Anfield Energy Closes US$6.9 million Underwritten Public Offering

Anfield Energy Inc. has successfully completed its underwritten public offering, raising a total of US$6.9 million through the sale of 1,715,000 common shares at a price of US$4.00 per share. The offering, which included the full exercise of the underwriters’ option to purchase an additional 233,695 common shares, was finalized on July 31, 2026. The transaction was facilitated by a syndicate of underwriters led by Northland Capital Markets and Roth Capital Partners, who acted as joint bookrunners.

Anfield Energy, listed on the TSX Venture Exchange and NASDAQ, is a uranium and vanadium development company focused on sustainable energy solutions. The proceeds from this public offering are earmarked for capital commitments related to several key projects, including the Paradox Complex, Velvet-Wood Project, Slick Rock Complex, and the Shootaring Canyon Mill. The company aims to strengthen its operational capabilities and enhance its position in the energy sector by using the funds for general corporate purposes as well.

Uranium Energy Corp., a notable strategic investor in Anfield, participated in this offering through its wholly-owned subsidiary UEC Energy Corp., acquiring 625,000 common shares for US$2.5 million. This investment is classified as a "related party transaction" under TSXV Policy 5.9, as it involves a significant shareholder. Anfield is relying on exemptions from certain formal valuation and minority shareholder approval requirements due to the transaction's size relative to the company's market capitalization.

The uranium sector has seen a resurgence in interest due to increasing demand for nuclear energy as a low-carbon power source. Anfield's strategic focus on uranium and vanadium positions it well to capitalize on this trend. The company's flagship asset, the Shootaring Canyon Mill in Utah, is one of the few licensed uranium mills in the United States, which enhances its potential to become a key player in the domestic uranium supply chain.

The successful completion of this offering not only bolsters Anfield's financial position but also reflects broader market dynamics favoring uranium investments. As global energy policies increasingly prioritize sustainability, companies like Anfield Energy are poised to benefit from heightened investment and interest in nuclear energy solutions. The capital raised will enable Anfield to advance its projects, potentially leading to increased production capabilities and market share in the evolving energy landscape.