# Anfield Energy Files Its Updated Preliminary Economic Assessment Which Reflects its Robust Hub-And-Spoke Uranium and Vanadium Production Strategy Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/anfield-energy-files-its-updated-preliminary-economic-assessment-which-reflects--d3412384-b2ec-4027-aaf0-3e173f3c94cc Original source: https://money.tmx.com/en/quote/AEC/news/5528641967212217/anfield-energy-files-its-updated-preliminary-economic-assessment-which-reflects- Publisher: tmx Original announcement: 2026-06-18T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Anfield Energy Inc. - Ticker: AEC - Exchange: TSX - Region: Utah and Colorado, USA - Primary commodity: Uranium - Secondary commodities: Vanadium - Document categories: Resource update, Other - Extracted: 2026-08-20 21:45:01 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Anfield Energy has filed an updated Preliminary Economic Assessment \(PEA\) for its uranium and vanadium projects in Utah and Colorado. The PEA reports a pre-tax NPV of US$606 million and a pre-tax IRR of 106%, utilizing a centralized hub-and-spoke production model centered on the Shootaring Canyon Mill. Reasoning: The updated PEA demonstrates robust economics for a combined uranium and vanadium project, though geological confidence is limited by the high proportion of inferred resources. - Positive factor: Strong project economics with 106% pre-tax IRR - Positive factor: Significant NPV of US$606 million - Positive factor: Hub-and-spoke model with centralized mill capacity - Positive factor: Short payback period of 1.3 years - Negative factor: Resource is heavily weighted towards Inferred category - Negative factor: PEA is preliminary and includes speculative inferred resources Facts used in scoring: 6 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource estimates for SR-11 and SM-18 are classified as Inferred. Evidence · text > SR-11 / Total Inferred **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The announcement is for a Preliminary Economic Assessment. Evidence · text > files its combined preliminary economic assessment \(“PEA”\) **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The PEA was prepared in accordance with NI 43-101 standards. Evidence · text > prepared in accordance with National Instrument 43-101 ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/anfield-energy-files-its-updated-preliminary-economic-assessment-which-reflects--d3412384-b2ec-4027-aaf0-3e173f3c94cc#fact-resource-facts-0) uranium #### Identity - Commodity: uranium - Ticker: AEC #### Resource Data - Category: inferred - Tonnes: 361217 - Grade: 0.15 - Grade Unit: %eU3O8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-18T00:00:00.000Z Reasoning: Low grade intercept in the inferred category. - Negative factor: Inferred category Evidence · table > 0.15 Context: 361,217 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/anfield-energy-files-its-updated-preliminary-economic-assessment-which-reflects--d3412384-b2ec-4027-aaf0-3e173f3c94cc#fact-resource-facts-1) uranium #### Identity - Commodity: uranium - Ticker: AEC #### Resource Data - Category: inferred - Tonnes: 229039 - Grade: 0.2 - Grade Unit: %eU3O8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-18T00:00:00.000Z Reasoning: Low grade intercept in the inferred category. - Negative factor: Inferred category Evidence · table > 0.20 Context: 229,039 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/anfield-energy-files-its-updated-preliminary-economic-assessment-which-reflects--d3412384-b2ec-4027-aaf0-3e173f3c94cc#fact-resource-facts-2) uranium #### Identity - Commodity: uranium - Ticker: AEC #### Resource Data - Category: inferred - Tonnes: 163480 - Grade: 0.24 - Grade Unit: %eU3O8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-18T00:00:00.000Z Reasoning: Low grade intercept in the inferred category. - Negative factor: Inferred category Evidence · table > 0.24 Context: 163,480 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/anfield-energy-files-its-updated-preliminary-economic-assessment-which-reflects--d3412384-b2ec-4027-aaf0-3e173f3c94cc#fact-resource-facts-3) uranium #### Identity - Commodity: uranium - Ticker: AEC #### Resource Data - Category: inferred - Tonnes: 574325 - Grade: 0.112 - Grade Unit: %eU3O8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-18T00:00:00.000Z Reasoning: Low grade intercept in the inferred category. - Negative factor: Inferred category Evidence · table > 0.112 Context: 574,325 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/anfield-energy-files-its-updated-preliminary-economic-assessment-which-reflects--d3412384-b2ec-4027-aaf0-3e173f3c94cc#fact-resource-facts-4) uranium #### Identity - Commodity: uranium - Ticker: AEC #### Resource Data - Category: inferred - Tonnes: 325058 - Grade: 0.152 - Grade Unit: %eU3O8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-18T00:00:00.000Z Reasoning: Low grade intercept in the inferred category. - Negative factor: Inferred category Evidence · table > 0.152 Context: 325,058 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/anfield-energy-files-its-updated-preliminary-economic-assessment-which-reflects--d3412384-b2ec-4027-aaf0-3e173f3c94cc#fact-resource-facts-5) uranium #### Identity - Commodity: uranium - Ticker: AEC #### Resource Data - Category: inferred - Tonnes: 178965 - Grade: 0.211 - Grade Unit: %eU3O8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-18T00:00:00.000Z Reasoning: Low grade intercept in the inferred category. - Negative factor: Inferred category Evidence · table > 0.211 Context: 178,965 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.