14:01:45 EST Fri 07 Feb 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Anfield Energy Inc
Symbol AEC
Shares Issued 1,034,229,633
Close 2025-01-15 C$ 0.08
Market Cap C$ 82,738,371
Recent Sedar Documents

Anfield investor Uranium Energy acquires 107.14M shares

2025-01-15 19:52 ET - News Release

An anonymous director reports

URANIUM ENERGY CORP INCREASES HOLDINGS IN ANFIELD ENERGY

Uranium Energy Corp. has completed the acquisition of 107,142,857 common shares of Anfield Energy Inc. for total consideration of $10.46-million ($15-million (Canadian)).

The acquisition was completed on Jan. 15, 2025, pursuant to a subscription agreement between the company and Anfield, whereby the company subscribed for the Anfield shares at a price of 14 Canadian cents per share. Immediately after the acquisition, the company had beneficial ownership, and control and direction of, a total of 203,415,775 Anfield shares, representing approximately 17.8 per cent of the outstanding Anfield shares on a non-diluted basis and approximately 24.2 per cent of the outstanding Anfield shares on a partially diluted basis after assuming the exercise of all warrants held by the company.

Immediately prior to the acquisition, the company beneficially owned, and had control and direction of, 96,272,918 Anfield shares and 96,272,918 share purchase warrants of Anfield, each exercisable into an Anfield share at a price of 18 Canadian cents per share until May 12, 2027, representing approximately 9.3 per cent of the outstanding Anfield shares at such time on a non-diluted basis and approximately 17.0 per cent on a partially diluted basis after assuming the exercise of all of warrants held by the company.

The Anfield shares were acquired by the company for investment purposes. The company will continue to monitor the business, prospects, financial condition and potential capital requirements of Anfield. Depending on its evaluation of these and other factors, the company may, from time to time in the future, decrease or increase, directly or indirectly, its ownership, control or direction over securities of Anfield through market transactions, private agreements, subscriptions from treasury or otherwise, or may, in the future, develop plans or intentions relating to any of the other actions listed in (a) through (k) of Form 62-103F1 (Required Disclosure Under Early Warning Requirements). In connection with the acquisition, the company has undertaken that it will not exercise warrants to the extent that it will result in the company becoming a control person of Anfield, as defined by the TSX Venture Exchange policies, without written approval of the exchange, including any disinterested shareholder approval required by it.

The company has filed an early warning report under Anfield's profile at SEDAR+ in connection with the acquisition under Canadian National Instruments 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Requirements). To obtain more information or a copy of such report, please contact Josephine Man, chief financial officer.

All ownership percentages herein are based upon the number of outstanding Anfield shares disclosed by Anfield in its management's discussion and analysis for the nine months ended Sept. 30, 2024.

About Uranium Energy Corp.

Uranium Energy is America's largest and fastest-growing supplier of uranium needed to produce safe, clean, reliable nuclear energy. Uranium Energy is advancing the next generation of low-cost, environmentally friendly in situ recovery mining uranium projects in the United States and high-grade conventional projects in Canada. The company has three hub and spoke platforms in south Texas and Wyoming with a combined licensed production capacity of 12.1 million pounds triuranium octoxide per year. These production platforms are anchored by licensed central processing plants and served by multiple U.S. ISR uranium projects. In August, 2024, ISR operations began at the Christensen Ranch project in Wyoming, sending uranium loaded resin to the Irigaray CPP in Wyoming. The company has diversified uranium holdings, including: (1) a conventional pipeline of high-grade Canadian projects anchored by the world-class Roughrider project; (2) one of the largest physical uranium portfolios of U.S. warehoused U3O8; and (3) a major equity stake in Uranium Royalty Corp., the only royalty company in the sector. The company's operations are managed by professionals with decades of hands-on nuclear fuel industry experience, including the key facets of uranium exploration, development, mining and production.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.