Tisdale Clean Energy Announces Amendment to Option Agreement with Skyharbour Resources for the South Falcon East Uranium Project

About this update from Terra Clean Energy Corp.

[{"type":"text","content":"Tisdale Clean Energy Announces Amendment to Option Agreement with Skyharbour Resources for the South Falcon East Uranium Project\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver B.C.,\n \n\n September\n3\n \n\n ,\n2024\n \n\n –\n \n\n TheNewswire\n \n\n – TISDALE CLEAN ENERGY CORP.\n \n\n (“\n \n\n Tisdale\n \n\n ” or the “\n \n\n Company\n \n\n ”)\n \n\n (CSE: TCEC, OTCQB:\n \n\n TCEFF\n \n\n , FSE:\n \n\n T1KC\n \n\n )\n \n\n\n\n ,\n \n\n is pleased to announce that it has reached an agreement to\namend the Company’s current option agreement with Skyharbour\nResources Ltd. (\n \n\n “Skyharbour”\n \n\n ) whereby Tisdale can earn up\nto a 75% interest in the South Falcon East uranium project, Athabasca\nBasin, Saskatchewan, Canada.\n \n\n\n\n The amendment extends cash and work commitments for the\nproject for the remainder of 2024 into 2025.  The amended agreement\nrequires the Company to issue 2,500,000 common shares to Skyharbour on\nor before August 30, 2024, and to pay Skyharbour $1,270,000 CDN, on or\nbefore February 28, 2025, of which up to $820,000 CDN may be paid in\ncommon shares, based on the VWAP calculated on the day of issuance, at\nthe election of Tisdale.  To maintain the option in good standing,\nTisdale is also required to incur expenditures of at least $2,500,000\nCDN at South Falcon East on or before May 31, 2025.\n \n\n\n\n “This amendment allows us much needed flexibility to\nnavigate what has been a tough cycle for juniors in which to raise\nsignificant capital,” said Alex Klenman, CEO of Tisdale.  “We are\ngrateful for Skyharbour’s flexibility and to providing a more\nfavorable path for us to acquire the majority interest in what we\nagree is a unique and compelling opportunity.  We believe the sector\nis poised for the next leg up, and we’re looking forward to being in\na position to benefit from a more robust market in the months\nahead,” continued Mr. Klenman.\n \n\n\n\n All securities issuable to Skyharbour pursuant to the\noption agreement will be subject to restrictions on resale for a\nperiod of four-months-and-one-day in accordance with applicable\nsecurities laws.\n \n\n\n\n About Tisdale Clean Energy\nCorp.\n \n\n\n\n...

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