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Terra Clean Energy Corp. Enters into Definitive Agreements to Acquire Uranium Claims on The San Rafael Swell, Utah, United States
Globenewswire· 2025-09-24 12:45
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 - For the Wheal Anne Claims, the company will make cash payments totaling USD$233,333, issue 2,500,000 common shares, and incur exploration expenditures of USD$300,000 over five years to earn a 100% interest [3]. - For the Green Vein Mesa Claims, the company will make cash payments totaling USD$116,667, issue 1,250,000 common shares, and incur exploration expenditures of USD$66,667 over five years to earn a 100% interest [4][5]. - Both claims are subject to a 2% net royalty retained by the vendors, with options for Terra Clean to purchase 50% of the royalties for USD$666,666 and USD$333,334 respectively [3][5]. Regulatory and Compliance - The agreements are contingent upon receiving all necessary 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 in accordance with applicable securities laws [7]. Marketing Initiatives - Terra Clean has engaged Green Crescent Capital for marketing services, with a one-time fee of USD$5,000 for a one-month term to enhance investment community awareness [8]. - The company has also contracted OTCWagon for a 38-day market awareness program, with a fee of C$7,500, to comply with CSE policies [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].
Terra Clean Energy Corp. Enters into Definitive Agreements to Acquire Uranium Claims on The San Rafael Swell, Utah, United States
Globenewswire· 2025-09-24 12:45
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 low-risk uranium assets [1][2]. Acquisition Details - For the Wheal Anne Claims, the company will make cash payments totaling USD$233,333, issue 2,500,000 common shares, and incur exploration expenditures of USD$300,000 over five years to earn a 100% interest [3]. - For the Green Vein Mesa Claims, the company will make cash payments totaling USD$116,667, issue 1,250,000 common shares, and incur exploration expenditures of USD$66,667 over five years to earn a 100% interest [4][5]. - Both claims are subject to a 2% net royalty retained by the vendors, with options for Terra Clean to purchase 50% of the royalties for USD$666,666 and USD$333,334 respectively [3][5]. Regulatory and Compliance - The agreements are subject to regulatory approvals, including the approval of the Canadian Securities Exchange, with the "Effective Date" being the date all such 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 Initiatives - Terra Clean has engaged Green Crescent Capital for marketing services, with a one-time fee of USD$5,000 for a one-month term to enhance investment community awareness [8]. - The company has also contracted OTCWagon for a 38-day market awareness program, with a fee of C$7,500, to comply with CSE policies [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].
Gamma Resources Retains Market-Making Services
Thenewswire· 2025-09-23 11:30
Core Viewpoint - Gamma Resources Ltd. has engaged Venture Liquidity Providers Inc. to provide market-making services to maintain an orderly trading market for its common shares, subject to TSX Venture Exchange approval [1][2]. Group 1: Market-Making Agreement - The market-making service will be conducted by VLP through W.D. Latimer Co. Ltd., ensuring compliance with TSXV policies and applicable laws [2]. - Gamma has agreed to pay VLP $5,000 per month for its services, with an initial contract term of three months, renewable on a month-to-month basis [3]. - The agreement can be terminated at any time by either Gamma or VLP [3]. Group 2: Relationship and Interests - VLP operates at arm's length from Gamma and has no current interest in the Company or its securities, except for Mr. Cunningham, who holds 135,000 stock purchase options [4]. - The financial resources for the market-making service will be provided exclusively by W.D. Latimer [4]. Group 3: Company Overview - Gamma Resources Ltd. is focused on uranium exploration and development in the U.S., with key projects including the Green River Project in Utah and the Mesa Arc Project in New Mexico [6]. - The Company believes it is well-positioned to benefit from favorable policy and market conditions in the U.S. nuclear sector, aiming to supply responsibly sourced uranium [6].
Noble Plains Increases Private Placement to $1,040,040
Newsfile· 2025-09-18 21:14
Group 1 - Noble Plains Uranium Corp. has increased the size of its non-brokered private placement to up to 11,556,000 units at a price of $0.09 per unit, aiming for gross proceeds of up to $1,040,040 due to strong investor demand [1] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.15 for two years [1] - The offering is still subject to final acceptance by the TSX Venture Exchange [2] Group 2 - Noble Plains Uranium Corp. focuses on uranium exploration and development in the U.S., utilizing In Situ Recovery (ISR) for efficient and environmentally responsible uranium extraction [4] - The company's strategy involves targeting historically drilled and underexplored assets in proven jurisdictions to delineate NI 43-101-compliant resources [4]
Gamma Resources Announces Closing of First Tranche of Private Placement
Thenewswire· 2025-09-05 22:40
Core Points - GAMMA Resources Ltd has successfully closed the first tranche of its private placement, raising gross proceeds of $651,060 [1] - The private placement consists of up to 8,333,334 units priced at $0.12 per unit, aiming for total gross proceeds of up to $1,000,000 [2] - Each unit includes one common share and one warrant, with warrants exercisable at $0.18 for 36 months [2][3] Financial Details - In the first tranche, the company issued 5,425,500 units at $0.12 each, with warrants expiring on September 5, 2028 [3] - Finders' fees amount to $13,650 in cash and 113,750 finders warrants, which have an exercise price of $0.12 for 24 months [3] Related Party Transactions - Directors of the company participated in the first tranche, acquiring a total of 417,000 shares, which is classified as a related party transaction [4] - The offering is exempt from formal valuation and minority shareholder approval requirements as it does not exceed 25% of the company's market capitalization [4] Securities Regulations - All securities from the private placement are subject to a four-month hold period and are not registered under U.S. securities laws [5] - The press release does not constitute an offer to sell or solicit offers to buy securities in the United States [5][9] Company Overview - GAMMA Resources Ltd focuses on uranium exploration and development in the U.S., with key projects in Utah and New Mexico [6] - The company aims to leverage favorable market conditions and policy changes in the U.S. nuclear sector to provide responsibly sourced uranium [6]
