Terra Balcanica Announces Proposed Spin-Out of Terra North Resources Corp.

Vancouver, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1; OTC:TEBAF) is pleased to announce that its Board of Directors has approved, in principle, a corporate reorganization (the “Spin-Out Transaction”) whereby the Company plans to spin out its Canadian uranium assets into a wholly-owned subsidiary, Terra North Resources Corp. (“Terra North”). The proposed spin-out transaction is expected to include the followin