Tisdale Clean Energy to Add South Falcon East Property to Saskatchewan Uranium Portfolio

About this update from Terra Clean Energy Corp.

[{"type":"text","content":"Tisdale Clean Energy to Add South Falcon East Property to Saskatchewan Uranium Portfolio\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver B.C., -\n \n \n TheNewswire\n-\n \n \n October\n20, 2022\n \n \n – TISDALE CLEAN\nENERGY CORP.\n \n \n (“\n \n \n Tisdale\n \n \n ” or the\n \n \n “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:TCEC\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:\n \n \n TCEFF\n \n \n )\n \n \n ,\n \n \n (\n \n \n FSE:\n \n \n T1KC\n \n \n )\n \n \n ,\n \n \n is pleased to\nannounce that it has entered into an option agreement (the\n“\n \n \n Option\nAgreement\n \n \n ”), dated October 19, 2022, with\nSkyharbour Resources Ltd. (TSX.V: SYH) (the “\n \n \n Vendor\n \n \n ”), an\narms-length party, pursuant to which it has been granted the right to\nacquire up to a seventy-five percent interest in the South Falcon East\nProperty (the “\n \n \n Property\n \n \n ”).  The Property consists of a\nseries of mineral claims totaling 12,464 hectares, located in the\nAthabasca Basin in Northern Saskatchewan.  The Property is\nprospective for uranium and adds to the Company’s existence presence\nin the region where it is actively exploring the 15,000-hectare Keefe\nLake Uranium Project.\n \n \n \n \n Pursuant to the Option Agreement, the Company can\nacquire a seventy-five percent interest in the Property, in two\nphases.  Initially, the Company can acquire a fifty-one percent\ninterest in the Property by completing the following payments and\nincurring the following exploration expenditures on the\nProperty:\n \n \n \n \n Payments\n \n \n \n \n \n \n on closing, paying $350,000 and issuing 1,111,111\ncommon shares to the Vendor;\n \n \n \n \n \n \n by the eighteen-month anniversary of closing, paying\n$1,450,000, of which up to $1,000,000 may be paid in common shares,\nbased on the 20-day volume-weighted average closing price calculated\non the day of issuance (\n \n \n VWAP\n \n \n ”), at the election of the\nCompany;\n \n \n \n \n \n \n by the second anniversary of closing, paying\n$1,800,000, of which up to $1,000,000 may be paid in common shares,\nbased on the VWAP, at the election of the Company; and\n \n \n \n \n \n \n by the third anniversary of closing, paying $2,500,000,\nof which up t...

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