VANCOUVER, British Columbia — January 13, 2026 — Leads & Copy — Anfield Energy Inc. has closed a non-brokered private placement, raising US$10,000,000 through the issuance of common shares and subscription receipts. The offering, detailed in a press release, involved two components: a LIFE Offering and a Concurrent Offering.
The LIFE Offering comprised 1,345,292 common shares at a price of US$4.46 per share, generating gross proceeds of US$6,000,000. These shares were issued under the listed issuer financing exemption.
The Concurrent Offering involved 896,861 subscription receipts issued to UEC Energy Corp., a subsidiary of Uranium Energy Corp., an insider and controlling shareholder of Anfield. These were also priced at US$4.46 each, resulting in gross proceeds of US$4,000,000. The total gross proceeds from both offerings amounted to US$10,000,000.
UEC will receive one common share for each subscription receipt upon satisfaction of certain conditions before March 31, 2026, or a later date specified by UEC. These conditions include TSXV approval of Uranium Energy’s participation and disinterested shareholder approval of Uranium Energy as a Control Person of the Company. A special meeting of shareholders is anticipated around February 27, 2026, to address this.
Anfield intends to allocate the net proceeds from the offering to fund capital commitments for the West Slope Project, Velvet-Wood Project, the Slick Rock Project, and Shootaring Canyon Mill, as well as for general corporate purposes and working capital.
Uranium Energy’s and Corey Dias’s participation in the offering constitutes a “related party transaction”. Anfield is relying on exemptions from formal valuation and minority shareholder approval requirements, as the transaction’s value does not exceed 25% of the company’s market capitalization. However, disinterested shareholder approval will still be sought for Uranium Energy’s designation as a Control Person.
The LIFE Shares were offered to purchasers in Canada (excluding Quebec) and the United States, complying with relevant securities laws. LIFE Shares issued to Canadian subscribers are not subject to a hold period. The Subscription Receipts are subject to a four-month hold period.
Anfield did not pay any finders’ fees or commissions in connection with the Offering.
Uranium Energy, through UEC, acquired 896,861 Subscription Receipts in the Concurrent Offering. Before the acquisition, Uranium Energy held 4,978,877 Common Shares and 1,283,639 Common Share purchase warrants, representing approximately 31.2% of outstanding Common Shares on a non-diluted basis and approximately 36.4% on a partially diluted basis. After the acquisition, Uranium Energy holds approximately 28.8% of outstanding Common Shares on a non-diluted basis and approximately 36.8% on a partially diluted basis.
Uranium Energy acquired the Subscription Receipts for investment purposes and may adjust its ownership in Anfield in the future. Josephine Man, Chief Financial Officer, can be contacted at jman@uraniumenergy.com for more information.
Anfield Energy Inc. is a uranium and vanadium development company focused on becoming a top-tier energy-related fuels supplier.
Corey Dias is the Chief Executive Officer of Anfield Energy Inc.
Source: Anfield Energy Inc.
