Terra Clean Energy Corp. has formalized a contract with KB Drilling Co., Inc. of Mound House, Nevada, to carry out an approximately 10,000-foot core drilling program at the Marysvale Uranium Mines project in Utah. Operations are scheduled to begin in the first week of November 2026. The objective is to test depth and along-strike extensions of a high-grade uranium system with a strong historical production record.
The program includes 12 drill targets spread across five permitted pads. These targets were defined by integrating historical data — underground engineering reports, drill logs, sampling results, and mine maps — with a three-dimensional geological model developed by the company over recent weeks. Mineralization, according to available data, continues beyond 600 feet below the former mine workings, and the mineralized structures remain open both at depth and laterally. This is the key point: this is not unexplored ground, but a well-documented system that has never been fully tested to its actual limits.
The Marysvale district in Utah has historically produced approximately 1.33 million pounds of U3O8 at an average grade of 0.22%. The Prospector and Freedom mines, both included in the current project, together accounted for more than 75% of that output. The mineralization is epithermal and structurally controlled, hosted in sub-vertical veins and fracture zones associated with volcanic rocks — a well-defined geological setting that significantly reduces exploration uncertainty compared to less-studied systems.
Funding for the drilling campaign is already secured. Terra Clean Energy raised $2 million through a brokered private placement, with proceeds earmarked primarily for the Marysvale program. Field crews had already begun mobilizing in the weeks prior to build the drill pads and complete seven preliminary exploration trenches, laying the groundwork for the main drilling phase. The company is listed on the CSE (ticker: TCEC), OTCQB (TCEFF), and the Frankfurt Stock Exchange (C9O0).
Beyond Marysvale, Terra Clean Energy holds the South Falcon East project in the Athabasca Basin, Saskatchewan, as well as exploration properties in Wyoming. The company’s strategy focuses on advanced-stage projects where established geological context and existing permits shorten the timeline between exploration and potential production. The uranium market continues to be driven by demand: global nuclear capacity growth — fueled by new reactor builds and the restart of existing plants — keeps sustaining interest in new domestic U.S. supply. The results of the November drilling campaign will determine whether Marysvale can transition from a historical archive into an active resource.
