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. 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.
Summary not available.
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.
Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) has initiated its Phase 1 Diamond Drill Program at the Key Lake South Project in Saskatchewan, targeting a newly discovered radioactive swamp. The first hole, KLS23-001, has been drilled, and the crew is preparing to drill KLS23-002 directly above the radioactive anomaly. The program will focus on 10 high-priority targets, totaling around 2,000 meters, based on previous gravity surveys and uranium surface anomalies. The exploration team found high-grade uranium in soil samples, indicating promising mineralization potential.
Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF) has commenced its 2023 diamond drilling program at the Key Lake South (KLS) Project, situated near Cameco's Key Lake uranium mill in Saskatchewan's Athabasca Basin. The program aims to further investigate high-grade uranium mineralization previously detected in 'radioactive black soil' (0.93 wt. % U3O8) and a 'radioactive swamp' discovered in late 2022.
The Phase 1 drilling targets ten high-priority areas totaling approximately 2,000 meters, focusing on extreme surface uranium anomalies. The company has mobilized its geological team, with drilling expected to begin this week.
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.
Summary not available.
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.