The Conversation (0)
Terra Clean Energy CORP. ("Terra" or the "Company") (CSE: TCEC,OTC:TCEFF, OTCQB: TCEFF, FSE: C9O0) welcomes the recent announcement by Governor Cox of Utah unveiling "Mission Critical" a mine-to-market state strategy for critical minerals, built with clarity, speed, and responsibility. The state plans to approve five mining projects in 2026 and to bring a national lab to Utah by 2031 making Utah the No. 1 destination for critical mineral extraction and processing in the United States.
In late 2025, uranium was added to the U.S. Government's list of critical minerals deeming it vital to the U.S. economy. Being on the critical minerals list can influence federal as well as state policy in several ways including:
- Fast track permitting
- Domestic mining and processing incentives
- Prioritization in national security and supply chain strategies
- Potential eligibility for funding and government grants
In addition to capturing 25% of the critical mineral market share, "Mission Critical" seeks to cut permitting timelines by 50% and to ensure that 50% of minerals extracted in Utah are processed in Utah. "I'm working on significantly lowering the time frame that it takes for permitting, in both the mining area and processing of critical minerals" Cox said "While still keeping people safe. We can do both of those things."
With past producing uranium mines in the U.S., Terra will no doubt benefit from the sweeping new legislation as it develops its portfolio of U.S. uranium assets" said Greg Cameron CEO. "I strongly believe that 2026 will be the year of uranium and with uranium assets in Utah and additional uranium claims being staked, Terra will have a significant portfolio of U.S. Uranium assets, with a particular focus on Utah to complement its Fraser Lakes B uranium deposit in the Athabasca Basin, Saskatchewan."
About Terra Clean Energy Corp.
Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which holds a 6.96M pound inferred uranium resource within the Fraser Lakes B Deposit, located in the Athabasca Basin region, Saskatchewan, Canada as well as past producing uranium mines in Utah, United States and uranium exploration properties in Wyoming, United States.
ON BEHALF OF THE BOARD OF Terra Clean Energy CORP.
"Greg Cameron"
Greg Cameron, CEO
Qualified Person
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101, reviewed and approved on behalf of the company by C. Trevor Perkins, P.Geo., the Company's Vice President, Exploration, and a Qualified Person as defined by National Instrument 43-101.
*The historical resource is described in the Technical Report on the South Falcon East Property, filed on sedarplus.ca on February 9, 2023. The Company is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While the Company is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.
Forward-Looking Information
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and general economic and political conditions. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary approvals, including governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by applicable laws. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the Company's public filings available under the Company's profile at www.sedarplus.ca.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
Greg Cameron, CEO
info@tcec.energy
416-277-6174
Terra Clean Energy Corp
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
www.tcec.energy
