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.
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.