Terms Entered To Acquire Interest In Seventy-Five Uranium Claims

VANCOUVER – Terra Clean Energy Corp announced terms to acquire up to 100% interest in 75 uranium claims in Emery County, Utah. Nine Past Producing Uranium mines covered on the Claims having produced several hundred thousand tons of ore grading up to 1% U308. Visible Uranium, Vanadium, Copper and Cobalt at Surface with numerous uranium readings up to 21,000 CPS equating to grades .22% U308.
Close Proximity to major roads with good year round access, power and a uranium mill located within a 75 mile drive. Strong Government support for nuclear power and uranium mining projects and a stated objective to reduce reliance on foreign nuclear fuel. Staged earn-in allows the company to optimize exploration programs. Provides Terra shareholders exposure to two North American assets both with near surface Uranium opportunities in low-risk jurisdictions.
Greg Cameron, CEO, said, “One of my stated goals with Terra was to add another low-risk uranium project to the Company and this transaction does just that. Having toured the properties, it is clear from the moment you arrive you are in a uranium district with many old workings, adits, shafts and old infrastructure. I am excited to see work begin this fall and believe there to be a clear path to add significant value for our shareholders.”