Mr. Corey Dias reports

ANFIELD ENERGY ANNOUNCES NOVEMBER 6TH GROUND-BREAKING CEREMONY FOR VELVET-WOOD URANIUM-VANADIUM MINE, ADVANCING U.S. ENERGY INDEPENDENCE

Anfield Energy Inc. has planned a ceremonial groundbreaking on Nov. 6, 2025, at its Velvet-Wood uranium-vanadium mine in San Juan county, Utah. This pivotal event will signal the official launch of construction activities, following the U.S. Department of the Interior's expedited federal approval in May and the Utah Department of Oil, Gas and Mining's green light in October.

Key highlights:

• Milestone momentum -- just weeks after Utah's final construction permit, groundbreaking initiates mine reopening, dewatering and development -- paving the way for potential first production in 2026;
• Critical minerals boost: Velvet-Wood poised to yield significant uranium and vanadium, processed at Anfield's Shootaring Canyon mill to support U.S. nuclear security;
• Community and economic impact -- ceremony to celebrate job creation in San Juan county, Utah, with minimal environmental footprint (three acres of new surface disturbance);
• National alignment -- echoes President Trump's 2025 executive orders on nuclear growth, addressing U.S. uranium import reliance (99 per cent in 2023) and vanadium supply vulnerabilities.

The ceremony, set for 11 a.m. local time at the mine site, will bring together Anfield executives, local community leaders, and representatives from federal and state agencies to commemorate this step forward in America's critical minerals resurgence. Attendees will witness the symbolic first dig, underscoring Anfield's commitment to rapid mobilization: reopening the historic mine portal, dewatering underground workings, building surface facilities, conducting inspections and advancing a new incline for ore extraction. All phases are designed for efficiency, integrating with Anfield's Shootaring Canyon mill -- one of only three licensed conventional uranium mills in the United States -- to deliver processed concentrate swiftly.

"Nov. 6 will be more than a groundbreaking -- it's a bold declaration of Anfield's readiness to help fuel the American nuclear renaissance," said Corey Dias, chief executive officer of Anfield. "Building on the Trump administration's visionary executive orders -- from reinvigorating the nuclear fuel cycle to expanding the work force -- Velvet-Wood positions us to supply uranium for clean energy, medical isotopes and naval propulsion while vanadium strengthens infrastructure and aerospace. With uranium consumption at 50 million pounds annually and domestic output under 1 per cent, projects like ours are essential to energy dominance. We invite our stakeholders, partners and the San Juan county community to join us in this historic moment."

Reviving a site that produced four million pounds of U3O8 (triuranium octoxide) and five million pounds of V2O5 (vanadium pentoxide) from 1979 to 1984, Velvet-Wood's current resources (per the 2023 preliminary economic assessment) stand at 4.6 million pounds eU3O8 (equivalent U3O8) at a grade of 0.29 per cent (measured and indicated) and 552,000 pounds eU3O8 at a grade of 0.32 per cent (inferred), with a 1.4:1 vanadium-to-uranium ratio. The PEA forecasts a pretax net present value (discounted at 8 per cent) of $238-million (U.S.) and internal rate of return of 40 per cent at $70 (U.S.) per pound U3O8 and $12 (U.S.) per pound V2O5, affirming strong potential amid rising commodity prices.

This announcement follows the Department of the Interior's trailblazing 14-day environmental review under President Trump's energy emergency declaration, as praised by Secretary Doug Burgum, "This is mineral security in action." Anfield's fully U.S.-based assets (including Slick Rock, Frank M and the Paradox mine complex), all within 200 miles of Shootaring Canyon, further solidify the company's hub and spoke model. Continuing mill licence upgrades aim for three million pounds annual capacity, aligning with surging demand from utilities and advanced reactors.

Media and interested parties are encouraged to RSVP for the Nov. 6 event through the company's website.

About the Velvet-Wood mine

Acquired from Uranium One in 2015, the project emphasizes underground mining with robust reclamation plans. See the 2023 PEA for comprehensive details.

About Anfield Energy Inc.

Anfield is a uranium and vanadium development and near-term production company dedicated to sustainable energy fuels supply. Listed on Nasdaq Stock Market (symbol: AEC), the TSX Venture Exchange (AEC) and the Frankfurt Stock Exchange (0AD), its assets target prolific U.S. districts to meet nuclear needs.

Qualified person

Douglas L. Beahm, PE, PG, principal engineer at BRS Inc. and Anfield's chief operating officer, is a qualified person as defined in NI 43-101 and has reviewed the technical content of this news release.

Preliminary economic assessment (Shootaring Canyon mill, Velvet-Wood and Slick Rock projects)

PEA results are preliminary forward-looking information, including inferred resources, which are too speculative to have economic considerations applied to them. Mineral resources are not mineral reserves and there is no certainty that the outcomes estimated in the PEA will be realized.

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