ANFIELD ENERGY INC.

Anfield Energy provided a corporate update for the first half of 2026, highlighting significant operational, permitting, and economic advancements. The updated Preliminary Economic Assessment (PEA) confirms robust project economics with a pre-tax IRR of 106% and NPV of $606 million. The company is targeting production at Velvet-Wood by the end of 2026 and at the Shootaring Canyon Mill in 2027. Key milestones include completing Phase One construction at Velvet-Wood, acquiring BRS Engineering, and securing an underground haul truck, reinforcing its hub-and-spoke uranium and vanadium strategy.

Anfield Energy Inc. provided a corporate update highlighting significant operational and economic advancements in H1 2026. An updated Preliminary Economic Assessment (PEA) confirms robust project economics with a pre-tax IRR of 106% and NPV of US$606 million, targeting a 1.3-year payback. The company completed Phase One construction at Velvet-Wood, aiming for production by year-end 2026, and is on track for Shootaring Canyon Mill operations in 2027. Strategic acquisitions and increased shareholder backing further support its hub-and-spoke uranium and vanadium strategy.

Anfield Energy Inc. announced a significant milestone in its equipment procurement program, receiving the first custom-built underground haul truck from Young's Machine Company. This delivery is a crucial step towards advancing the company's production goals, with the truck initially deployed at the Velvet-Wood mine and later at Colorado mines. Additionally, Anfield secured a further agreement with Young's for underground loaders to support operations at Velvet-Wood, JD-8, and Slick Rock, reinforcing its hub-and-spoke model and commitment to a robust American uranium supply chain.

Anfield Energy Inc. announced a key milestone in its equipment procurement program, receiving the first custom-built underground haul truck from Young's Machine Company. This truck is slated for operation at the Velvet-Wood uranium-vanadium mine and will later move to Colorado mines. Additionally, Anfield secured an agreement with Young's for more underground loaders, which will support initial development and production at Velvet-Wood, JD-8, and Slick Rock, marking a significant step towards production and strengthening the domestic uranium supply chain.

Anfield Energy Inc. has issued an Information Circular and Notice of Annual and Special Meeting for its shareholders. The meeting is scheduled for July 10, 2026, in Vancouver, British Columbia. Key agenda items include the presentation of the 2025 audited financial statements, the election of nine directors, the re-appointment of the auditor, and the re-approval of the Company's omnibus incentive plan. The record date for determining eligible shareholders is June 3, 2026, with Uranium Energy Corp. holding a significant stake of 32.22%.

Anfield Energy Inc. provided an operational update on the Shootaring Canyon Uranium Mill, detailing progress on its radioactive materials license renewal and preparatory refurbishment work. The company successfully completed drilling 8 additional monitoring wells and began removing leach tanks, aiming for license renewal by year-end and production resumption in 2027. Additionally, Anfield is constructing a temporary man camp to support upcoming activities and has entered into investor relations and market-making agreements with CorProminence LLC and Generation IACP Inc., respectively.

Anfield Energy Inc. provided an update on the reactivation of its Shootaring Canyon Uranium Mill, announcing significant progress in license renewal and the commencement of refurbishment work. The company completed drilling 8 monitoring wells and began removing leach tanks, aiming for production resumption in 2027. Additionally, Anfield initiated the construction of a temporary man camp and entered into investor relations and market-making agreements to support its strategic objectives.

Anfield Energy Inc. announced the successful completion of Phase One surface construction at its Velvet-Wood uranium and vanadium project in Utah. The company is now moving into Phase Two, with initial underground development activities anticipated within the next 30 days. This progress keeps Anfield on schedule to resume production at Velvet-Wood by the end of 2026, a significant milestone for a mine that last produced in 1984.

Anfield Energy Inc. reported a net loss of C$7.05 million for the three months ended March 31, 2026, a significant increase from C$2.77 million in Q1 2025. Despite the increased loss, the company's total assets grew to C$94.53 million and total equity increased to C$54.69 million, supported by C$13.46 million in net proceeds from share issuances. The company also completed the acquisition of BRS Inc. and announced updated Preliminary Economic Assessment results for its mine projects subsequent to the quarter end.

Anfield Energy announced the successful completion of monitoring well drilling programs at its Shootaring Canyon Mill in Utah and Slick Rock Mine Complex in Colorado. Eight new wells at Shootaring Canyon will provide baseline groundwater data and ongoing environmental oversight for the mill's restart, while three wells at Slick Rock will facilitate aquifer sampling and hydrologic characterization for future production. These programs are crucial milestones in advancing both projects towards production, aligning with Anfield's strategy to return two mines to production annually and demonstrating its commitment to responsible mineral resource development.