| SCHEDULE OF CONTINUITY OF EXPLORATION AND EVALUATION ASSETS |
A
continuity of exploration and evaluation assets is as follows:
SCHEDULE
OF CONTINUITY OF EXPLORATION AND EVALUATION ASSETS
| | |
| | | |
| | |
|
| | | |
| | | |
| | |
| | |
| | |
| |
Arizona Properties | | |
| |
| | |
Uranium Properties | | |
Colorado Properties | |
|
Newsboy Gold | | |
Artillery Peak | | |
Total | |
| Balance, December 31, 2023 | |
$ | 15,828,599 | | |
$ | 11,781,063 | |
|
$ | 2,405,698 | | |
$ | 4,434,198 | | |
$ | 34,449,558 | |
| Acquisitions cost | |
| 1,163,334 | | |
| 136,633 | |
|
| — | | |
| — | | |
| 1,299,967 | |
| Change in ARO estimates | |
| — | | |
| 232,329 | |
|
| — | | |
| — | | |
| 232,329 | |
| Foreign exchange | |
| 1,451,013 | | |
| 1,018,010 | |
|
| 206,371 | | |
| 361,145 | | |
| 3,036,539 | |
| Impairment | |
| — | | |
| — | |
|
| — | | |
| (378,605 | ) | |
| (378,605 | ) |
| Balance, December 31, 2024 | |
$ | 18,442,946 | | |
$ | 13,168,035 | |
|
$ | 2,612,069 | | |
$ | 4,416,738 | | |
$ | 38,639,788 | |
| Acquisition costs | |
| — | | |
| 1,331,904 | |
|
| — | | |
| — | | |
| 1,331,904 | |
| Change in ARO estimates | |
| — | | |
| (122,502 | ) |
|
| — | | |
| — | | |
| (122,502 | ) |
| Foreign exchange | |
| (880,955 | ) | |
| (651,813 | ) |
|
| (124,770 | ) | |
| (210,972 | ) | |
| (1,868,510 | ) |
| Balance, December 31, 2025 | |
$ | 17,561,991 | | |
$ | 13,725,624 | |
|
$ | 2,487,299 | | |
$ | 4,205,766 | | |
$ | 37,980,680 | |
|
| Schedule of Exploration and Evaluation Expenditures Included in Comprehensive Loss |
The
following exploration and evaluation expenditures were included in comprehensive loss for the years ended December 31, 2025 and 2024
are as follows:
Schedule
of Exploration and Evaluation Expenditures Included in Comprehensive Loss
| | |
Uranium Properties | | |
Colorado Properties | | |
Newsboy Gold | | |
Artillery Peak | | |
Total | |
| Consulting | |
$ | 1,004,570 | | |
$ | 1,484,649 | | |
$ | — | | |
$ | — | | |
$ | 2,489,219 | |
| Sundry field | |
| 339,436 | | |
| 137,523 | | |
| — | | |
| — | | |
| 476,959 | |
| Sampling, assaying, geophysics | |
| 246,298 | | |
| 74,102 | | |
| — | | |
| — | | |
| 320,400 | |
| License, filing and insurance | |
| 1,898,866 | | |
| 555,448 | | |
| 37,739 | | |
| — | | |
| 2,492,053 | |
| Lease and royalty | |
| 696,738 | | |
| 567,673 | | |
| — | | |
| — | | |
| 1,264,411 | |
| Property tax | |
| 58,550 | | |
| 44,253 | | |
| — | | |
| — | | |
| 102,803 | |
| Drilling | |
| 90,970 | | |
| 285,769 | | |
| — | | |
| — | | |
| 376,739 | |
| Salaries, wages and related expense | |
| 50,473 | | |
| 197,139 | | |
| — | | |
| — | | |
| 247,612 | |
| Reclamation | |
| — | | |
| 116,192 | | |
| — | | |
| — | | |
| 116,192 | |
| Total for the year ended December 31, 2025 | |
$ | 4,385,901 | | |
$ | 3,462,748 | | |
$ | 37,739 | | |
$ | — | | |
$ | 7,886,388 | |
Anfield
Energy Inc.
Notes
to the Consolidated Financial Statements
For the
years ended December 31, 2025 and 2024
(Expressed
in Canadian Dollars)
| 7. | Exploration
and Evaluation Assets (Continued) |
| | |
Uranium Properties | | |
Colorado Properties | | |
Newsboy Gold | | |
Artillery Peak | |
|
Total | |
| Consulting | |
$ | 357,528 | | |
$ | 815,011 | | |
$ | — | | |
$ | — | |
|
$ | 1,172,539 | |
| Sundry field | |
| 102,537 | | |
| 7,391 | | |
| — | | |
| — | |
|
| 109,928 | |
| Sampling, assaying, geophysics | |
| 173,935 | | |
| 2,962 | | |
| — | | |
| — | |
|
| 176,897 | |
| License, filing and insurance | |
| 1,561,462 | | |
| 126,270 | | |
| 32,727 | | |
| 55,710 | |
|
| 1,776,169 | |
| Lease and royalty | |
| 462,489 | | |
| 560,000 | | |
| — | | |
| — | |
|
| 1,022,489 | |
| Drilling | |
| — | | |
| 691,309 | | |
| — | | |
| — | |
|
| 691,309 | |
| Property tax | |
| 59,190 | | |
| 41,149 | | |
| — | | |
| — | |
|
| 100,339 | |
| Termination of acquisition agreement | |
| 225,608 | | |
| — | | |
| — | | |
| — | |
|
| 225,608 | |
| Total for the year ended December 31, 2024 | |
$ | 2,942,749 | | |
$ | 2,244,092 | | |
$ | 32,727 | | |
$ | 55,710 | |
|
$ | 5,275,278 | |
|