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Terra Clean Energy revises earn-in terms and plans $1.75M drill program at South Falcon East uranium project

Company Fundamentals
30 Apr 2026
GlobeNewsWire
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Bullish
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Terra Clean Energy Corp. has improved its earn-in terms for the South Falcon East Uranium Project in Saskatchewan, allowing it to earn an initial 51% interest under more favorable conditions while maintaining the same total project cost for up to 75% ownership. The company plans a summer 2026 drill program of up to 2,500 meters targeting key geological features linked to higher-grade uranium deposits, with a budget of $1.75 million CAD. This program aims to follow up on promising winter 2025 results and accelerate exploration progress. Terra’s revised agreement includes staged share issuances, cash payments, and work expenditures to Skyharbour Resources Ltd., its partner in the project.

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