Terra Clean Energy Corp. Announces Agreement to Earn 100% Interest in The Prospector Freedom Uranium Mines Project in Marysvale, Utah, United States
Terra Clean Energy Corp. Announces Agreement to Earn 100%
Interest in The Prospector Freedom Uranium Mines Project in
Marysvale, Utah, United States
Vancouver B.C., January 26, 2026 – TERRA CLEAN ENERGY CORP. (“Terra” or the “ Company”)
(CSE: TCEC, OTCQB: TCEFF, FSE: 9O0 ), is pleased to announce terms to acquire up to a 100%
interest in the Freedom & Prospector Mines Project consisting of 6 Bureau of Land Management
(“BLM”) unpatented Lode Mining Claims on 39.5 Ha covering historic uranium mines (Prospector
1 Mine, Prospector 4 Mine, Buddy Mine, Lucky Strike).
Transaction Highlights
● 4 Past Producing Uranium Mines covered on the Claims and surrounding area having
produced over 1.33M lbs U3O8 at reported average grades of .22% U3O8 *
● Close Proximity to major roads with good year around access, power and a uranium mill
located in Blandings, Utah
● Uranium recently added to U.S. List of Critical Minerals fast tracking permitting,
regulatory policies as well as making eligibility for federal funding, loans and
government grants easier
● 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 s hareholders exposure to three North American assets both with near
surface uranium opportunities in low-risk jurisdictions
Greg Cameron stated “ The opportunity here is you have an historic uranium district that was
never systematically drilled and after decades it will finally get modern mining technology”. “ 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 and believe there to be a clear path
to add significant value for our shareholders.”
Rationale Behind the Acquisition
The Freedom and Prospector Mines produced from 1949 through to 1969, historical production
from the Marysvale district recorded over 1.33M lbs U3O8 with over 75% of that coming from
these mines. The mines in the area were initially mined individually as deep as 700 -900 feet,
however by the mid 1950’s the Prospector 1, Prospector 4, VCA Shaft, Freedom 1, and Freedom
2 Mines were all joined by underground drifts and worked as one operation . Drilling in 1970s
confirmed the ore continued down at least another 600 feet which we plan to confirm via step
out drilling. It is important to note that the encompassing c laims have a production history, in
ideal locations, situated near main roads, secondary roads and have access to power and water
sources. In December The Trump Administration added uranium to the critical minerals list with
a view to attract capital to uranium projects.
“This project 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 they ran out of uranium to mine,” stated
Greg Cameron, CEO of Terra. “We believe strongly that we can expand on the prev ious work
through modern exploration technologies like 3D modellin g” added Trevor Perkins VP
Exploration.
Project Overview
The Prospector and Freedom Mines Project consists of 6 contiguous claims covering 39.5 Ha in
Piute County, Utah. The property is located adjacent to the Fishlake National Forest,
approximately 5.25 km northeast of the village of Marysvale. A network of gravel roads allow
easy year-round access to the property.
Uranium in the area was discovered in 1948 and mining commenced in 1949 by Vanadium
Corporation of America (VCA). Over the next few years they consolidated various claims and
operations in the area. Production ceased in the Ma rysvale area in 19 69. Some exploration
drilling was undertaken in the area in the late 1970’s.
The Marysvale District hosts nearly vertical, northeast and east striking fissure veins that cut
granitic and volcanic rocks of th e Belknap volcanic sequence and is a prime example of an
epithermal vein -style uranium system. Ore is located within the north -northwesterly striking,
near vertical, Prospector Fault (Figure 3) . The primary ore minerals are uraninite, coffinite,
jordisite, and umohoite.
Terra’s VP Exploration visited the property in late 2025. Preliminary research indicates that there
is still significant ore in the ground and the property has good resource potential . All available
mining and production data for the property should be acquired and digitized. Air and ground
based radiometric surveys and trenching of anomalies will aid in developing an updated
structural model for the area to allow efficient drilling and modeling of the remaining
mineralization.
Figure 1: Location Map of the Prospector and Freedom Mines Project in Utah, USA.
Figure 2: Claim Map of the Prospector and Freedom Mines Project near Marysvale, Utah.
Figure 3: Map of Vanadium Corporation of America workings, 1959.
Figure 4: Prospector 1 surface workings with capped shaft in center of picture. Looking east.
