Monitoring wells advance Anfield Energy (AEC) Shootaring Mill and Slick Rock projects

Rhea-AI Filing Summary

Anfield Energy Inc. filed an update describing the completion of monitoring well drilling at its Shootaring Canyon Mill in Utah and Slick Rock Mine Complex in Colorado. These wells are intended to provide baseline groundwater data, support licensing, and enable ongoing environmental monitoring before and during potential production.

The company drilled eight monitoring wells at Shootaring Canyon Mill near proposed process ponds and the tailings facility, and three wells at Slick Rock for aquifer sampling and hydrologic characterization. Management links these steps to its hub-and-spoke uranium and vanadium strategy centered on Shootaring, and to a goal of returning two mines to production each year.

Anfield notes that decisions to advance projects such as Velvet-Wood, Slick Rock and West Slope are not based on feasibility studies of mineral reserves, which increases uncertainty around economics and technical viability. The release references a recent preliminary economic assessment with a mine and mill capex payback period of 1.3 years and outlines current uranium and vanadium mineral resource estimates at Slick Rock.

Key Figures

Shootaring monitoring wells: 8 wells Slick Rock monitoring wells: 3 wells Capex payback period: 1.3 years +4 more

7 metrics

Shootaring monitoring wells 8 wells New monitoring wells drilled at Shootaring Canyon Mill in Utah

Slick Rock monitoring wells 3 wells Monitoring wells completed at Slick Rock Mine Complex in Colorado

Capex payback period 1.3 years Mine and mill capex payback from updated preliminary economic assessment

Indicated uranium resource 0.8 million pounds eU3O8 Indicated mineral resource at Slick Rock at 0.16% eU3O8

Inferred uranium resource 9.1 million pounds U3O8 Inferred mineral resource at Slick Rock at 0.20% U3O8

Inferred tonnage 2.25 million tons Inferred mineral resource tonnage at Slick Rock Mine Complex

Vanadium-to-uranium ratio 6 to 1 Vanadium-to-uranium ratio in Slick Rock inferred mineral resource

Key Terms

monitoring well, hub-and-spoke strategy, preliminary economic assessment, National Instrument 43-101, +2 more

6 terms

monitoring well technical

"successful completion of monitoring well drilling programs at its Shootaring Canyon Mill"

A monitoring well is a purposely drilled hole that lets scientists and regulators sample groundwater to check for pollution, chemical changes, or cleanup progress; think of it as a tap used to test the health of an underground water supply. For investors, the presence and results of monitoring wells matter because they reveal environmental liabilities, compliance status, and potential cleanup costs that can affect property values, regulatory fines, and a company’s financial outlook.

hub-and-spoke strategy financial

"as we execute our hub-and-spoke strategy. The Shootaring Canyon Mill is well advanced"

preliminary economic assessment financial

"news release of May 4 regarding Anfield’s updated PEA, with its favourable economics"

A preliminary economic assessment is an initial analysis that estimates the potential profitability and feasibility of a project or resource, such as a new mineral deposit or development venture. It provides a rough idea of costs, benefits, and risks, helping investors decide whether to pursue more detailed studies. This early evaluation is important because it offers a snapshot of whether the project is worth further investment and development.

National Instrument 43-101 regulatory

"qualified person as defined by National Instrument 43-101 - Standards of Disclosure"

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

indicated mineral resource financial

"0.8 million pounds of eU3O8, at a grade of 0.16% eU3O8 (indicated mineral resource)"

A quantified portion of a mineral deposit where geological evidence and sampling give a reasonable level of confidence in the quantity, grade and continuity of the minerals — think of it as a well-marked stretch on a treasure map rather than a vague hunch. It matters to investors because it provides a credible estimate that can be used for preliminary economic studies and valuation, reducing uncertainty compared with less-certain resource categories.

inferred mineral resource financial

"2.25 million tons containing 9.1 million pounds at a grade of 0.20% U3O8 (inferred mineral resource)"

An inferred mineral resource is an early-stage estimate of the amount and grade of minerals in the ground based on limited sampling and geological evidence; think of it as a rough sketch of where valuable material might be, rather than a detailed blueprint. It matters to investors because it signals potential upside but carries high uncertainty—further drilling and study are needed before it can support mine planning or reliable economic forecasts.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 001-42808

Anfield Energy Inc.
(Translation of registrant's name into English)

2005-4390 Grange Street, Burnaby, British Columbia, Canada, V5H 1P6
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Anfield Energy Inc.
		(Registrant)
Date: May 13, 2026		/s/ Corey Dias
		Corey Dias
		Chief Executive Officer

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press Release dated May 13, 2026

EXHIBIT 99.1

Anfield Energy Completes Drilling of Monitoring Wells at Shootaring Canyon Mill and Slick Rock Mine Complex

VANCOUVER, British Columbia, May 13, 2026 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (NASDAQ: AEC; TSX.V: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce the successful completion of monitoring well drilling programs at its Shootaring Canyon Mill in Utah and its Slick Rock Mine Complex in Colorado. This announcement follows the news release of May 4 regarding Anfield’s updated PEA, with its favourable economics and expected mine and mill capex payback period of 1.3 years.

At the Shootaring Canyon Mill, the Company has drilled eight new monitoring wells. These wells were strategically spaced near proposed process ponds and the tailings management facility to deliver additional baseline groundwater data in advance of operations. The new wells will also serve as ongoing monitoring points facilitating the Shootaring Canyon Mill restart by supporting robust environmental oversight prior, during, and post operations.

At the Slick Rock Mine Complex — Anfield’s largest uranium mineral resource estimate¹ in Colorado and the project expected to become the Company’s largest producing mine in the state — three monitoring wells were completed. These wells will facilitate aquifer sampling, and hydrologic characterization prior to the commencement of planned future production activities and will provide essential monitoring data once production begins.

“These monitoring well programs represent important milestones in the advancement of both the Shootaring Canyon Mill and the Slick Rock project toward production,” stated Corey Dias, CEO of Anfield. “Anfield has set a clear goal of returning two mines to production each year as we execute our hub-and-spoke strategy. The Shootaring Canyon Mill is well advanced in the renewal of its radioactive materials license with the State of Utah, Velvet-Wood is fully permitted and under construction, JD-8 is in permitting and near turnkey status, and we are now turning our focus to both Slick Rock and JD-7.

“The Company’s growth over the past 12 months has been unmatched in the industry, and there has never been a more exciting time in Anfield’s history. By proactively investing in comprehensive environmental data collection, Anfield is demonstrating its commitment to responsible mineral resource development. We take our responsibility as stewards of public lands very seriously and remain focused on balancing mineral extraction with strong environmental protection for the benefit of all stakeholders.”

The completion of these wells advances key licensing and operational readiness initiatives for Anfield’s hub-and-spoke uranium and vanadium strategy, centered on the Shootaring Canyon Mill as the central processing facility.

Mine Production Decision

The Company notes that its decision to advance development of its uranium and vanadium portfolio, including the Velvet-Wood uranium - vanadium project, the Slick Rock Mine Complex and the West Slope project, 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.

Douglas L. Beahm, P.E., P.G., is the Company’s qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed, verified and approved the scientific and technical information contained in this news release. Mr. Beahm is not independent of the Company, as he is the Company’s Chief Operating Officer.

