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 [...]
Traction Uranium Corp. a uranium exploration company with projects in Saskatchewan's Northern Athabasca Basin, is pleased to announce mobilization of a gravity crew to the company's Hearty Bay Project. Traction will be conducting a gravity survey on Hearty Bay prior to diamond drilling to maximize targets for this winter's program. The Hearty Bay Project is an ice-road program and suitable ice thickness must be achieved [...]
Traction Uranium Corp. is pleased to announce that, further to its news release of October 27, 2023 and November 14, 2023 which announced: i.) a private placement offering of up to 10,000,000 non-flow through units and up to 5,714,285 flow-through units, as well as, ii.) the closing of the first tranche of the Offering, respectively, it has closed the second tranche of the Offering by issuing 2,000,000 FT units at a price [...]
Traction Uranium Corp. is pleased to announce that, further to its news release of October 27, 2023 which announced: i.) a non-brokered private placement of up to 10,000,000 units of the Company pursuant to the listed issuer financing exemption for gross proceeds of up to $1,500,000 ; and, ii.) a non-brokered private placement of up to 5,714,285 flow-through units of the Company for gross proceeds of up to $1,000,000 , it [...]
Traction Uranium Corp. and Forum Energy Metals Corp. are pleased to announce they have completed an initial review of an airborne magnetic, electromagnetic and radiometric survey on Forum's 100%-owned Grease River Project, located along the north rim of the Athabasca Basin, Saskatchewan. The survey was conducted over the entire Grease River claims totaling 10,528 hectares along the Grease River Shear Zone . Highlights [...]
Traction Uranium Corp. announces amendments to the terms of its non-brokered private placement financing pursuant to the listed issuer financing exemption under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions previously announced on September 27, 2023 ; and further announces an additional non-brokered private placement of up to 5,714,285 flow-through units of the Company for gross proceeds of up to [...]
Traction Uranium Corp. announces that it intends to complete a non-brokered private placement financing of up to 6,818,181 units of the Company at a price of $0.22 per Unit for aggregate gross proceeds of up to $1,500,000. Each Unit shall consist of one common share in the capital of the Company and one Share purchase warrant , whereby each Warrant shall entitle the holder thereof to purchase an additional Share at an [...]
Traction Uranium Corp. is pleased to announce, further to its press release dated May 17, 2023, that Aurora Geosciences Ltd. has completed a Technical Report in respect of the Key Lake South Property pursuant to National Instrument 43-101, Standards of Disclosure for Mineral Projects . Drilling The 2023 program was comprised solely of an 1,838 m diamond drilling program in 12 holes, covering numerous widely spaced targets [...]
Traction Uranium Corp. is pleased to announce, further to its news release on June 9, 2023, that it has extended its engagement of MIC Market Information & Content Publishing GmbH for marketing services for an additional 60 days, commencing July 25, 2023. As previously disclosed, MIC has and shall continue to, as appropriate, provide project management and consulting for an online marketing campaign, coordinating [...]
Traction Uranium Corp. is pleased to announce that the Hearty Bay fall 2022 and winter 2023 till sampling and prospecting programs resulted in the discovery of two linear dispersal patterns of uranium in subglacial till on Isle Brochet, and six new radioactive boulders which assayed up to 4.23% U3O8 . The program aimed to determine the source area for previously identified Isle Brochet uraniferous boulders that are [...]
Traction Uranium Corp. and Forum Energy Metals Corp. are pleased to announce they have completed an airborne magnetic, electromagnetic and radiometric survey on Forum's 100%-owned Grease River Project, located along the north rim of the Athabasca Basin, Saskatchewan. A total of 1,353 line-km were surveyed at a 100 metre line spacing using a New Resolution Geophysics specially designed Xcite™ Time Domain [...]
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