Mr. Corey Dias reports

ANFIELD ENERGY SUBMITS PERMIT AMENDMENT FOR JD-8 MINE RESTART

Following receipt of comments regarding Anfield Energy Inc.'s plan of operations submittal from the U.S. Department of Energy (DOE) and the Colorado Division of Reclamation, Mining and Safety (DRMS), the company has thoroughly addressed all outstanding comments and submitted a permit amendment for the restart of its past-producing JD-8 uranium and vanadium mine in Montrose county, Colorado.

Key highlights:

• Regulatory clearance: Anfield has addressed all outstanding technical, financial and environmental comments from the DOE and DRMS.
• Production timeline: The JD-8 mine remains on schedule for potential approval and mobilization in mid-2026, with a targeted production restart in the second half of 2026.
• Operational base: The JD-7 mine infrastructure will now serve as the central base of operations for the entire Monogram Mesa mine complex, improving efficiency and reducing costs. Mined material from JD-8, as part of Anfield's hub and spoke production strategy, will be processed at Anfield's Shootaring Canyon mill in Utah, one of only three licensed conventional mills in the United States.
• Competitive advantage: The company is leveraging its recent acquisition of BRS Inc. to streamline the regulatory process and technical development.

This permit amendment builds directly on the company's initial comprehensive plan of operations permitting application submitted to DRMS on Nov. 19, 2025, which received an affirmative initial completeness determination from DRMS on Dec. 22, 2025, confirming that all required technical, environmental, reclamation and financial assurance components were in place to advance to full substantive review. The permit amendment incorporates all regulatory feedback received and further strengthens the application as it progresses through the review process. The company is confident regarding the quality and completeness of the current submission and reaffirms that the JD-8 mine remains on track for potential approval and mobilization in mid-2026, with targeted production restart in the second half of 2026.

About the JD-8 mine and Monogram Mesa mine complex

The JD-8 mine is the flagship asset within Anfield's Monogram Mesa mine complex (also referred to as part of the broader West Slope project and Paradox mine complex). It was the last of the historic Cotter Corp. mines to suspend operations in 2006 due to market conditions and remains in excellent condition, with well-preserved underground workings, infrastructure and historical production records.

The Monogram Mesa mine complex encompasses several past-producing uranium and vanadium mines, including the JD-5, JD-6, JD-7, JD-8 and JD-9 mines. As part of the permit amendment, the company has included all buildings and infrastructure at the JD-7 mine to serve as the central base of operations for the entire mine complex. This strategic integration will enhance operational efficiency, reduce costs and support co-ordinated development across the multiple deposits.

The restart plan for the JD-8 mine employs proven conventional underground long-hole stoping methods with updated ventilation, ground control and water management systems, alongside enhanced monitoring and modern reclamation standards. The JD-8 mine leverages existing underground workings and is designed to deliver uranium and vanadium to Anfield's 100-per-cent-owned Shootaring Canyon mill in Utah -- one of only three licensed conventional uranium mills in the United States.

Chief executive officer commentary

Corey Dias, chief executive officer of Anfield, commented: "Promptly and thoroughly addressing all comments from both the DOE and DRMS demonstrates our team's commitment to regulatory compliance and responsible development. Our continued close collaboration with BRS Inc. enabled us to leverage our long-standing relationship to quickly prepare the initial plan and allowed the company to completely and effectively address all regulatory comments. We believe this seamless partnership between the BRS Inc. and Anfield teams gives the company a unique competitive advantage in the U.S. uranium sector.

"Finally, incorporating the JD-7 mine infrastructure as the operational hub for the Monogram Mesa mine complex further optimizes the JD-8 mine and positions the entire complex for efficient, long-term uranium and vanadium production. We remain on track to bring the JD-8 mine -- and by extension, the broader Monogram Mesa mine complex -- back into production later this year. This advancement both supports our hub and spoke production strategy and contributes to U.S. energy security by supplying domestic uranium and vanadium."

JD-8 uranium-vanadium mine production decision

The company notes that its decision to advance development of the JD-8 mine is based on historical production data and analysis of drilling samples and not on a feasibility study of mineral reserves demonstrating economic and technical viability. As a result, there is additional uncertainty and risk related to the economics and viability of development.

Douglas L. Beahm, PE, PG, is the company's qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed, verified and approved the scientific and technical information contained in this news release. Mr. Beahm is not independent of the company as he is the company's chief operating officer.

About Anfield Energy Inc.

Anfield is a uranium and vanadium development 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 Nasdaq Stock Market (symbol: AEC), the TSX Venture Exchange (symbol: AEC) and the Frankfurt Stock Exchange (symbol: 0AD).

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