Thanks to fuel elements containing tristructural isotropic (TRISO) particles combined with a low core power density and passive feedback mechanisms leading to modest temperature rises in the event of accidental events, high-temperature gas-cooled reactors (HTGRs) offer a high degree of reliability in terms of fission product retention. While the anticipated source term for HTGRs is expected to be very low, it is important to provide a quantitative estimate of radiological releases during nominal and accidental conditions. We propose a computationally efficient mechanistic source term methodology relying on the Multiphysics Object Oriented Simulation Environment (MOOSE) for tracking fission product transport from TRISO particles up to the coolant pressure boundary, as well as modeling the transport and potential deposition of these nuclides inside the reactor coolant loop. The proposed computational scheme is applied to estimate source term inventories for a representative 10-MW(thermal) prismatic high-temperature microreactor and is qualitatively compared against known release fractions. In addition to providing an alternate analysis tool, this MOOSE model can help reactor designers quantify the influence of key design parameters relevant for studies of radiological dose consequences.