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Terra Clean Closes the Acquisition to Earn 100% Interest in the Prospector & Freedom Uranium Mines in Marysvale, Utah, United States

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Terra Clean Energy Corp. completed its acquisition of 100% interest in Utah’s Prospector & Freedom uranium mines, finalizing a January 2026 agreement. The Canadian firm issued 750,000 common shares to vendors as part of the deal. The mines are located in Marysvale, Utah, expanding Terra’s U.S. uranium portfolio alongside existing Wyoming exploration properties and its flagship South Falcon East project in Saskatchewan’s Athabasca Basin. Terra’s CEO, Greg Cameron, confirmed the transaction aligns with the company’s strategy to secure domestic uranium assets amid rising demand for clean energy and nuclear fuel. All issued securities face a four-month regulatory hold period under Canadian securities laws, with technical details reviewed by Qualified Person C. Trevor Perkins under NI 43-101 standards. The deal includes forward-looking risks, including exploration uncertainties, commodity price fluctuations, and regulatory delays, as outlined in Terra’s SEDAR+ filings.
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Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.Vancouver B.C., Feb. 18, 2026 (GLOBE NEWSWIRE) — TERRA CLEAN ENERGY CORP. (“Terra” or the “Company”) (CSE: TCEC, OTCQB: TCEFF, FSE: C9O0), is pleased to announce that, further to its press release dated January 26, 2026, the Company has entered into a definitive agreement to acquire up to a 100% interest in the Prospector & Freedom Uranium Mines located in Marysvale, Utah. As part of the initial earn-in, the Company will issue a total of 750,000 common shares to the Vendors (complete details of the earn-in requirements can be found in the January 26, 2026 press release).Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.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.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.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 and uranium exploration properties in Wyoming, United States.ON BEHALF OF THE BOARD OF TERRA CLEAN ENERGY CORP.“Greg Cameron”Greg Cameron, CEOQualified PersonThe 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 InformationThis news release contains certain statements that may be deemed “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements may include, without limitation, statements relating to the Company’s planned exploration activities on properties and the potential development of mineral resources and mineral reserves which may or may not occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: competition within the industry; actual results of current exploration activities; environmental risks; changes in project parameters as plans continue to be refined; future price of commodities; failure of equipment or processes to operate as anticipated; accidents, and other risks of the mining industry; delays in obtaining approvals or financing; risks related to indebtedness and the service of such indebtedness; as well as those factors, risks and uncertainties identified and reported in the Company’s public filings under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.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, CEOinfo@tcec.energy 416-277-6174Terra Clean Energy Corp1133 Melville Street, Suite 2700Vancouver, BC V6E 4E5www.tcec.energyPostmedia is committed to maintaining a lively but civil forum for discussion. 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