Anfield Energy Announces Agreement to Acquire BRS Engineering, Bolstering In- House Technical Expertise for Uranium and Vanadium Projects
Anfield Energy Announces Agreement to Acquire BRS Engineering, Bolstering In-
House Technical Expertise for Uranium and Vanadium Projects
VANCOUVER, British Columbia – GLOBE NEWSWIRE - December 18, 2025 — Anfield Energy Inc.
(TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to
announce that it has signed a definitive stock purchase agreement with Douglas L. Beahm, P .E.,
P.G ., the Chief Operating Officer of the Company, to acquire (the “Acquisition”) BRS Inc. (“BRS”),
a leading uranium- focused engineering , mine development, construction management and
geology consulting firm based in Wyoming. The Acquisition is intended to integrate BRS’s
renowned expertise directly into Anfie ld, significantly enhancing the Company’s technical
capabilities as it advances toward near-term uranium and vanadium production.
BRS, founded and led by Douglas L. Beahm, a Qualified Person under NI 43-101 with over 50 years
of experience in uranium exploration, mine development, ISR operations, and resource
estimation – has been a key engineering partner to Anfield since 2014. BRS has authored
numerous technical reports, Preliminary Economic Assessments (PEAs), and resource updates for
Anfield’s assets, including the Slick Rock Project, the West Slope Projects, the Velvet-Wood Mine,
and others. This acquisition brings Mr. Beahm and the BRS team in-house, with Mr. Beahm firmly
committed to serving the Company in the Chief Operating Officer role while continuing to serve
as principal engineer.
Corey Dias, CEO of Anfield, commented: “The integration of BRS represents a transformative step
for Anfield. For years, BRS has been instrumental in validating and advancing our portfolio through
independent technical engineering work. By bringing this world-class expertise fully in-house, we
streamline project execution, reduce third -party costs, and accelerate our path to uranium
production. This move aligns perfectly with our hub -and-spoke strategy centered on the
Shootaring Canyon mill and positions Anfield as one of the most vertically integrated uranium
developers in the United States.
Further, this acquisition provides BRS with an opportunity to expand its external engineering
consulting business offering with the support of a publicly -traded company. Moreover, the
combination could potentially create new service lines – turnkey develop ment options for
potential toll-mill partners, for example – alongside geographic expansion within the U.S. Finally,
the potential identification and development of internal candidates to ultimately lead our mine
and mill teams post-restart could lead to easier transition to commercial operations.”
Key Benefits of the Acquisition:
ENERGY INC.
ANFIELD
www.anfieldenergy.com
Office: 604-669-5762
Fax: 604-608-4804
TSX.V : AEC
NASDAQ : AEC
Frankfurt : 0AD
Head Office:
4390 Grange Street,
Suite 2005,
Burnaby, B.C. V5H 1P6
• Enhanced Technical Depth: Immediate access to decades of specialized , U.S.-based uranium
and vanadium knowledge, including ISR, conventional mining, and mill reactivation and
operational expertise.
• Cost and Timeline Efficiencies: Eliminates external engineering consulting delays and reduces
expenses for future resource reports, PEAs, and permitting and licensing support.
• Strategic Alignment: Strengthens Anfield’s internal engineering competence to facilitate the
advancement of its conventional assets while supporting ongoing mill restart efforts at Shootaring
Canyon.
• Expansion opportunities: The ability to more quickly identify projects which fit into Anfield’s
portfolio, providing the Company with a potentially quicker path to resource expansion.
Douglas L. Beahm, Chief Operating Officer of Anfield, added: “Joining Anfield full-time will allow
us at BRS to apply our proven track record directly to one of the most promising uranium
portfolios in the U.S. We are excited to facilitate faster resource upgrades, optimized mine plans,
and seamless permitting – all critical as domestic uranium demand surges.”
In consideration for the Acquisition of BRS, the Company is required to complete a series of cash
payments to Mr. Beahm totaling US$5,000,000. On closing, the Company will pay to Mr. Beahm
US$1,500,000, with a further US$1,500,000 payable on the first anniversary of closing and a
further US$2,000,000 on the second anniversary of closing.
No securities of the Company are issuable in connection with closing of the Acquisition, nor is any
finders’ fee payable to any third -party. Completion of the Acquisition remains subject to a
number of conditions, including receipt of any required regulat ory approvals and satisfaction of
customary closing deliverables. The Acquisition cannot be completed until these conditions are
satisfied.
As Mr. Beahm is an officer of the Company, and a “non-arms length party”, within the meaning of
the policies of the TSX Venture Exchange, the Acquisition constitutes a “related party transaction”
within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in
Special Transactions (“MI 61-101”). The Acquisition is exempt from the valuation requirement
and the minority shareholder approval requirements of MI 61 -101 by virtue of the exemption s
contained in section s 5.5(a) and 5.7(a) of MI 61 -101, in that the fair market value of the
Acquisition, and the consideration being offered by the Company, does not exceed twenty -five
percent of the Company’s market capitalization
About Anfield
Anfield is a uranium and vanadium development 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 NASD AQ (AEC-Q), the TSX-Venture
Exchange (AEC-V) and the Frankfurt Stock Exchange (0AD).
On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer
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 release.
Contact:
Anfield Energy, Inc.
Corporate Communications
604-669-5762
contact@anfieldenergy.com
www.anfieldenergy.com
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