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 NASDAQ (AEC-Q), the TSXV (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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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

This news release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements in this release include, but are not limited to, statements regarding the completion monitoring well drilling programs at its Shootaring Canyon Mill and its Slick Rock Mine Complex, including, without limitation, the anticipated benefits therefrom; the Company’s expectations that the Slick Rock Mine Complex will become the Company’s largest producing mine in Colorado; the Company’s plans on advancing conventional uranium and vanadium portfolio to production; the Company’s plans and operations, including, without limitation, the Company’s goal of returning two mines to production each year as it execute its hub-and-spoke strategy; and statements regarding the Company’s hub-and-spoke uranium and vanadium strategy, centered on the Shootaring Canyon Mill as the central processing facility. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among other things: risks that the Company may not be able to realize the benefits from the completed well drilling programs at Shootaring Canyon Mill and the Slick Rock Mine Complex as contemplated, or at all; risks that the Slick Rock Mine Complex may not become the Company’s largest producing mine in Colorado as contemplated, or at all; risk that the Company may not be able to execute its plans, operations and strategies, including, without, limitation, the plans to advance the Company’s conventional uranium and vanadium portfolio to production and the Company’s goal of returning two mines to production each year as it execute its hub-and-spoke strategy, as contemplated or at all; mining operations risks, including without limitation, the decisions to advance development of the Company’s uranium and vanadium portfolio are not based on feasibility studies of mineral reserves demonstrating economic and technical viability; the risks and uncertainties relating to exploration and development; the ability of the Company to obtain additional financing; the need to comply with environmental and governmental regulations in Canada and the United States; fluctuations in the prices of commodities; operating hazards and risks; competition and other risks and uncertainties and other such factors as are set forth in the annual information form for the Company’s most recently completed year end, as well as the management discussion and analysis and other disclosures of risk factors for the Company, filed on SEDAR+ at www.sedarplus.ca. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

_____________________________
¹ Current estimates of 0.8 million pounds of eU3O8, at a grade of 0.16% eU3O8 (indicated mineral resource) and 2.25 million tons containing 9.1 million pounds at a grade of 0.20% U3O8 (inferred mineral resource) with a vanadium-to-uranium-ratio of 6 to 1 (see the Company’s news release dated May 4, 2026).

FAQ

What did Anfield Energy (AEC) announce about the Shootaring Canyon Mill?

Anfield Energy completed drilling eight new monitoring wells at the Shootaring Canyon Mill in Utah. These wells are positioned near process ponds and the tailings management facility to provide baseline groundwater data and support environmental oversight before, during, and after any future mill operations.

What progress did Anfield Energy (AEC) report at the Slick Rock Mine Complex?

Anfield completed three monitoring wells at the Slick Rock Mine Complex in Colorado. These wells will be used for aquifer sampling and hydrologic characterization before planned production and will provide essential monitoring data once uranium and vanadium production activities begin at the site.

How does the monitoring well program support Anfield Energy’s hub-and-spoke strategy?

The wells at Shootaring and Slick Rock support licensing and operational readiness for Anfield’s hub-and-spoke uranium and vanadium strategy. This strategy centers processing at the Shootaring Canyon Mill while supplying ore from multiple mines that the company intends to return to production over time.

What risks did Anfield Energy (AEC) highlight about advancing its uranium and vanadium projects?

Anfield stated that decisions to advance projects like Velvet-Wood, Slick Rock and West Slope are not based on feasibility studies of mineral reserves. Without such studies, there is added uncertainty and risk regarding economic viability, technical feasibility, and the ultimate success of planned development activities.

What resource estimates did Anfield Energy disclose for the Slick Rock Mine Complex?

Anfield cited current estimates of 0.8 million pounds of eU3O8 at 0.16% eU3O8 indicated, and 9.1 million pounds U3O8 at 0.20% U3O8 inferred. The Slick Rock resource also has a vanadium-to-uranium ratio of 6 to 1, supporting its role in the company’s portfolio.

Who is Anfield Energy’s qualified person for this technical disclosure?

Douglas L. Beahm, P.E., P.G., serves as Anfield Energy’s qualified person under National Instrument 43-101. He reviewed, verified, and approved the scientific and technical information, and he is also the company’s Chief Operating Officer, meaning he is not considered independent under the instrument.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE 9.5 KB