Terra Clean Announces Life Offering

Executive Summary

• Terra Clean Energy Corp. announced a non‑brokered private placement of up to 19,520,350 units at C$0.14 per unit, targeting minimum gross proceeds of C$1.4 million and maximum proceeds of C$2.732 million.
• Each unit consists of one common share and half of a common‑share purchase warrant; the warrants allow purchase of additional shares at C$0.17 for up to 36 months after closing.
• Net proceeds will be used to fund part of the purchase price for Utah claims, future exploration and development costs, and general working capital.

Key Details

• Units Offered: Minimum 10,000,000 units; up to 19,520,350 units.
• Issue Price: C$0.14 per unit.
• Gross Proceeds: Minimum C$1,400,000; maximum C$2,732,849.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (each whole warrant permits purchase of one common share at C$0.17).
• Warrant Terms: Exercise price C$0.17; exercisable starting 60 days after closing and until 36 months post‑closing.
• Use of Proceeds:
• Partial funding of Utah claim purchase price.
• Future exploration and development expenses.
• General working capital and corporate purposes.
• Closing Date: Expected on or about November 4, 2025, subject to customary closing conditions and regulatory approvals (including conditional CSE approval).
• Regulatory Framework: Offered under NI 45‑106 Listed Issuer Financing Exemption; no hold period applicable. Units not offered in the United States.
• Finder’s Fee: Up to 7% of aggregate proceeds payable in cash, plus non‑transferable finder warrants equal to 7% of units issued (exercise price C$0.14 per share, exercisable for 36 months).
• Offering Documentation: Available on SEDAR+ and the company website; prospective investors urged to review before investing.

Notable Quotes

“We are pleased to provide this financing opportunity which will support our strategic acquisition of Utah claims and advance our exploration program,” – Greg Cameron, CEO.