Terra Uranium Expands Beyond Uranium: Acquires High-Grade Tin, Silver & Gold Projects in NSW

Key Highlights:

• Terra Uranium (ASX:T92) is set to acquire 100% of LCT Metals Pty Ltd, securing two high-grade exploration licences in New South Wales.
• The acquisition includes Ottery Tin Mine, Castle Rag Silver Project, and Mole River Silver and Tin Project, historically significant for their tin, silver, and gold deposits.
• Rock-chip samples from Mole River include 64% tin and 1,670 g/t silver, showcasing the site’s high-grade mineralization potential.
• The company raised $500,000 through a share placement to fund the acquisition and exploration.
• Terra Uranium remains committed to its Athabasca Basin uranium assets, leveraging the growing demand for nuclear energy.

T92’s Big Move: Diversifying Beyond Uranium

Terra Uranium Ltd (ASX:T92) has made a strategic shift, expanding beyond uranium with the acquisition of LCT Metals Pty Ltd, which owns two highly prospective tin, silver, and gold projects in the New England Tin Province, NSW. This move comes at a time when tin prices are soaring, driven by geopolitical tensions and supply disruptions.

Executive Chairman Andrew Vigar stated:

“The T92 exploration strategy has been expanded from just uranium to tin, silver, and gold in Australia. While we retain our valuable Canadian uranium assets, this acquisition in the prolific New England region offers exciting growth potential.”

The NSW Projects: Unlocking High-Grade Potential

The Ottery Tin Mine, one of the largest hard rock tin producers in NSW, has produced 2,700 tonnes of SnO₂ at an average grade of 2%. The mine sits within a mineralized zone at least 500m long and 30m wide, with strong indications of silver and gold deposits.

Meanwhile, Mole River and Castle Rag have also shown exceptional grades, with multiple high-value samples including:

• 64% Tin
• 1,670 g/t Silver
• 97 g/t Silver & 4.1% Lead
• 5.25% Lead & 120 g/t Silver

Below is a snapshot of the high-grade mineralization across the projects:

The acquisition places Terra Uranium in an enviable position to capitalize on the rising demand for critical minerals as global supply shortages persist.

Share Placement & Market Performance

To support the acquisition and future exploration efforts, T92 successfully raised $500,000 through a placement at $0.04 per share. Funds will be allocated towards:

• Finalizing the LCT Metals acquisition
• Exploration & drilling programs
• General working capital

Market Performance:

• Current Share Price: $0.043 (+13.16% today)
• 52-Week High/Low: $0.185 / $0.035
• Market Cap: $3.74M
• YTD Performance: +7.50%

T92’s stock price has seen a sharp decline of 68% over the past year, but this new acquisition could be a potential game-changer, attracting fresh investor interest.

Why This Matters for Investors

With tin, silver, and gold prices soaring, Terra Uranium’s pivot could prove timely. The company’s continued exposure to uranium in Canada’s Athabasca Basin remains a key asset, but this diversification into critical minerals adds another layer of growth potential.

Furthermore, the acquisition is strategically positioned near existing projects, allowing Terra Uranium to leverage existing infrastructure to accelerate exploration and potential production.

Upcoming Catalysts:

• Completion of LCT Metals acquisition
• Initial exploration & drilling at Ottery, Mole River & Castle Rag
• Continued focus on Athabasca uranium assets
• Potential resource upgrades and JORC-compliant results

Final Thoughts

With the global race for critical minerals heating up, Terra Uranium (ASX:T92) is positioning itself for a strong rebound. Investors looking for exposure to high-grade tin, silver, and gold projects—while still benefiting from the upside of uranium—should keep a close eye on T92’s next moves.