Anfield Energy Announces Pricing of US$6.0 million Underwritten Public Offering of Common Shares

Anfield Energy Announces Pricing of US$6.0 million Underwritten Public Offering of Common Shares

VANCOUVER, British Columbia, July 30, 2026 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (“Anfield” or the “Company”) (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) announces the pricing of an underwritten public offering (the “Offering”) of 1,491,305 common shares (the “Common Shares”) at…

Anfield Energy prices US$6.0 million uranium projects financing – Resource World Magazine

Anfield Energy Inc. [AEC-TSXV, NASDAQ, OAD-Frankfurt] has announced the pricing of a US$6.0 million underwritten offering of common shares, with proceeds earmarked for uranium projects in the United States.  The company said the offering will consist of 1.49 million common shares priced at US$4.00 each. In connection with the offering, the company has granted the underwriters an option to purchase up to 223,695 additional common shares at the offering price. The over-allotment option can be exercised, in whole or in part, for up to 30 days after the date of the underwriting agreement. Closing is expected to occur on July 31, 2026, subject to receipt of required approval from the TSX Venture Exchange On Thursday, Anfield shares were down 3.6% or 21 cents $5.65. The shares trade in a 52-week range of $16.25 and $5.08. Anfield is a uranium and vanadium development and near term production company that is committed to becoming a significant supplier of energy-related fuels through sustainable, efficient growth of tis U.S. assets.  Its asset portfolio includes the Shootaring Canyon Mill in Garfield County, Utah and the Velvet Wood project, which is also located in Utah. Shootaring ranks as one of only three licensed, permitted and constructed conventional uranium mills in the U.S.  The asset is integral to Anfield’s pursuit of strategically acquired conventional uranium and vanadium projects in Utah, Colorado, Arizona and New Mexico, areas with a history of production. Anfield said it intends to use net proceeds from the offering to fund capital commitments to the Paradox Complex, the Velvet-Wood Project, the Slick Rock Complex and the Shootaring Mill, as well as for working capital and general corporate purposes. In a recent press release, the company said it remains on track to convert the Shootaring mill license from care-and-maintenance to operations, with production targeted for 2027. The Shootaring Mill will act as the centralized mineral processing facility for local mining operations that are expected to produce 1.3 million pounds of uranium annually and 6.4 million pounds of vanadium per year over 15 years, according to a preliminary economic assessment (PEA). Anfield key shareholders include Uranium Energy Corp. [UEC-NYSE American], which has a major equity stake in in Uranium Royalty Corp. [URC-TSX, UROY-NASDAQ], the world’s only uranium-focused royalty and streaming company and the only pure play uranium-listed company on the NASDAQ. Uranium Energy is a supplier of uranium needed to produce safe, clean and reliable nuclear energy. It is advancing the next generation of low cost in situ recovery mining uranium projects in the United States and high-grade conventional projects in Canada. The company has three hub and spoke platforms in south Texas and Wyoming with a combined licensed production capacity of 12.1 million pounds of uranium octoxide per year. In August, 2024, in situ recovery operations began at the Christensen Ranch project in Wyoming, sending uranium loaded resin to the Irigaray CPP in Wyoming.