Terra Clean's Fraser Lakes B Deposit Contains Significant Rare Earth Element Potential and is Listed as an Active Government of Canada Rare Earth Deposit

Executive Summary

• Terra Clean Energy highlights the rare‑earth element potential of its Fraser Lakes B Deposit, citing confirmed drilling and assay results.
• The deposit contains significant concentrations of La₂O₃, Ce₂O₃, Yb₂O₃ and Y₂O₃, which are critical for automotive, battery, magnet and other high‑tech applications.
• Management emphasizes that the REE component adds upside to the existing uranium resource and will be further explored alongside ongoing uranium development.

Key Details

• The REE presence is documented in a technical report filed on sedarplus.ca (02 Sept 2023).
• Light rare‑earth oxides identified:
• Lanthanum oxide (La₂O₃) – used in phosphate binders, Ni‑MH batteries, catalytic converters, specialty glass and alloys.
• Cerium oxide (Ce₂O₃) – employed as a polishing agent, automotive catalyst, metallurgy additive, flint for lighters, and battery components.
• Ytterbium oxide (Yb₂O₃) – applications include stainless‑steel improvement, dental alloys, portable X‑ray machines, atomic clocks, superconductors, lasers/amplifiers, fiber‑optic communications and quantum computing.
• Yttrium oxide (Y₂O₃) – key for LED/phosphor technology, medical/industrial lasers, high‑temperature ceramics, alloy additives, microwave filters, automotive sensors, and certain cancer‑therapy isotopes.
• The South Falcon East Project hosts the Fraser Lakes B Deposit with a historic resource of 6.9 M lb U₃O₈ (0.03% grade) and 5.3 M lb ThO₂ (0.023% grade).
• Deposit covers ~12,464 ha, located 18 km outside the Athabasca Basin, with nearby power line (~10 km) and road access.
• A Government of Canada grant to the University of Saskatchewan (Mar 2024) funds a multi‑year REE study in northeastern Saskatchewan; Terra is a participating partner.
• CEO Greg Cameron states: “We are sitting on an active REE deposit… this deposit adds significant upside…”
• VP Exploration Trevor Perkins adds: “With continued drilling and study we will add to both the uranium and REE resource.”

Notable Quotes

• Greg Cameron, CEO: “This deposit adds significant upside, particularly in light of today’s environment which places far more value on the strategic importance of rare earth elements.”
• Trevor Perkins, Vice President – Exploration: “We are excited to be involved in the expansion of Rare Earth Element deposit understanding and inventory in Canada.”