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Terra has secured agreements to earn up to a 100% interest in two strategic claim groups within the San Rafael Swell in Emery Country, Utah. This acquisition provides the Company with near-surface uranium exposure in a low-risk U.S. jurisdiction with strong infrastructure and government support.
The San Rafael Swell is a large, uplifted anticline in east-central Utah, part of the prolific Colorado Plateau uranium belt. Uranium within the San Rafael Swell was mined from the late 1940s through the 1970s, before operations ceased due to a market collapse rather than resource depletion. The district remains highly prospective, with multiple historic workings, adits, and shafts still visible.
The Wheal Anne Property covers approximately 130 hectares and includes the historic Lucky Strike Mine and associated uranium showings. This area represents a significant opportunity to expand on historic production with modern exploration tools.
The Green Vein Mesa Claim Group covers approximately 300 hectares and hosts multiple historic uranium mines, including Payday, Hertz, and the Green Vein group. These mines were historically high-grade, with reported samples
up to 1% U₃O₈.