Terra Clean Energy closes $2.4 million oversubscribed financing led by Centurion One Capital

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Vancouver, BC, Oct. 06, 2026 (GLOBE NEWSWIRE) -- Terra Clean Energy Corp. (" Terra Clean Energy " or the " Company ") (CSE: TCEC) (OTCQB: TCEFF) (FSE: C9O0) is pleased to announce the successful closing of its previously announced upsized brokered private placement of units of the Company (the “ Units ”) for aggregate gross proceeds of approximately $1.97 million (the “ Brokered Offering ”). A portion of the private placement of Units also closed concurrently on a non-brokered basis for additional gross proceeds of $461,062 (the “ Non-Brokered Offering ” and together with the Brokered Offering, the “ Offerings ”).

The Offerings were led by Centurion One Capital Corp. as lead agent and sole bookrunner (the “ Lead Agent ”) in respect of the Brokered Offering and fiscal advisor in respect of the Non-Brokered Offering.

Greg Cameron, Chief Executive Officer of the Company commented: “ We are very pleased to have successfully completed this oversubscribed financing. Centurion One Capital led the raise, served as an anchor investor, and brought together a strong group of long-term investors who share our confidence in Terra Clean Energy’s growth strategy. The proceeds will allow us to further advance the Marysvale Uranium Mines Project in Utah, while continuing to position the Company to benefit from the growing demand for secure domestic uranium supply. ”

A total of 17,342,257 Units were sold under the Offerings at a price of $0.14 per Unit (the “ Issue Price ”) for aggregate gross proceeds of approximately $2,427,916. Each Unit consists of one common share in the capital of the Company (each, a " Share ") and one Share purchase warrant (each, a " Warrant "). The Shares and Warrants issued in connection with the Offerings are subject to a statutory hold period of four months and one day from the Closing Date in accordance with applicable Canadian securities legislation. Each Warrant shall entitle the holder thereof to purchase one Share at a price of $0.22 for a period of three (3) years from October 6, 2026 (the “ Closing Date ”).

The Warrants will be subject to an acceleration right (the " Warrant Acceleration Right ") if, on any fifteen (15) consecutive trading days, beginning on the Closing Date, the daily volume weighted average trading price of the Share is greater than $0.44. If the Company exercises its Warrant Acceleration Right, the new expiry date of the Warrants will be the 30th day following the notice of such exercise.

The net proceeds of the Offerings will be used for capital expenditures and general working capital purposes.

In connection with the Offerings, the Lead Agent received: (i) a cash commission of $194,233; and (ii) an aggregate of 1,387,380 broker warrants (the " Broker Warrants "), with each such Broker Warrant entitling the holder to acquire one Unit of the Company at any time for a period of three (3) years from the date of issuance of such Broker Warrant at an exercise price equal to the Issue Price. The Warrants underlying each Unit acquired upon exercise of a Broker Warrant shall be exercisable for a period of three (3) years from the date of issuance of the Broker Warrant.