Terra Clean Energy Corp. (CSE: TCEC; OTCQB: TCEFF; FSE: C9O0) has contracted KB Drilling Co., Inc. of Mound House, Nevada, to carry out a 10,000-foot diamond core drilling campaign at its Marysvale Uranium Mines Project in Utah, with drilling scheduled to commence during the final week of October 2026. The program will target depth and strike extensions of a historically productive epithermal uranium vein system surrounding the past-producing Prospector and Freedom mines. Investors may be watching this development closely as it marks the transition from planning to active fieldwork at one of the company's key uranium assets in the western United States.

Key Points

  • Terra Clean Energy Corp. (CSE: TCEC; OTCQB: TCEFF; FSE: C9O0) is a Canadian-based uranium exploration and development company.
  • The company has contracted KB Drilling Co., Inc. for a 10,000-foot core drilling program at the Marysvale Uranium Mines Project in Utah, beginning the final week of October 2026.
  • The program covers 12 drill targets across five permitted pads; the Marysvale district historically produced approximately 1.33 million pounds of U3O8 at an average grade of approximately 0.22% U3O8, with the Prospector and Freedom mines accounting for more than 75% of that output.
  • Investors will be watching for assay and geological results from the program to assess whether known mineralized structures extend beyond previously mined areas.

Marysvale District Geology and Drill Target Selection

The Marysvale Uranium District hosts structurally controlled, volcanic-hosted epithermal uranium mineralisation occurring within steeply dipping veins and associated fracture zones. Terra has developed its 12 drill targets using historical mine and drilling records, including underground engineering reports, assay data, geological mapping, and radiometric survey information, all integrated into a three-dimensional geological model. Historical drilling indicates that mineralisation continues more than 600 feet below portions of the former underground workings, and the mineralised structures are reported to remain open along strike and at depth, according to the release.

Program Objectives at the Prospector and Freedom Mines

The five principal objectives of the drill program are to test the down-dip continuation of mineralised veins beneath former workings, evaluate strike extensions beyond historically mined areas, confirm the location and grade of known structures, identify parallel veins and previously unrecognised mineralised zones, and generate geological and assay data to guide subsequent drilling. The release states that site preparation crews were scheduled to begin constructing permitted drill pads and exploration trenches during the final week of September, ahead of KB Drilling's planned mobilisation.

Funding and Qualified Person Sign-Off

Terra stated that its previously announced private placement and current cash on hand will fund the Marysvale work program, including the planned core drilling campaign and an initial environmental baseline study. The company did not disclose the specific dollar value of the drilling contract in the announcement. The scientific and technical content of the release was reviewed and approved by C. Trevor Perkins, P.Geo., Vice President Exploration for Terra Clean Energy Corp., acting as Qualified Person under National Instrument 43-101. Historical results referenced in the release have not been verified and do not meet NI 43-101 standards.