Anfield Energy

Anfield is pre‑revenue with project timing dependent on regulatory approval, financing, construction and commodity cycles. Although the PEA lays out a 12‑month pre‑production period and a 15‑year mine plan, history in uranium shows timelines often slip. Regulatory review of the mill restart is underway, but not yet approved.

We expect high variability in outcomes, and we require evidence of signed utility contracts and commissioning milestones before considering predictability to be improving.