Terra Uranium's Acquisition of Yurkowski Lake and Engler Lake Projects

Terra Uranium Limited (ASX: $T92) has announced the acquisition of two new 100% owned uranium projects, Yurkowski Lake and Engler Lake, in the prolific Athabasca Basin, Canada. The Yurkowski Lake Project is contiguous with Terra Uranium's Pasfield Lake project, while the Engler Lake Project represents a new area for T92, offering shallow depth targets. Both projects are considered highly prospective for uranium mineralization based on detailed technical assessments conducted by Terra Uranium's in-house team. Work programs planned for this year include surface exploration, airborne geophysics, and ambient noise tomography (ANT). With the addition of these projects, T92 now holds six 100% owned uranium projects in the Athabasca Basin, covering 1,203 sq km.

Executive Chairman's Perspective

The ongoing internal technical work by our Canadian team has again identified an excellent new target at Engler Lake offering shallow depth targets in the northern Athabasca, as well as Yurkowski Lake, a highly prospective extension to our core project of Pasfield Lake. This brings the number of T92's 100% owned Athabasca Projects to six. The ability to stake additional, high-quality projects in a highly competitive market is an indication of the professionalism of our Canada-based team lead by Mr Mike McClelland. In parallel to this, we are also actively advancing discussions on new opportunities and with joint-development partners to fund drilling on our core projects.

Summary of Acquisition and Outlook

Terra Uranium's acquisition of Yurkowski Lake and Engler Lake projects expands its portfolio in the Athabasca Basin, Canada, adding to its existing Core Projects. The company's plans for work programs in 2024, including surface exploration, airborne geophysics, and ambient noise tomography, demonstrate its commitment to advancing its exploration activities. With discussions ongoing for joint-development partnerships and the identification of new opportunities, Terra Uranium is poised to continue its strategic growth in the uranium sector. The company's focus on internal technical work and leveraging the expertise of its Canadian team underpins its ability to identify and secure high-quality projects in a competitive market.