TRACTION URANIUM CORP Stock Price, News & Analysis

Traction Uranium Corp. has commenced mobilization for its Lazy Edward Bay summer drilling program, consisting of 8 diamond drill holes totaling 2,000m near the southern edge of the Athabasca Basin. Historic drilling in the area showed elevated levels of uranium, with significant readings of up to 550 ppm boron and 170 ppm uranium. This program represents a $1.5M investment aimed at exploring promising geology typical of major uranium deposits in the region, facilitating potential acquisition of a 70% stake in the property from Fission 3.0 Corp..

Traction Uranium Corp. has announced a summer drilling program at its Lazy Edward Bay property, commencing May 13, with an allocated budget of $1.5M. The program will involve 8 diamond drill holes totaling 2,000m to explore uranium at relatively shallow depths near the southern edge of the Athabasca Basin. The work will be conducted by Fission 3.0 Corp. under an Option Agreement that allows Traction to acquire up to 70% interest in the property. Strategic logistical planning has been executed to optimize costs for the drilling operation.

Traction Uranium Corp. announced plans for its maiden drill program at Lazy Edward Bay, engaging Bryson drilling from Saskatchewan. The drill crew will include local First Nations members, emphasizing community involvement. Historical drilling results show 170 ppm and 908 ppm uranium in previous holes, indicating high-priority targets. The Lazy Edward Bay project is part of a larger exploration effort in the Athabasca Region, renowned for significant uranium deposits. The company aims to leverage Bryson’s extensive experience for effective exploration.

Traction Uranium Corp. announces promising results from its diamond drilling program at Hearty Bay in Saskatchewan's Athabasca Region.

Key highlights include:

• 14 drill holes completed totaling 1,304 meters.
• Significant intersected zones: 3m and 11.5m of hydrothermal clay-altered rock.
• New basement conductors identified, suggesting potential for further uranium mineralization.

CEO Lester Esteban noted these results provide further drilling targets, emphasizing the importance of hydrothermal clay alteration in identifying uranium sources.

Traction Uranium Corp. has initiated its 2022 winter drill program at the Hearty Bay Property in the Athabasca Basin, comprising over 1,400 meters of drilling across 12 holes. The drilling targets are informed by a 255 km marine seismic survey conducted in 2019, aimed at identifying key structural features. Additionally, a ground geophysics program will complement the drilling efforts. The project is managed by Fission 3.0, with drilling conducted by Bryson Drilling.

Traction Uranium Corp. announces the commencement of its winter drilling program at the Hearty Bay Property in the Athabasca Basin. The program aims to explore the source of high-grade uranium boulder trains on Isle Brochet, supported by a CAD $1,000,000 budget. Over 1,400 meters of drilling will take place alongside a ground electromagnetic survey to identify potential drill targets. The program is backed by Fission 3.0's geological team, known for their previous discoveries in the area, including radioactive boulders with assay values up to 8.23% U3O8.

Traction Uranium Corp. has announced that its common shares are now trading on the OTCQB® Venture Market under the symbol TRCTF. This milestone expands access for investors, particularly in the U.S., as the company prepares to embark on its 2022 work program in the renowned Athabasca Region. CEO Lester Esteban emphasized the significance of this development, which could attract a wider range of institutional and retail investors to Traction's uranium projects.

Traction Uranium Corp. has appointed Lester Esteban as its new Director and CEO, replacing Michael Malana, who is thanked for his contributions. Esteban brings 15 years of experience in the mining, chemical, and industrial markets, having previously worked with Univar Solutions and Draeger Safety Canada. Traction Uranium focuses on mineral exploration and development, particularly in Canada’s Athabasca Region, known for its rich uranium prospects. The company invites stakeholders to learn more about its activities on its website.

Traction Uranium Corp. has announced a 1,400 meter drilling program at its Hearty Bay project in the Athabasca Basin, aimed at discovering high-grade uranium boulders. The program includes a ground geophysics study and will target 12 exploration sites. Traction acquired a 50% interest in the project, with plans for further investment to increase ownership. The drilling is set to commence around March 8, 2022, with results expected to enhance understanding of the region's geology and potential uranium sources.