Anfield Energy Secures C$15 Million Equity Financing for Strategic Growth

Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) ("Anfield" or the "Company") has announced the successful closing of a C$15 million equity financing agreement with Uranium Energy Corp. ("UEC"). This strategic investment will enable Anfield to advance its uranium and vanadium projects, strengthen its financial position, and accelerate its growth as a top-tier energy-related fuels supplier.

The equity financing involves UEC acquiring 107,142,857 shares of Anfield at a price of C$0.14 per share, representing 17.8% of Anfield on an outstanding basis and 24.2% on a partially diluted basis. UEC has executed an undertaking with both the Company and the TSXV not to exercise such number of its warrants held to the extent that it would cause UEC to become a control person as at the date of the subscription without written approval of the TSXV, including any disinterested Anfield shareholder approval as may be required by the TSXV.

Funds raised in the Equity Financing will be used to:

1. Advance the reactivation plan for the Shootaring Canyon Mill, enabling Anfield to process uranium and vanadium ore and increase its production capacity.
2. Complete the Plan of Operations for the Velvet-Wood mine, bringing it one step closer to production and enhancing Anfield's uranium and vanadium reserves.
3. Potentially seek out mine permits for certain DOE leases, expanding Anfield's uranium and vanadium resource portfolio.
4. Add key personnel to facilitate the advancement of both mines and mill, ensuring efficient management and execution of Anfield's projects.
5. Pursue a listing on a US stock exchange, increasing Anfield's visibility and access to capital in the US market.



Anfield's CEO, Corey Dias, stated, "The board of directors sees compelling value in the premium-priced C$15-million UEC strategic equity financing. This investment will enable Anfield to accelerate its growth and strengthen its position in the uranium and vanadium market. We are excited to work with UEC as a strategic investor and look forward to the opportunities that this partnership will bring."

The involvement of UEC as an investor has a significant impact on Anfield's future direction and decision-making processes. With the substantial funding provided, Anfield can accelerate its growth and strengthen its position in the uranium and vanadium market. UEC's expertise and resources in the industry may also influence Anfield's decision-making processes, providing valuable guidance and support as the company navigates the complexities of the energy market.

In conclusion, Anfield Energy Inc.'s C$15 million equity financing agreement with Uranium Energy Corp. has bolstered the company's financial stability and growth prospects. With the raised funds, Anfield can advance its strategic initiatives, strengthen its position in the uranium and vanadium market, and accelerate its growth as a top-tier energy-related fuels supplier. The involvement of UEC as an investor also offers Anfield access to valuable expertise and resources, which can influence the company's decision-making processes and help it succeed in the competitive energy market.