The Conversation (0)
Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) ("Anfield" or the "Company"), a leading U.S.-focused uranium and vanadium development company advancing toward near-term production, today welcomes President Trump's January 14, 2026, proclamation under Section 232 of the Trade Expansion Act of 1962. Titled "Adjusting Imports of Processed Critical Minerals and Their Derivative Products into the United States", this action directs negotiations with trading partners to address national security risks posed by imports of processed critical minerals (including uranium) and their derivatives, while prioritizing the protection and promotion of domestic mining, processing, and supply chains.
This proclamation both builds directly on uranium's reinstatement to the U.S. Geological Survey's Critical Minerals List in November 2025 and complements recent federal initiatives, such as the $2.7 billion DOE funding for domestic uranium enrichment awarded in early January 2026.
How the Section 232 Proclamation Benefits U.S. Uranium Companies and the Nuclear Sector
The Section 232 action follows a 2025 Commerce Department investigation concluding that heavy reliance on foreign-processed critical minerals threatens U.S. national security. By focusing on diplomatic agreements to secure reliable allied supplies while safeguarding domestic capabilities, the proclamation creates a framework that:
- Enhances market confidence and economic incentives – Critical mineral status, combined with national security priorities, unlocks expedited permitting, priority federal support (including the possibility of a floor price for uranium), and improved access to funding, accelerating project timelines and reducing regulatory hurdles.
- Strengthens energy independence and nuclear growth – By reducing vulnerabilities to geopolitical disruptions, it ensures reliable fuel for America's nuclear fleet (providing approximately 20% of U.S. electricity), supports expansion for clean energy goals, AI/data centre demands, and defense applications (e.g., naval reactors).
- Mitigates foreign competition risks — It signals potential future measures (e.g., tariffs or import adjustments) to counter subsidized foreign uranium supplies from dominant producers like Russia and Kazakhstan, which have historically suppressed domestic market prices and production.
- Promotes domestic processing and mining — Emphasizing that mining alone is insufficient without U.S.-based processing, it encourages investment in the full nuclear fuel cycle—from extraction to conversion and enrichment—directly supporting companies with advanced-stage U.S. assets.
These elements align closely with Anfield's hub-and-spoke strategy, centered on the fully licensed Shootaring Canyon conventional uranium mill—one of only three in the U.S.—and its portfolio of high-quality projects in Utah and Colorado.
Anfield's Strong Positioning Amid Supportive Policy Tailwinds
The proclamation reinforces the momentum from 2025 milestones, including expedited federal approvals for the Velvet-Wood Mine (groundbreaking in November 2025), permitting advancements for the JD-8 Mine in Colorado (targeting restart in H2 2026), and the Company's recent US$10 million financing close (January 13, 2026) to fund acceleration.
Corey Dias, Anfield CEO, commented: "President Trump's Section 232 proclamation delivers a clear commitment to protecting America's domestic uranium industry from unfair foreign import practices while rebuilding resilient supply chains. For Anfield, this means a more level playing field, faster project advancement, and greater confidence in delivering secure, American-sourced uranium starting in 2026. Combined with recent DOE enrichment investments and uranium's critical mineral designation, these developments create an unprecedented environment for U.S. producers. We are proud to be in a position to contribute to national energy security, the nuclear renaissance, and a cleaner, more independent energy future."
Anfield remains committed to responsible development, stakeholder engagement, and maximizing value as federal policies continue to drive domestic uranium resurgence.
About Anfield
Anfield is a uranium and vanadium development company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly traded corporation listed on the NASDAQ (AEC-Q), the TSX-Venture Exchange (AEC-V) and the Frankfurt Stock Exchange (0AD).
On behalf of the Board of Directors
Anfield Energy Inc.
Corey Dias, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Anfield Energy, Inc.
Corporate Communications
604-669-5762
contact@anfieldenergy.com
www.anfieldenergy.com
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" and "FORWARD-LOOKING INFORMATION" WITHIN THE MEANING OF APPLICABLE SECURITIES LEGISLATION (COLLECTIVELY, "FORWARD-LOOKING STATEMENTS"). STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL AND QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL SUCCEED OR THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.
