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Anfield Energy Inc ( (TSE:AEC) ) has issued an announcement.
On May 4, 2026, Anfield Energy reported updated preliminary economic assessment results for a hub-and-spoke production model centered on its Shootaring Canyon Mill, integrating the Velvet-Wood and Slick Rock projects and six West Slope mines. The study outlines a 15-year operation producing an average 1.3 million pounds of uranium and 6.4 million pounds of vanadium annually, supported by US$97 million in initial pre-production capital and total life-of-mine costs of about US$173 million.
The PEA indicates robust economics, with a pre-tax internal rate of return of 106%, pre-tax net present value of US$606 million at an 8% discount rate, and a projected 1.3-year payback period, based on US$100 per pound uranium and US$9 per pound vanadium. Management highlighted that the restart of Shootaring could make it one of only two operational conventional uranium-vanadium mills in the U.S., and noted further upside from additional DOE leases, potential toll-milling, and other projects that could enhance throughput and extend the production profile, reinforcing Anfield’s strategic position in a strengthening uranium market.
Spark’s Take on AEC Stock
According to Spark, TipRanks’ AI Analyst, AEC is a Neutral.
The score is primarily constrained by weak financial performance (no revenue, widening losses, and accelerating cash burn), with technicals also leaning bearish (below key moving averages and negative MACD). Valuation contributes limited support because the negative P/E reflects ongoing losses and dividend data is not available.
To see Spark’s full report on AEC stock, click here.
More about Anfield Energy Inc
Anfield Energy Inc. is a North American uranium and vanadium development company with projects in Utah and Colorado, focused on conventional mining and centralized processing. Its core assets include the Shootaring Canyon Mill in Utah and a portfolio of nearby uranium-vanadium deposits in the Uravan Mineral Belt, positioning the company to supply nuclear fuel and related materials to a tightening global market.
Average Trading Volume: 19,233
Technical Sentiment Signal: Sell
Current Market Cap: C$119.3M
For detailed information about AEC stock, go to TipRanks’ Stock Analysis page.