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Traction Uranium Corp. reports on uranium mineral exploration and discovery-stage project development in Canada, with recurring updates tied to Saskatchewan’s Athabasca Basin region. Company news centers on the Aurora Uranium Project, where Traction holds an option to earn an interest from Cosa Resources, as well as exploration activity at Hearty Bay and option-related activity at Grease River.
Recurring developments include airborne radiometric surveys, gravity surveys, sonic and diamond drilling, till sampling, uranium target generation, technical reporting under Canadian mineral disclosure standards, property option obligations, share issuances connected to exploration agreements, and governance changes at the issuer level.
Traction Uranium (OTC: TRCTF) announced a spring airborne radiometric survey at the Aurora Project in the southeastern Athabasca Basin to evaluate radioactive anomalies across ~17 km of prospective strike. The company holds an option to acquire an 80% interest from Cosa Resources, subject to earn-in requirements. Survey results will guide 2026 follow-up work, including ground truthing and permitting activities, and are expected in spring to early summer, subject to contractor scheduling and weather.
Traction Uranium (OTC: TRCTF) signed an option agreement to earn up to an 80% interest in the Aurora uranium project in the southeastern Athabasca Basin, effective Feb 10, 2026. Aurora covers ~18,773 hectares and lies ~16 km east of the Key Lake mill.
Traction must fund staged exploration and make cash and share payments across five phases, totaling $9,150,000 in exploration expenditures, $1,500,000 in cash, and 5,000,000 shares to reach 80% by Dec 31, 2030.
Traction Uranium (OTC: TRCTF) announced the appointment of Dr. Jared Suchan as Director and Chief Executive Officer effective December 4, 2025. Dr. Suchan is a professional geoscientist with more than a decade of exploration experience across Canada and the U.S., working on uranium, rare earths, lithium, diamonds, base metals and gold. He holds a Ph.D. in Environmental Systems Engineering (2023) and degrees in Geology and Geography (2015).
The company said Dr. Suchan currently holds multiple industry roles and succeeds Paul Gorman, who resigned as Director and CEO.
Traction Uranium and Forum Energy Metals have launched an airborne MobileMT survey on the Grease River Project in the Athabasca Basin, Saskatchewan. The survey, conducted by Expert Geophysics, will cover 1,781 line-km at 100-meter spacing, gathering high-resolution magnetic and VLF data.
Expected to deliver data within eight weeks, this survey aims to resolve deeper conductors and fault zones for future drilling, overcoming limitations from previous surveys in 2023.
The project spans 10,528 hectares along the Grease River Shear Zone, a potential conduit for uranium deposits. The MobileMT system uses advanced electromagnetic methods to map subsurface resistivity and enhance exploration efforts.
Paul Gorman, CEO of Traction, emphasized the survey's significance in advancing exploration capabilities and potential discoveries.
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