Anfield Energy Inc. (NASDAQ: AEC; TSX.V: AEC; FRANKFURT: 0AD) announced that its wholly-owned subsidiary, Highbury Resources Inc. (“Highbury”), has entered into a Mining Lease Agreement (the “Lease”) dated July 1, 2026, with Gold Eagle Mining Inc. (“Gold Eagle”) for two additional patented mining claims located in southwestern Colorado (collectively, the “Properties”). The Properties will be added to Anfield’s existing property holdings for the JD-5 and Slick Rock projects and will be incorporated into the upcoming mine design and mine permitting activities for these two key assets.
The Properties subject to the Lease consist of:
- Slick Rock Claim: Legally described as S2NW4SE4 N2SE4SE4 SEC 30, T44N R18W NMPM, San Miguel County, Colorado.
- Paradox D Claim: Legally described as NE4 of SEC 21, T46N, R17W, NMPM, Montrose County, Colorado.
These additional Properties strategically expand Anfield’s land position in the prolific Uravan Belt of the Colorado Plateau uranium-vanadium district. The Properties will be integrated into the mine design and permitting workstreams for the JD-5 project (part of the Monogram Mesa / JD project area) and the Slick Rock project complex. Both projects represent important potential feed sources for Anfield’s hub-and-spoke development model, which is centered on the fully permitted Shootaring Canyon Mill in Utah, as detailed in the Company’s recently updated Preliminary Economic Assessment (PEA) filed in June 2026.
“We are pleased to have secured these additional patented claims on attractive, royalty-free terms through our partnership with Gold Eagle Mining Inc. I want to thank Don Coram for his support and for the productive working relationship we have developed. Anfield has made excellent progress advancing the Shootaring Canyon Mill and Velvet-Wood Mine in Utah, as well as the JD-8 Mine in Colorado. These new claims will provide additional flexibility as we advance mine design and permitting for the JD-5 and Slick Rock projects as part of our hub-and-spoke strategy. We look forward to continuing to work closely with Don and the Gold Eagle team.”
— Corey Dias, Chief Executive Officer of Anfield Energy Inc.
“Anfield Energy has done an excellent job advancing its key projects, including the Shootaring Canyon Mill and Velvet-Wood Mine in Utah, as well as the JD-8 Mine in Colorado. Drawing from my experience serving in the Colorado House of Representatives and State Senate representing the communities where these projects are located, I am excited to continue working with Anfield on responsibly developing these important domestic uranium and vanadium resources. We look forward to a productive partnership as these additional claims are integrated into Anfield’s mine design and permitting plans.”
— Don Coram, President of Gold Eagle Mining Inc.
Pursuant to the Lease, which has a perpetual term, Highbury has been granted the exclusive right to enter upon, explore, develop, mine, extract, remove, process, store, ship, and sell minerals from the Properties, together with all necessary rights of ingress, egress, and access, and the right to use the surface of the Properties as reasonably necessary for mining operations. As full consideration for the Lease, Highbury has agreed to pay all annual property taxes assessed against the Slick Rock Claim promptly when due (with no obligation whatsoever for property taxes assessed against or attributable to the Paradox D Claim, which are the responsibility of the existing surface lessee, DISA Technologies Inc.), and to maintain, at its sole expense, comprehensive general liability insurance with limits of not less than $1,000,000 per occurrence and $2,000,000 in the aggregate, naming Gold Eagle as an additional insured. No royalties, rents, or other production-based payments are required under the Lease. With respect to the Paradox D Claim, Highbury has been granted non-exclusive rights to use the surface for parking, staging, temporary storage, and other ancillary mining support activities, subject to coordination with DISA Technologies Inc. so as not to unreasonably interfere with its operations.
Anfield continues to advance its key projects with strong momentum, including Phase Two underground development at the Velvet-Wood mine, ongoing refurbishment and licensing activities at the Shootaring Canyon Mill, and multiple permitting and drilling initiatives across its Colorado assets. The Company remains focused on becoming a reliable domestic supplier of uranium and vanadium, supporting U.S. energy security and the global transition to clean, carbon-free power.