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M&A / Property

Terra Clean Energy signs agreement for Utah property

By The Northwire Desk — AI Analysis Feb 18, 2026 · 17:44 TCEC · 0.14 Terra Clean Energy Corp
TCEC · Price

Executive Summary

  • Terra Clean Energy Corp. entered a definitive agreement to acquire up to 100% of the Prospector & Freedom uranium mines in Marysvale, Utah.
  • The initial earn‑in consideration is 750,000 common shares issued to the vendors.
  • All issued securities are subject to a four‑month‑plus‑one‑day hold period under securities law.

Key Details

  • Transaction: Earn‑in acquisition of up to 100% ownership of Prospector & Freedom uranium mines (Marysvale, Utah).
  • Consideration: Issuance of 750,000 Terra Clean common shares to the vendors as the initial earn‑in payment.
  • Hold Period: Shares issued are subject to a hold period of four months plus one day from issuance date.
  • Agreement Date: Referenced press release dated Jan. 26 2026; definitive agreement executed thereafter.
  • Regulatory Compliance: Technical information prepared per NI 43‑101 and reviewed/approved by C. Trevor Perkins, P.Geo., Vice‑President Exploration (qualified person).

Notable Quotes

(No CEO/President quotes provided in the release.)

Read the original news release →

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