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Anfield Energy Inc. prices US$6.0 million underwritten public offering of common shares, led by Northland Capital Markets and Roth Capital Partners. The funds will support capital commitments and general corporate purposes.

PUBLIC · AECJul 30, 202610 days ago

Amount Raised

$6 Million

Round Type

Post-IPO Equity

BurnabyOtherMining

Investors

Roth Capital PartnersNorthland Capital Markets

Description

Anfield Energy Inc. has announced a public offering of 1,491,305 common shares priced at US$4.00 per share for gross proceeds of US$6.0 million. The offering is being conducted by a syndicate of underwriters led by Northland Capital Markets and Roth Capital Partners. The company plans to use the net proceeds for capital commitments and working capital

Company Information

Company

Anfield Energy

Location

2005 - 4390 Grange Street

Burnaby, British Columbia, Canada

About

Anfield is a uranium and vanadium development and near-term production 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 TSX-Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on its conventional asset centre, as summarized below: Arizona/Utah/Colorado – Shootaring Canyon Mill A key asset in Anfield’s portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring Canyon Mill is strategically located within one of the historically most prolific uranium production areas in the United States, and is one of only three licensed uranium mills in the United States. Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah, Colorado, and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, the West Slope Project, as well as the Findlay Tank breccia pipe. A NI 43-101 PEA has been completed for the Velvet-Wood Project. The PEA is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and, resultantly, there is no certainty that the included preliminary economic assessment would be realized. All conventional uranium assets are situated within a 200-mile radius of the Shootaring Mill.

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