Anfield Energy Prices Stock Offering At $6.25, Targets Up To $14M

Anfield Energy Inc. ("Anfield" or the "Company") (TSX.V: AEC, NASDAQ:AEC, FRANKFURT: 0AD) is pleased to announce a non-brokered private placement offering of up to 1,120,000 common shares in the capital of the Company (the "LIFE Shares") at a price of $6.25 per LIFE Share (the "Issue Price") for gross proceeds to the Company of up to $7,000,000 (the "LIFE Offering"), with the LIFE Shares to be issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Company also announces that Uranium Energy Corp. ("Uranium Energy") has indicated an intention to subscribe for up to 1,120,000 subscription receipts of the Company (the "Subscription Receipts") at the Issue Price in a concurrent non-brokered private placement (the "Concurrent Offering", and together with the LIFE Offering, the "Offering") for gross proceeds to the Company of up to $7,000,000. As a result, the total gross proceeds from the Offering are expected to be up to $14,000,000. Each Subscription Receipt will entitle Uranium Energy to receive, upon satisfaction of the Escrow Release Conditions (as defined below) on or prior to 5:00 p.m. (Vancouver time) on March 31, 2026 or such other date as may be agreed to in writing by the Company and Uranium Energy (the "Escrow Release Deadline"), one (1) common share in the capital of the Company (each, a "Common Share"), without payment of additional consideration and without further action on the part of Uranium Energy. The Company requires the approval of the TSX Venture Exchange ("TSXV") of Uranium Energy's participation in the Concurrent Offering and, pursuant to the policies of the TSXV, the approval of the disinterested shareholders of the Company of Uranium Energy as a "Control Person" of the Company (as such term is defined by the policies of the TSXV) by at least a simple majority of the votes cast at a special meeting of shareholders of the Company, excluding votes attached to Common Shares held by Uranium Energy and its "Associates" and "Affiliates" (as such terms are defined by the policies of the TSXV) (the "Escrow Release Conditions"). The Company intends to use the net proceeds from the Offering to fund capital commitments to the West Slope Project, Velvet-Wood Project, the Slick Rock Project, and Shootaring Canyon Mill and for general corporate purposes and working capital.