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Anfield Energy Inc ( (TSE:AEC) ) has provided an announcement.
On April 2, 2026, Anfield Energy Inc. announced it has submitted a Notice of Intent to regulators for an underground drilling program at its SM-18 uranium-vanadium project in Colorado, aiming to verify and potentially expand the project’s mineral resources while advancing a comprehensive Plan of Operations. The SM-18 workings are reported to be in good condition, and the company expects the project to become its fourth producing mine alongside Velvet-Wood in Utah and Slick Rock and JD-8 in Colorado, each serving as a flagship within its respective mine complex.
This step advances Anfield’s hub-and-spoke strategy, which relies on feeding ore from multiple mines into its 100%-owned Shootaring Canyon Mill in Utah, now undergoing a proposed expansion to 1,000 tons per day and 3,000,000 pounds of licensed annual U₃O₈ capacity. Management says the brownfield-focused program, supported by in-house operational teams and existing regional infrastructure, is designed to open two mines per year across key U.S. uranium districts, strengthen Anfield’s position in a strong uranium market, and help revitalize rural western U.S. communities that historically depended on uranium mining.
The most recent analyst rating on (TSE:AEC) stock is a Hold with a C$10.00 price target. To see the full list of analyst forecasts on Anfield Energy Inc stock, see the TSE:AEC Stock Forecast page.
Spark’s Take on AEC Stock
According to Spark, TipRanks’ AI Analyst, AEC is a Neutral.
The score is held down primarily by weak financial performance—no recurring revenue, widening losses, and worsening cash burn that increases financing risk—despite a comparatively supportive balance sheet (positive equity, moderate leverage). Technicals are a clear offset with a strong uptrend and positive momentum, though near-term indicators are stretched. Valuation is limited by negative earnings and no dividend support.
To see Spark’s full report on AEC stock, click here.
More about Anfield Energy Inc
Anfield Energy Inc. is a uranium and vanadium development company focused on becoming a top-tier energy-related fuels supplier through sustainable, efficient growth of its asset base. The company is publicly listed on the NASDAQ, TSX Venture Exchange and Frankfurt Stock Exchange, and concentrates its conventional uranium operations in the western United States near its Utah-based Shootaring Canyon Mill.
Anfield’s portfolio includes the Velvet-Wood project in Utah and the Slick Rock, JD-8 and SM-18 projects in Colorado, all located within about 200 miles of the Shootaring Canyon Mill. This geographic concentration is intended to create logistical and economic synergies under a hub-and-spoke production model centered on the mill, one of only three licensed conventional uranium mills in the U.S.
Average Trading Volume: 45,754
Technical Sentiment Signal: Sell
Current Market Cap: C$125.6M
For a thorough assessment of AEC stock, go to TipRanks’ Stock Analysis page.