Terra Clean Energy Announces Revised and Improved Earn-In Terms and Upcoming Drill Program at South Falcon East Uranium Project

About this update from Terra Clean Energy Corp.

Vancouver B.C., April 30, 2026 (GLOBE NEWSWIRE) -- TERRA CLEAN ENERGY CORP. (“Terra” or the “Company”) (CSE: TCEC, OTCQB: TCEFF, FSE: C9O0) is pleased to announce that it has successfully negotiated revised and improved earn-in terms on its South Falcon East Uranium Project, located in Saskatchewan’s Athabasca Basin (“South Falcon East”). The updated agreement enhances the Company’s pathway to an ownership interest while maintaining capital efficiency as it advances exploration drilling. Under the revised terms, Terra has secured more favorable conditions to earn an initial 51% interest in South Falcon East with the total project consideration to complete the final 75% earn-in remaining the same.  These improvements provide the Company with increased flexibility in deploying capital while accelerating the advancement of its uranium projects. In conjunction with the updated earn-in agreement, Terra is preparing to commence a targeted drill program on the Fraser Lakes B Uranium Deposit following up on the very encouraging results reported in the winter 2025 program.  Summer 2026 Drill Program The Company is planning an extensive follow-up drill program for  late summer of 2026, consisting of up to 2,500 meters of drilling. The purpose is to test an area highlighted in the Winter 2025 program where it is interpreted that a north-northwest trending brittle structure, a north dipping structure with strong clay alteration, and mineralized pegmatites with hydrothermal hematite alteration hosted in graphitic pelitic gneiss all intersect. This puts many of the indicators identified as being key components for higher grade uranium mineralization all in the same location.  It is generally accepted that for higher grade uranium deposits in the Athabasca Basin you require several key indicators: Graphitic metasediments, Brittle reactivated basement structures, Reducing fluid (indicated by clay alteration), Oxidizing fluid (indicated by hematite alteration, transports uranium), All these features have now been identified in the Fraser Lakes B Summer Target Area. Where they are projected to intercept is considered a top priority target area for the discovery of a higher-grade unconformity related basement hosted uranium deposit and additional mineralized pegmatites. The upcoming program will be a helicopter supported drill program encompassing seven ...

View stock analysis, news, and events for Terra Clean Energy Corp.