Anfield Energy Announces Special Shareholder Meeting and Mailing of Related Documents

Executive Summary

• Anfield Energy Inc. announces the legal mailing date of materials for a special shareholders’ meeting scheduled for February 27, 2026.
• The meeting seeks shareholder approval to designate Uranium Energy Corp. as a “Control Person” and to ratify a non‑brokered private placement of 896,861 subscription receipts to UEC (a subsidiary of Uranium Energy) at US$4.46 each for gross proceeds of US$4 million.
• Approval is required by the TSX Venture Exchange and disinterested shareholders, excluding votes held by Uranium Energy and its affiliates.

Key Details

• Meeting Date & Time: February 27, 2026 at 10:00 AM Vancouver time.
• Purpose of Meeting:
• Obtain shareholder approval for Uranium Energy Corp. to be recognized as a “Control Person” under TSXV policies.
• Approve the issuance of 896,861 subscription receipts to UEC in connection with the Concurrent Offering.
• Concurrent Offering Terms:
• Subscription Receipts price: US$4.46 per receipt.
• Gross proceeds expected: US$4 million (as disclosed in the Jan 12, 2026 release).
• Each receipt entitles UEC to receive one common share upon satisfaction of escrow release conditions by March 31, 2026 (or later date specified by UEC), without additional consideration.
• Escrow Release Conditions: Must be satisfied on or before 5:00 p.m. Vancouver time, March 31, 2026 (or a later date as designated).
• Voting Exclusions: Votes attached to common shares held by Uranium Energy and its associates/affiliates are excluded from the simple‑majority calculation required for approval.
• Regulatory Requirement: TSXV approval of Uranium Energy’s participation in the private placement and designation as a Control Person is mandatory.

Notable Quotes

• Corey Dias, Chief Executive Officer: “The convening of this special meeting reflects our commitment to transparent governance and securing the necessary approvals to advance our strategic partnership with Uranium Energy.”