Terra Clean acquires 3,395 acres of U claims in Wyoming

Executive Summary

• Terra Clean Energy Corp. has expanded its uranium exploration portfolio by acquiring 3,395 acres of prospective uranium land in Wyoming, consisting of 2,068 acres of newly staked BLM claims and 3,327 acres of acquired state leases.
• The acquisition includes three strategic Wyoming state leases and 100 unpatented BLM lode mining claims, all 100% owned by the company.
• The new properties are located along the south flank of the Washakie basin, near EnCore Energy’s Juniper Ridge deposit, and host historical uranium occurrences with grades up to 0.375% U3O8.

Key Details

• Total Acreage Acquired: 3,395 acres (2,068 acres of new BLM claims + 1,327 acres of state leases).
• BLM Claims: 100 unpatented lode mining claims staked directly by the company (Wyoming BLM claim No. WY106774346 to WY106774445).
• State Leases: Three Wyoming state leases acquired (Lease No. 0-43951, 0-43952, and 0-43953).
• Acquisition Cost & Payment Terms:
  • Total cash payments required: $45,000 USD.
  • $10,000 USD due within five business days.
  • $15,000 USD due on or before December 1, 2026.
  • $20,000 USD due on or before December 1, 2027.
  • State maintenance fees are also required during the payment period.
• Location & Geology:
  • Located along the south flank of the Washakie basin (greater Green River basin, Wyoming).
  • Underlain by the Miocene-aged Browns Park formation, known for sandstone-hosted roll-front-style uranium deposits.
  • Proximity to EnCore Energy Corp.’s Juniper Ridge uranium deposit.
  • Historical mining occurred 75 km east in the Poison basin area (6.13-million-pound U3O8 deposit).
  • Homeland Uranium Corp.’s Coyote basin project is located ~145 km south.
• Historical Sampling Results:
  • Two historical uranium occurrences identified in limonite-altered fractured sandstone.
  • Samples from prospecting pits returned grades of:
    • 0.375% U3O8
    • 0.083% U3O8
    • 0.058% U3O8
  • No visible uranium mineralization was observed; work has not been undertaken since the mid-1980s.

Notable Quotes

• "We are extremely excited to add this highly prospective land in Wyoming in close proximity to [the] EnCore Energy Corp. Juniper Ridge uranium deposit... The newly acquired lands are in a known uranium jurisdiction and have numerous uranium occurrences with the highest occurrence recorded at 0.375 per cent U3O8." — Greg Cameron, Chief Executive Officer
• "The Browns Park formation is a known host of roll-front sandstone uranium deposits with historical production. We are eager to see where the uranium occurrences we staked may lead us." — Trevor Perkins, Vice-President of Exploration