Uranium and Vanadium Development
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Anfield Energy Amends Credit Facility with Extract
Globenewswire· 2026-01-30 02:30
Core Viewpoint - Anfield Energy Inc. has entered into an amending and consent agreement with Extract Advisors LLC to amend the terms of an existing credit facility and has received consent for the acquisition of B.R.S. Inc. [1][2] Group 1: Amending Agreement and Acquisition - The Amending Agreement allows Anfield to proceed with the acquisition of all issued and outstanding securities of B.R.S. Inc. [1] - Extract has consented to the acquisition as part of the agreement [1][2] Group 2: Issuance of Bonus Shares and Warrants - In exchange for the consent, Anfield will issue 50,000 bonus common shares and 500,000 bonus common share purchase warrants to Extract [2] - Each Bonus Warrant allows the holder to acquire one common share at an exercise price of C$12.50 until September 26, 2028 [2] - Proceeds from the exercise of the Bonus Warrants will be used to repay the principal amount of the Credit Facility [2] Group 3: Related Party Transactions - The transactions under the Amending Agreement are classified as "related party transactions" due to Extract being an insider of the Company [3] - The board of directors has determined that these transactions will be exempt from formal valuation and minority shareholder approval requirements [3] Group 4: Company Overview - Anfield is a uranium and vanadium development company aiming to become a top-tier energy-related fuels supplier [4] - The company is publicly traded on NASDAQ, TSXV, and Frankfurt Stock Exchange [4]
Anfield Energy Announces Closing of US$6,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent US$4,000,000 Non-Brokered Private Placement of Subscription Receipts
Globenewswire· 2026-01-13 12:00
Core Viewpoint - Anfield Energy Inc. has successfully closed a non-brokered private placement, raising a total of US$10,000,000 through two offerings, which will be used for various capital projects and general corporate purposes [1][2][4]. Group 1: Offering Details - The LIFE Offering involved the issuance of 1,345,292 common shares at a price of US$4.46 per share, generating gross proceeds of US$6,000,000 [1]. - A concurrent private placement of 896,861 subscription receipts was made to UEC Energy Corp., resulting in additional gross proceeds of US$4,000,000 [2]. - The total gross proceeds from both offerings amounted to US$10,000,000 [2]. Group 2: Subscription Receipts and Conditions - Each subscription receipt allows UEC to receive one common share upon meeting specific escrow release conditions by March 31, 2026 [3]. - The approval of the TSX Venture Exchange is required for UEC's participation, along with a special meeting of disinterested shareholders to approve UEC as a "Control Person" [3][5]. Group 3: Use of Proceeds - The net proceeds from the offerings will be allocated to fund capital commitments for 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 4: Related Party Transactions - UEC's participation in the Concurrent Offering and Mr. Corey Dias's participation in the LIFE Offering are classified as related party transactions under TSXV Policy 5.9 and MI 61-101 [5]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's value not exceeding 25% of the company's market capitalization [5]. Group 5: Securities Regulations - The LIFE Shares were offered to purchasers in Canada (excluding Quebec) and the United States under specific exemptions from registration requirements [6]. - The subscription receipts are subject to a hold period of four months and a day under Canadian securities laws [6].
Anfield Energy Announces Appointment of Lubica Niemann as Chief Financial Officer
Globenewswire· 2025-12-29 12:00
Core Points - Anfield Energy Inc. has appointed Lubica (Luba) Niemann as Chief Financial Officer, effective January 1, 2026, while the current CFO, Laara Shaffer, will continue as a Director [1] - Luba Niemann has 15 years of experience in accounting and financial reporting, primarily in the public company sector, and has held senior finance positions in several TSXV-listed companies [2] - CEO Corey Dias expressed confidence in Niemann's ability to ensure a smooth transition and highlighted her previous financial reporting support to Anfield, which is crucial for the company's expanding US operations and NASDAQ listing [3] Stock Options and RSUs - Anfield plans to grant 769,401 restricted share units (RSUs) and 560,572 incentive stock options to certain Directors, Officers, and Consultants, effective December 31, 2025 [3] - The RSUs will vest and settle in common shares after twelve months, contingent on the holder's continued involvement with the company [3] - The stock options are exercisable at a price of $6.90 until December 31, 2030, and will vest immediately upon grant [3] Company Overview - Anfield is a uranium and vanadium development company focused on becoming a top-tier energy-related fuels supplier through sustainable and efficient growth [4] - The company is publicly traded on NASDAQ, TSX-Venture Exchange, and Frankfurt Stock Exchange [4]
Anfield Energy Amends Previously Announced Private Placement: US$6,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent US$4,000,000 Non-Brokered Private Placement of Subscription Receipts
Globenewswire· 2025-12-24 21:56
Core Viewpoint - Anfield Energy Inc. has amended the terms of its non-brokered private placement, aiming to raise up to US$10,000,000 through the issuance of common shares and subscription receipts, with proceeds allocated for various projects and corporate purposes [1][2][4]. Group 1: Offering Details - The offering will consist of up to 1,345,292 common shares at a price of US$4.46 per share, generating gross proceeds of up to US$6,000,000 [1]. - Uranium Energy Corp. intends to subscribe for up to 896,861 subscription receipts at the same issue price, contributing an additional US$4,000,000 to the total offering [2]. - The total gross proceeds from the offering are expected to reach up to US$10,000,000 [2]. Group 2: Conditions and Approvals - Each subscription receipt will convert into one common share upon satisfaction of specific escrow release conditions by March 31, 2026 [3]. - The offering requires approval from the TSX Venture Exchange (TSXV) and the disinterested shareholders regarding Uranium Energy's participation as a "Control Person" [3][6]. - The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements due to the expected market capitalization impact being below 25% [6]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for capital commitments to the West Slope Project, Velvet-Wood Project, Slick Rock Project, and Shootaring Canyon Mill, along with general corporate purposes and working capital [4]. Group 4: Regulatory Compliance - The LIFE Shares will be offered to purchasers in Canada (excluding Quebec) and in the U.S. under available exemptions from registration requirements [7]. - The LIFE Shares issued to Canadian subscribers will not be subject to a hold period, while the subscription receipts will have a hold period of four months and a day [8].
