Terra Clean talks REE potential at Fraser Lakes B

Terra Clean Energy Corp. has released news highlighting the significant Rare Earth Element (REE) potential at its Fraser Lakes B Deposit, which is part of the South Falcon East project in Saskatchewan. The company states that this REE potential has been confirmed by drilling and assays, with details available in a technical report filed on SEDAR+ on February 9, 2023. Specific REE oxides identified include Lanthanum (La2O3), Cerium (Ce2O3), Ytterbium (Yb2O3), and Yttrium (Y2O3).

The news further emphasizes that the Fraser Lakes B Deposit is recognized as an active Government of Canada Rare Earth Deposit. Terra Clean is a participating partner in a multiyear study of REEs in northeastern Saskatchewan, which is funded by Natural Resources Canada (NRC) through a grant awarded to the University of Saskatchewan in March 2024.

Management, including CEO Greg Cameron and VP of Exploration Trevor Perkins, stressed the "renewed interest" and "strategic importance" of REEs in today's environment, committing to ensure this value is understood and unlocked alongside the ongoing development of the company's uranium deposit at Fraser Lakes. The release also reiterated a historic mineral resource for uranium (6.9 million pounds inferred U3O8 at 0.03%) and thorium (5.3 million pounds inferred ThO2 at 0.023%), while explicitly stating that the company does not treat this resource as current and requires further work to classify it as such.

The news is primarily a strategic communication by Terra Clean Energy Corp. to draw attention to existing, rather than new, information. The REE potential and historic resources are based on a technical report from February 2023, and the government study participation began in March 2024. Therefore, no new geological discoveries, assay results, or resource upgrades have been announced in this release dated October 15, 2025.

However, the news has a positive impact on market awareness and sentiment for several reasons: 1. Strategic Re-emphasis: By explicitly referencing "renewed interest" in REEs and their "strategic importance," management is actively positioning the company to benefit from current market trends. This proactive communication could attract new investor interest that might have overlooked the REE aspect of the project. 2. Government Endorsement and Collaboration: The fact that Fraser Lakes B is listed as an active Government of Canada Rare Earth Deposit and that Terra Clean is a partner in an NRC-funded study provides a significant level of credibility and validation to the REE potential. Government involvement can de-risk projects, offer technical support, and potentially open doors for future funding or partnerships. 3. Diversification of Focus (or perception thereof): While uranium has been a primary focus, highlighting the REE potential suggests a broader asset base, which could be appealing to a wider range of investors.

The explicit disclaimer regarding the historic nature of the uranium and thorium resources is a critical point that tempers expectations. It means these figures cannot be relied upon for economic assessments and that significant capital and work are still required to establish current, compliant resources.

Overall, this is a routine yet positive development aimed at enhancing investor perception and highlighting latent value in a favorable market. It is not a game-changing event that fundamentally alters the company's value proposition overnight but rather a reinforcement of existing potential.

Terra Clean Energy Corp. is an exploration company focused on critical minerals in Saskatchewan, Canada. Its flagship asset is the South Falcon East project, encompassing approximately 12,464 hectares within the southeastern Athabasca Basin. The project is strategically located with good existing infrastructure, including proximity to power lines and roads.

The core of the South Falcon East project is the Fraser Lakes B Deposit, which is known for: * Uranium & Thorium: It hosts a historic inferred mineral resource of 6.9 million pounds U3O8 at 0.03% and 5.3 million pounds ThO2 at 0.023%. Importantly, the company explicitly states these are historic figures and are not considered current or compliant with NI 43-101 for economic evaluation. * Rare Earth Elements (REEs): The deposit also shows significant REE potential, confirmed by past drilling and assays, with identified oxides including Lanthanum, Cerium, Ytterbium, and Yttrium. This REE aspect is gaining prominence, as the deposit is recognized by the Government of Canada as an active REE deposit. Terra Clean is actively participating in a multiyear, government-funded study of REEs in the region.

The company aims to advance both its uranium and REE potential, adapting its strategy to global market interest and strategic importance of these critical minerals.