Welcome to our dedicated page for TRACTION URANIUM news (Ticker: TRCTF), a resource for investors and traders seeking the latest updates and insights on TRACTION URANIUM stock.
Traction Uranium Corp. (TRCTF) generates news primarily around its uranium exploration programs in Canada’s Athabasca region. The company’s releases focus on technical milestones at the Hearty Bay Project, the Key Lake South Property, and its option on the Grease River Property in northern Saskatchewan.
News items include updates on winter and summer drill programs, gravity and geophysical surveys, subglacial till sampling campaigns, and research collaborations. At Hearty Bay, Traction Uranium reports on efforts to trace the source of historic high-grade uranium boulder trains on Isle Brochet, including the discovery of new radioactive boulders and uranium dispersal patterns in subglacial till. At Key Lake South, the company has reported diamond drilling results, anomalous uranium, thorium and rare earth element values, and the completion of an NI 43-101 Technical Report by Aurora Geosciences.
Investors following TRCTF news can also expect updates on option agreements and property interests, such as staged earn-in terms for the Grease River Property, as well as corporate developments like changes in leadership. Many releases include commentary from qualified persons and details on analytical methods, reflecting the exploration-stage nature of the business.
This news feed allows readers to track Traction Uranium’s exploration progress, technical interpretations, and project-level decisions over time. For those monitoring uranium exploration in the Athabasca Basin, the company’s announcements provide insight into ongoing work programs, evolving targets, and the geological context of its properties.
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Traction Uranium Corp. has announced the final update on its Hearty Bay research program, focusing on uranium vectoring techniques developed by Dr. Yuanming Pan. The program aimed to identify uranium-bearing fluids in targeted areas, using electron paramagnetic resonance (EPR) analysis to examine quartz degradation from radiation emitted by decaying uranium. Key findings include evidence of ancient uranium-fluid circulation in three boreholes, suggesting the presence of historical high-grade uranium deposits. Elevated radiation-induced defects were detected in numerous boreholes, warranting further exploration. The program, in collaboration with the University of Saskatchewan, is expected to refine exploration strategies in the Athabasca Basin.
Traction Uranium Corp. has appointed Ken Wheatley as Chair of its Technical Committee, bolstering its uranium exploration expertise. With over 40 years in the industry, Wheatley's notable discoveries include eight uranium deposits, four of which are operational mines in Saskatchewan’s Athabasca Basin. His career highlights include leading exploration at Areva Resources Canada and holding VP positions at Forum Energy Metals Corp. The executive team, including Dr. Boen Tan and Dr. Yuanming Pan, brings over 100 years of combined experience to the table, enhancing the company's prospects in the highly regarded Athabasca Region. CEO Lester Esteban expressed enthusiasm about Wheatley’s leadership, emphasizing his extensive knowledge of uranium exploration.
Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF) has successfully concluded its diamond drill program at the KLS Property in Saskatchewan's Athabasca Basin. The program included 12 diamond drill holes totaling 1,838 meters. Core logging and sampling were completed, with 419 samples sent for geochemical analysis. Significant chlorite-epidote alteration zones were identified, especially in drill hole KLS23-007, which recorded two zones of anomalous radioactivity: one in overburden (up to 1,254 cps) and another in basement rocks (up to 474 cps). The presence of overburden-hosted radioactivity in DDH 009 and strong anomalies in DDH 007 provide promising targets for future exploration. The next steps include planning a summer program to further assess mineralization at these sites.
Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF, FRA: Z1K) released updates on its diamond drill program at the KLS Property in northern Saskatchewan's Athabasca Basin. Key highlights include:
- DDH KLS23-002 registered natural gamma radiation of 1016 cps at the drill collar.
- DDH KLS23-007 identified two zones of anomalous radioactivity, with one zone showing values up to 1,254 cps.
- Drilling was completed on March 26, 2023, with logging and sampling expected to be finalized by April 3, 2023.
CEO Lester Esteban expressed excitement over the findings, indicating potential for significant uranium mineralization.
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Traction Uranium Corp. (CSE: TRAC, OTCQB: TRCTF, FRA: Z1K) announced preliminary discussions regarding uranium exploration in the Philippines. Senior officials from the Philippine government participated, highlighting opportunities for collaboration in uranium exploration to enhance energy security and reduce carbon emissions. CEO Lester Esteban emphasized the importance of the meeting in exploring potential collaborative projects and supporting the Philippines' renewed interest in nuclear energy. The company continues to focus on its uranium projects in Canada, particularly in the Athabasca Region.
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