Energy Co. Advances Strategic Uranium Project Near Athabasca's Rich Deposits

1. Terra Clean Energy Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Terra Clean Energy Corp.
3. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

* Disclosure for the quote from the Clive Maund article published on March 7, 2025

1. For the quoted article (published on March 7, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.
2. Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989.  The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed

Clivemaund.com Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be  only be construed as a recommendation or solicitation to buy and sell securities.

Terra Clean Energy Corp. (TCEC:CSE; TCEFF:OTC; T1KC:FSE) announced a new summer drill program for the South Falcon East Uranium Project, which is just 18 kilometers outside the Athabasca Basin, known for hosting the world's highest-grade uranium deposits.

South Falcon East's Fraser Lakes B Uranium deposit is also about 50 kilometers from the Key Lake uranium mill and former mine.

The company has an option agreement with SkyHarbour Resources Ltd. to earn up to a 75% interest in South Falcon East, which has a historical Inferred resource of about 7 million pounds (7 Mlb) of U3O8 at 0.03% and 5.3 Mlb of thorium dioxide at 0.023% within 10,354,926 tons using a U3O8 cutoff grade of 0.01%.

Terra Clean is fresh off a winter drilling campaign at the project.

"The Athabasca Basin is one of the world's foremost uranium basins, accounting for some 20% of world uranium production," Chief Executive Officer Greg Cameron said in a release. "It has been well explored and understood for many years, attracting billions of dollars of investment. For these reasons and the fact that our vice president Exploration (C. Trevor Perkins) has worked extensively in the Basin and is excited about our findings, it is an immediate priority to follow up the very encouraging winter results this summer."

Cameron continued, "Finding an unconformity basin hosted deposit like Eagle Point or Rough Rider would be company changing."

The summer program will be extensive, the company said, drilling about 2,500 meters to test an area highlighted in the Winter 2025 program where it is interpreted that a north-northwest trending brittle structure, a north dipping structure with strong clay alteration, and mineralized pegmatites with hydrothermal hematite alteration hosted in graphitic pelitic gneiss all intersect.

"This puts many of the indicators identified as being key components for higher grade uranium mineralization all in the same location," Terra Clean said.

The company said it is generally accepted that for higher-grade uranium deposits in the Athabasca Basin several key indicators are required: graphitic metasediments, brittle reactivated basement structures, reducing fluid (indicated by clay alteration), and oxidizing fluid (indicated by hematite alteration, transports uranium).

"All of these features have been identified in the Fraser Lakes B deposit area," the company said.

Winter Results 'Very Encouraging'

The summer program will be supported by helicopter and will drill seven to 10 diamond-drill holes targeting an area approximately 120 to 150 meters north of drill holes SF0063, SF0065, SF0066, and SF0067, which were completed during the winter, Terra Clean said.

It's expected to start in mid-June and last four to five weeks and will be executed by Terralogic Exploration Inc. under Perkins' supervision. Its expected budget is CA$2 million.

"The results from the winter drilling program are very encouraging," said Perkins. "We are excited to get back in there and test where the clay alteration intersects the mineralized zone and graphitic sediment package. This an exciting target as this can bring together many of the key features associated with the known basement hosted unconformity deposits in the basin."

Terra Clean said samples of the mineralized intervals from the winter program — which totaled seven holes drilling more than 1,900 meters — were submitted for analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. Results are expected in May.

The South Falcon East property covers approximately 12,234 hectares and lies near key infrastructure, including Cameco's Key Lake Uranium Mill.

In a February research note, HoldCo Markets Inc. set a 12-month price target for the stock at CA$0.033, a 16% return over when the note was issued.

"We feel that the numerous overhangs which plagued the company of late have now been addressed," the firm said. "We now see an unencumbered return to the primary objective of the company — drilling, de-risking, and updating the Fraser Lakes B uranium deposit. We continue to believe that at the current microcap valuation, the risk remains on the upside, provided future drilling success."

'An Exceptional Investment'

*On March 7, Technical Analyst Clive Maund issued a strongly favorable assessment of Terra Clean Energy Corp., describing the company as "an exceptional investment at this time for a number of important and readily demonstrable fundamental and technical reasons."

He cited the company's Fraser Lakes B Uranium Deposit as a key advantage, noting that while current uranium grades are lower than some regional peers, they occur at shallow depths favorable for open-pit extraction and are located near infrastructure, which "further reduces costs." Maund also emphasized that "there is plenty of scope for increasing both the grade and the magnitude of the resource going forward on the company's sizable property."

He pointed to ongoing exploration efforts as a catalyst, highlighting that "an extensive drilling program is currently underway." The company's updated management team was also presented as a strength. According to Maund, "there have been significant management changes with the appointment of a new CEO, Greg Cameron and a new vice-president of exploration, C. Trevor Perkins," which he indicated the market had responded positively to. In a direct quote from Cameron included in the analysis, he stated, "We believe strongly that our upcoming exploration program will allow us to increase both the size and grade of the current deposit."

Maund also offered a technical overview of the company's share performance, suggesting that Terra's stock was nearing a breakout point after completing what he described as a classic Cup and Handle base pattern. He noted the strong upward movement in the On-Balance Volume line and interpreted this as a sign of "increasingly aggressive 'Smart Money' buying of stock." He concluded that "this is a good point to add to positions" and rated Terra Clean Energy a "Strong Buy . . .  for all time horizons."

The Catalyst: More Power Needed

To keep up with expanding power needs, countries around the world are building new nuclear reactors and recommissioning old ones.

According to an October report on CarbonCredits.com, BMO Capital Markets projects a strong outlook for uranium demand, predicting it to grow at an annual rate of 2.9% through 2035, largely driven by China's aggressive push to build new nuclear reactors and the potential for reactor restarts in North America. 

BMO Analyst Alexander Pearce emphasized the long-term demand outlook, noting that they foresee a potentially higher uranium demand over the medium to long term, CarbonCredits.com reported. This optimism is fueled by several factors, including geopolitical shifts, growing global demand for clean energy, and new nuclear technologies such as small modular reactors (SMRs).

The uranium sector in early 2025 experienced significant volatility shaped by production restarts, policy uncertainty, and geopolitical developments. According to Nuclear News on March 19, U.S. uranium production increased throughout 2024, reaching 375,401 pounds of U₃O₈ in the fourth quarter— the highest quarterly output since 2018. This rise was attributed to resumed operations at previously idle projects following the signing of the Russian uranium import ban in May 2024. The publication noted that "uranium producers are keenly sensitive to price shifts" and described 2024 as "a fundamental building year" for U.S. supply as companies restarted mining and prepared projects for scaled output.

Ownership and Share Structure

Management and Insiders own approximately 8.3% of the company after the December private placement, with institutional shareholders participating for over half of CA$3.4 million recently raised, the company noted. 

Terra Clean Energy has a market cap of CA$4 million with a strong balance sheet and shareholder base.