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Anfield Energy (NASDAQ: AEC) issues bonus shares, warrants for consent

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Anfield Energy Inc. has further amended its credit facility with Extract Advisors LLC. In exchange for Extract’s consent to Anfield’s planned acquisition of B.R.S. Inc., the company agreed to issue 50,000 bonus common shares and 180,085 bonus common share purchase warrants.

Each bonus warrant allows Extract to buy one common share at C$8.11 until September 26, 2028, and any warrant exercise proceeds must be used to repay the credit facility principal. The issuance of these securities, and therefore the effectiveness of the consent, remains subject to TSX Venture Exchange approval.

Positive

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Negative

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Insights

Anfield trades modest equity incentives for lender consent on an acquisition.

Anfield Energy is adjusting its financing terms to support the planned acquisition of B.R.S. Inc. The company will grant 50,000 bonus shares and 180,085 bonus warrants at an exercise price of C$8.11, extending to September 26, 2028, to its credit facility agent, Extract Advisors.

These bonus securities compensate Extract for consenting to the acquisition under the existing credit facility. Structuring the warrants so that exercise proceeds must repay credit principal links potential equity dilution to debt reduction, aligning incentives between equity and debt holders.

The arrangement still depends on TSX Venture Exchange approval of the bonus shares and warrants. The acquisition of B.R.S. Inc. and the credit facility changes will only advance as contemplated if this approval and other stated conditions are satisfied, so subsequent company disclosures will clarify final terms and timing.

Bonus common shares 50,000 shares Consideration to Extract for consent under credit facility
Bonus warrants 180,085 warrants Each warrant exercisable into one common share
Warrant exercise price C$8.11 per share Exercise price for bonus common share purchase warrants
Warrant expiry September 26, 2028 Final exercise date for bonus warrants
Credit Facility financial
"to amend the terms of an existing credit facility (the “Credit Facility”)"
A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.
Amending Agreement financial
"amending and consent agreement (the “Amending Agreement”) with Extract"
Bonus Warrants financial
"180,085 bonus common share purchase warrants (the “Bonus Warrants”)"
TSX Venture Exchange Policy 5.1 regulatory
"in accordance with TSX Venture Exchange (“TSXV”) Policy 5.1 – Loans, Loan Bonuses, Finder’s Fees and Commissions"
 

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 April 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: April 1, 2026     /s/ Corey Dias    
  Corey Dias
  Chief Executive Officer
  


EXHIBIT INDEX

 

Exhibit Number Description
  
99.1 Press Release dated April 1, 2026

EXHIBIT 99.1

Anfield Energy Further Amends Credit Facility with Extract

VANCOUVER, British Columbia, April 01, 2026 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”) announces that, further to its news release dated January 29, 2026, the Company has revised the terms of the previously announced amending and consent agreement (the “Amending Agreement”) with Extract Advisors LLC (“Extract”) to amend the terms of an existing credit facility (the “Credit Facility”) (see the Company’s news release dated October 6, 2023, April 17, 2024 and March 18, 2025) with Extract, as agent of the Credit Facility. Pursuant to the Amending Agreement, Extract consented to the Company’s proposed acquisition (the “Acquisition”) of all of the issued and outstanding securities of B.R.S. Inc. (see the Company’s news release dated December 18, 2025) (the “Consent”).

In consideration for the Consent, the Company has agreed to issue 50,000 bonus common shares (the “Bonus Shares”) and 180,085 bonus common share purchase warrants (the “Bonus Warrants”) to Extract, with each such Bonus Warrant entitling the holder thereof to acquire one common share of the Company at an exercise price of C$8.11 per share until September 26, 2028. The issuance of the Bonus Shares and Bonus Warrants is made in accordance with TSX Venture Exchange (“TSXV”) Policy 5.1 – Loans, Loan Bonuses, Finder’s Fees and Commissions. For so long as the Credit Facility remains outstanding, all proceeds from the exercise of the Bonus Warrants by the lender shall be used to repay the principal amount of the Credit Facility. The Consent is conditional upon the Company’s issuance of the Bonus Shares and Bonus Warrants to Extract. The issuance of the Bonus Shares and Bonus Warrants is subject to the approval of the TSXV.

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 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”. The forward-looking statements contained herein may include, but are not limited to, statements regarding the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the approval of the TSXV of the issuance of the Bonus Share and Bonus Warrants to Extract, the Consent being made effective as contemplated; and the Acquisition being completed as contemplated.

Forward-looking statements are based on the Company’s current beliefs and assumptions as to the outcome and timing of future events, including, but not limited to, the TSXV approval of the issuance of the Bonus Shares and Bonus Warrants to Extract, the Consent being made effective, and the completion of the Acquisition. 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 TSXV will not approve the issuance of the Bonus Shares and Bonus Warrants to Extract as contemplated, or at all; risks that the Consent will not be made effective as contemplated, or at all; risks that the Acquisition will not be completed as contemplated, or at all; 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.

FAQ

What did Anfield Energy (AEC) announce in its April 2026 Form 6-K?

Anfield Energy announced a further amendment to its credit facility with Extract Advisors. In return for Extract’s consent to Anfield’s planned acquisition of B.R.S. Inc., Anfield will issue bonus common shares and bonus warrants, subject to TSX Venture Exchange approval.

How many bonus securities will Anfield Energy (AEC) issue to Extract Advisors?

Anfield Energy agreed to issue 50,000 bonus common shares and 180,085 bonus common share purchase warrants to Extract Advisors. These securities are consideration for Extract’s consent to the B.R.S. Inc. acquisition and remain subject to approval by the TSX Venture Exchange.

What are the key terms of Anfield Energy’s bonus warrants issued to Extract?

Each bonus warrant allows Extract to acquire one Anfield Energy common share at an exercise price of C$8.11 per share. The warrants are exercisable until September 26, 2028, and any exercise proceeds must be applied to repay principal under the existing credit facility.

How does the amended credit facility affect Anfield Energy’s planned B.R.S. Inc. acquisition?

Extract Advisors consented to Anfield Energy’s proposed acquisition of B.R.S. Inc. under the amended credit facility. This consent is conditional on issuing bonus shares and warrants to Extract and obtaining TSX Venture Exchange approval, so it directly supports moving the acquisition forward as contemplated.

Is TSX Venture Exchange approval required for Anfield Energy’s bonus shares and warrants?

Yes, issuing the 50,000 bonus shares and 180,085 bonus warrants to Extract Advisors requires TSX Venture Exchange approval. The lender’s consent to Anfield’s B.R.S. Inc. acquisition is conditional on this issuance, so regulatory approval is a key step before the arrangement becomes effective.

Filing Exhibits & Attachments

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