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AEC

Anfield Energy Inc. Common Shares

AEC

Anfield Energy Inc. Common Shares • NASDAQ
$6.53 ▼ -0.91% (-0.06)
Market Cap $103.68 M
52w High $12.49
52w Low $2.25
Dividend Yield 0%
P/E -10.2
Volume 20.49K
Outstanding Shares 15.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $0 $3.378M ▲ $-4.328M ▼ 0% $-21 ▼ $-3.843M ▼
Q1-2025 $0 $2.592M ▼ $-2.768M ▲ 0% $-0.18 ▼ $-2.515M ▲
Q4-2024 $0 $4.231M ▲ $-4.154M ▼ 0% $0 ▲ $-3.831M ▼
Q3-2024 $0 $2.337M ▼ $-2.439M ▲ 0% $-0.18 ▲ $-2.225M ▲
Q2-2024 $0 $2.525M $-2.7M 0% $-15 $-2.529M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $11.01M ▼ $87.415M ▼ $35.339M ▼ $52.076M ▼
Q1-2025 $13.987M ▲ $93.792M ▲ $36.238M ▲ $57.554M ▲
Q4-2024 $1.385M ▲ $80.009M ▲ $35.135M ▲ $44.874M ▼
Q3-2024 $104.958K ▼ $74.703M ▼ $29.737M ▲ $44.966M ▼
Q2-2024 $564.069K $75.544M $27.639M $47.906M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-4.328M ▼ $-2.909M ▲ $-118.797K ▲ $40.484K ▼ $-2.988M ▼ $-2.909M ▲
Q1-2025 $-2.768M ▲ $-2.938M ▲ $-1.487M ▼ $17.051M ▲ $12.626M ▲ $-3.506M ▲
Q4-2024 $-4.154M ▼ $-3.937M ▼ $-359.129K ▼ $5.583M ▲ $1.286M ▲ $-4.074M ▼
Q3-2024 $-2.439M ▲ $-1.808M ▼ $-165.528K ▲ $1.508M ▲ $-465.687K ▲ $-1.808M ▼
Q2-2024 $-2.7M $-1.034M $-192.748K $552.5K $-673.926K $-1.034M

Five-Year Company Overview

Income Statement

Income Statement AEC is still a pre-revenue company: it has no meaningful sales yet and its results are driven mainly by corporate, exploration, and development costs. Profitability has swung between small gains and losses, but this is from accounting and financing effects rather than from an operating business. In practical terms, the company is in a build-out phase, spending money to advance projects and its mill rather than generating steady income.

Balance Sheet

Balance Sheet The balance sheet is small and characteristic of an early-stage resource developer. Assets have inched up over time, reflecting project and mill-related investments, while equity has moved from negative to positive, suggesting some balance-sheet repair through capital raises. The recent appearance of a modest amount of debt adds a bit of leverage but does not yet dominate the structure. Overall, financial resources look limited, so continued access to external funding remains important.

Cash Flow

Cash Flow Cash flow is consistently negative from operations, which is typical for a company without production. Free cash flow is also negative, showing that ongoing project work and corporate costs are consuming cash rather than generating it. With no meaningful internal cash generation, the business depends on raising capital or partnering to fund its development plans and mill restart efforts.

Competitive Edge

Competitive Edge Competitively, AEC’s standout asset is its ownership of the Shootaring Canyon Mill, one of very few licensed uranium mills in the United States. This creates a real processing bottleneck advantage and underpins the hub-and-spoke model linking multiple nearby uranium and vanadium projects to a single central mill. The acquisition by IsoEnergy strengthens this position by combining a rare processing facility with a broader resource base, though the company still faces exposure to uranium and vanadium price cycles, regulatory approvals, and competition from other North American uranium developers.

Innovation and R&D

Innovation and R&D Innovation here is more strategic than technological. The hub-and-spoke approach, centered on a scarce licensed mill, is the key design choice, aimed at lowering costs and improving logistics by feeding several mines into one processing site. Efforts to standardize underground equipment and expand mill capacity are focused on efficiency rather than breakthrough technology. Future value from these initiatives will depend heavily on successful permitting, mill refurbishment, and disciplined execution of the mine-to-mill plan within IsoEnergy.

Summary

Overall, AEC looks like an early-stage, infrastructure-rich uranium and vanadium platform: no current revenue, a lean but gradually improving balance sheet, and ongoing cash burn tied to development. Its main strength is a rare U.S. uranium mill and a portfolio built to feed it, now backed by a larger parent in IsoEnergy. The main uncertainties lie in project execution, regulatory progress, funding needs, and commodity price conditions that will determine whether this strategic position can be translated into stable, long-term operations.