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
Anfield Taps Strategic Partner UEC for $14M Lifeline as Production Timelines for 2026 Tighten
On December 24, 2025, Anfield Energy announced a dual-tranche non-brokered financing to raise a total of $14,000,000 CAD. The financing consists of $7,000,000 via the Listed Issuer Financing Exemption (LIFE) at $6.25 per share (no hold period) and $7,000,000 via subscription receipts at the same price (4-month hold). A significant portion of this involves Uranium Energy Corp. (UEC), requiring a special meeting to approve UEC as a "Control Person." Proceeds are earmarked for capital commitments at the West Slope, Velvet-Wood, Slick Rock projects, and the Shootaring Canyon Mill, as well as general working capital.
The impact is Material - Positive for three reasons: - Liquidity and Survival: As of September 30, 2025, the company had $7.2M in cash but was burning approximately $2.5M - $3M per quarter on exploration and G&A. With significant capital commitments for mine restarts (truck purchases, dewatering, construction), the $14M provides the necessary runway to reach the targeted mid-2026 operational milestones. - Strategic Validation: Uranium Energy Corp (UEC) continues to aggressively support the company, essentially backstopping the "hub-and-spoke" model. UEC’s willingness to move toward "Control Person" status suggests a high likelihood of an eventual full acquisition if production targets are met. - Pricing Reality: The $6.25 CAD pricing is roughly in line with the current market price, indicating that despite a 60% drop from the October highs, the company can still attract significant capital without massive discounts.
Anfield Energy is a U.S.-focused uranium and vanadium developer employing a "hub-and-spoke" strategy. - Flagship Asset: The Shootaring Canyon Mill in Utah. It is one of only three licensed, permitted, and constructed conventional uranium mills in the U.S. - Spoke Projects: Velvet-Wood (Utah) and Slick Rock (Colorado). Velvet-Wood is the most advanced, having received construction approval in October 2025. - Strategic Goal: Restarting the mill at a 1,000 tpd capacity to process ore from its own mines and potentially 21 DOE leases in Colorado.