Investment Q&A

As a developer, not too much is new but work continues. Uranium Energy has increased its ownership in the company, now at 31.82%. Extract Advisors owns 27.5%. Sprott owns 8.8%. Insiders own 4% and have been buying, as noted. Thus, the share float is quite small. Anfield Energy holds near-term production potential as a U.S.-focused uranium developer, leveraging a nice property portfolio, a strategic hub-and-spoke production model, and ownership of a rare, licensed uranium mill. Its investment appeal is heightened by rising uranium demand, supportive U.S. policy, and active M&A interest, but is offset by high capital requirements and the operational risks typical of pre-revenue resource companies. The sector has been strong, but with its size and capital requirements, it needs to be considered quite risky. But, for a small cap, it has good institutional support and certainly there is potential here if things go well.