Terra Uranium's Trading Halt Request

Terra Uranium Limited (ASX: $T92) has requested a trading halt in accordance with ASX Listing Rule 17.1. The halt is pending an announcement of a capital raise through a placement to sophisticated and institutional investors. The trading halt will continue until the commencement of normal trading on Wednesday, 3 April 2024, or until the release of the announcement, whichever occurs earlier.

Executive Commentary on Trading Halt Request

The Company has requested the trading halt to facilitate the forthcoming announcement of a capital raise through a placement to sophisticated and institutional investors. This strategic move aligns with our ongoing efforts to strengthen the Company's financial position and support our growth initiatives. We believe that this capital raise will enable us to pursue our strategic objectives effectively.

Summary of Trading Halt Request

Terra Uranium Limited (ASX: $T92) has requested a trading halt in preparation for the announcement of a capital raise via a placement to sophisticated and institutional investors. The Company's Chairman of the board of Directors, Andrew J Vigar, has authorized this request. The trading halt is expected to be lifted upon the release of the announcement or at the commencement of normal trading on Wednesday, 3 April 2024. This move reflects the Company's commitment to fortifying its financial position and advancing its strategic goals.