Anfield Energy Inc. entered into definitive agreement to acquire Slick Rock Property in San Miguel County, Colorado from Uranium Energy Corp. in an asset swap transaction.

Anfield Energy Inc. (TSXV:AEC) entered into definitive agreement to acquire Slick Rock Property in San Miguel County, Colorado from Uranium Energy Corp. (NYSEAM:UEC) in an asset swap transaction on April 21, 2022. Pursuant to the terms of the Property Swap, Anfield will acquire UEC's interest in the Slick Rock uraniumvanadium property located in San Miguel County, Colorado, in exchange for UEC acquiring Anfield's ISR uranium asset portfolio in Wyoming, which includes the Charlie project located in the Pumpkin Buttes uranium district of Johnson County, Wyoming, along with earlier stage properties in Wyoming, including one project in the Black Hills, seven projects in the Great Divide Basin, one project in the Laramide Basin, nine projects in the Powder River Basin, two projects in the Shirley Basin and four projects in the Wind River Basin.

The Transaction is subject to customary closing conditions, including approval by the TSX Venture Exchange. Haywood Securities Inc. is acting as financial advisor and Cassels Brock & Blackwell LLP is acting as legal counsel to Anfield with respect to the Transaction.