Price Target Changed • Jun 10
Price target decreased by 7.2% to CA$17.50 Down from CA$18.85, the current price target is provided by 1 analyst. New target price is 236% above last closing price of CA$5.21. Stock is down 27% over the past year. The company posted a net loss per share of CA$1.28 last year. Announcement • Jun 09
Anfield Energy Provides Operational Update on Shootaring Canyon Uranium Mill License Renewal and Refurbishment Anfield Energy Inc. provided a current update on the renewal and reactivation of its radioactive materials license for the Shootaring Canyon Uranium Mill in Utah. During the first months of 2026, the Company worked closely with the Utah Department of Environmental Quality to address all requests for additional information related to the License renewal application. As part of these efforts, Anfield successfully completed the drilling of 8 additional monitoring wells, a key requirement prior to resuming full operations at Shootaring. Anfield has initiated preparatory refurbishment work at the Shootaring. The Company has begun the removal of existing leach tanks in the leach building to prepare the facility for comprehensive refurbishment and future operational upgrades. All current site activities are being conducted under the Company’s existing License and in full regulatory compliance. This effort has the dual purpose of reducing Anfield’s reclamation obligations and preparing Shootaring for refurbishment. The Company continues to work with PSE Engineering to prepare the final detailed engineering designs. This work is intended to enable Anfield to move quickly and efficiently through the necessary refurbishment steps toward resuming production in 2027. The Company expects to complete the License renewal by the end of the year and plans to be fully prepared to quickly move forward with the refurbishment upon approval. Anfield has begun the buildout of a new temporary man camp to support upcoming construction and operational activities. The man camp is being constructed just outside of the mill boundaries on private land owned by the Company. The facility is expected to be completed by the end of the year to coincide with the anticipated start of major refurbishment construction. It will accommodate up to 40 workers and will also serve to house personnel during the transition from refurbishment to initial production. These early refurbishment activities, detailed engineering progress, and supporting infrastructure development represent an important step forward in the Shootaring reactivation process. Shootaring remains one of only three licensed and permitted conventional uranium mills in the United States and is central to Anfield’s hub-and-spoke strategy for near-term uranium and vanadium production in the U.S. The Company continues to advance the overall License renewal while simultaneously progressing Shootaring refurbishment plans, including upgrades targeting 1,000 tons per day throughput capacity. These efforts are aligned with Anfield’s objective of recommencing mineral resource processing from its nearby uranium-vanadium projects. Anfield will continue to provide updates on the License renewal process, ongoing site work, detailed engineering progress, and integration with the Company’s mine development pipeline (including the Velvet-Wood project) as further milestones are achieved. Announcement • Jun 02
Anfield Energy Completes Phase One Surface Construction At Velvet-Wood Project Anfield Energy Inc. has completed phase one surface construction at its Velvet-Wood uranium and vanadium project in Utah. With Phase One now complete, the Company will shift focus to phase two of mine construction at Velvet-Wood. Phase Two will focus on the dewatering and rehabilitation of the existing underground workings, along with construction of the ore pad to allow for mining to begin upon completion of the dewatering. Phase Two is expected to last approximately 6 months. Initial underground development activities are expected to commence within the next 30 days at Velvet-Wood. Phase three of mine construction at Velvet-Wood will involve the buildout of permanent surface infrastructure, including the mine office, shop/warehouse, and permanent power. The Company intends to produce mined material concurrently with the completion of this final development phase. The completed Phase One work at Velvet-Wood included the following actions: Stripped the topsoil from the original mine area and stockpiled approximately 4,500 cubic yards of clean topsoil, set aside for future reclamation work; Completed a full site survey to orient the surface with the underground workings; Installed a temporary office and shop to support construction and site development; Built or improved nearly 3 miles of roads, including both county roads and site roads; Installed temporary power to the site; Uncovered the previous plugged/reclaimed decline shaft and constructed the new portal and gates; Installed ventilation for the underground; Rehabilitated nearly 1,500 feet of decline; Activated the mine ID with the U.S. Mine Safety and Health Administration, enabling the start of mining and mine construction; Built pads for the permanent facilities (mine office, shop/warehouse, and water treatment); and Restarted the Company’s Papoose limestone quarry, supplying all aggregate used on site for road and pad construction. This progress allows Anfield to remain on schedule to return the Velvet-Wood mine to production by the end of 2026. This milestone is made more significant by the fact that the mine last produced in 1984, while the remaining Lisbon Valley mines were ultimately shuttered by 1988. For more than 40 years this resource area has been waiting for the return of the U.S. uranium industry. This progress supports Anfield’s hub-and-spoke strategy, centered on the fully permitted Shootaring Canyon Mill in Utah and its portfolio of high-quality uranium-vanadium assets in Utah and Colorado. 
