SCHEDULE: Uranium Energy Corp. Boosts Anfield Energy Stake to 37%

Uranium Energy Corp. has disclosed a significant beneficial ownership stake of 37.0% in Anfield Energy Inc., including shares from exercisable warrants.

Summary

• Uranium Energy Corp. (the "Reporting Person") beneficially owns 6,262,516 common shares of Anfield Energy Inc. (the "Issuer").
• This ownership represents 37.0% of Anfield Energy Inc.'s outstanding common shares.
• The beneficially owned amount includes 1,283,639 common shares that Uranium Energy Corp. can acquire within 60 days through warrants.
• The percentage calculation is based on 16,930,171 total common shares outstanding, which comprises 15,646,532 shares reported by the Issuer as of September 9, 2025, plus the 1,283,639 shares from warrants held by the Reporting Person.
• Uranium Energy Corp. holds sole voting power and sole dispositive power over all 6,262,516 beneficially owned shares.

Sentiment

Score: 6

Explanation: The disclosure of a significant strategic stake by a major industry player is generally viewed as a positive signal for the issuer, indicating confidence and potential future strategic alignment, though it also introduces considerations regarding ownership concentration.

Positives

• A significant stake by Uranium Energy Corp., a major player in the uranium sector, signals a strong vote of confidence in Anfield Energy Inc.'s assets and future prospects.
• The strategic investment could potentially lead to future collaborations, partnerships, or even M&A activity, benefiting Anfield Energy Inc. shareholders.
• The acquisition of shares through warrants indicates a prior strategic investment that is now being disclosed as a larger beneficial ownership position.

Negatives

• A 37.0% ownership stake by a single entity could potentially reduce the free float of Anfield Energy Inc. shares, impacting market liquidity.
• Such a large stake grants significant influence to Uranium Energy Corp., which could lead to concerns among minority shareholders regarding corporate control and strategic direction.

Risks

• The concentration of ownership with Uranium Energy Corp. could limit the influence of other shareholders in key corporate decisions.
• Future actions by Uranium Energy Corp. regarding its stake, such as further accumulation or divestment, could significantly impact Anfield Energy Inc.'s share price and market perception.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the future performance or strategic plans of either Anfield Energy Inc. or Uranium Energy Corp.

Industry Context

This disclosure highlights a significant strategic investment within the uranium mining sector, where consolidation and strategic partnerships are common. Uranium Energy Corp.'s increased stake in Anfield Energy Inc. suggests a belief in the long-term prospects of uranium demand and the value of Anfield's assets, aligning with broader industry trends of renewed interest in nuclear energy and uranium supply security.

Stakeholder Impact

• Shareholders of Anfield Energy Inc. may view this as a positive development, potentially signaling increased institutional confidence and future strategic value.
• The significant ownership by Uranium Energy Corp. could influence future strategic decisions and operational direction for Anfield Energy Inc.

Key Dates

Recommendation

Uranium Energy Corp.'s substantial 37.0% stake in Anfield Energy Inc., including exercisable warrants, signals a strategic interest in the uranium sector. While this indicates confidence from a major player, the filing itself does not provide operational or financial performance data to warrant a stronger buy or sell recommendation. Investors should monitor future developments and the strategic implications of this significant ownership.

Keywords

Uranium Energy Corp, Anfield Energy Inc, beneficial ownership, Schedule 13G, uranium, equity stake, warrants, common shares, SEC filing