Anfield Energy Inc.

Anfield Energy has closed its previously announced underwritten public offering of 1,715,000 common shares at US$4.00 per share for aggregate gross proceeds of US$6.9 million. The offering included the full exercise of the underwriters’ option to purchase an additional 233,695 common shares and was conducted through a syndicate led by Northland Capital Markets and Roth Capital Partners as joint bookrunners. Existing strategic investor Uranium Energy Corp participated through its wholly-owned subsidiary UEC Energy Corp, purchasing 625,000 common shares for gross proceeds of US$2,500,000, which constituted a related party transaction. The company intends to use the net proceeds to fund capital commitments at the Paradox Complex, Velvet-Wood Project, Slick Rock Complex, and Shootaring Canyon Mill, as well as for working capital and general corporate purposes.