Anfield Energy Inc.

Anfield Energy Inc. is a junior uranium development company headquartered in Burnaby, Canada, operating primarily in USA. The company's portfolio consists of 4 projects, comprising 2 development and 2 advanced exploration projects. Key assets include Velvet-Wood. The organization's business model centers on establishing a vertically-integrated resource entity, combining mineral exploration and development with in-house processing capabilities. A key operational characteristic is the planned reactivation and significant expansion of a wholly-owned conventional processing facility, which has been maintained on standby. This facility is designed to serve as a central hub, creating operational synergies by processing material from a portfolio of conventional mineral properties. The approach involves updating the facility’s license from standby to operational status while simultaneously increasing both throughput and licensed production capacity. This integrated model is intended to provide a distinct competitive advantage by controlling the full value chain from resource extraction to final product. The company is also planning to install a modern secondary mineral recovery circuit at the facility, further enhancing its processing capabilities and potential revenue streams. This strategic infrastructure is fundamental to the company's plan to consolidate its position and capitalize on favorable market dynamics by advancing a pipeline of assets toward production.

Strategic priorities are directed toward achieving near-term producer status through a disciplined, multi-year development plan. The central objective is the restart of the company's primary processing facility, with a target of 2027 for commencing operations. This involves a comprehensive application process to transition the facility's license from standby to full operational status, alongside initiatives to triple its licensed output capacity. Concurrently, the strategy includes advancing key mineral properties to a production-ready state to ensure a consistent feed source upon the facility's restart. This is supported by targeted exploration, including rotary drill programs designed to upgrade and expand the existing resource base and inform detailed mine planning. Capital allocation is focused on funding significant pre-production expenditures, which cover permitting, engineering, facility refurbishment, and the construction of a new secondary mineral recovery circuit. The company has actively secured capital through substantial equity placements and expanded credit facilities to finance these critical development milestones and de-risk the path to production.

The corporate structure has been significantly shaped by recent strategic transactions and partnerships. In early 2025, Uranium Energy Corp. became a key stakeholder through a substantial private placement, establishing a strategic alignment between the two entities. This relationship was further solidified through an Indemnification Support Agreement, whereby the new investor provides bonding support and, in return, receives pre-emptive rights to maintain its percentage ownership in future financings. This development followed the termination of a proposed plan of arrangement in January 2025, under which IsoEnergy Ltd. was expected to acquire all of the company's outstanding shares. The organization actively expands its asset base through acquisitions, including the purchase of 12 Department of Energy leases from Gold Eagle Mining Inc. and Golden Eagle Uranium LLC, a transaction managed by its subsidiary, Highbury Resources Inc. Other recent acquisitions include the purchase of 175 unpatented claims in exchange for shares in early 2024 and an agreement with Wayne Minerals Inc. in late 2022 to acquire 50 claims.