Anfield Provides Update on Share Consolidation in Preparation for Listing on NASDAQ

Head Office: 4390 Grange Street, Suite 2005 Burnaby, B.C. V5H 1P6

www.anfieldenergy.com Office: 604.669.5762 Fax: 604.608.4804 Anfield Provides Update on Share Consolidation in Preparation for Listing on NASDAQ VANCOUVER, British Columbia, July 30, 2025 – Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) announces in preparation of the listing of its common shares on The Nasdaq Stock Market LLC (“NASDAQ”), the Company will undertake a consolidation (the “Consolidation”) of its outstanding common share capital on the basis of one (1) post-Consolidation share for every seventy-five (75) pre-Consolidation shares. The Consolidation was previously approved by shareholders of the Company at the special meeting (the “Meeting”) held on March 31, 2025. Corey Dias, Anfield CEO states: “We are very pleased to take the next step towards NASDAQ inclusion via a share consolidation. Following 16 consecutive days of trading on the U.S. Over-The Counter (OTC) Market in order for the Company to demonstrate compliance with trading volume requirements, we expect NASDAQ will complete its final review within three to four business days. In the meantime, we continue to advance our portfolio of uranium and vanadium assets in an environment which is extremely conducive to supporting U.S.-based energy production.

Statistics provided by NASDAQ show that a company’s average daily volume of trade on the NASDAQ in the first twelve months of listing is roughly eighteen times higher than the twelve-month pre- NASDAQ average trading volume on the OTC. On the Canadian side of the market, the twelve-month average daily volume increase from pre- to post-NASDAQ listing is roughly 80%.”

Effective at the open of markets on August 1, 2025, the common shares of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol “AEC” and the new CUSIP 03464C205. As of the date of this news release, the Company has 1,173,490,049 common shares issued and outstanding. Following completion of the Consolidation, the Company is expected to have approximately 15,646,534 common shares issued and outstanding. The exercise terms of the Company’s outstanding options and warrants will also be proportionally adjusted upon completion of the Consolidation. The series of warrants currently listed for trading on the TSX Venture Exchange under the ticker symbol “AEC.WT” will also be adjusted for the Consolidation such that seventy-five

(75) warrants, and a payment of $13.50, will now be required in order for a holder to receive one (1) post-Consolidation common share upon exercise.

A letter of transmittal will be mailed to registered shareholders once the Consolidation has taken effect. The letter of transmittal contains instructions on how registered shareholders can exchange their share certificates evidencing their pre-Consolidation shares for new share certificates representing the number of post-Consolidation shares to which they are entitled.

Beneficial shareholders holding their shares through a brokerage may be subject to different procedures for obtaining their post-Consolidation shares. If shareholders have any questions in this regard, they are encouraged to contact their respective brokerage or intermediary.

Readers are cautioned that while the Company has submitted an application for listing on NASDAQ, completion of a listing is subject to regulatory approvals and the satisfaction of applicable listing requirements. There can be no assurance that a listing will be completed, and in the event a listing is completed it is contemplated that the common shares of the Company would continue to trade in Canada on the TSX Venture Exchange.

For further information concerning the Consolidation, readers are encouraged to review the management information circular prepared by the Company in connection with the Meeting, a copy of which is available under the profile for the Company on SEDAR+ (www.sedarplus.ca).

About Anfield

Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on the TSX Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD).

On behalf of the Board of Directors

ANFIELD ENERGY INC.

Corey Dias, Chief Executive Officer

Contact:

Anfield Energy Inc.

Corey Dias, Chief Executive Officer

Corporate Communications 604-699-5762 [email protected] www.anfieldenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has either approved or disapproved of the contents of this news release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the anticipated completion of the Consolidation and the pursuit of a listing on Nasdaq.

Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will receive regulatory approval for the Consolidation; the effective date for the Consolidation and that the Company will be able to pursue a listing on Nasdaq. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the risk that the Company may not complete the Consolidation within the expected timeframe; that the Company may not receive regulatory approval from NASDAQ to complete the listing; risks relating to the actual results of the Company’s operational activities, fluctuating commodity prices, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. We seek safe harbor.