May 23 (Reuters) - The Trump administration approved

Anfield Energy's ( ANLDF ) proposed Velvet-Wood uranium mine

project in Utah on Friday after a rapid 14-day environmental

review as part of a new process to fast-track permitting of

energy and mining projects.

Such studies typically take years because of the large

potential environmental consequences of uranium mining.

The Canadian company's project is the first approved

under

an emergency process

for the Interior Department to permit energy facilities on

federal lands. The new procedures are in response to President

Donald Trump's national energy emergency declaration, made on

his first day in office in January in an effort to boost

domestic energy supplies, bring down fuel prices and bolster

national security.

Anfield filed its plan of operations for the mine on

April 1, according to documents on an Interior Department web

site.

"This approval marks a turning point in how we secure

America's mineral future," Interior Secretary Doug Burgum said

in a statement. "By streamlining the review process for critical

mineral projects like Velvet-Wood, we're reducing dependence on

foreign adversaries and ensuring our military, medical and

energy sectors have the resources they need to thrive. This is

mineral security in action."

Anfield was not immediately available for comment.

The Velvet-Wood mine project in San Juan County will

produce uranium, used in both nuclear energy and nuclear weapons

production, as well as vanadium, a metal than can be used in

batteries or to strengthen steel and other alloys.

It is located at the site of a previous mining

operation.