AEC · Anfield Energy Inc. Common Shares

Summary

This is Anfield Energy Inc.'s (ticker: AEC) 2025 fiscal year Annual Report on Form 40-F, filed with the SEC on March 31, 2026. The British Columbia, Canada-based firm is classified as a foreign private issuer operating under the SEC's multijurisdictional disclosure system, using Canadian disclosure requirements and qualifying for exemptions from certain U.S. Exchange Act provisions including Sections 14(a), 14(b), 14(c), 14(f) and 16. As of December 31, 2025, the company had 15,942,823 outstanding common shares listed on the Nasdaq Stock Market, and confirmed it has filed all required SEC reports and interactive data files for the preceding 12-month period. The filing includes audited annual financial statements and the company's Annual Information Form, outlining its core portfolio of uranium and vanadium assets across Utah and Colorado: the Velvet-Wood project, Shootaring Canyon Mill, Slick Rock project, and West Slope project. It discloses near-term plans to advance these assets to production, alongside extensive forward-looking statements subject to material risks including commodity price volatility, permitting delays, financing shortfalls, operational hazards, and geopolitical instability that could cause actual results to differ significantly from projections. The company also confirmed its status as an emerging growth company, with no election to opt out of extended transition periods for new accounting standards.

Key takeaways

• Anfield Energy Inc., a British Columbia-based uranium and vanadium development firm, filed its 2025 fiscal year Form 40-F on March 31, 2026, is listed on Nasdaq under ticker AEC, and had 15,942,823 common shares outstanding as of December 31, 2025.
• The company's near-term strategic priority is advancing its four U.S.-based core assets (Utah's Velvet-Wood project and Shootaring Canyon Mill, Colorado's Slick Rock and West Slope projects) to production, with planned activities including license updates, permitting completion, and construction commencement.
• The filing includes extensive forward-looking statements subject to material risks that could alter projected outcomes, including uranium and vanadium price volatility, permitting delays, financing challenges, operational hazards, and global geopolitical and economic instability.