Terra Uranium Limited's recent funding and acquisition update

Terra Uranium Limited (ASX: $T92) has successfully raised approximately $500,000 through a placement at $0.16 per share. The funds will be utilized to further advance the 15,300,000lb U308 100%-acquisition of the Amer Lake Uranium Project and for general working capital as announced on 28 March 2024.

Executive Chairman's perspective on the recent funding and acquisition

Terra would like to thank our high-quality investor base for their previous and ongoing support, that has not only enabled Terra to achieve so much to date, but to now help acquire a significant uranium resource. The six claims at Amer Lake Uranium that overlie this foreign, non-JORC resource of 15.3 million pounds of U3O8, have been acquired on very competitive terms. We believe this to be a highly accretive acquisition of a large, defined resource, and that this milestone represents a significant value proposition for investors. We note that while Terra is very excited about this opportunity, it does not detract at all from our ongoing focus on current and future opportunities on our Core Projects in the Athabasca Basin. We thank our investors once again, and look forward to updating them as we progress all assets in our growing portfolio.

Summary of Terra Uranium's recent announcement

Terra Uranium Limited (ASX: $T92) has successfully raised approximately $500,000 through a placement at $0.16 per share to further advance the 15,300,000lb U308 100%-acquisition of the Amer Lake Uranium Project and for general working capital. The company's Executive Chairman, Andrew Vigar, expressed gratitude towards the investor base and highlighted the strategic significance of the acquisition. The company remains committed to its ongoing focus on current and future opportunities on its Core Projects in the Athabasca Basin. With the recent funding, Terra Uranium is well-positioned to progress its assets and continue its exploration efforts in the uranium sector.