Terra Clean Energy Corp. Engages ICP Securities Inc. for Automated Market Making Services
Thenewswire· 2025-08-25 11:30
Core Viewpoint - Terra Clean Energy Corp has engaged ICP Securities Inc. for automated market making services to enhance liquidity and manage share supply and demand [1][2]. Group 1: Company Overview - Terra Clean Energy Corp, formerly known as Tisdale Clean Energy Corp, is a Canadian uranium exploration and development company [5]. - The company is developing the South Falcon East uranium project, which has an inferred uranium resource of 6.96 million pounds located in the Fraser Lakes B Uranium Deposit in Saskatchewan, Canada [5]. Group 2: Market Making Agreement - The agreement with ICP Securities Inc. includes a monthly fee of C$7,500 for a term of four months, automatically renewing for additional one-month terms unless terminated with a 30-day notice [1]. - ICP will be responsible for its own costs in buying and selling the company's shares, and no third-party funding will be involved in the market-making activities [2]. Group 3: ICP Securities Inc. Profile - ICP Securities Inc. is a Toronto-based CIRO dealer-member specializing in automated market making and liquidity provision, established in 2023 [4]. - The company utilizes its proprietary algorithm, ICP Premium™, to enhance liquidity and quote health for public issuers and institutional investors [4].
Snow Lake Comments on Maiden High Grade Mineral Resource Estimate for the Maybell Uranium Project in Colorado
Newsfile· 2025-08-06 11:30
Core Viewpoint - Snow Lake Resources Ltd. has expressed satisfaction with the maiden high-grade mineral resource estimate announced by Global Uranium and Enrichment Limited for the Maybell uranium project in Colorado, where Snow Lake holds a 19.9% interest [1][3]. Company Highlights - The Maybell uranium project has a historical production of 5.3 million pounds of U3O8 over two mining periods, and the recent resource estimate follows a successful 31-hole drill program conducted in 2024 [7]. - Snow Lake is a cornerstone investor in GUE and is optimistic about the potential of assembling a significant portfolio of domestic American uranium resources, which may benefit from favorable policies on uranium production [4][5]. - The company is also involved in a 50/50 joint venture with GUE on the Pine Ridge Uranium Project in Wyoming, which is currently undergoing an aggressive drilling program of 125,000 feet [4]. Industry Context - The demand for domestic American uranium projects is expected to rise due to increasing electricity needs driven by the expansion of data centers and AI initiatives from major technology companies, alongside supportive policies from the government [7].
Terra Clean Energy Corp. to Present at Emerging Growth Conference
Thenewswire· 2025-07-25 11:30
Company Overview - Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company, formerly known as Tisdale Clean Energy Corp. [6] - The company is currently developing the South Falcon East uranium project, which holds a 6.96 million pound inferred uranium resource within the Fraser Lakes B Uranium Deposit located in the Athabasca Basin region, Saskatchewan, Canada [6][8]. Conference Announcement - Terra Clean Energy Corp. has been invited to present at the Emerging Growth Conference on August 21, 2025, at 10:15 a.m. [1] - The conference will provide an interactive platform for individual and institutional investors, as well as advisors and analysts, to engage with the company's CEO, Greg Cameron, during a live presentation [2][5]. - An archived webcast of the event will be available for those unable to attend live, accessible on EmerginGrowth.com and the Emerging Growth YouTube Channel [3]. Conference Details - The Emerging Growth Conference focuses on companies across various growth sectors, emphasizing strong management teams, innovative products and services, and long-term growth potential [5]. - The event aims to facilitate communication between public companies and the investment community efficiently from their offices [4].
Important May 13 Deadline in enCore Energy (EU) Investor Lawsuit, Alleging Financial Misstatements and Internal Control Failures- Hagens Berman
GlobeNewswire News Room· 2025-05-07 21:15
Core Viewpoint - enCore Energy Corp. is facing a class-action lawsuit for allegedly misleading investors and failing to disclose significant financial vulnerabilities, with a lead plaintiff deadline set for May 13, 2025 [1][2] Group 1: Lawsuit Details - The class period for the lawsuit is from March 28, 2024, to March 2, 2025, and it is formally titled Zhongjian v. enCore Energy Corp. [2] - The lawsuit claims that enCore and its executives violated the Securities Exchange Act of 1934 by making false or incomplete statements regarding the company's financial health [2][3] Group 2: Financial Performance - enCore reported a net loss of $61.3 million for fiscal 2024, which is more than double the $25.6 million loss from the previous year [4] - The company attributed the increased losses to its inability to capitalize certain costs under U.S. GAAP, which would have been permissible under IFRS [4] Group 3: Internal Controls and Leadership Changes - The lawsuit alleges that enCore lacked robust internal controls over financial reporting and identified a "material weakness" in its internal controls, particularly in risk assessment and information flow [3][4] - Following the financial disclosures, enCore experienced a leadership change, with CEO Paul Goranson resigning and Robert Willette appointed as Acting CEO [5] Group 4: Market Reaction - enCore's share price fell by more than 46% after the announcements regarding the financial losses and leadership changes, resulting in significant value loss for investors [6]