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Anfield Energy amends credit facility terms with Extract Advisors

April 1, 2026 1:30 PM

Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) announced revised terms for its credit facility amendment with Extract Advisors LLC, according to a company statement.



The uranium and vanadium development company will issue 50,000 bonus common shares and 180,085 bonus common share purchase warrants to Extract Advisors in exchange for consent to acquire B.R.S. Inc. The warrants allow the holder to purchase Anfield shares at C$8.11 per share until September 26, 2028.



Proceeds from warrant exercises must be used to repay the credit facility principal while the facility remains outstanding. The share and warrant issuance requires approval from the TSX Venture Exchange.



The arrangement follows Anfield's previously announced acquisition of all outstanding securities of B.R.S. Inc., disclosed in December 2025. The consent from Extract Advisors is conditional upon the company issuing the bonus shares and warrants.



Anfield operates as a publicly traded corporation on NASDAQ, TSX Venture Exchange, and Frankfurt Stock Exchange. The company focuses on uranium and vanadium development projects.

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