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
Globenewswire· 2025-12-24 12:00
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].
Anfield Energy Announces Agreement to Acquire BRS Engineering, Bolstering In-House Technical Expertise for Uranium and Vanadium Projects
Globenewswire· 2025-12-18 12:00
Core Viewpoint - Anfield Energy Inc. has signed a definitive stock purchase agreement to acquire BRS Inc., enhancing its technical capabilities in uranium and vanadium production [1][3]. Acquisition Details - The acquisition involves Douglas L. Beahm, the Chief Operating Officer of Anfield, and is aimed at integrating BRS's expertise into Anfield [1][2]. - BRS has been a key engineering partner for Anfield since 2014, contributing to various technical reports and assessments for Anfield's projects [2]. - The total cash consideration for the acquisition is US$5,000,000, with payments structured over two years [6]. Strategic Benefits - The integration of BRS is expected to streamline project execution, reduce third-party costs, and accelerate uranium production [3][4]. - The acquisition aligns with Anfield's hub-and-spoke strategy centered on the Shootaring Canyon mill, positioning the company as a vertically integrated uranium developer in the U.S. [3]. - BRS will have opportunities to expand its consulting business and create new service lines, potentially leading to geographic expansion within the U.S. [4]. Operational Enhancements - The acquisition provides immediate access to specialized knowledge in uranium and vanadium, enhancing technical depth [7]. - It eliminates delays associated with external engineering consulting and reduces costs for future resource reports and permitting [7]. - The acquisition strengthens Anfield's internal engineering competence, facilitating the advancement of its conventional assets [7].
Former U.S. Congressman to Join Anfield Board
Globenewswire· 2025-09-23 11:00
Core Insights - Anfield Energy Inc. has appointed Jeff Duncan, a former U.S. House Representative, to its Board of Directors, which is expected to enhance the company's strategic alignment with U.S. energy policies [1][4] Group 1: Appointment and Background - Jeff Duncan served as a U.S. House Representative for South Carolina's 3rd District from 2010 to 2024, where he was instrumental in passing the Advance Act to promote a nuclear renaissance in the U.S. [1][4] - Prior to his congressional role, Duncan was a member of the South Carolina General Assembly from 2002 to 2010, and he chaired the House Agriculture, Natural Resources and Environmental Affairs Committee from 2007 to 2009 [3] Group 2: Committee Involvement - During his time in Congress, Duncan was a key member of several committees, including Energy and Commerce, Natural Resources, Homeland Security, and Foreign Affairs [2][6] - He also chaired various sub-committees, such as the Energy, Climate and Grid Security Sub-Committee, which aligns with Anfield's focus on energy development [2][6] Group 3: Strategic Implications for Anfield - The CEO of Anfield, Corey Dias, expressed that Duncan's extensive experience and relationships in Congress will provide valuable insights into government policies and energy goals, aiding the company's alignment with domestic energy initiatives [4] - Anfield aims to leverage Duncan's knowledge of congressional workings to enhance its production plans and contribute to the U.S. energy renaissance [4]
Former U.S. Congressman to Join Anfield Board
Globenewswire· 2025-09-23 11:00
Core Insights - Anfield Energy Inc. has appointed Jeff Duncan, a former U.S. House Representative, to its Board of Directors, enhancing the company's governance and strategic direction in the energy sector [1][4] Company Overview - Anfield Energy is focused on uranium and vanadium development, aiming to become a leading supplier of energy-related fuels through sustainable and efficient growth [5] Leadership and Expertise - Jeff Duncan's extensive experience in Congress, particularly in energy policy, is expected to align with Anfield's goals in contributing to the domestic energy renaissance [4] - Duncan's previous roles include significant committee memberships and chairmanships, which provide him with valuable insights into government policies and energy strategies [2][3] Strategic Alignment - The company believes that Duncan's knowledge of congressional operations and government departments will aid in navigating the regulatory landscape and aligning production plans with national energy goals [4]