Terra Clean Energy Raises C$1.4-2.73mln via Private Placement

Terra Clean Energy is launching a private placement of 10-19.52 million units priced at C$0.14 each, aiming to raise C$1.4-2.73 million. The proceeds will fund Utah claims, exploration, and working capital. Each unit includes one common share and half a warrant exercisable at C$0.17 for 36 months. The offering is expected to close on November 4, subject to regulatory approvals. TCEFF closed -4.23% at $0.0972.

Terra Clean Energy Corp. (TCEFF) has launched a private placement offering of 10-19.52 million units priced at C$0.14 each, aiming to raise between C$1.4 million and C$2.73 million. The proceeds from this offering will be used to fund exploration and working capital, with a focus on Utah claims. Each unit includes one common share and half a warrant exercisable at C$0.17 for 36 months. The offering is expected to close on November 4, subject to regulatory approvals, as noted in a Stocktitan article.

As of September 12, 2025, TCEFF closed at C$0.0972, down by 4.23% from the previous day. The company's recent announcement of an active rare earth element (REE) deposit at the Fraser Lakes B Deposit has been a key driver of interest in the company's exploration activities.

The private placement is part of Terra Clean Energy's broader strategy to expand its exploration portfolio and secure funding for ongoing projects. The company's CEO, Greg Cameron, highlighted the strategic importance of REE deposits and the potential for significant upside in light of the current market environment. The Fraser Lakes B Deposit, located in the Athabasca Basin region of Saskatchewan, Canada, is a key asset for the company, with historical inferred resources of 6.9 million pounds U₃O₈ and 5.3 million pounds ThO₂.

Terra Clean Energy's focus on REE exploration is aligned with global trends and increasing demand for these critical elements in various industries, including automotive, batteries, and electronics. The company's partnership with Skyharbour Resources Ltd. has been instrumental in advancing the exploration and development of the Fraser Lakes B Deposit.

In addition to the private placement, Terra Clean Energy has secured significant funding through earn-in option agreements with partners. These agreements total over C$36 million in partner-funded exploration expenditures, over C$20 million worth of shares being issued, and C$14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Terra Clean Energy's private placement offering is an important step in securing the necessary funding to continue its exploration activities and unlock the value of its REE deposits. The company's strategic focus on REE exploration, combined with its strong partnerships and significant funding, positions it well to capitalize on the growing demand for these critical elements.