Anfield Energy Closes Acquisition of BRS Inc., Bolstering In-House Technical Expertise for Uranium and Vanadium Projects
Anfield Energy Closes Acquisition of BRS Inc.,
Bolstering In-House Technical Expertise for Uranium and Vanadium Projects
VANCOUVER, British Columbia – GLOBE NEWSWIRE – May 8, 2026 — Anfield Energy Inc.
(TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to
announce that it has closed its previously announced acquisition of BRS Inc. (“BRS”) (see news
release dated December 18, 2025), a leading uranium-focused engineering and geology
consulting firm based in Wyoming, through a definitive stock purchase agreement, as amended,
with Douglas L. Beahm, P .E., P .G., the Chief Operating Officer of the Company (the
“Acquisition”). The Acquisition integrates BRS’s renowned expertise directly into Anfield,
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 National Instrument 43-
101 – Standards of Disclosure for Mineral Projects (“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. The 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.
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. In connection with closing, the Company paid
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 were issued in connection with closing of the Acquisition, nor
were any finders’ fee paid to any third-party.
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 “TSXV”), 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 exemptions contained in sections 5.5(a) and 5.7(1)(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.
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
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 NASDAQ (AEC-Q), the TSXV (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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) 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
This news release contains forward-looking statements and forward-looking information
(together, “forward-looking statements”) within the meaning of applicable Canadian securities
laws. All statements, other than statements of historical facts, are forward-looking statements.
Generally, forward-looking statements can be identified by the use of terminology such as
“plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or
statements that certain actions, events or results “may ”, “could”, “would”, “might ”, “occur” or
“be achieved”. Forward-looking statements in this release include, but are not limited to,
statements regarding the Acquisition, including, without limitation, the anticipated benefits
therefrom and the integration of BRS into Anfield’s operations; and the completion of cash
payments in consideration for the Acquisition. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results, performance and opportunities
to differ materially from those implied by such forward looking statements. Factors that could
cause actual results to differ materially from these forward-looking statements include, among
other things: risks that the Company may not be able to realize the benefits from the acquisition
of BRS as contemplated, or at all; risks that the Company may not be able to complete all
payments in consideration for the Acquisition; the risks and uncertainties relating to exploration
and development; the ability of the Company to obtain additional financing; the need to comply
with environmental and governmental regulations in Canada and the United States; fluctuations
in the prices of commodities; operating hazards and risks; competition and other risks and
uncertainties and other such factors as are set forth in the annual information form for the
Company’s most recently completed year end, as well as the management discussion and
analysis and other disclosures of risk factors for the Company, filed on SEDAR+ at
www.sedarplus.ca. Although the Company believes that the information and assumptions used
in preparing the forward-looking statements are reasonable, undue reliance should not be
placed on these statements, which only apply as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed time frames or at all. Except
where required by applicable law, the Company disclaims any intention or obligation to update
or revise any forward looking statement, whether as a result of new information, future events
or otherwise.