Anfield Energy Announces Closing of US$6,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent US$4,000,000 Non-Brokered Private Placement of Subscription Receipts

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• The Company intends to use the net proceeds from the Offering to fund capital commitments to the West Slope Project, Velvet-Wood Project, the Slick Rock Project, and Shootaring Canyon Mill and for general corporate purposes and working capital

  80% confidence

• Uranium Energy will continue to monitor the business, prospects, financial condition and potential capital requirements of Anfield and may from time to time in the future decrease or increase its ownership

  80% confidence

• The Company anticipates holding the Special Meeting on or about February 27, 2026

  80% confidence

• The Subscription Receipts were acquired by UEC for investment purposes

  80% confidence

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