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Anfield Energy Inc ( (TSE:AEC) ) has issued an announcement.
Anfield Energy Inc. has launched a non-brokered listed issuer financing offering of up to 1,120,000 common shares at $6.25 per share to raise up to $7 million, alongside a concurrent non-brokered private placement of up to 1,120,000 subscription receipts to Uranium Energy Corp. at the same price for an additional $7 million, for total expected gross proceeds of up to $14 million. The capital will be directed toward advancing Anfield’s West Slope, Velvet-Wood and Slick Rock uranium projects, as well as the Shootaring Canyon Mill, and for general corporate purposes, while Uranium Energy’s participation could see it become a control person in Anfield pending TSX Venture Exchange and disinterested shareholder approvals, underscoring both deepened strategic ties and the regulatory scrutiny accompanying this related-party financing.
Spark’s Take on TSE:AEC Stock
According to Spark, TipRanks’ AI Analyst, TSE:AEC is a Underperform.
Anfield Energy Inc. struggles with significant financial issues, including ongoing losses and negative cash flows, which are major detractors from its stock score. The technical analysis indicates bearish trends, further limiting its attractiveness. Despite these challenges, recent strategic corporate events provide some positive outlook for potential growth. However, negative valuation metrics and the lack of earnings growth weigh heavily against the stock’s overall appeal.
To see Spark’s full report on TSE:AEC stock, click here.
More about Anfield Energy Inc
Anfield Energy Inc. is a Vancouver-based uranium and vanadium development company with projects including the West Slope, Velvet-Wood and Slick Rock uranium projects and the Shootaring Canyon Mill in the United States. The company is focused on advancing these assets toward production and strengthening its position in the North American nuclear fuel supply chain.
Average Trading Volume: 58,747
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$98.76M
For an in-depth examination of AEC stock, go to TipRanks’ Overview page.