12:25 PM EST, 01/14/2025 (MT Newswires) -- Anfield Energy ( ANLDF ) on Tuesday said Uranium Energy ( UEC ) will acquire 107.14-million shares of the company, for $15 million in total as Anfield pursues a listing of its shares on a senior US stock exchange.

Anfield, which terminated its proposed $126.8-million sale to IsoEnergy ( ISENF ) , also increased its credit facility by US$8 million to repay IsoEnergy's ( ISENF ) C$6-million promissory note dated Oct. 1, 2024.

"The company has evaluated its options with regard to moving Anfield towards uranium and vanadium production and, as confirmed by the board of directors, we see compelling value in the premium-priced C$15 million UEC strategic equity financing, said Corey Dias, Anfield's chief executive. "In addition to this proposed equity financing, Extract has agreed to increase its credit facility by US$8 million. This results in total financing of approximately C$26.5 million and provides the company with significant runway to pursue, amongst other things, a listing on a senior US stock exchange, the continuing engagement of the State of Utah with regard to the radioactive materials license upgrade and the company's Shootaring mill reactivation plan."

Anfield Energy ( ANLDF ) was last seen up $0.01 to $0.095 on the TSX Venture Exchange.

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