Traction Uranium Announces Management Change

Rhea-AI Summary

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.

Positive

• Appointment of experienced mining executive Lester Esteban as CEO.
• Esteban has a robust industry background with 15 years in mining and chemicals.

Negative

• Replacement of previous CEO Michael Malana may raise concerns about leadership stability.

VANCOUVER British Columbia, March 03, 2022 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (the “Company” or “Traction”) (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K), a mineral exploration issuer focusing on the development of discovery prospects in Canada, including its two flagship uranium projects in the world-renowned Athabasca Region, announces the appointment of Lester Esteban as a Director and CEO of the Company.

Mr. Esteban is an experienced mining executive with 15 years’ experience in the mining, chemical and industrial markets. Mr. Esteban previously held roles with Univar Solutions Inc., a leading chemicals distributor, and Draeger Safety Canada Ltd., one of the world’s leading safety manufacturing companies. Mr. Esteban is currently engaged with chemical distributor, Quadra Chemicals Ltd., and serves as Student Chair of the CMP (Canadian Mineral Processors) Saskatchewan & Manitoba Regional Committee of the CIM (Canadian Institute of Mining Metallurgy and Petroleum).

Mr. Esteban has replaced Michael Malana as CEO and on the board of directors of the Company. The Company thanks Mr. Malana for his contributions to the Company and wishes him the best in his future endeavours.

About Traction Uranium Corp.

Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is in the business of mineral exploration and the development of discovery prospects in Canada, including its two flagship uranium projects in the world-renowned Athabasca Region.

We invite you to find out more about our exploration-stage activities across Canada’s Western region at www.tractionuranium.com.

On Behalf of the Board of Directors
Faizaan Lalani
Director

Contact
Phone: 604 425 2271
Email: info@tractionuranium.com

The Canadian Securities Exchange has not approved nor disapproved the contents of this news release and does not accept responsibility for the adequacy or accuracy of this release.

FAQ

What are the credentials of Lester Esteban, the new CEO of Traction Uranium?

Lester Esteban has 15 years of experience in mining and industrial markets, previously working with Univar Solutions and Draeger Safety Canada.

When was Lester Esteban appointed as the new CEO of Traction Uranium?

Lester Esteban was appointed as CEO on March 3, 2022.

What company is replacing its CEO and what is its stock symbol?

Traction Uranium Corp. is replacing its CEO and its stock symbol is TRCTF.

Who did Lester Esteban replace as CEO of Traction Uranium?

Lester Esteban replaced Michael Malana as CEO of Traction Uranium.

What kind of projects does Traction Uranium focus on?

Traction Uranium focuses on mineral exploration and development, specifically in Canada's Athabasca Region.