Terra Clean welcomes Utah governor's Mission Critical

Executive Summary

• Terra Clean Energy Corp. publicly supports Utah Governor Cox’s "Mission Critical" policy framework, which aims to establish Utah as a leading destination for critical mineral extraction and processing.
• The company highlights that uranium was added to the U.S. government's list of critical minerals in late 2025, which may provide Terra with benefits such as fast-track permitting, domestic incentives, and potential eligibility for government grants.
• CEO Greg Cameron stated that Terra will benefit from this legislative environment as it develops its portfolio of U.S. uranium assets, specifically focusing on Utah to complement its Fraser Lakes B uranium deposit in Saskatchewan.

Key Details

• Utah Policy Framework: Governor Cox announced "Mission Critical," a mine-to-market strategy for critical minerals aiming for clarity, speed, and responsibility.
• State Goals:
  • Approve five mining projects in 2026.
  • Bring a national lab to Utah by 2031.
  • Capture 25% of the critical mineral market share.
  • Cut permitting timelines by 50%.
  • Ensure 50% of minerals extracted in Utah are processed in Utah.
• Uranium Classification: Uranium was added to the U.S. government's list of critical minerals in late 2025, deeming it vital to the U.S. economy.
• Potential Benefits for Terra:
  • Fast-track permitting.
  • Domestic mining and processing incentives.
  • Prioritization in national security and supply chain strategies.
  • Potential eligibility for funding and government grants.
• Company Strategy: CEO Greg Cameron believes 2026 will be the "year of uranium." Terra is staking additional uranium claims in Utah to complement its existing Fraser Lakes B uranium deposit in the Athabasca basin, Saskatchewan.
• Company Assets:
  • Developing the South Falcon East uranium project (Fraser Lakes B deposit, Saskatchewan) with a 6.96 million-pound inferred uranium resource.
  • Holds past-producing uranium mines in Utah, United States.
  • Holds uranium exploration properties in Wyoming, United States.

Notable Quotes

• Governor Cox: "I'm working on significantly lowering the time frame that it takes for permitting, in both the mining area and processing of critical minerals," while still keeping people safe. "We can do both of those things."
• Greg Cameron, CEO: "With past-producing uranium mines in the United States, Terra will no doubt benefit from the sweeping new legislation as it develops its portfolio of U.S. uranium assets... I strongly believe that 2026 will be the year of uranium, and, with uranium assets in Utah and additional uranium claims being staked, Terra will have a significant portfolio of U.S. uranium assets, with a particular focus on Utah to complement its Fraser Lakes B uranium deposit in the Athabasca basin, Saskatchewan."