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Terra Critical Minerals Limited (ASX:T92)

ALERT: Price-sensitive ASX Announcement for T92
Current share price for T92 : $0.043 -0.014 (-24.56%)+
Announcement
Release
21 Jan 2026 9:43AM
Price at Release
$0.057
Full Release
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Summary
Terra Critical Minerals Limited, listed on the ASX under the code T92, has revised its definitive option agreements with ATHA Energy Corp, a TSXV-listed company. The revised agreement involves ATHA's commitment to fund exploration expenditures of CAD$2,000,000 or to complete two deep holes of at least 1,000 meters each by December 31, 2026, to earn a 30% interest in the Pasfield Lake Project. Additional terms allow ATHA to earn further interests of 15% each by meeting specified exploration activities by 2027 and 2028. The agreement reflects an alignment of interests and confidence in Terra's uranium exploration ambitions in Canada and Australia, amid rising uranium prices and increased demand driven by technological infrastructure needs.
Key Points
  • Terra Critical Minerals signed an amended definitive option agreement with ATHA Energy Corp.
  • ATHA to fund CAD$2,000,000 or complete two 1,000m deep holes for a 30% interest by December 31, 2026.
  • Further 15% interest upon additional funding or drilling by 2027 and 2028.
  • Agreement demonstrates confidence and strategic alignment between Terra and ATHA.
  • Uranium market dynamics favor Terra's exploration strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.