Terra Clean Energy closes $2.0 million brokered private placement

Not for distribution to U.S. newswire services or for release, publication, distribution or dissemination, directly or indirectly, in whole or in part, into the United States

Vancouver B.C., Sept. 21, 2026 (GLOBE NEWSWIRE) -- TERRA CLEAN ENERGY CORP. (“ Terra ” or the “ Company ”) (CSE: TCEC, OTCQB: TCEFF, FSE: C9O0) is pleased to announce that the full amount of its previously announced brokered private placement has been fully allocated (see press release issued on September 8, 2026).

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.

“We are very pleased with the strong support received for this financing and the full allocation of the offering,” stated Greg Cameron, Chief Executive Officer of Terra Clean Energy. “The proceeds will allow us to fund the previously announced work program at our Marysvale Uranium Mines Project in Utah. Field crews are scheduled to mobilize during the final week of September to begin construction of the drill pads and excavation of the permitted trenches, positioning the Company for its planned 10,000-foot core drilling program.”

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.

ABOUT TERRA CLEAN ENERGY CORP.