Terra Clean Energy Secures Full Allocation for Uranium Project Financing

Vancouver B.C., Sept. 21, 2026 /CourierPR/ -- Terra Clean Energy Corp. ("Terra" or the "Company") (CSE: TCEC, OTCQB: TCEFF, FSE: C9O0), a Canadian-based uranium exploration and development company, announced today that the full amount of its previously announced brokered private placement has been fully allocated. The offering is being conducted by Centurion One Capital Corp. as lead agent and sole bookrunner and is expected to close on or about October 5, 2026, subject to customary closing conditions and receipt of all required regulatory approvals, including approval of the Canadian Securities Exchange.

Under the offering, the Company expects to issue 14,285,714 units (the "Units") at a price of $0.14 per Unit for aggregate gross proceeds of approximately $2,000,000. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of $0.22 for a period of three years following the closing date.

The net proceeds from the offering will be used primarily to fund the Company's previously announced and permitted work program at the Marysvale Uranium Mines Project, including the construction of five drill pads, excavation of seven exploration trenches and preparations for the planned 10,000-foot core drilling program. A portion of the proceeds will also be used for general working capital purposes.

The securities issued under the offering will be subject to a statutory hold period of four months and one day from the closing date. The offering remains subject to customary closing conditions and all necessary regulatory approvals. There can be no assurance that the offering will close on the terms described herein or at all.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Terra Clean Energy Corp. is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project 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. The Company's strategy is to find and advance late-stage uranium projects to support growing demand for Nuclear Power and secure domestic mineral supply chains.

The full allocation of the $2.0 million brokered private placement by Terra Clean Energy Corp. marks a significant step in the company's development. The proceeds will be used to fund critical exploration activities at the Marysvale Uranium Mines Project in Utah, including the construction of drill pads and the excavation of exploration trenches. This investment is expected to position the company for its planned 10,000-foot core drilling program, which is crucial for advancing the project towards development. The allocation of the offering also underscores the strong support Terra Clean Energy has received from investors, as evidenced by the full allocation of the $2.0 million private placement.