TERRA CLEAN PROVIDES CORPORATE UPDATE AND WELCOMES THE UNITED STATES DEPARTMENT OF ENERGY’S RECENT NEW DOMESTIC NUCLEAR FUEL SUPPLY CHAIN & URANIUM FOCUS

Core Viewpoint - The announcement by the U.S. Department of Energy regarding the New Domestic Nuclear Fuel Supply Chain & Uranium Agreement is expected to benefit Terra Clean Energy Corp as it develops its U.S. uranium assets [2][3]. Company Developments - Terra Clean Energy Corp has appointed Jon Li as Chief Financial Officer effective January 1, 2026, following the resignation of Brian Shin [1][3]. - The company is centralizing its operations and management in Toronto [3]. - The annual general meeting held on December 8, 2025, resulted in the re-election of current directors and the election of two additional directors [6]. Industry Context - The U.S. Department of Energy is forming a consortium under the Defense Production Act to enhance the domestic nuclear fuel supply chain, which includes uranium mining and processing [2]. - This initiative aims to reduce reliance on foreign enriched uranium and critical minerals, providing federal incentives and expedited permitting for U.S. uranium projects [2]. Financial and Operational Insights - Jon Li brings over 20 years of finance experience, particularly in the mining and technology sectors, and has served as Vice President at WD Numeric [4][5]. - Terra Clean Energy Corp is developing the South Falcon East uranium project, which has an inferred resource of 6.96 million pounds of uranium within the Fraser Lakes B Deposit in Saskatchewan [9].