of Land Management ("BLM") for its Slick Rock mine, Anfield continues to advance its pipeline of near-term uranium and vanadium projects in anticipation of mill restart in 2027."

Shares of the company closed up $0.47 at $7.08 on Friday on the TSX Venture Exchange.