Anfield Announces Closing of C$15 Million Equity Financing
Head Office:
4390 Grange Street, Suite 2005
Burnaby, B.C. V5H 1P6
www.anfieldenergy.com
Office: 604.669.5762
Fax: 604.608.4804
Anfield Announces Closing of C$15 Million Equity Financing
VANCOUVER, British Columbia, January 15, 2025 – Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF;
FRANKFURT: 0AD) (“Anfield” or the “ Company”) announces that the Company has closed the equity
portion of its previously announced financing whereby Uranium Energy Corp. (“UEC”) has acquired
107,142,857 shares of Anfield (the “Shares”) at a price of C$0.14 per Share for gross proceeds of C$15
million (the “Equity Financing”).
The Shares issued under the Equity Financing are subject to a hold period in Canada expiring four months
and one day from the date of issuance. No finder’s fees were payable in connection with the Equity
Financing.
Following completion of the Equity Financing, UEC owns 203,415,775 common shares and 96,272,918
share purchase warrants of Anfield in aggregate, representing 17.8% of Anfield on an outstanding basis
and 24.2% on a partially diluted basis. UEC has executed an undertaking with both the Company and the
TSXV not to exercise such number of its warrants held to the extent that, upon exercise thereof, it would
cause UEC to become a control person (as defined in the policies of the TSXV) as at the date of the
subscription without written approval of the TSXV, including any disinterested Anfield shareholder
approval as may be required by the TSXV.
Funds raised in the Equity Financing will be used to: 1) advance the reactivation plan for the Shootaring
Canyon Mill; 2) advance the Plan of Operations for the Velvet -Wood mine; 3) potentially seek out mine
permits for certain DOE leases; 4) add key personnel to facilitate the advancement of both mines and mill;
and 5) general corporate purposes, including the pursuit of a listing on a US stock exchange.
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
Clive Mostert, Corporate Communications
780-920-5044
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 use of proceeds from the Equity Financing, the receipt of regulatory
approvals with respect to the Equity Financing and the intention to pursue a listing on a US stock exchange.
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 connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among
others, that the Company will use the proceeds of the Equity Financing as currently anticipated; that the
Company will receive regulatory approval with respect to the Equity Financing; and that the Company will
be able to pursue a listing on a US stock exchange. 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 use the proceeds of the Equity Financing as currently anticipated; that the Company may
not receive regulatory approval with respect to the Equity Financing; the risk that the Company may not
have the resources, or may otherwise be unable to pursue a listing on a US stock exchange; 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.