Anfield Energy Inc (AEC) AI Stock Analysis

• Market Cap: C$182.12M
• Dividend Yield: N/A
• Average Volume (3M): 35.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.96
• Revenue Growth: N/A
• EPS Growth: -234.49%
• Country: CA
• Employees: 5
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.22
• Shares Outstanding: 15,877,763
• 10 Day Avg. Volume: 25,982
• 30 Day Avg. Volume: 35,400
• PEG Ratio: 0.04
• Price to Book (P/B): 1.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.26
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: C$11.50 ▲(29.07% Upside)

The score is held down primarily by weak financial performance—no recurring revenue, widening losses, and worsening cash burn that increases financing risk—despite a comparatively supportive balance sheet (positive equity, moderate leverage). Technicals are a clear offset with a strong uptrend and positive momentum, though near-term indicators are stretched. Valuation is limited by negative earnings and no dividend support.

Positive Factors

Strategic resource and processing asset base

Owning both mineral projects and related processing capabilities in the U.S. creates a durable asset base and vertical optionality. This structure supports capture of more project value as assets progress through permitting and development, strengthening long-term commercial leverage versus pure-play explorers.

Comparatively supportive balance sheet

Substantial positive equity and relatively low leverage provide structural financial flexibility versus many junior miners. This buffer reduces immediate insolvency risk, helps absorb near-term losses, and enhances the company’s ability to secure project financing or partnership deals without immediate distress-driven dilution.

Lean operating footprint

A very small permanent headcount indicates a low fixed-cost base and reliance on contractors for exploration/development. Structurally, this enables capital to be directed toward project spend rather than payroll, improving capital efficiency and allowing quicker scaling of operations when financing or partners become available.

Negative Factors

No operating revenue and widening losses

Absent recurring operating revenue and with expanding net losses, the company lacks internally generated funds to advance projects. This structural deficit forces dependence on external capital, delays self-funded development, and means shareholder value is contingent on future successful project commercialization or favorable financing conditions.

Persistent, worsening cash burn

Sustained negative operating and free cash flows erode reserves and increase the cadence of capital raises. Over multiple quarters this raises refinancing and dilution risk, limits ability to fund exploration or permitting, and constrains strategic optionality absent a durable shift to positive cash generation or secured project financing.

Rising debt increases financing risk

Material increase in debt raises fixed obligations and reduces balance-sheet flexibility at a time of negative cash flow. Structurally, higher leverage can increase interest costs, restrict covenant-free access to capital, and amplify dilution risk if debt must be refinanced via equity or convertible instruments to fund ongoing operations.

Anfield Energy Inc Business Overview & Revenue Model

Company Description

Anfield Energy Inc. operates as a uranium and vanadium development and production company in the United States. It primarily explores for uranium, vanadium, and gold deposits. The company's uranium- vanadium portfolio comprises Velvet Wood project located in Utah; West Slope project, which consists of nine department of energy leases covering 6,913 acres situated in Colorado; Frank M deposit located in Utah; and Findlay Tank breccia pipe project situated in Arizona. It also holds interest in the Newsboy gold project that consists of 35 federal lode claims and 4 state leases covering an area of 2,243 acres located in Maricopa County, Arizona. The company was formerly known as Anfield Resources Inc. and changed its name to Anfield Energy Inc. in December 2017. Anfield Energy Inc. was incorporated in 1989 and is headquartered in Burnaby, Canada.

How the Company Makes Money

Anfield Energy Inc makes money primarily through the exploration and development of uranium and vanadium resources. The company generates revenue by extracting these minerals and selling them to nuclear power plants and other industrial customers who require uranium for energy production and vanadium for steel manufacturing and other applications. Strategic partnerships with industry players and advancements in extraction technology also contribute to Anfield's revenue potential by enhancing operational efficiency and expanding market reach.

Anfield Energy Inc Financial Statement Overview

Summary

Fundamentals remain weak: revenue is consistently zero, gross profit is negative, and losses widened in the TTM period (net loss ~-14.7M vs ~-11.4M in 2024). Cash burn is persistent and worsening (TTM operating cash flow ~-15.1M; free cash flow ~-15.8M). The balance sheet provides partial support with positive equity (~50.9M) and moderate leverage (debt-to-equity ~0.22), but debt has risen materially (~2.7M in 2023 to ~11.4M TTM), increasing financing/dilution risk if losses continue.

Income Statement

Operating profile remains weak: revenue is consistently zero across annual periods and TTM (Trailing-Twelve-Months), while gross profit is negative each year. Losses are sizeable and widening again in TTM (Trailing-Twelve-Months) (net loss of ~-14.7M vs ~-11.4M in 2024). A notable exception is 2023 showing positive net income (~13.2M), but with operating losses still large, this appears non-operational/one-time in nature rather than a durable earnings inflection.

Balance Sheet

Balance sheet is mixed but comparatively more stable than earnings: the company currently shows positive equity (TTM (Trailing-Twelve-Months) equity ~50.9M) and moderate leverage (debt-to-equity ~0.22 in TTM (Trailing-Twelve-Months)). However, debt has risen from 2023 to TTM (Trailing-Twelve-Months) (~2.7M to ~11.4M) while profitability remains negative (TTM (Trailing-Twelve-Months) return on equity about -29%), increasing reliance on financing if losses persist.

