AEC ANFIELD ENERGY INC.
Price Chart
Executive Summary
Anfield Energy released an updated Preliminary Economic Assessment (PEA) for its Utah and Colorado uranium/vanadium projects, showing a pre-tax IRR of 106%, NPV of $606M, and 1.3-year payback. The PEA outlines a hub-and-spoke model with average annual production of 1.3M lbs U3O8 and 6.4M lbs V2O5 over 15 years, requiring ~$117M in initial capital. For a $89M market cap company, this PEA represents a potentially transformative development, though it remains preliminary and subject to financing and permitting risks.
Actionable Insight
The PEA significantly de-risks Anfield's development story and implies massive upside if realized. Monitor the upcoming NI 43-101 technical report (due within 45 days), financing announcements for the $117M capex, and uranium price movements. Given the micro-cap nature, any positive news flow could drive outsized moves.
Key Facts
- Pre-tax IRR of 106% and NPV of US$606 million at 8% discount rate
- Post-tax IRR of 97% and NPV of US$533 million
- Average annual production: 1.3M lbs uranium, 6.4M lbs vanadium over 15 years
- Initial capital expenditure of ~US$97 million plus US$20 million in first production year
- Life-of-mine capital expenditure of US$173 million
- Payback period of 1.3 years
- Combined measured/indicated resources for Velvet-Wood: 4.3M lbs eU3O8 at 0.34% grade
Financial Impact
Project NPV of US$606M pre-tax vs $89M market cap; IRR of 106%
Risk Factors
- PEA is preliminary and includes inferred resources; no guarantee of economic viability
- Requires ~$117M in initial capital for a company with minimal cash flow
- Commodity price sensitivity: 10% change in uranium/vanadium prices changes NPV by ~$136M
- Permitting, licensing, and construction risks for the Shootaring mill
- Historical T+20 performance on prior filings shows negative returns despite positive news
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-002968 |
| Document: f6k_050426.htm | 0001171843-26-002968 |
| Document: 0001171843-26-002968-index-headers.html | 0001171843-26-002968 |
| Document: 0001171843-26-002968-index.html | 0001171843-26-002968 |
| Document: 0001171843-26-002968.txt | 0001171843-26-002968 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 8, 2026
1d ago
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6-K
| $4.19 awaiting T+5 | awaiting T+5 | — | $3.79 (−9.55%) |
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Jun 8, 2026
1d ago
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Press Release
| $4.19 awaiting T+5 | awaiting T+5 | — | $3.79 (−9.55%) |
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Jun 1, 2026
8d ago
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6-K
| $4.84 $4.20 | ▼ −13.22% | ▼ −10.47% | $3.79 (−21.69%) |
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May 15, 2026
25d ago
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6-K
| $4.50 $4.36 | ▲ +3.11% | ▲ +4.07% | $3.79 (+15.78%) |
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May 13, 2026
27d ago
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6-K
| $5.05 $4.27 | ▼ −15.45% | ▼ −15.31% | $3.79 (−24.95%) |
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May 4, 2026
5w ago
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6-K
| $4.90 $5.24 | ▲ +6.94% | ▲ +4.00% | $3.79 (−22.65%) |
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Apr 8, 2026
8w ago
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6-K
| $5.47 $5.67 | ▲ +3.66% | ▲ +0.14% | $3.79 (−30.71%) |
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Apr 2, 2026
9w ago
|
6-K
| $5.48 $5.36 | ▼ −2.19% | ▼ −5.81% | $3.79 (−30.84%) |
US Market Status
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