Anfield Energy Inc. closed a US$6.9 million underwritten public offering of 1,715,000 common shares at US$4.00 per share, including the full exercise of the underwriters' option for an additional 233,695 shares. Net proceeds will fund capital commitments to the Paradox Complex, Velvet-Wood Project, Slick Rock Complex, and Shootaring Canyon Mill, as well as working capital and general corporate purposes. The offering was led by Northland Capital Markets and Roth Capital Partners, with participation from strategic investor Uranium Energy Corp., which purchased 625,000 shares for US$2.5 million in gross proceeds. This financing supports the company's uranium and vanadium development operations.
