ANFIELD ENERGY INC. SEC Filings

Anfield Energy Inc. reports that it has received blasting permits from the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives for its mines in Utah and Colorado. These ATF Permits allow the company to begin a drilling and blasting campaign at the Velvet-Wood project to access new mineralized material and mark a shift from surface work to active underground mining.

The Colorado permit positions Anfield to start mining at the JD-8 mine once remaining permits are completed, which the company expects later this year. Management states that Velvet-Wood is targeted to return to production by the end of 2026 as part of a hub-and-spoke strategy built around the fully permitted Shootaring Canyon Mill in Utah.

Anfield Energy Inc. reports that the Utah Division of Oil, Gas and Mining will host an informational tour of its Velvet-Wood uranium-vanadium project for about 20 Utah legislators on August 12, 2026. Lawmakers will review site activity, construction milestones, and the role of supportive state and federal policies.

The company highlights key regulatory steps behind the project’s momentum, including expedited federal permitting and state approval that allowed construction to begin in late 2025. Phase One surface work has been completed and Velvet-Wood has moved into Phase Two underground development and dewatering, with the project described as remaining on track for first production by the end of 2026 within Anfield’s hub-and-spoke strategy centered on the Shootaring Canyon Mill.

Anfield Energy reported strong first-half 2026 progress on its U.S. uranium-vanadium hub-and-spoke strategy centered on the fully permitted Shootaring Canyon Mill. An updated Preliminary Economic Assessment shows a pre-tax IRR of 106% and NPV of US$606 million (8% discount rate), and a post-tax IRR of 97% with NPV of US$533 million, with projected payback in 1.3 years on mine and mill capex and pre-production capex of about US$97 million.

The study outlines average annual production over a 15-year mine life of roughly 1.3 million pounds U₃O₈ and 6.4 million pounds V₂O₅, processed at Shootaring using ore from multiple Utah and Colorado mines and stockpiles. Phase One construction at Velvet-Wood is complete, with production targeted by the end of 2026 and mill production targeted for 2027. Anfield also completed the acquisition of BRS Engineering, advanced permitting on several projects, and highlighted increased ownership by major shareholder Uranium Energy Corp.

The company entered a three-month media services agreement with Goldwyn Media for US$200,000, subject to TSX Venture Exchange approval, to expand marketing and public awareness as it positions its U.S.-based assets within a supportive domestic critical minerals policy environment.

Anfield Energy Inc. has filed an updated preliminary economic assessment for its hub-and-spoke uranium and vanadium strategy centered on the Shootaring Canyon Mill. The PEA outlines a pre-tax internal rate of return of 106% and pre-tax net present value of US$606 million, based on uranium at US$100 per pound and vanadium at US$9 per pound, with a post-tax IRR of 97% and NPV of US$533 million.

The study estimates average annual production of about 1.3 million pounds of U3O8 and 6.4 million pounds of V2O5 over a 15-year mine life, using feed from Velvet-Wood, Slick Rock and six West Slope mines to supply the refurbished Shootaring mill at 1,000 tons per day. Initial pre-production capital is forecast at roughly US$97 million, with total life-of-mine capital of US$173 million. Anfield emphasizes that the PEA is preliminary, relies partly on inferred resources, and does not demonstrate economic viability.

Anfield Energy Inc. reported a key operational milestone as it received the first custom-built underground haul truck from Young’s Machine Company, stemming from its 2025 order for specialized mining equipment. The truck will initially operate at the Velvet-Wood uranium-vanadium mine in Utah before later relocation to Anfield’s Colorado mines.

Anfield also reached an agreement for Young’s to supply underground loaders to support initial development and production at its Velvet-Wood, JD-8 and Slick Rock projects as part of its hub-and-spoke production strategy. The company highlighted its focus on a robust U.S. supply chain for domestic uranium production and ongoing hiring for U.S. mining and milling roles.

Anfield Energy Inc. is sending Canadian-style proxy materials to support its July 10, 2026 annual general and special meeting. Shareholders will vote on electing nine directors, reappointing Dale Matheson Carr-Hilton LaBonte LLP as auditor, and re-approving Anfield’s omnibus equity-based Compensation Plan.

The circular describes detailed proxy voting mechanics for registered and beneficial holders in Canada and the U.S., an advance notice policy for nominating directors, and current board and committee composition. It outlines a 10% rolling limit for option grants and a separate 5% pool for other share-based awards (RSUs and DSUs), plus stringent insider and single‑holder caps.

The filing also discloses executive and director pay, with CEO, COO, chairman and subsidiary president compensation combining salary, bonuses, options and RSUs, and confirms no director has recent cease-trade orders, bankruptcies, or securities-related sanctions. Audit fees to the external auditor were $310,000 in 2025 versus $140,000 in 2024, with tax fees of $19,000 in each year.

Anfield Energy Inc. outlines progress toward restarting its Shootaring Canyon Uranium Mill in Utah. The company worked with Utah regulators on renewing its radioactive materials license and drilled 8 additional monitoring wells, a key step before resuming full operations.

Anfield has begun preparatory refurbishment under its existing license, including removing old leach tanks and advancing detailed engineering with PSE Engineering. It targets Shootaring reactivation and production in 2027, with mill upgrades planned for 1,000 tons per day of throughput.

The company is also building a temporary man camp on nearby company-owned land to house up to 40 workers, expected to be ready by year-end. Separately, Anfield entered a US$25,000 per month public-relations agreement with CORE IR, rising by an additional US$15,000 per month after four months for investor-relations services, and a C$8,500 per month market‑making agreement with Generation IACP Inc.

Anfield Energy Inc. reports that it has completed phase one surface construction at its Velvet-Wood uranium and vanadium project in Utah. This first phase included stripping and stockpiling approximately 4,500 cubic yards of topsoil, installing temporary office and power, improving nearly 3 miles of roads, rehabilitating about 1,500 feet of decline, and activating the mine ID with the U.S. Mine Safety and Health Administration.

The company will now move into Phase Two, focused on dewatering and rehabilitating existing underground workings and building the ore pad, which is expected to take about six months, with initial underground development activities targeted to begin within the next 30 days. A planned Phase Three will add permanent surface infrastructure, with Anfield intending to produce mined material while that work is completed. Anfield states it remains on track to return Velvet-Wood to production by the end of 2026, supporting its hub-and-spoke strategy centered on the Shootaring Canyon Mill.

Anfield Energy Inc. ownership disclosure: Extract Advisors LLC, Extract Capital Master Fund Ltd. and Darin Milmeister report beneficial ownership positions in the issuer. The filing lists Extract Advisors LLC with 1,275,271 shares (6.6%) and Extract Capital Master Fund Ltd. with 1,148,642 shares (6.0%), calculated using 18,184,976 shares outstanding as of March 31, 2026. The reported totals include shares that may be acquired through exercise of warrants within sixty (60) days, and the Reporting Persons disclaim beneficial ownership except to the extent of any pecuniary interest.