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Update: Anfield Down 5% as It Completes Confirmation Drill Program at JD-7 Mine of Paradox Mine Complex
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Update: Anfield Down 5% as It Completes Confirmation Drill Program at JD-7 Mine of Paradox Mine Complex
Oct 21, 2025 9:12 AM

11:55 AM EDT, 10/21/2025 (MT Newswires) -- Anfield Energy ( AEC ) Tuesday said it has completed a confirmation drilling program at its JD-7 mine, one of the five mines that make up its Paradox mine complex in Utah.

The drill results will be incorporated into a new uranium and vanadium resource report in the first quarter of 2026.

Highlights of the results include 17 feet grading 5,190 parts per million equivalent uranium trioxide, 19 feet grading 2,380 ppm eU3O8, 17 feet grading 1,620 ppm eU3O8, and 21 ft grading 2,500 ppm eU3O8.

Anfield will commence underground drilling at its remaining JD mines, after which the company will aim to issue an updated uranium resource for the mine complex.

"The creation of the Paradox Mine Complex reflects our plans to create specific targeted uranium and vanadium production centers as we advance these grouped assets through mine planning and, ultimately, production through Anfield's Shootaring Canyon mill," said chief executive Corey Dias.

Anfield's shares were last seen down $0.61 to $10.50 on the TSX Venture Exchange.

Price: 10.50, Change: -0.61, Percent Change: -5.49

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