Anfield Energy Inc. Receives Expedited Permitting for Velvet-Wood Mine

May 13, 2025 — Anfield Energy Inc., a mineral exploration company specializing in uranium mines in Canada, has received a significant boost from the U.S. Department of the Interior. The department announced expedited permitting for Anfield’s Velvet-Wood Mine, marking it as the first uranium project to be fast-tracked under President Trump’s emergency declaration aimed at restoring American energy independence.

The expedited process will see environmental permitting completed in just 14 days, a decisive shift in federal support for domestic nuclear fuel supply. This development is expected to have a substantial impact on Anfield Energy Inc., which is listed on the TSX Venture Exchange and trades in Canadian dollars (CAD).

Company Overview

Anfield Energy Inc. operates within the Energy sector, specifically in the Oil, Gas & Consumable Fuels industry. As of May 8, 2025, the company’s close price was CAD 0.06, with a 52-week high of CAD 0.135 on October 31, 2024, and a 52-week low of CAD 0.045 on April 22, 2025. The company’s market capitalization stands at CAD 63,030,000, with a price-to-earnings ratio of -5.8.

Market Implications

The expedited permitting for the Velvet-Wood Mine is likely to positively influence Anfield Energy Inc.’s market position. The fast-tracked approval process not only underscores the strategic importance of the project but also enhances the company’s prospects in the uranium exploration and development sector.

Conclusion

Anfield Energy Inc.’s Velvet-Wood Mine project represents a pivotal development in the company’s trajectory, bolstered by unprecedented federal support. As the company navigates this new phase, stakeholders will be closely monitoring its progress and potential impact on the broader energy landscape.