Traction Uranium Corp. announces that it has entered into debt settlement agreements with a director, an officer, and a consultant of the Company, respectively. Pursuant to the Agreements, the Company has agreed to settle debts in the aggregate amount of $283,400 through the issuance of 1,288,181 units at a deemed price of $0.22 per Unit, with each Unit being comprised of one common share in the capital of the Company and [...]
Traction Uranium Corp. is pleased to announce that it intends to complete a private placement financing of units at a price of C$0.18 per Unit, with each Unit being comprised of one common share and one Share purchase warrant . Each Warrant will be entitling the holder to purchase one Share at a price of C$0.24 during the period between the date that is 60 days from Closing and the date that is 24 months from Closing [...]
Traction Uranium Corp. announces that it has terminated the property option agreement with Forum Energy Metals Corp. entered into on February 3, 2023 , under which the Company had the option to earn and acquire up to a 100% interest in Forum Metals' Grease River Property located in Athabasca Basin, Northern Saskatchewan, Canada. The Company has decided not to continue with the Option Agreement and the exploration thereof [...]
Traction Uranium Corp. announces, further to its news release of September 5, 2024, that the consolidation of its issued and outstanding common shares on the basis of one post-consolidation common share for every ten currently-outstanding common shares will have a record date of September 26, 2024. On a pre-Consolidation basis, the Company has 92,609,126 issued and outstanding common shares and, following the [...]
Traction Uranium Corp. is pleased to announce that its board of directors has approved a consolidation of the common shares of the Company on a ten-to-one basis. The Company has 92,609,126 Common Shares outstanding and, if completed, the proposed Consolidation would reduce the issued and outstanding Common Shares to approximately 9,260,912 Common Shares. The Company will issue a subsequent news release, following its [...]
Traction Uranium Corp. announces the resignation of Faizaan Lalani as a Director of the Company. Mr. Lalani has been a Director of Traction since 2020. "We would like to thank Faizaan for all of his invaluable contributions to the Company," Paul Gorman, Chief Executive Officer of the Company said. "We wish him all the best in his future endeavours." About Traction Uranium Corp. Traction Uranium Corp. is in the business of [...]
Traction Uranium Corp. and Forum Energy Metals Corp. are pleased to announce they have commenced a helicopter-borne airborne MobileMT survey on the Grease River Project, located along the north rim of the Athabasca Basin, Saskatchewan. The survey is being completed by Expert Geophysics based out of Aurora, Ontario. A total of 1,781 line-km will be surveyed at a 100 metre line spacing and will collect high resolution [...]
Traction Uranium Corp. is pleased to announce the appointment of Paul Gorman as Interim Chief Executive Officer and Director of the Company. Mr. Gorman is a resource sector-focused corporate specialist with over 25 years of experience in junior mining finance, public listings, viability assessment, and the operational rationalization of several emerging-growth public companies. For 18 years, he served as President and [...]
Traction Uranium Corp. announces the completion of a single sonic drill hole at the Hearty Bay Property and the early suspension of the drill program due to deteriorating ice conditions on Lake Athabasca. The use of a track mounted sonic drill has resulted in the recovery of till for the first time under the lake in the up-ice direction from the high grade boulder trains on Isle Brochet and resulted in the recovery of a [...]
Traction Uranium Corp. is pleased to announce that the 2024 winter drill program at the Hearty Bay project is underway with the arrival of the Boart Longyear drill crew on site. The program is designed to find the source of glacially dispersed uraniferous boulders and anomalous till geochemistry samples on Isle Brochet. The glacially dispersed material in combination with the recently completed gravity survey provides [...]
Traction Uranium Corp. is pleased to announce that the 2024 winter gravity survey at the Hearty Bay project has been completed. A total of 2155 stations were measured, the grid starting at the head of the two radioactive boulder trains and covering both up-ice directions and to the east, which is interpreted to be an older ice direction based on glacial features to the south. The survey has identified a number of gravity [...]
Traction Uranium Corp. is pleased to announce that, in connection with the mineral property option agreement between the Company and Forum Energy Metals Corp. dated February 3, 2023 , as amended, the Company has issued a further 250,000 common shares in its capital to fulfill its obligations to date in accordance with the terms and conditions of the Option Agreement. Pursuant to the Option Agreement, as previously [...]
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