Cash Flow

Cash generation is a key pressure point: operating cash flow and free cash flow are negative every year and deteriorated in TTM (Trailing-Twelve-Months) (operating cash flow ~-15.1M; free cash flow ~-15.8M) versus 2024 (about -8.1M and -8.2M). While free cash flow growth is shown as positive in the latest period, the company is still burning cash, implying continued funding needs unless spending is reduced or operations improve.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-270.28K	-924.46K	-841.51K	-519.81K	-433.13K	-353.30K
EBITDA	-12.94M	-9.66M	-10.28M	-8.49M	-8.30M	-5.14M
Net Income	-14.75M	-11.45M	13.18M	-8.86M	-9.87M	-7.50M
Balance Sheet
Total Assets	87.89M	80.01M	75.27M	36.01M	31.82M	23.89M
Cash, Cash Equivalents and Short-Term Investments	7.24M	1.38M	2.65M	4.36M	4.94M	1.83M
Total Debt	11.41M	9.28M	2.70M	0.00	22.98M	25.46K
Total Liabilities	36.89M	35.13M	25.68M	21.32M	45.91M	43.04M
Stockholders Equity	50.99M	44.87M	49.60M	14.69M	-14.09M	-19.15M
Cash Flow
Free Cash Flow	-15.76M	-8.24M	-13.16M	-9.46M	-4.96M	-2.79M
Operating Cash Flow	-15.05M	-8.11M	-7.26M	-7.85M	-4.91M	-2.79M
Investing Cash Flow	-2.16M	-938.38K	-4.64M	-1.61M	-3.24M	134.15K
Financing Cash Flow	24.36M	7.78M	10.20M	8.93M	11.21M	4.42M

Anfield Energy Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AEC, the sentiment is Positive. The current price of 8.91 is below the 20-day moving average (MA) of 10.38, below the 50-day MA of 8.98, and above the 200-day MA of 8.61, indicating a bullish trend. The MACD of 1.08 indicates Negative momentum. The RSI at 59.52 is Neutral, neither overbought nor oversold. The STOCH value of 61.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AEC.

Anfield Energy Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
MGA	55 Neutral	C$264.75M	-54.69	-1.98%	―	―	22.89%
SASK	54 Neutral	C$334.26M	-28.42	-4.96%	―	―	52.63%
WUC	51 Neutral	C$74.73M	-5.19	-30.72%	―	102.01%	14.99%
AEC	50 Neutral	C$182.12M	-11.56	-30.73%	―	―	-234.49%
FUU	47 Neutral	C$148.38M	-13.58	-12.38%	―	―	68.37%
PUR	44 Neutral	C$60.75M	-0.82	-943.09%	―	―	―

Anfield Energy Inc Corporate Events

Anfield Energy Raises US$10 Million to Advance U.S. Uranium Projects

Anfield Energy Inc. has raised a total of US$10 million through a non-brokered listed issuer financing offering of common shares and a concurrent non-brokered private placement of subscription receipts, with the latter taken up by UEC Energy Corp., a subsidiary of major shareholder Uranium Energy Corp. The company plans to deploy the proceeds toward capital commitments at its West Slope, Velvet-Wood, Slick Rock and Shootaring Canyon Mill assets as well as for general corporate purposes, while Uranium Energy’s increased participation, classified as a related-party transaction and potential control-person status, remains subject to TSX Venture Exchange and disinterested shareholder approval at a special meeting anticipated in late February 2026.

The most recent analyst rating on (TSE:AEC) stock is a Hold with a C$7.00 price target. To see the full list of analyst forecasts on Anfield Energy Inc stock, see the TSE:AEC Stock Forecast page.

Anfield Energy Revises Private Placement to Raise Up to US$10 Million for U.S. Uranium Projects

Anfield Energy has amended the terms of its previously announced non-brokered financing to comprise a US$6 million listed issuer financing exemption offering of up to 1,345,292 common shares at US$4.46 per share, alongside a concurrent US$4 million private placement of subscription receipts to Uranium Energy Corp., for total potential gross proceeds of up to US$10 million. Each subscription receipt will convert into one common share upon satisfaction of escrow release conditions, including TSX Venture Exchange approval of Uranium Energy’s participation and disinterested shareholder approval of Uranium Energy as a Control Person, with closing targeted on or about January 7, 2026; net proceeds are earmarked for capital commitments at the West Slope, Velvet-Wood and Slick Rock projects, the Shootaring Canyon Mill, and for general corporate purposes, reinforcing Anfield’s funding position while navigating related-party and minority shareholder protections under Canadian securities rules.

Anfield Energy Targets $14 Million in Dual Financing to Advance U.S. Uranium Portfolio

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.

Anfield Energy to Acquire BRS Engineering, Bringing Uranium Expertise In-House

Anfield Energy Inc. has signed a definitive stock purchase agreement to acquire Wyoming-based BRS Inc., a leading uranium-focused engineering, mine development, construction management and geology consulting firm that has been a key technical partner to Anfield since 2014. By bringing BRS and its founder, Chief Operating Officer and Qualified Person Douglas L. Beahm, in-house, Anfield aims to significantly enhance its technical depth in uranium and vanadium, streamline project execution, cut third‑party consulting costs and accelerate its path toward uranium production and the restart of the Shootaring Canyon mill. The deal, structured as US$5 million in staged cash payments with no share issuance or finder’s fees, is expected to strengthen Anfield’s vertical integration, support potential new service lines and geographic expansion for BRS’s consulting business, and improve the company’s ability to identify and advance additional projects, thereby reinforcing its competitive position as domestic uranium demand increases.