As at December 31, 2025, an amount of $278,502 (2024 - $223,489) was owed to related parties. These amounts are unsecured, non-interest bearing and have no fixed terms of repayment.

As at December 31, 2025, an amount of $nil (2024 - $4,515) was recorded in prepaid expenses for advances to a company controlled by the former Chief Financial Officer of the Company for future consulting fees.

As at December 31, 2025, an amount of $956 (2024 - $14) was recorded in prepaid expenses for advances to a director of the Company for future consulting fees.

As at December 31, 2025, an amount of $10,144 (2024 - $nil) was recorded in prepaid expenses for advances to a director of the Company for property expenditures.

As at December 31, 2025, an amount of $7,152 (2024 - $nil) was recorded in prepaid expenses for advances to the Chief Operations Officer of the Company for future consulting fees.

Anfield Energy Inc.

Notes to the Consolidated Financial Statements

For the years ended December 31, 2025 and 2024

(Expressed in Canadian Dollars)

On August 2, 2024, the Company entered into a loan agreement with a director of the Company for $1,650,000. The Company received proceeds of $1,485,000, net of original issue discount of $165,000. The loan is unsecured, non-interest bearing and due on August 2, 2025. The carrying value of the loan was accreted using the effective interest rate method over the term of the loan. The effective interest rate was estimated at 10.66%. On October 1, 2024, the loan was repaid through proceeds from the IsoEnergy Ltd. loan (Note 11).

SCHEDULE OF LOAN PAYABLE 

The Company incurred the following transactions with companies that are controlled or managed by directors of the Company:

SCHEDULE OF RELATED PARTY TRANSACTIONS WITH COMPANIES 

The Company has identified its directors and certain senior officers as its key management. Key management and director compensation during the years ended December 31, 2025 and 2024, are as follows: