Anfield Energy Welcomes U.S. Designation of Uranium as Critical Mineral, Unlocking Funding and Accelerated Development for Domestic Projects

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VANCOUVER, British Columbia, Nov. 10, 2025 (GLOBE NEWSWIRE) — Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”), applauds the U.S. Geological Survey’s (USGS) finalization of the 2025 List of Critical Minerals, which reinstates uranium as a critical mineral essential for national security, energy independence, and economic resilience.

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This landmark decision, announced on November 6, 2025, and aligned with Executive Order 14154 (“Unleashing American Energy”), expands the list from 50 to 60 minerals and recognizes uranium’s vital role in powering commercial nuclear reactors, fueling U.S. Navy submarines, and supporting defense applications. As the United States imports over 95% of its uranium—much of it from foreign adversaries—the designation addresses a critical supply chain vulnerability and positions domestic sources like Anfield to lead the nuclear renaissance.

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The timing of this addition could not be more auspicious, coinciding with Anfield’s successful groundbreaking ceremony at the Velvet-Wood Uranium-Vanadium Mine in San Juan County, Utah, held on November 6, 2025. Attended by key stakeholders and featuring the symbolic first dig, the event marked the official launch of construction activities—including mine reopening, dewatering, and development—following expedited federal and state approvals. This milestone, just weeks after Utah’s final construction permit approval, sets the stage for potential first production in 2026 and underscores the alignment between policy advancements and on-the-ground progress in revitalizing America’s domestic uranium supply chain.

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“This is a transformative moment for both American energy security and Anfield,” said Corey Dias, Anfield CEO. “With uranium now officially classified as a critical mineral, our advanced-stage projects located in both Utah and Colorado potentially stand to benefit from expedited permitting, targeted federal investments, and enhanced market access. We’ve now broken ground at our Velvet-Wood mine, and this policy shift will supercharge our path to near-term production, delivering clean, reliable nuclear fuel to the grid while reducing reliance on overseas suppliers.”

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Jeff Duncan, Anfield Director and former U.S. Representative (R-SC), added: “As someone who championed energy independence and nuclear power during my time in Congress, I’m proud to see this Administration take decisive action to secure America’s uranium supply. Designating uranium as a critical mineral is a national security imperative—it powers our reactors, strengthens our defense, and creates high-paying American jobs. Anfield is at the forefront of this effort, and with federal support now aligned behind domestic production, we’re poised to bring critical assets online faster than ever.”

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Key Benefits to Anfield Energy

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The critical minerals designation unlocks a suite of federal incentives and streamlined processes under the Energy Act of 2020, Bipartisan Infrastructure Law, and Inflation Reduction Act, directly supporting Anfield’s hub-and-spoke model centered on its Shootaring Canyon Mill—one of only three conventional uranium mills located in the U.S.  Specific advantages include:

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