Anfield Energy Inc says it recently completed its first major procurement of specialised underground mining equipment. The company placed an order for eight custom-built underground haul trucks from Young’s Machine Company, a family-owned manufacturer based in Monticello, Utah.
This purchase marks a key milestone in Anfield’s ramp-up toward near-term production at its Velvet-Wood uranium-vanadium mine in southeastern Utah which aligns with recent regulatory approvals for construction.
Corey Dias, Anfield CEO, stated: “Securing our first fleet of underground trucks from Young’s Machine is a pivotal step in executing our near-term production strategy at Velvet-Wood. Partnering with a proven, Utah-based manufacturer like Young’s ensures we deploy rugged, fit-for-purpose equipment built for the unique demands of our high-grade uranium-vanadium material. This order not only de-risks our restart timeline but also strengthens local economic ties as we advance American energy independence through domestic nuclear fuel production.”
The order includes multiple units from Young’s 960 Series dump trucks, designed for underground mining operations. “These American-manufactured trucks are known for their durability, low overhead costs for buyers, and compatibility with uranium-vanadium material handling in challenging subsurface environments.”
In Anfield Energy’s hub-and-spoke uranium and vanadium production model, deploying a uniform fleet of underground haul trucks reduces maintenance complexity, optimises spare parts logistics, lowers operational costs, and enables rapid scalability as additional spokes come online.
Following the high-profile ground-breaking ceremony for the Velvet-Wood Mine on November 6, this purchase aligns with Anfield’s projected timeline and is slated to begin delivery in the second quarter of 2026.
Anfield continues to position itself as a top-tier supplier of clean energy inputs amid a surging demand for nuclear fuels. With assets in Utah, Colorado, Arizona and New Mexico, the Company aims to restart the Shootaring Canyon Mill and scale production output up to 3 Mlb of uranium annually. The Velvet-Wood Mine, located near Monticello, will feed material to Anfield’s Shootaring Canyon Mill, supporting a hub-and-spoke model which will contribute to the US Government’s aim of energy independence.
The mine targets historical materials from 1970s-1980s operations that produced ~4 Mlb of U₃O₈ and 5 million lbs of V₂O₅. A 2023 Preliminary Economic Assessment (PEA) projected positive production potential. Recent US Department of the Interior expedited permitting (May 2025) and Utah regulatory greenlights (October 2025) have accelerated development, positioning Anfield to become the next US uranium producer.
This truck purchase complements other recent activities, including a completed confirmation drill program at the JD-7 Mine (October 21, 2025) and upcoming underground drilling at other Paradox Mine Complex sites.
Partnering with Young’s Machinery “highlights Anfield’s commitment to Utah-based supply chains and American manufacturing, potentially creating jobs in San Juan County.”
Steve Young, of Young’s Machine Company, stated: “We’re thrilled to partner with Anfield on this landmark order – it’s a testament to the trust they’ve placed in our custom 960 Series trucks. Working with a forward-thinking team like Anfield’s, right here in our backyard, reinforces our commitment to powering Utah’s uranium revival with reliable, American-made equipment that stands up to the toughest underground conditions. We look forward to seeing these trucks haul the future of clean energy.”
