Terra Clean Energy Secures Utah Uranium Exploration Deals

Terra Clean Energy Corp. (CSE: TCEC, OTCQB: TCEFF, FSE: C9O0) announced it has finalized agreements to acquire up to a full interest in the Wheal Anne and Green Vein Mesa uranium claims in Emery County, Utah, reinforcing its portfolio of North American uranium assets.

The Canadian-based explorer outlined staged cash, equity, and exploration commitments over a five-year period to progressively earn its interest in each property. The deals also include a 2% net royalty retained by vendors, with Terra retaining the right to buy back half. For Wheal Anne, Terra can secure full ownership through payments totaling roughly $233,332 in cash, 2.5 million shares, and $233,333 in exploration expenditures. Green Vein Mesa requires approximately $116,668 in cash, 1.25 million shares, and $103,336 in work commitments.

CEO Greg Cameron said the swift execution of the agreements underscores Terra’s commitment to expanding its U.S. presence, noting field teams will mobilize in Utah in the coming weeks. The projects add to Terra’s portfolio, which includes the South Falcon East uranium project in Canada’s Athabasca Basin and past-producing assets in Utah’s San Rafael Swell.

The agreements remain subject to regulatory approvals, including clearance from the Canadian Securities Exchange. All securities issued will carry a four-month hold.

In parallel, Terra engaged Green Crescent Capital and OTCWagon for short-term investor awareness campaigns, signaling an effort to boost visibility among retail and institutional investors.

The move comes as uranium exploration intensifies across North America, with supply security and decarbonization goals driving renewed investor appetite. Utah, once a prolific U.S. uranium district, is drawing fresh exploration activity amid rising spot prices and policy support for domestic nuclear fuel supply.

By Charles  Kennedy for Oilprice.com

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