TRACTION URANIUM CORP Stock Price, News & Analysis

Traction Uranium Corp. has announced a 2,000 metre diamond drill program at the Key Lake South Property to explore high-grade uranium mineralization discovered in 2022. The program will begin in the first week of March 2023 and aims to target areas with extreme surface uranium anomalies, including the previously identified 'black soil' and 'radioactive swamp' anomalies. Notably, sampling from the black soil yielded 0.93 wt.% U3O8 and 1180 ppm cobalt. The company is collaborating with experienced contractors for the drill operations and encourages stakeholders to follow their progress through news alerts and social media.

Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF) has received necessary permits from the Saskatchewan Ministry of Environment for its upcoming winter 2023 diamond drill program at the Key Lake South Property. This program will involve 2,000 metres of drilling to investigate high-grade uranium anomalies discovered in late 2022. Notable findings include 0.93 wt.% U3O8 and 1180 ppm Cobalt from a ‘black soil’ sample and potential additional uranium sources from a ‘radioactive swamp’. The permits are valid until July 31, 2024, and the drilling aims to further explore these anomalies as part of the company’s strategic exploration efforts in the Athabasca Basin.

Traction Uranium Corp. has signed an option agreement with Forum Energy Metals Corp. to acquire up to a 100% interest in the Grease River Property in the Athabasca Basin, Saskatchewan. The agreement is structured in three phases, with the first phase requiring Traction to pay $250,000, issue 1,625,000 shares, and fund $3,000,000 in exploration costs by December 31, 2025, for a 51% stake. The property is strategically located near the Fond du Lac uranium deposit, which has a historical resource estimate of 1 million pounds of uranium. Limited exploration has been conducted, indicating significant potential for further discoveries.

Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF) has announced updates on its Hearty Bay research program focused on uranium exploration. The program examines 85 core samples from 14 drill holes to identify uranium-bearing fluids through radiation-induced defects in quartz. Currently, 60 out of the 85 samples are prepared for further analysis. The collaboration with the University of Saskatchewan utilizes techniques such as cathodoluminescence (CL) imaging and electron paramagnetic resonance (EPR) spectroscopy to enhance exploration efforts in the Athabasca Basin. The findings will inform future exploration targets for the company.

Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) has addressed promotional activity concerning its common shares following a request from OTC Markets Group. The promotional efforts began around January 16, 2023, involving third-party marketing firms like Future Money Trends, LLC, among others. The Company clarified that it does not view the promotional materials as misleading and asserts these efforts have heightened investor awareness without causing unusual trading patterns. Traction has utilized several service providers for marketing in the past year, and reiterated its commitment to compliance with promotion policies.

Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) has shifted its focus from the Monazite Beneficiation Study to a high-grade uranium anomaly discovered in the Fall 2022 field program at the Key Lake South Project. The company will conduct a Study with the Saskatchewan Research Council (SRC) to identify the optimal beneficiation route for U308 in the 'black soil' anomaly, which reported 0.93 wt.% U308, accompanied by cobalt, nickel, and boron. A Phase 1 Diamond Drilling program targeting uranium anomalies is planned, with 2,000 meters of drilling to collect samples for this Study, further unlocking uranium potential at KLS.

Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) has announced a Winter 2023 drill program at its Key Lake South Project in Saskatchewan, following promising findings of high-grade uranium mineralization, including 0.93 wt.% U3O8 and 1180 ppm Cobalt. The Saskatchewan Ministry of Highways has granted access to a temporary drilling camp from February 1, 2023 to July 31, 2024. The drill program will focus on areas around the “black soil” and “radioactive swamp” anomalies, with 2,000 metres of diamond drilling planned. The project is strategically located near existing uranium mining facilities, enhancing its exploration potential.

Traction Uranium Corp (CSE: TRAC, OTC: TRCTF, FRA: Z1K) announced significant assay results from the Key Lake South (KLS) property, revealing high-grade uranium mineralization within the 'Black Soil' anomaly. The findings include 0.93 wt.% U308, 1180 ppm cobalt, and 625 ppm nickel. This exploration, led by company geologists, suggests a new potential for 'overburden-hosted' uranium deposits. Past findings at Key Lake show historical successes, enhancing the project's credibility. The proximity to existing uranium mills offers logistical advantages for future exploration efforts.