Anfield Energy Announces Closing of Private Placement Financing
Head Office:
4390 Grange Street, Suite 2005
Burnaby, B.C. V5H 1P6
www.anfieldenergy.com
Office: 604.669.5762
Fax: 604.608.4804
TSX.V: AEC
OTCQB: ANLDF
FRANKFURT: 0AD
Anfield Energy Announces Closing of Private Placement Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
VANCOUVER, BRITISH COLUMBIA – July 10, 2023 — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF;
FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce that i t has closed its brokered
private placement in which it issued 81,820,000 units of the Company (“Units”) at a price of C$0.055 per
Unit (the “Offering Price”), for aggregate gross proceeds of C$4,500,100 (the “Offering”).
The Offering was conducted by a syndicate of agents led by Haywood Securities Inc., and including Red
Cloud Securities Inc. (collectively, the “Agents”). Management and directors of Anfield subscribed for an
aggregate of 9,080,000 Units representing $499,400 of the gross proceeds of the Offering.
Each Unit was comprised of one common share in the capital of the Company (a “Share”) plus one-half of
one Share purchase warrant (each whole such warrant, a “ Warrant”). Each Warrant entitles the holder
to purchase one additional Share (a “Warrant Share”) at an exercise price of C$0.085 until July 10, 2025.
In consideration for their services, the Agents received a cash commission of $255,024 , and were issued
an aggregate of 4,636,800 compensation options, with each compensation option entitling the holder to
purchase one common share of the Company at a price of $0.055 per share until July 10, 2025.
The Units were sold to purchasers pursuant to the listed issuer financing exemption (“ LIFE Exemption”)
under Part 5A of NI 45 -106. Other than Units issued to insiders of the Company, the Units will not be
subject to resale restrictions pursuant to applicable Canadian securities laws. All Units issued to insiders
of the Company are subject to restrictions on resale until November 11, 2023 in accordance with the
policies of the TSX Venture Exchange.
The net proceeds from the Offering will be used to fund the advancement of the Company’s uranium and
vanadium assets in the United States, and for general corporate purposes including the anticipated
acquisition of the Marquez-Juan Tafoya uranium project in New Mexico (as previously announced by the
Company on June 6, 2023).
The Offering included participation by certain directors of the Company in the aggregate amount of
9,080,000 Units. This participation by insiders of the Company constitutes a “related party transaction”
within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61 -101 – Protection
of Minority Security Holders in Special Transactions (“MI 61-101”). For their participation in the Offering,
the Company has relied upon the exemption from the formal valuation requirements contained in Section
5.5(a) of MI 61- 101 and has relied upon the exemption from the minority shareholder approval
requirements contained in Section 5.7(1)(a) of MI 61-101.
The securities offered pursuant to the Offering have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the “ U.S. Securities Act”) or any U.S. state securities laws, and may
not be offered or sold in the United States or to, or for the account or benefit of, United States persons
absent registration or any applicable exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities
in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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). Anfield is focused on its
conventional asset centre, as summarized below:
Arizona/Utah/Colorado – Shootaring Canyon Mill
A key asset in Anfield’s portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring
Canyon Mill is strategically located within one of the historically most prolific uranium production areas
in the United States, and is one of only three licensed uranium mills in the United States.
Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah,
Colorado, and Arizona, targeting areas where past uraniu m mining or prospecting occurred. Anfield’s
conventional uranium assets include the Velvet -Wood Project, the Slick Rock Project, the West Slope
Project, the Frank M Uranium Project, as well as the Findlay Tank breccia pipe. A combined NI 43-101 PEA
has been completed for the Velvet- Wood and Slick Rock Projects. The PEA is preliminary in nature, and
includes inferred mineral resources that are considered too speculative geologically to have economic
considerations applied to them that would enable them to be categorized as mineral reserves and,
resultantly, there is no certainty that the included preliminary economic assessment would be realized.
All conventional uranium assets are situated within a 200-mile radius of the Shootaring Mill.
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.
Clive Mostert
Corporate Communications
780-920-5044
www.anfieldenergy.com
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”. STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT
PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR ANY HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN
FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY
SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY,
FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR SIMILAR
STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT
LIMITED TO, STATEMENTS OR INFORMATION RELATED TO THE USE OF PROCEEDS FROM THE OFFERING, THE RISKS ASSOCIATED
WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY’S MOST RECENT ANNUAL AND
QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.
OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE
CAPITAL REQUIREMENTS AND THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT
ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY’S EXPLORATION EFFORTS WILL SUCCEED OR THE COMPANY
WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF
T
HIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO
UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN
THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS
WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO
REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS
CONTENTS.