Terra Uranium (ASX: $T92) Acquisition Announcement

Terra Uranium Limited (ASX: $T92) has announced the acquisition of two 100% owned uranium projects, Yurkowksi Lake and Engler Lake, in the prolific Athabasca Basin, Canada. The addition of these projects expands T92's portfolio to six 100% owned uranium projects in the Athabasca Basin, covering a total of 1,203 sq km.

Executive Commentary on Acquisition

Terra Uranium Executive Chairman, Andrew Vigar, stated, '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, and 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 (ASX: $T92) has successfully acquired the Yurkowksi Lake and Engler Lake projects, further strengthening its presence in the Athabasca Basin, Canada. The company's ambitious work programs for the year, including surface exploration, airborne geophysics, and ambient noise tomography, demonstrate its commitment to advancing its projects. With a highly experienced corporate and technical team, T92 is well-positioned to capitalize on the potential of these new acquisitions and is actively engaging in discussions with joint-development partners to fund drilling on its core projects. The addition of these projects aligns with T92's strategy to target major discoveries under cover that are close to existing production infrastructure, leveraging its in-depth knowledge of the Basin's structures and deposits. The company's proactive approach and expansion efforts indicate a positive outlook for its future endeavors in the uranium sector.