Mr. reports

ANFIELD ENERGY ANNOUNCES SPECIAL SHAREHOLDER MEETING AND MAILING OF RELATED DOCUMENTS

Today is the legal mailing date for the mailing and filing of the notice of a meeting of shareholders, the management information circular and related documents to convene a special meeting of shareholders of Anfield Energy Inc. The meeting will take place on Feb. 27, 2026, at 10 a.m. Vancouver time. Copies of the meeting materials are available for review under the profile for the company on SEDAR+ and on Anfield's corporate website.

The meeting has been convened to seek shareholder approval of Uranium Energy Corp. as a control person of the company as such term is defined by the policies of the TSX Venture Exchange by at least a simple majority of the votes cast at the meeting, excluding votes attached to common shares of the company held by Uranium Energy and its associates and affiliates (as such terms are defined by the policies of the TSX-V). Such shareholder approval is being sought in connection with the company's issuance, pursuant to a non-brokered private placement, of 896,861 subscription receipts of the company to UEC Energy Corp., a subsidiary of Uranium Energy, which is an insider and controlling shareholder of the company, at a price of $4.46 (U.S.) per subscription receipt for gross proceeds to the company of $4-million (U.S.) (see news release dated Jan. 12, 2026).

Each subscription receipt entitles UEC to receive, upon satisfaction of the escrow release conditions (as defined below) on or prior to 5 p.m. Vancouver time on March 31, 2026, or such other later date as may be specified by UEC in writing, one common share in the capital of the company, without payment of additional consideration and without further action on the part of UEC. The company requires the approval of the TSX-V of the participation of Uranium Energy through its wholly owned subsidiary, UEC, in the concurrent offering and, pursuant to the policies of the TSX-V, the approval of the disinterested shareholders of the company of Uranium Energy as a control person of the company (as such term is defined by the policies of the TSX-V) by at least a simple majority of the votes cast at the meeting, excluding votes attached to common shares held by Uranium Energy and its associates and affiliates (as such terms are defined by the policies of the TSX-V).

About Anfield Energy Inc.

Anfield is a uranium and vanadium development company that is committed to becoming a top-tier energy-related fuel supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on Nasdaq, the TSX Venture Exchange and the Frankfurt Stock Exchange.

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