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]. Group 1: Acquisition Details - The company will make cash payments, issue common shares, and incur exploration expenditures to earn interests in the claims, with a structured payment plan over five years [2][5][6]. - For the Wheel Anne Claims, the total cash payments will amount to USD$233,333, with 2 million common shares issued and USD$400,000 in exploration expenditures required [2][4]. - For the Green Vein Mesa Claims, the total cash payments will amount to USD$86,667, with 1 million common shares issued and USD$200,000 in exploration expenditures required [5][6]. Group 2: Royalty Agreements - The vendors will retain a 2% net royalty on both the Wheel Anne Claims and the Green Vein Mesa Claims, with Terra Clean having the option to purchase 50% of each royalty for USD$666,666 and USD$333,334 respectively [4][6]. Group 3: Regulatory and Compliance - The agreements are subject to regulatory approvals, including from the Canadian Securities Exchange, with the "Effective Date" being the date all approvals are received [7]. - All securities issued will be subject to a four-month plus one day hold period from the date of issuance in accordance with applicable securities laws [8]. Group 4: Marketing Initiatives - Terra Clean has engaged Green Crescent Capital for marketing services to enhance awareness in the investment community, with a one-time fee of USD$5,000 for a one-month term [9]. - The company has also contracted OTCWagon for a 38-day market awareness program, with a fee of C$7,500 [10]. Group 5: 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 Utah [11].