Anfield Energy Closes US$6.9 million Underwritten Public Offering

Anfield Energy Inc. (“ Anfield ” or the “ Company ”) (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) has closed its previously announced underwritten public offering (the “ Offering ”) of 1,715,000 common shares (the “ Common Shares ”), which includes the full exercise of the underwriters’ option to purchase an additional 233,695 Common Shares, at a price of US$4.00 per Common Share for aggregate gross proceeds to the Company of US$6.9 million. The Offering was conducted through a syndicate of underwriters led by Northland Capital Markets and Roth Capital Partners as joint bookrunners, pursuant to an underwriting agreement dated July 30, 2026, by and among the Company and the underwriters (the “ Underwriting Agreement ”). The Offering includes participation from existing strategic investor Uranium Energy Corp. (NYSE: UEC) (“ Uranium Energy ”) through its wholly-owned subsidiary UEC Energy Corp. (“ UEC ”). The Company intends to use the net proceeds from the Offering to fund capital commitments to the Paradox Complex, Velvet-Wood Project, the Slick Rock Complex and the Shootaring Canyon Mill, for working capital and for general corporate purposes. The underwriters received underwriter discounts and commissions totaling approximately $261,600 in respect of the gross proceeds from the sale of the Common Shares in the Offering. In connection with the Offering, the Company filed, with the securities commissions in all of the provinces and territories of Canada, a final prospectus supplement (the “ Prospectus Supplement ”) to the Company’s existing base shelf prospectus (the “ Base Shelf Prospectus ”) filed with the securities commissions in each of the provinces and territories of Canada, and filed a final prospectus supplement in the United States (the “ U.S. Prospectus Supplement ”, together with the Prospectus Supplement, the “ Prospectus Supplements ”) to the Company’s existing base shelf prospectus (the “ U.S. Base Shelf Prospectus ”, together with the Base Shelf Prospectus, the “ Base Shelf Prospectuses ”) forming part of an effective registration statement on Form F-10 (File No. 333-291078) (the “ Registration Statement ”) filed with the U.S. Securities and Exchange Commission (“ SEC ”) under the U.S./Canada Multijurisdictional Disclosure System. The Offering was made in the United States and in each of the provinces and territories of Canada, except Quebec. The Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement contain important information about the Company and the Offering. Prospective investors should read the Prospectus Supplements, the Base Shelf Prospectuses and the Registration Statement and the documents incorporated by reference therein before making an investment decision. The Prospectus Supplement (together with the related Base Shelf Prospectus) is available on SEDAR+ at www.sedarplus.ca. The U.S. Prospectus Supplement (together with the U.S. Base Shelf Prospectus, forming part of the Registration Statement) is available on the SEC’s website at www.sec.gov. Alternatively, an electronic or paper copy of the Prospectus Supplement (together with the related Base Shelf Prospectus) may be obtained, upon request and without charge by contacting Roth Canada, Inc, Attention: Capital Markets, 1921-130 King Street West, Toronto, ON M5X 2A2, or by email at [email protected], and the U.S. Prospectus Supplement (together with the related U.S. Base Shelf Prospectus, forming part of the Registration Statement) may be obtained, upon request by contacting Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN 55402, Attention: Valencia Day by telephone at (612) 851-4917. Delivery of the Prospec...