The share price of Anfield Energy Inc. (NASDAQ:AEC) surged by 6.96% between October 3 and October 10, 2025, putting it among the Energy Stocks that Gained the Most This Week.Anfield Energy (AEC) Gained Almost 7% This Week. Here is Why.

Anfield Energy Inc. (NASDAQ:AEC) engages in the exploration, evaluation, development, and production of mineral properties in the United States. The company primarily explores for vanadium, uranium, and gold deposits.

Anfield Energy Inc. (NASDAQ:AEC) made headlines this week after the company announced that it has received approval from the Utah Department of Oil, Gas, and Mining to begin construction on its Velvet-Wood uranium project. The project had earlier received the environmental permit from the U.S. Department of Interior, which selected it as part of the response to an energy emergency declared by President Trump.

Corey Dias, CEO of Anfield Energy Inc. (NASDAQ:AEC), commented:

“We are very pleased to receive approval from the Utah Department of Oil, Gas and Mining for our Velvet-Wood project. Having achieved this critical milestone, Anfield’s path is now clear to advance the Velvet-Wood mine to construction and, ultimately, to production. This reinforces our view that Velvet-Wood’s status as a past-producing uranium and vanadium mine with a small environmental footprint is advantageous to the Company’s aim to pursue near-term production. The Company will now pivot to advancing the project through the construction phase of its plan.

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