Anfield Energy Announces $7,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent $7,000,000 Non-Brokered Private Placement of Subscription Receipts

Core Viewpoint - Anfield Energy Inc. is conducting a non-brokered private placement offering of up to 1,120,000 common shares at a price of $6.25 per share, aiming for gross proceeds of up to $7,000,000, with a concurrent offering from Uranium Energy Corp. expected to double the total gross proceeds to $14,000,000 [1][2]. Group 1: Offering Details - The LIFE Shares will be issued under the listed issuer financing exemption, allowing for a streamlined process without a prospectus [1]. - Uranium Energy intends to subscribe for the same number of shares in a concurrent offering, which will also generate up to $7,000,000 in gross proceeds [2]. - Each subscription receipt from Uranium Energy will convert into one common share upon meeting specific escrow release conditions by March 31, 2026 [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund capital commitments for various projects, including the West Slope Project, Velvet-Wood Project, Slick Rock Project, and Shootaring Canyon Mill, as well as for general corporate purposes and working capital [4]. Group 3: Closing and Regulatory Approvals - The offering is expected to close around December 31, 2025, subject to customary closing conditions and necessary approvals from the TSX Venture Exchange and NASDAQ [5]. - Uranium Energy's participation is classified as a related party transaction, requiring approval from disinterested shareholders, excluding votes from Uranium Energy and its associates [6]. Group 4: Securities Regulations - The LIFE Shares will be offered to Canadian residents in all provinces except Quebec, and to U.S. investors under available exemptions from registration requirements [7]. - The LIFE Shares issued to Canadian subscribers will not have a hold period, while the subscription receipts will be subject to a four-month hold period [8].