Anfield Provides Update on Acquisition of Additional DOE Leases in Colorado
Head Office:
4390 Grange Street, Suite 2005
Burnaby, B.C. V5H 1P6
www.anfieldenergy.com
Office: 604.669.5762
Fax: 604.608.4804
Anfield Provides Update on Acquisition of Additional DOE Leases in Colorado
VANCOUVER, British Columbia, April 2 , 2025 – Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF;
FRANKFURT: 0AD) (“ Anfield” or the “ Company”) announces that it is finalizing the acquisition (the
“Acquisition”) of twelve Department of Energy leases (the “DoE Leases”) located in various counties in
Colorado, along with any associated data. The Acquisition is being completed pursuant to an asset
transfer agreement (the “Transfer Agreement”) previously entered into by Highbury Resources, Inc., a
wholly-owned subsidiary of the Company, and Gold Eagle Mining Inc. and Golden Eagle Uranium LLC
(collectively, the “Vendors”), and which was subsequently amended.
Pursuant to the amended Transfer Agreement, the Company ’s consideration for the Acquisition
consists of the following share issuance and payments:
• US$400,000 in cash (paid), and 12,729,464 common shares (the “ Consideration Shares”) of
the Company, the Consideration Shares represent ing a value of US$1,250,000 based upon a
deemed price of C$0.14 per Consideration Share and a deemed exchange rate of US$1.00 to
C$1.4257;
• US$750,000 in cash at the one -year anniversary of closing, with an option to extend by two
subsequent ninety-day periods;
• US$1,000,000 in cash at the two-year anniversary of closing;
• US$1,000,000 in cash at the three-year anniversary of closing; and
• US$1,500,000 in cash at the four-year anniversary of closing.
As stated in the Company’s news release of January 3, 2024, the acquisition meets Anfield’s strategic
objective of securing additional uranium and vanadium prospects as the Company prepares for an
increase in production capacity throughput at Shootaring to 1,000 tons per day from 750 tons per day
as part of its mill restart plan. Crucially, it provides Anfield with control over 21 of the 31 DOE leases in
existence in Colorado, further strengthening the Company’s long-term strategic production position in
the State.
For further information concerning the DoE Leases, readers are encouraged to review the news release
issued by the Company on January 3, 2024.
The Company is at arms-length from the Vendors. Completion of the Acquisition, and the issuance of
the Consideration Shares, remains subject to the approval of the TSX Venture Exchange. Following
issuance, the Consideration Shares will be subject to stat utory restrictions on resale for a period of
four-months-and-one-day in accordance with applicable securities laws. No finders’ fees or
commissions are payable by the Company in connection with the Acquisition.
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).
On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer
Contact:
Anfield Energy Inc.
Corey Dias, Chief Executive Officer
Corporate Communications
604-699-5762
www.anfieldenergy.com
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 news
release. No securities regulatory authority has either approved or disapproved of the contents of this news
release.
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian
securities legislation. “Forward-looking information” includes, but is not limited to, statements with
respect to the activities, events or developments that the Company expects or anticipates will or may
occur in the future, including the anticipated completion of the Consolidation and the pursuit of a listing
on a US stock exchange.
Generally, but not always, forward-looking information and statements can be identified by the use of
words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and
phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”,
“occur” or “be achieved” or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among
others, that the Company will receive shareholder approval for the Consolidation; that the Company will
receive regulatory approval for the Consolidation; and that the Company will be able to pursue a listing
on a US stock exchange. Although the assumptions made by the Company in providing forward-looking
information or making forward-looking statements are considered reasonable by management at the
time, there can be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. Important factors that could
cause actual results to differ materially from the Company’s plans or expectations include the risk that the
Company may not use the proceeds of the Equity Financing as currently anticipated; that the Company
may not receive regulatory approval with respect to the Equity Financing; the risk that the Company may
not have the resources, or may otherwise be unable to pursue a listing on a US stock exchange ; risks
relating to the actual results of the Company’s operational activities, fluctuating commodity prices,
availability of capital and financing, general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks detailed herein and from time to time in
the filings made by the Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information or implied by forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking information and statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated, estimated or i ntended.
Accordingly, readers should not place undue reliance on forward-looking statements or information.
The Company expressly disclaims any intention or obligation to update or revise any forward- looking
statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation. We seek safe harbor.