Transaction Overview
To earn its respective interests in Freedom and Prospector Claims , the Company would be
required to make the following cash payments, common share issuances and incur exploration
expenditures on the respective claims as follows:
Cash Payment Share Issuance Exploration
Expenditures
To earn a 20%
interest
USD$67,500 on
execution of
definitive agreement
750,000 common
shares within five
business days of the
execution of
definitive agreement
Incur USD$150,000 in
expenditures on or
before the 1st year
anniversary of the
execution of
definitive agreement
To earn a 40%
interest
Additional
USD$50,000 on or
before the 1st year
anniversary of the
execution of
definitive agreement
Additional 750,000
common shares on or
before the 1st year
anniversary of the
execution of
definitive agreement
Incur additional
USD$150,000 in
expenditures on or
before the 2nd year
anniversary of the
execution of
definitive agreement
To earn a 60%
interest
Additional
USD$75,000 on or
before the 2nd year
anniversary of the
execution of
definitive agreement
Additional 750,000
common shares on or
before the 2nd year
anniversary of the
execution of
definitive agreement
Incur additional
USD$200,000 in
expenditures on or
before the 3rd year
anniversary of the
execution of
definitive agreement
To earn an 80%
interest
Additional
USD$100,000 on or
before the 3rd year
anniversary of the
execution of
definitive agreement
Additional 750,000
common shares on or
before the 3rd year
anniversary of the
execution of
definitive agreement
Incur additional
USD$200,000 in
expenditures on or
before the 4th year
anniversary of the
execution of
definitive agreement
To earn a 100%
interest
Additional
USD$125,000 on or
before the 4th year
anniversary of the
execution of
definitive agreement
Additional 750,000
common shares on or
before the 4th year
anniversary of the
execution of
definitive agreement
Incur additional
USD$250,000 in
expenditures on or
before the 5th year
anniversary of the
execution of
definitive agreement
** Subject to the retention by the Vendors of a two percent (2 %) net royalty on the Freedom
Prospector Claims (the “ F&P Royalty”), with Terra Clean having the option to purchase fifty
percent (50%) of the F&P Royalty at any time by making a total cash payment to the Vendors in
the amount of USD$500,000.
The agreements to acquire an interest in The Freedom & Prospector Claims remains subject to
the receipt of all regulatory approvals, including the approval of the Canadian Securities
Exchange.
All securities issued in connection with these agreements would be subject to a four-month plus
one day hold period from the date of issuance in accordance with applicable securities laws.
Marketing Agreements
The Company has entered into an agreement with Ares Capital Markets Group Inc . (“Ares”) on
January 20, 2026 pursuant to which Ares will perform marketing, advertising and public
awareness activities for the Company. Ares will provide digital marketing services including email
alerts, social media and related distribution. The services will be conducted in accordance with
the applicable policies of the Canadian Securities Exchange.
Ares has been engaged by the Company for a 3 -month period commencing immediately. In
consideration for the services provided, the Company has paid Ares US$100,000 in an upfront
payment.
Ares Capital Markets Group Inc. is based out of Delray Beach, Florida. Ares is arm’s length to the
Company and has no relationship with the Company and neither Ares nor its principal, Rodney
Raanan, has any interest, directly or indirectly, in the Company or its securities, or any right or
intent to acquire such an interest other than as disclosed herein. Ares can be contacted at
[email protected], phone number of 516-369-4855 or at 6151 Via Venetia N, Delray Beach,
Florida, 33484.
The Company has entered into an agreement with Aktien Check (“Aktien”) on January 20, 2026
pursuant to which Aktien will perform the marketing, advertising and public awareness activities
for the Company in Europe.
Aktien has been retained by the Company for a one-month period commencing immediately. In
consideration for the services provided, the Company has paid Aktien 25,000 Euros in an upfront
payment.
Aktien is based in Germany and is arm’s length to the Company and has no relationship with the
Company and neither Aktien nor its principal, Stefan Lindam, has any interest, directly or
indirectly, in the Company or its securities, or any right or intent to acquire such an interest other
than as disclosed herein. Aktien can be contacted at [email protected], phone
number of +49 2651 9890020 or at Bahnhofstrabe 6, 54670 Bad Marienberg, Germany.