Anfield Welcomes the U.S. Government’s Efforts to Facilitate Domestic Uranium Mining

Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) welcomes the U.S. government’s efforts to facilitate domestic uranium mining through the issuance of Executive Orders (“EO”).

These efforts not only bring increased investor attention to the sector but will also help boost Anfield’s production prospects as one of very few companies with a near-term path to U.S. uranium production.

The Administration’s relevant Executive Orders are as follows:

Establishing the National Energy Dominance Council (“NEDC”)

The NEDC, Chaired by the Secretary of the Interior and Vice-Chaired by the Secretary of Energy, is tasked to prepare and recommend a strategy to increase domestic energy production. Other agencies represented on the NEDC are the Department of State, Department of Defense, Environmental Protection Agency, U.S. Trade Representative, the Office of Management and Budget and the Department of Transportation.

Immediate Measures to Increase American Mineral Production

This EO aims to boost American mineral production, streamline permitting and enhance national security. It directs Federal agencies to accelerate domestic mining, processing and refining of key minerals – including uranium – by prioritizing strategic projects, reducing regulatory delays, improving access to Federal lands and mobilizing public and private investment. This EO also invokes the Defense Production Act, which is designed to address US reliance on foreign sources for minerals.

Unleashing American Energy

This EO seeks to expand production of energy and critical minerals in the U.S. and includes uranium as a critical mineral. To this end, this EO pushes to accelerate regulatory approvals in furtherance of this goal. Amongst other considerations, the EO requires a review of Agency actions as follows:

1. identify and revise any regulations that are decreed to impede energy development, with revisions to be developed in consultation with the White House within 30 days;
2. have the US Geological Survey (“USGS”) consider updating the USGS’s list of critical minerals, “…including for the potential of including uranium”.

Zero-Based Regulatory Budgeting to Unleash American Energy

This EO creates a regulatory budgeting framework to streamline Federal energy regulations at Federal departments such as the Nuclear Regulatory Commission (”NRC”), Department of Energy (“DoE”), the Environmental Protection Agency (“EPA”) and the Federal Energy Regulatory Commission (“FERC”). It also mandates sunset clauses for both existing and new regulations (excluding permitting regimes) unless affirmatively extended.