Update: Terra Clean Energy Corp. Enters into Definitive Agreements to Acquire Uranium Claims on The San Rafael Swell, Utah, United States

Core Viewpoint - Terra Clean Energy Corp has entered into definitive agreements to acquire up to a 100% interest in the Wheel Anne Claims and the Green Vein Mesa Claims located in Emery County, Utah, demonstrating the company's commitment to expanding its portfolio of uranium assets [1][2]. Acquisition Details - The agreements require cash payments, share issuances, and exploration expenditures to earn interests in the claims [2]. - For the Wheal Anne Claims, to earn a 20% interest, the company must pay USD$20,000 and issue 500,000 common shares, along with incurring USD$100,000 in exploration expenditures within the first year [3]. - The structure for earning interests in the Wheal Anne Claims includes additional payments and share issuances over a five-year period, culminating in a total cash payment of USD$233,333 and issuance of 2,500,000 common shares for a 100% interest [3]. - The Green Vein Mesa Claims require a similar structure, starting with a USD$10,000 cash payment and 250,000 common shares for a 20% interest, with total payments and share issuances reaching USD$116,667 and 1,250,000 common shares for a 100% interest over four years [4][5]. Regulatory and Compliance - The definitive agreements are subject to regulatory approvals, including from the Canadian Securities Exchange, with the "Effective Date" being the date all approvals are received [6]. - All securities issued in connection with these agreements will be subject to a four-month plus one day hold period from the date of issuance [7]. Marketing Agreements - Terra Clean has engaged Green Crescent Capital for marketing services, with a one-time fee of USD$5,000 for a one-month term [8]. - The company has also contracted OTCWagon for a 38-day market awareness program, with a fee of C$7,500 [9]. Company Overview - Terra Clean Energy is a Canadian-based uranium exploration and development company, currently developing the South Falcon East uranium project in Saskatchewan and past producing uranium mines in Emery County, Utah [10].