VANCOUVER, British Columbia, June 08, 2026 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (NASDAQ: AEC; TSX.V: AEC; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to provide a current update on the renewal and reactivation of its radioactive materials license (the “License”) for the Shootaring Canyon Uranium Mill (“Shootaring”) in Utah. During the first months of 2026, the Company worked closely with the Utah Department of Environmental Quality (UDEQ) to address all requests for additional information related to the License renewal application. As part of these efforts, Anfield successfully completed the drilling of 8 additional monitoring wells , a key requirement prior to resuming full operations at Shootaring. Building on this progress, Anfield is pleased to also announce that it has initiated preparatory refurbishment work at the Shootaring. The Company has begun the removal of existing leach tanks in the leach building to prepare the facility for comprehensive refurbishment and future operational upgrades. All current site activities are being conducted under the Company’s existing License and in full regulatory compliance. This effort has the dual purpose of reducing Anfield’s reclamation obligations and preparing Shootaring for refurbishment. The Company continues to work with PSE Engineering to prepare the final detailed engineering designs. This work is intended to enable Anfield to move quickly and efficiently through the necessary refurbishment steps toward resuming production in 2027. The Company expects to complete the License renewal by the end of the year and plans to be fully prepared to quickly move forward with the refurbishment upon approval. Corey Dias, Anfield CEO , commented: “We are pleased with the continued momentum at the Shootaring Canyon Mill. Completing the additional monitoring wells, commencing leach tank removal under our current license, and advancing detailed engineering with PSE Engineering all demonstrate our proactive and methodical approach to mill reactivation. At the same time, Shootaring represents the next chapter in American conventional uranium milling. As one of only three fully licensed, permitted, and constructed conventional uranium mills in the country, its successful reactivation will mark a meaningful expansion of U.S. milling infrastructure — not competition for its own sake, but growth for the industry’s long-term resilience. “With our reactivation plan well underway — including an affirmative completeness review from the Utah DEQ — Shootaring is positioned to resume operations in 2027, adding vital new domestic milling capacity and positioning Anfield as the next company to lead this wave of U.S. energy and nuclear energy independence.” In addition, Anfield has begun the buildout of a new temporary man camp to support upcoming construction and operational activities. The man camp is being constructed just outside of the mill boundaries on private land owned by the Company. The facility is expected to be completed by the end of the year to coincide with the anticipated start of major refurbishment construction. It will accommodate up to 40 workers and will also serve to house personnel during the transition from refurbishment to initial production. These early refurbishment activities, detailed engineering progress, and supporting infrastructure development represent an important step forward in the Shootaring reactivation process. Shootaring remains one of only three licensed and permitted conventional uranium mills in the United States and is central to Anfield’s hub-and-spoke strategy for near-term uranium and vanadium production in the U.S. The Company continues to advance the overall License renewal while simultaneously progressing Shootaring refurbishment plans, including upgrades targeting 1,000 tons per day throughput capacity. These efforts are aligned with Anfield’s objective of recommencing mineral resource processing from its nearby uranium-vanadium projects. Anfield will continue to provide updates on the License renewal process, ongoing site work, detailed engineering progress, and integration with the Company’s mine development pipeline (including the Velvet-Wood project) as further milestones are achieved. Market-Making and Investor Relations Engagements The Company announces that it has entered into an investor relations agreement (the “IR Agreement”) with CorProminence LLC. (“CORE IR”) dated June 1, 2026. The IR Agreement has an initial twelve-month term and thereafter will automatically extend for successive six-month terms unless terminated by either party upon thirty days’ prior written notice. The Company has agreed to pay CORE IR US $25,000 on a monthly basis for public relations, digital and social media services (“PR Services”). Moreover, and following the fourth month of PR Services, the Company has agreed to pay CORE IR an additional US $15,000 on a monthly basis for IR Services (as defined below) for the remainder of the term