Anfield Energy Welcomes U.S. Designation of Uranium as Critical Mineral, Unlocking Funding and Accelerated Development for Domestic Projects

Anfield Energy Welcomes U.S. Designation of Uranium as Critical Mineral,

Unlocking Funding and Accelerated Development for Domestic Projects

VANCOUVER, British Columbia – GLOBE NEWSWIRE - November 10, 2025 — Anfield Energy Inc.

(TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”), applauds the U.S.

Geological Survey’s (USGS) finalization of the 2025 List of Critical Minerals, which reinstates

uranium as a critical mineral essential for national security, energy independence, and economic

resilience.

This landmark decision, announced on November 6, 2025, and aligned with Executive Order

14154 (“Unleashing American Energy”), expands the list from 50 to 60 minerals and recognizes

uranium’s vital role in powering commercial nuclear reactors, fueling U.S. Navy submarines, and

supporting defense applications. As the United States imports over 95% of its uranium—much of

it from foreign adversaries —the designation addresses a critical supply chain vulnerability and

positions domestic sources like Anfield to lead the nuclear renaissance.

The timing of this addition could not be more auspicious, coinciding with Anfield’s successful

groundbreaking ceremony at the Velvet -Wood Uranium -Vanadium Mine in San Juan County,

Utah, held on November 6, 2025. Attended by key stakeholders and featuring the symbolic first

dig, the event marked the official launch of construction activities —including mine reopening,

dewatering, and development—following expedited federal and state approvals. This milestone,

just weeks after Utah’s final construction permit approval, sets the stage for potential first

production in 2026 and underscores the alignment between policy advancements and on -the-

ground progress in revitalizing America’s domestic uranium supply chain.

“This is a transformative moment for both American energy security and Anfield,” said Corey

Dias, Anfield CEO. “With uranium now officially classified as a critical mineral, our advanced-stage

projects located in both Utah and Colorado potentially stand to benefit from expedited

permitting, targeted federal investments, and enhanced market access. We’ve now broken

ground at our Velvet -Wood mine, and this policy shift will supercharge our path to near -term

production, delivering clean, reliable nuclear fuel to the grid while reducing reliance on overseas

suppliers.”

Jeff Duncan, Anfield Director and former U.S. Representative (R -SC), added: “As someone who

championed energy independence and nuclear power during my time in Congress, I’m proud to

see this Administration take decisive action to secure America’s uranium s upply. Designating

uranium as a critical mineral is a national security imperative —it powers our reactors,

strengthens our defense, and creates high- paying American jobs. Anfield is at the forefront of

this effort, and with federal support now aligned behi nd domestic production, we’re poised to

bring critical assets online faster than ever.”

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

Key Benefits to Anfield Energy

The critical minerals designation unlocks a suite of federal incentives and streamlined processes

under the Energy Act of 2020, Bipartisan Infrastructure Law, and Inflation Reduction Act, directly

supporting Anfield’s hub-and-spoke model centered on its Shootaring Canyon Mill—one of only

three conventional uranium mills located in the U.S. Specific advantages include:

• Accelerated Permitting and Project Advancement: Anfield’s flagship Velvet-Wood

Uranium-Vanadium Mine in southeastern Utah, approved for fast- tracked

development earlier this year, and having just completed its groundbreaking on

November 6, 2025. The designation prioritizes uranium projects for reduced

regulatory timelines, enabling construction and production to commence in 2026 —

potentially ahead of schedule—and facilitating restarts at nearby assets like Slick Rock

and the JD-8 Mine, both located in Colorado.

• Access to Federal Funding and Investments: Eligibility for billions in grants, loans,

and tax credits through programs like the Defense Production Act and Industrial Base

Analysis and Sustainment Program. This includes support for mine development,

processing infrastructure, and resource recovery, bolstering Anfield’s existing

resources at Velvet-Wood alone.

• Enhanced Economic and Market Competitiveness: Tax incentives for domestic

processing and potential Section 232 tariffs on imports will level the playing field

against foreign competitors. With vanadium already a critical mineral, Anfield’s dual-

commodity projects offer diversified revenue streams, inc luding premiums for

strategic materials used in aerospace and defense alloys.

• Strategic Positioning for National Goals: Anfield’s 20+ uranium assets across the

Western U.S. align with the push for onshoring supply chains, supporting carbon-free

nuclear power to meet rising electricity demands from AI data centers and

electrification. By leveraging existing infrastructure an d low -impact underground

mining, the Company minimizes environmental footprints while maximizing

contributions to energy security.

Anfield is uniquely positioned as one of the few U.S. -focused uranium developers with a

permitted mill, enabling a “hub -and-spoke” strategy to process materials from multiple nearby

mines efficiently. This designation not only de-risks our operations but also attracts both private

and public capital to scale production rapidly.

Velvet-Wood Uranium-Vanadium Mine Production Decision

The Company notes that its decision to advance development of the Velvet-Wood Uranium -

Vanadium Mine is not based on a feasibility study of mineral reserves demonstrating economic

and technical viability. As a result, there is additional uncertainty and risk related to the

economics and viability of development.

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

Safe Harbor Statement

THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS” and “FORWARD-LOOKING

INFORMATION” WITHIN THE MEANING OF APPLICALE SECURITIES LEGISLATION (COLLECTIVELY,

“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. FORWARD-LOOKING

STATEMENTS IN THIS PRESS RELEASE INCLUDE, WITHOUT LIMITATION, STATEMENTS RELATING TO

THE DEVELOPMENT OF THE VELVET-WOOD URANIUM-VANADIUM MINE.

EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS

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AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY

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