Anfield Energy Receives Approval for Velvet-Wood Mine Construction

Anfield Energy Inc ( (TSE:AEC) ) has issued an announcement.

On October 7, 2025, Anfield Energy Inc. announced it received approval from the Utah Department of Oil, Gas and Mining to commence construction on its Velvet-Wood uranium project. This approval, following federal environmental clearance, allows Anfield to accelerate mine preparation and construction, reinforcing its strategy to contribute to U.S. energy independence. The Velvet-Wood project, a past-producing uranium and vanadium mine, is part of Anfield’s broader plan to enhance its position in the nuclear energy sector, leveraging its integrated mine-to-mill strategy.

Spark’s Take on TSE:AEC Stock

According to Spark, TipRanks’ AI Analyst, TSE:AEC is a Underperform.

Anfield Energy Inc. struggles with significant financial issues, including ongoing losses and negative cash flows, which are major detractors from its stock score. The technical analysis indicates bearish trends, further limiting its attractiveness. Despite these challenges, recent strategic corporate events provide some positive outlook for potential growth. However, negative valuation metrics and the lack of earnings growth weigh heavily against the stock’s overall appeal.

To see Spark’s full report on TSE:AEC stock, click here.

More about Anfield Energy Inc

Anfield Energy Inc. is a uranium and vanadium development company focused on becoming a significant supplier of energy-related fuels. The company is publicly traded on NASDAQ, TSX Venture Exchange, and the Frankfurt Stock Exchange. Anfield’s assets include the Shootaring Canyon Mill in Utah, one of the few licensed conventional uranium mills in the United States, strategically positioned to meet the growing nuclear fuel needs of the U.S.

Average Trading Volume: 40,191

Technical Sentiment Signal: Buy

Current Market Cap: C$184.6M

Learn more about AEC stock on TipRanks’ Stock Analysis page.