Terra Clean adds 3,395 acres of Uranium Claims in Wyoming adding Highly Prospective Uranium Properties to its Growing Uranium Portfolio
Executive Summary
- Terra Clean Energy Corp. acquired 2,068 acres of newly staked BLM uranium exploration claims and three strategic Wyoming State Leases covering an additional 1,327 acres, expanding its uranium portfolio by 3,395 acres in the Washakie Basin.
- The acquisition requires cash payments of US$45,000 over the next two years, with the first $10,000 due within five business days.
- The newly acquired ground hosts historical uranium occurrences with assay grades up to 0.375% U₃O₈, enhancing Terra’s potential for roll‑front sandstone uranium deposits.
Key Details
- Acquired Assets:
- 100 unpatented BLM Lode Mining Claims (WY106774346 – WY106774445).
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Three Wyoming State Leases (Lease Nos. 0‑43951, 0‑43952, 0‑43953).
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Total Acreage Added: 3,395 acres (2,068 acres of BLM claims + 1,327 acres of state leases).
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Payment Terms: US$45,000 total cash consideration:
- $10,000 payable within five business days of the announcement.
- $15,000 due on or before December 1, 2026.
- $20,000 due on or before December 1, 2027.
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Ongoing state maintenance fees to be paid concurrently with cash installments.
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Geological Context:
- Located on the south flank of the Washakie Basin, a structural low within the Green River Basin, underlain by Miocene‑aged Browns Park Formation (tuffaceous sandstones, tuffs, conglomerates, quartzite).
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Historically recognized for roll‑front sandstone uranium deposits; nearby historic production includes a 6.13 M lb U₃O₈ deposit in the Poison Basin area.
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Historical Uranium Occurrences on Acquired Land:
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Two limonite‑altered fractured sandstone occurrences previously sampled with grades of 0.375%, 0.083% and 0.058% U₃O₈ (Morris & Stanley, 1982).
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Strategic Rationale:
- Proximity to enCore Energy Corp.’s Juniper Ridge uranium deposit.
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Expands Terra’s footprint in a known uranium jurisdiction with multiple occurrences, supporting future exploration and potential resource development.
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Management Comments:
- CEO Greg Cameron: “We are extremely excited to add this highly prospective land… the highest occurrence recorded at 0.375% U₃O₈.”
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VP of Exploration Trevor Perkins: Emphasized the Browns Park Formation’s roll‑front potential and expressed eagerness to evaluate the newly staked occurrences.
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Qualified Person: C. Trevor Perkins, P.Geo., Vice President – Exploration, reviewed and approved technical information per NI 43‑101.