---
title: "Anfield Energy Acquires Underground Haul Trucks for Velvet-Wood Mine"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265739087.md"
description: "Anfield Energy Inc. announced the purchase of eight custom-built underground haul trucks from Young’s Machine Company for its Velvet-Wood uranium-vanadium mine in Utah. This acquisition supports Anfield’s production model and U.S. energy independence goals. Despite recent strategic events, Spark's AI Analyst rates TSE:AEC as Underperform due to financial issues and bearish technical trends. Anfield Energy aims to be a leading supplier of energy-related fuels."
datetime: "2025-11-13T13:18:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265739087.md)
  - [en](https://longbridge.com/en/news/265739087.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265739087.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265739087.md) | [繁體中文](https://longbridge.com/zh-HK/news/265739087.md)


# Anfield Energy Acquires Underground Haul Trucks for Velvet-Wood Mine

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Anfield Energy Inc ( (TSE:AEC) ) has shared an update.

On November 13, 2025, Anfield Energy Inc. announced the purchase of eight custom-built underground haul trucks from Young’s Machine Company, marking a significant step towards production at its Velvet-Wood uranium-vanadium mine in Utah. This acquisition aligns with recent regulatory approvals and is part of Anfield’s strategy to enhance its operational readiness and strengthen local economic ties. The purchase supports Anfield’s hub-and-spoke production model and contributes to U.S. energy independence goals, positioning the company as a key player in the nuclear fuel market.

**Spark’s Take on TSE:AEC Stock**

According to Spark, TipRanks’ AI Analyst, TSE:AEC is a Underperform.

Anfield Energy Inc. struggles with significant financial issues, including ongoing losses and negative cash flows, which are major detractors from its stock score. The technical analysis indicates bearish trends, further limiting its attractiveness. Despite these challenges, recent strategic corporate events provide some positive outlook for potential growth. However, negative valuation metrics and the lack of earnings growth weigh heavily against the stock’s overall appeal.

To see Spark’s full report on TSE:AEC stock, click here.

**More about Anfield Energy Inc**

Anfield Energy Inc. is a publicly traded uranium and vanadium development company focused on becoming a leading supplier of energy-related fuels. The company is listed on NASDAQ, TSX-Venture Exchange, and Frankfurt Stock Exchange, and is committed to sustainable and efficient growth in its assets.

**Average Trading Volume:** 38,760

**Technical Sentiment Signal:** Hold

**Current Market Cap:** C$158.7M

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