Shootaring Canyon uranium mill in Utah. Image: Screenshot from Anfield Energy presentation.
The Trump administration approved Anfield Energy’s (TSX: AEC) proposed Velvet-Wood uranium mine project in Utah on Friday after a rapid 14-day environmental review as part of a new process to fast-track permitting of energy and mining projects.
Such studies typically take years because of the large potential environmental consequences of uranium mining.
The Canadian company’s project is the first approved under an emergency process for the Interior Department to permit energy facilities on federal lands. The new procedures are in response to President Donald Trump’s national energy emergency declaration, made on his first day in office in January in an effort to boost domestic energy supplies, bring down fuel prices and bolster national security.
Anfield filed its plan of operations for the mine on April…
