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]. Industry Developments - The U.S. Department of Energy is forming a consortium under the Defense Production Act to enhance the domestic nuclear fuel supply chain, focusing on uranium mining, milling, enrichment, and fuel fabrication [2]. - This initiative aims to reduce reliance on foreign enriched uranium and critical minerals, inviting U.S. companies to participate in the NUCLEAR FUEL CYCLE CONSORTIUM for federal incentives and expedited permitting [2]. 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, which aligns with its strategic goals [3]. - Terra Clean Energy is developing the South Falcon East uranium project, which has an inferred uranium resource of 6.96 million pounds within the Fraser Lakes B Deposit in Saskatchewan, Canada [9]. Management and Governance - The annual general meeting held on December 8, 2025, resulted in the re-election of current directors and the election of two additional directors, Michael Gabbani and Brian Polla [6]. - The appointment of Crowe MacKay LLP as auditors for the year ended December 31, 2024, was ratified by shareholders [6]. Personnel Background - Jon Li has over 20 years of finance experience, particularly in mining, technology, and financial services, and has served as Vice President at WD Numeric [4]. - He is a CPA in both the U.S. and Canada and holds an MBA with a concentration in Accounting [5].