$AEC

ANFIELD ENERGY INC.

CIK:0001519469|SEC Filings

Consolidated Statements of Comprehensive Loss	12 Months Ended
Consolidated Statements of Comprehensive Loss	Dec. 31, 2025 USD ($) shares	Dec. 31, 2025 CAD ($) $ / shares shares	Dec. 31, 2024 USD ($) shares	Dec. 31, 2024 CAD ($) $ / shares shares
Expenses
Consulting		$ 2,534,539		$ 2,517,149
Depreciation		9,129		3,877
Director’s fees and audit committee		230,000
Exploration and evaluation expenditures		7,886,388		5,275,278
General and administrative		347,925		572,682
Indemnification support fee		333,361
Insurance	$ 703,839	139,668	$ 567,670	52,908
Listing expense		481,011
Loss (gain) on foreign exchange		632,287		(620,196)
Payroll expense		166,604
Professional fees		1,020,860		1,738,107
Shareholder communications		127,211		195,943
Share-based compensation		3,297,085
Transfer agent and filing fees		289,611		77,080
Total expenses		17,495,679		9,812,828
Net loss before other items		(17,495,679)		(9,812,828)
Other items
Accretion expense of discount and interest expense on loans payable		(1,823,393)		(861,123)
Accretion expense for asset retirement obligations		(1,066,100)		(920,583)
Impairment of exploration and evaluation assets				(378,605)
Interest income		670,855		513,693
Other income		6,209		24,670
Unrealized loss on marketable securities		(14,153)		(10,943)
Write-off of accounts payable				67
Net loss		(19,722,261)		(11,445,652)
Other comprehensive loss that may be reclassified to profit or loss:
Exchange differences on translating foreign operations		(1,762,045)		3,373,293
Total comprehensive loss		$ (21,484,306)		$ (8,072,359)
Loss per share - basic \| $ / shares		$ (1.28)		$ (0.84)
Loss per share - diluted \| $ / shares		$ (1.28)		$ (0.84)
Weighted average shares outstanding - basic \| shares	15,445,392	15,445,392	13,592,933	13,592,933
Weighted average shares outstanding - diluted \| shares	15,445,392	15,445,392	13,592,933	13,592,933

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Dec. 31, 2025 CAD ($)	Dec. 31, 2024 CAD ($)
Cash Flows from Operating Activities
Net loss	$ (19,722,261)	$ (11,445,652)
Adjustments for non-cash items:
Accretion of asset retirement obligations	1,066,100	920,583
Accretion of discount and interest expense on loan payable	1,777,174	861,123
Depreciation	9,129	3,877
Foreign exchange	(1,056,653)	(1,173,049)
Impairment of exploration and evaluation assets		378,605
Share-based compensation	3,297,085
Unrealized loss on marketable securities	14,153	10,943
Write-off of accounts payable		(67)
Changes in non-cash working capital:
Receivables	(7,987)	(6,197)
Prepaids and deposits	(463,542)	518,843
Accounts payable and accrued liabilities	663,336	1,701,743
Due to related parties	55,013	122,048
Net cash flows used in operating activities	(14,368,453)	(8,107,200)
Cash Flows from Investing Activities
Acquisition of exploration and evaluation assets	(568,136)	(136,633)
Investment income from reclamation bond reinvested	(658,177)
Purchase of property and equipment	(600,253)
Reclamation deposit	(747,784)	(801,744)
Security deposits paid for property and equipment	(1,645,476)
Net cash flows used in investing activities	(4,219,826)	(938,377)
Cash Flows from Financing Activities
Proceeds from share issuances	15,000,000
Proceeds from exercise of warrants	3,809,385	2,026,937
Deferred financing costs	(272,226)
Refund of share issuance costs		22,906
Repayment of loan payable and interest	(6,161,721)
Proceeds from loan payable, net	8,212,407	5,899,864
Proceeds from related party loan payable		1,485,000
Repayment of related party loan payable		(1,650,000)
Net cash flows from financing activities	20,587,845	7,784,707
Increase (decrease) in cash	1,999,566	(1,260,870)
Cash, beginning	1,350,411	2,611,281
Cash, ending	3,349,977	1,350,411
Non-cash Investing and Financing Activities:
Deferred financing costs included in accounts payable	347,536
Fair value of warrants reclassified to share capital upon exercise	338,854
Fair value of warrants issued for Credit Facility	532,967
Fair value of warrants issued upon modification of Credit Facility		250,109
Stock options expired unexercised or cancelled	912,566
Shares issued for exploration and evaluation assets	$ 763,768	$ 1,050,000

Consolidated Statements of Financial Position - CAD ($)	Dec. 31, 2025	Dec. 31, 2024
Current Assets
Cash	$ 3,349,977	$ 1,350,411
Receivables	57,672	49,685
Prepaids and deposits	1,447,634	1,035,439
Marketable securities	19,884	34,563
Deferred financing costs	619,762
Total Current Assets	5,494,929	2,470,098
Non-current Assets
Insurance premium	424,083	372,736
Reclamation bonds	16,725,199	16,087,691
Deposits on equipment	1,645,476
Property and equipment	21,814,880	22,438,706
Exploration and evaluation assets	37,980,680	38,639,788
Total Non-current Assets	78,590,318	77,538,921
Total Assets	84,085,247	80,009,019
Current Liabilities
Accounts payable and accrued liabilities	1,242,676	1,651,411
Due to related parties	278,502	223,489
Loans payable		5,899,864
Total Current Liabilities	1,521,178	7,774,764
Long-term Liabilities
Asset retirement obligations	23,619,386	23,975,931
Loans payable	12,151,389	3,383,929
Total Liabilities	37,291,953	35,134,624
Equity
Share capital	130,440,944	110,528,937
Equity reserve	14,840
Stock option reserve	9,360,839	6,991,160
Warrant reserve	7,605,901	7,411,788
Foreign exchange reserve	2,725,132	4,487,177
Deficit	(103,354,362)	(84,544,667)
Total Equity	46,793,294	44,874,395
Total Equity and Liabilities	$ 84,085,247	$ 80,009,019