Anfield Energy Inc. has successfully concluded its underwritten public offering, raising a substantial US$6.9 million in gross proceeds. This strategic move, completed on July 30, 2026 involved the issuance of 1,715,000 common shares at a price of US$4.00 per share including the full exercise of the underwriters’ option to purchase an additional 233,695 shares.
The offering was orchestrated by a syndicate of underwriters led by Northland Capital Markets and Roth Capital Partners as joint bookrunners. Notably, Uranium Energy Corp. (NYSE: UEC), through its subsidiary UEC Energy Corp. participated as an existing strategic investor, further solidifying the transaction’s strategic significance.
The Strategic Allocation of Funds
Anfield Energy plans to allocate the net proceeds from this offering to several key initiatives. The funds will be directed towards capital commitments for the Paradox ComplexVelvet-Wood ProjectSlick Rock Complex and the Shootaring Canyon Mill. Additionally, the proceeds will support working capital and general corporate purposes, ensuring the company’s sustainable growth and operational efficiency.
The underwriters received discounts and commissions totaling approximately US$261,600 in respect of the gross proceeds from the sale of the common shares. This financial maneuver underscores the company’s commitment to leveraging strategic partnerships and optimizing its capital structure.
Regulatory Compliance and Investor Information
In connection with the offering, Anfield Energy filed a final prospectus supplement with the securities commissions in all provinces and territories of Canada, except Quebec. Additionally, a final prospectus supplement was filed in the United States, forming part of an effective registration statement on Form F-10 with the U.S. Securities and Exchange Commission (SEC) under the U.S./Canada Multijurisdictional Disclosure System.
The prospectus supplements, base shelf prospectuses, and registration statement contain crucial information about the company and the offering. Prospective investors are encouraged to review these documents thoroughly before making any investment decisions. The prospectus supplement is available on SEDAR+ at www.sedarplus.ca while the U.S. prospectus supplement can be accessed on the SEC’s website at www.sec.gov.
For those interested in obtaining a copy of the prospectus supplement, electronic or paper copies can be requested from Roth Canada, Inc. or Northland Securities, Inc. as detailed in the official release.
The Role of Uranium Energy Corp.
Uranium Energy Corp.’s participation in the offering, through its subsidiary UEC, involved the purchase of 625,000 common shares for gross proceeds of US$2,500,000. This transaction is classified as a related party transaction under TSXV Policy 5.9 and Multilateral Instrument 61-101. Anfield Energy is relying on exemptions from formal valuation and minority shareholder approval requirements, as the fair market value of the transaction does not exceed 25% of the company’s market capitalization.
The company did not file a material change report 21 days in advance of the closing, as the participation of Uranium Energy had not been confirmed at that time. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation would be unlawful.
About Anfield Energy
Anfield Energy is a uranium and vanadium development and near-term production company dedicated to becoming a significant supplier of energy-related fuels. The company’s flagship asset is the Shootaring Canyon Mill in Utah, one of only three licensed, permitted, and constructed conventional uranium mills in the United States. Anfield’s portfolio includes the advanced Velvet-Wood project and other conventional uranium-vanadium assets in Utah, Colorado, Arizona, and New Mexico.
All of Anfield’s assets are strategically located in the United States, positioning the company to meet America’s growing nuclear fuel needs. The U.S. consumes nearly 50 million pounds of uranium annually but produces only a small fraction domestically. Anfield Energy is poised to play a pivotal role in addressing this supply-demand imbalance.
For further information, please contact Anfield Energy, Inc. at 604-669-5762 or via email at contact@. Additional details can be found on the company’s website at .
