Terra Clean issues 750,000 shares to Utah asset owners

Executive Summary

• Terra Clean Energy Corp. has closed the acquisition of past-producing uranium claims (Wheel Anne and Green Vein Mesa) in Emery County, Utah, by issuing 750,000 common shares to the previous property owners.
• The company is initiating a preparatory site visit and sampling program within the next two weeks to plan for a drilling campaign scheduled for early 2026.
• Management expresses confidence in the potential for additional uranium recovery based on historical mine data, with recent financing securing the necessary capital for these initial exploration activities.

Key Details

• Transaction Closure: Issuance of 750,000 common shares to current property owners to finalize the earn-in agreements for the Wheel Anne and Green Vein Mesa claims.
• Share Restrictions: All securities issued are subject to a four-month-plus-one-day hold period per applicable securities laws.
• Immediate Operational Plan: A site visit and sampling program will commence within two weeks.
• Sampling Methodology:
  • Radiometric assays using hand-held spectrometers.
  • Select rock samples for geochemical assay analysis.
  • Focus on the mineralized contact between the Triassic-aged Moenkopi and overlying Chinle formations.
  • Priority given to vicinity of historical sample locations and mine workings.
• Historical Data Reconciliation: Historical mine workings will be accurately located and reconciled with historical maps/records to facilitate effective drill planning.
• Future Drilling Schedule: An effective drill program is planned for early 2026.
• Management Commentary: CEO Greg Cameron confirmed that recent financing has secured funding for the initial work program, including drilling, aimed at unlocking shareholder value.

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... A focused drill program will allow us to determine exactly how much uranium is present." — Trevor Perkins, Vice-President 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, Chief Executive Officer