The uranium and vanadium developer completed the sale of 1,715,000 common shares, including the full exercise of the underwriters’ option, with Uranium Energy Corp. participating as an existing strategic investor.
Anfield Energy Inc. closed its previously announced underwritten public offering of 1,715,000 common shares at US$4.00 each, including the full exercise of the underwriters’ option to buy an additional 233,695 shares, for aggregate gross proceeds of about US$6.9 million. The syndicate was led by Northland Capital Markets and Roth Capital Partners as joint bookrunners under a July 30, 2026 underwriting agreement. The company said net proceeds will be used for capital commitments at the Paradox Complex, Velvet-Wood Project, Slick Rock Complex and Shootaring Canyon Mill, as well as working capital and general corporate purposes. Uranium Energy Corp., through its wholly-owned subsidiary UEC Energy Corp., bought 625,000 common shares for US$2.5 million, a transaction Anfield said is treated as a related party transaction under TSXV Policy 5.9 and Multilateral Instrument 61-101, with the company relying on available exemptions from formal valuation and minority shareholder approval requirements. The offering was made in the United States and in all Canadian provinces and territories except Quebec through final prospectus supplements tied to existing base shelf prospectuses and an effective Form F-10 registration statement filed with the SEC under the U.S./Canada Multijurisdictional Disclosure System.