Terra Clean Closes the Acquisition of the Past Producing Uranium Claims in San Rafael Swell, Utah, United States

Executive Summary

• Terra Clean Energy issued 750,000 common shares to current property owners of its Utah uranium claims as part of earn‑in agreements for the Wheel Anne and Green Vein Mesa claim groups.
• The company will commence a site‑visit and sampling program within two weeks to support a planned drill campaign slated for early 2026.
• Management confirms that recent financing provides sufficient capital to fund the initial work program, including drilling, which is expected to unlock significant shareholder value.

Key Details

• Equity Issuance: 750,000 common shares issued to property owners under earn‑in agreements (see September 24 2025 press release for full terms).
• Hold Period: All securities subject to a four‑month plus one‑day hold period per applicable securities laws.
• Sampling Program:
• Duration: up to one week, commencing within the next two weeks.
• Scope: radiometric assays with handheld spectrometer and collection of rock samples for geochemical analysis along the Moenkopi–Chinle contact.
• Focus: historical sample locations and mine workings on Wheel Anne and Green Vein Mesa claims.
• Drilling Plan: Early 2026 drill program to be designed after reconciling historic mine maps with current site data.
• Management Comments:
• Trevor Perkins, VP Exploration – “Based on the information on hand from the old mines, we are very confident that there is more uranium to be recovered… A focused drill program will allow us to determine exactly how much uranium is present.”
• Greg Cameron, CEO – “With the completion of the recent financing, the Company has the funding for its initial work program including drilling which I believe will unlock significant value for shareholders.”
• Financing Reference: Recent financing (details not disclosed in this release) provides capital to fund the preparatory and drilling activities.

Notable Quotes

“Based on the information on hand from the old mines, we are very confident that there is more uranium to be recovered from the Green Vein Mesa and Wheel Anne claim groups.” – Trevor Perkins, VP of Exploration

“With the completion of the recent financing, the Company has the funding for its initial work program including drilling which I believe will unlock significant value for shareholders.” – Greg Cameron, CEO