AEC News & Events

Anfield Energy announced that, following receipt of comments regarding the company's plan of operations submittal from the U.S. Department of Energy and the Colorado Division of Reclamation, Mining and Safety, or DRMS, the company has addressed all outstanding comments and has submitted a permit amendment for the restart of its past-producing JD-8 uranium and vanadium mine in Montrose County, Colorado. The JD-8 Mine remains on schedule for potential approval and mobilization in mid-2026, with a targeted production restart in the second half of 2026. JD-7 mine infrastructure will now serve as the central base of operations for the entire Monogram Mesa Mine Complex, improving efficiency and reducing costs. Mined material from JD-8, as part of Anfield's hub-and-spoke production strategy, will be processed at Anfield's Shootaring Canyon mill in Utah, one of only three licensed conventional mills in the United States. The company is leveraging its recent acquisition of BRS, Inc. to streamline the regulatory process and technical development.

Anfield Energy announces that the shareholders of the Company considered and voted at the special meeting of shareholders held on February 27, 2026 to approve Uranium Energy as a control person of the Company and the issuance by the Company to UEC Energy, a wholly-owned subsidiary of Uranium Energy, of 896,861 common shares in the capital of the Company, upon conversion of certain Subscription Receipts issued by the Company to UEC, following satisfaction of the Escrow Release Conditions, all as described in more detail in the Company's management information circular dated January 27, 2026. The common shares of Anfield beneficially owned by Uranium Energy were excluded from the vote as required by the TSX Venture Exchange. The Company also announces that it has issued the 896,861 Subscription Receipt Shares to UEC.