Anfield Energy Taps New CFO for Uranium Production Push

VANCOUVER, BC – December 29, 2025 – Anfield Energy Inc. has appointed veteran finance professional Lubica Niemann as its new Chief Financial Officer, a strategic move signaling the company's intensified focus on transitioning from a developer to a uranium producer. The appointment, effective January 1, 2026, comes as the company expands its U.S. operations and navigates the complexities of its dual listing on the NASDAQ and TSX-Venture Exchange.

The leadership change, which sees outgoing CFO Laara Shaffer remain as a Director, was announced alongside a significant issuance of equity incentives to key directors, officers, and consultants. The market responded with notable optimism, with Anfield's stock (NASDAQ: AEC, TSX.V: AEC) surging nearly 18% over the past week to trade at $5.26, lifting its market capitalization to approximately $80 million. This confluence of a strengthened executive team, performance-based incentives, and positive investor sentiment underscores a pivotal moment for the uranium and vanadium hopeful as it aims to capitalize on the growing "nuclear renaissance."

Fortifying Financial Leadership for the Next Chapter

Lubica Niemann steps into the CFO role bringing fifteen years of deep experience in accounting and financial reporting, honed primarily within the demanding environment of publicly traded companies. Her background includes crucial roles as a controller for TSXV-listed firms such as Kutcho Copper Corporation and MineHub Technologies Inc., where she managed complex financial operations, reporting, and audit coordinations.

According to Anfield's CEO, Corey Dias, Ms. Niemann is already familiar with the company's financial landscape, having previously provided reporting support. This existing relationship is expected to facilitate a seamless transition. Dias emphasized that her hands-on experience with publicly-traded resource companies is invaluable as Anfield deepens its footprint in the United States and meets the stringent reporting requirements of its NASDAQ listing. Ms. Niemann holds a Bachelor of Technology in Accounting from the British Columbia Institute of Technology.

The appointment comes at a critical juncture. The role of a CFO in a resource company moving from development to production is exceptionally challenging. It extends far beyond simple bookkeeping to encompass strategic capital raising for mine construction, managing commodity price volatility through sophisticated risk management, and ensuring unwavering compliance across multiple international regulatory frameworks. For a company like Anfield, securing the substantial capital needed for its production ambitions while managing the expectations of a diverse investor base will be a primary focus for its new financial chief.

Aligning Ambition with Incentives

Coinciding with the leadership announcement, Anfield's board signaled its intent to lock in long-term commitment from its team by granting a substantial package of equity incentives. The company plans to issue 769,401 restricted share units (RSUs) and 560,572 incentive stock options to its directors, officers, and consultants, effective December 31, 2025.

The RSUs are designed to foster retention, vesting in one year only if the recipient remains with the company. The stock options, meanwhile, vest immediately and are exercisable at $6.90 per share—a premium to the current trading price—with a ten-year term until December 31, 2030. This structure is a common and powerful tool in the capital-intensive resource sector, designed to align the personal financial success of the leadership team directly with the creation of long-term shareholder value. By setting the option exercise price above the current market price, the board is incentivizing management not just to maintain the status quo, but to drive significant growth that lifts the company's valuation.

While such grants can lead to future share dilution, they are often viewed by investors as a necessary component of motivating the high-caliber talent required to navigate the perilous journey from exploration to profitable production. The positive market reaction suggests shareholders are, for now, interpreting the move as a confident step towards achieving the company's ambitious goals.

Navigating the Nuclear Renaissance

Anfield's strategic maneuvers are set against the backdrop of a global energy landscape that is increasingly re-evaluating the role of nuclear power. Amidst the push for decarbonization and energy security, the so-called "nuclear renaissance" is gaining momentum, driving renewed interest and investment in the uranium sector. As a developer of both uranium and vanadium—a key element in steel production and emerging battery technologies—Anfield is positioning itself to become a key supplier for this new energy paradigm.

The company's stated goal is to "advance toward uranium production," a complex and costly undertaking. This transition involves navigating a labyrinth of regulatory hurdles, including extensive environmental assessments and permitting processes, particularly within the United States where the company is focusing its expansion. Furthermore, bringing a project from blueprints to a fully operational mine requires immense capital investment for construction, processing facilities, and infrastructure. Ms. Niemann's expertise in financial strategy and capital acquisition will be put to the test as she works to secure the funding necessary to turn Anfield's assets into cash-flowing operations.

A Balance of Optimism and Financial Reality

The recent surge in Anfield's stock price reflects clear market enthusiasm for its strategic direction and strengthened leadership. Investors appear to be buying into the narrative of a company on the cusp of a major growth phase, powered by a favorable macroeconomic environment for nuclear energy.

However, a closer look at the company's financial health reveals the significant challenges that lie ahead. Recent analysis from InvestingPro assigned Anfield a "WEAK" overall financial health score of 1.65, pointing to underlying vulnerabilities. The company reported a negative EBITDA of $8.9 million over the last twelve months, highlighting that it remains a pre-revenue entity burning cash to fund its development activities.

This juxtaposition of positive market sentiment and challenging financial metrics encapsulates the high-risk, high-reward nature of the junior mining sector. While the appointment of a seasoned CFO and the implementation of strategic incentives are critical steps in de-risking the path to production, Anfield must still successfully navigate the capital-intensive and technically demanding journey to becoming a profitable uranium supplier. The recent moves have set the stage, but the true test of execution lies in the months and years ahead.