Anfield Energy Closes Final Tranche of Private Placement
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 Closes Final Tranche of Private Placement
VANCOUVER, BRITISH COLUMBIA – Globe Newswire – March 7, 2022 — Anfield Energy Inc. (TSX.V: AEC;
OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce that it has
closed the final tranche of its non -brokered private placement. The final tranche, consisting of
71,920,520 units (each, a “Unit”) at a price of $0.085 per Unit, raised gross proceeds of $6,116,644. Each
Unit consists of one common share and one share purchase warrant (each, a “ Warrant”), with each
Warrant entitling the holder to purchase an additional common s hare at a price of $0.13 until March 7,
2024. Red Cloud Securities Inc. acted as a finder with respect to the private placement.
In connection with completion of the final tranche of the private placement, the Company has paid
$361,899 and issued 4,245,631 Warrants to certain arms’-length parties who have assisted the Company
by introducing subscribers to the placement. All securities issued in connection with completion o f the
final tranche of the private placement are subject to a statutory hold period ending July 8, 2022.
The proceeds from the private placement will be used for property -related costs and development, and
general working capital.
The final tranche of the private placement included participation by one member of management of the
Company in the aggregate amount of 300,000 Units. This participation 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 issuance of Units is exempt from the formal
valuation and minority shareholder approval requirements of MI 61 -101 as it was a distribution of
securities for cash, and the fair market value of the Units issued to and the aggregate consideration paid
did not exceed twenty-five percent of the Company’s market capitalization.
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 also a precious metals development company. 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 two asset centres, 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 uranium mining or prospecting occurred. Anfield’s
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
conventional uranium assets i nclude the Velvet -Wood Project, the Frank M Uranium Project, the West
Slope Project as well as the Findlay Tank breccia pipe. An NI 43 -101 Preliminary Economic Assessment
has been completed for the Velvet -Wood Project. The PEA is preliminary in nature, an d 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 there
is no certainty that the preliminary economic ass essment would be realized. All conventional uranium
assets are situated within a 200-mile radius of the Shootaring Mill.
Wyoming – Resin Capture and Processing Agreement
Anfield has signed a Resin Capture and Processing Agreement with Uranium One whereby Anfield would
process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing
plant in Wyoming.
The Charlie Project, Anfield’s flagship uranium project, is located in the Pumpkin Buttes Uranium District
in Johnson County, Wyoming. The Charlie Project consists of a 720-acre Wyoming State uranium lease
which has been in development since 1969. A Preliminary Economic Assessment has been completed for
the Charlie Project.
Anfield’s 24 remaining ISR mining projects are located in the Black Hills, Powder River Basin, Great
Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming. Anfield’s three
projects in Wyoming for which NI 43-101 resource reports have been completed are Red Rim, Nine Mile
Lake and Clarkson Hill.
On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer
Neither 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 THE 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, 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 SEEKING THE CAPITAL NECESSARY
TO COMPLETE THE PROPOSED TRANSACTION, 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 WILL BE ABLE TO COMPLETE THE PROPOSED TRANSACTION,
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 THIS 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.