Terra Clean Energy Corp. Announces Agreement to Earn 100% Interest in 75 Past Producing Uranium Claims on The San Rafael Swell, Utah, United States
Terra Clean Energy Corp. Announces Agreement to Earn 100%
Interest in 75 Past Producing Uranium Claims on The San
Rafael Swell, Utah, United States
Vancouver B.C., September 16, 2025 – TERRA CLEAN ENERGY CORP. (“Terra” or the “Company”)
(CSE: T CEC, OTC QB: TCEFF, FSE: 9O0, is pleased to announce terms to acquire up to a 100%
interest in 75 uranium claims in Emery County, Utah, United States.
Transaction Highlights
• 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, Co pper 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 around access, power and a uranium mill
located 75 miles 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 stated “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 with
our VP Exploration, 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.”
Rationale Behind the Acquisition
Green Vein Mesa and Wheal Anne Claims offer exposure to uranium projects in the USA with
excellent upside in a significant historical uranium district. Terra has made a strategic decision to
acquire the Green Vein Mesa and Wheal Anne Claims due to the belief there is more minable
uranium present. It is important to note that the encompassing claims have a production history.
Both sets of claims are in ideal locations, situated near main roads, secondary roads and have
access to power and water sources . In the past, mining operations focused on ore found at or
near surface . The process of oxidation led to the formation of various secondary uranium
minerals. The Trump Administration has recently enacted historic policies designed to accelerate
nuclear power and uranium mining activity in the country”
“This initial project in San Rafael Swell offers significant upside as it is clear that these old mines
were abandoned in the 1970’s due to a uranium market collapse not because t hey ran out of
uranium to mine,” stated Greg Cameron, CEO of Terra. “We believe strongly that we can expand
on the previous work through modern exploration technologies like 3D modelling” added Trevor
Perkins VP Exploration.
Project Overview
The San Rafael Swell is a large, uplifted, doubly -plunging anticline in east -central Utah and the
Swell forms part of, but contrasts with the surrounding flat-lying rocks, of the Colorado Plateau,
a significant uranium mining district in the Western United States. Historical uranium production
was undertaken in the region between the late 1940 ’s into the 1970’s. No significant work has
been completed in the region in the past 50 years.
The rocks in the San Rafael Swell are predominately sedimentary ( Pennsylvanian through
Cretaceous), including Triassic and Jurassic formations that are known to host uranium . The
project area is underlain by Triassic aged sedimentary rocks of the Moenkopi and Chin le
formations. The Chinle outcrops in a continuous belt around the San Rafael Swell and on isolated
buttes through the center of the swell. It is widely believed that volcanic ash is the source of
uranium for many deposits in the swell. All existing mines and prospects in the Chinle are in the
lower, bentonitic part of the Chinle in channel -fill sandstone and surrounding siltstones of the
lower Chinle Formation. . In the Green Vein Mesa area these occur as scour channel fill at the
contact with the underlying Moenkopi Formation.
The project is separated into two claim groups 10 km apart. The Wheal Anne Claim Group is the
southwest of the two and encompasses approximately 13 0 hectares covering the former
producing Lucky Strike Mine and related uranium occurrences . The Lucky Strike Mine was
discovered in 1949 and produced more than 10,000 tons of ore grading 0.22% U 3O8 and 0.09%
V2O5. 1
The Green Vein Mesa Claim Group to the northeast encompasses approximately 300 hectares
and covers the former producing Payday Mine, Hertz Mine, and Green Vein group of mines .
1 Source: U.S. Geological Survey Bulletin 1239, 1968, Geology, Altered Rocks and Ore Deposits of The San Rafael
Swell, Emery County, Utah, By C.C. Hawley, R. C. Robeck and H.B. Dyer.
Production numbers for these mines were not located, however the Hertz Mine reportedly had
local samples up to 1% U3O8.2
2 Source: U.S. Geological Survey Bulletin 1239, 1968, Geology, Altered Rocks and Ore Deposits of The San Rafael
Swell, Emery County, Utah, By C.C. Hawley, R. C. Robeck and H.B. Dyer.
Figure 1: Map of the San Rafael Swell from the Utah Geological Survey . The Wheal Anne and
Green Vein Mesa Claim Group locations are shown by the red stars.
Figure 2: Overview of the Wheal Anne (West)and Green Vein Mesa (East) Claim Groups
Figure 3: The Wheal Anne Claim Group, covering the historical Lucky Strike and Commonwealth
Uranium Mines and showings.
Figure 4: The Green Vein Mesa Claim Group , covering the historical Payday, Hertz, Green Vein
Group, and Green Vein #5 Uranium Mines.
Figure 5: Uraninite vein near the Payday Mine workings.
Figure 6: Green Vein Group Mine workings and ore chute.
Transaction Overview
To earn its respective interests in each of the Wheal Anne Claims and the Green Vein Mesa, the
Company would be required to make the following cash payments, common share issuances and
incur exploration expenditures on the respective claims as follows: