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TRACTION URANIUM CORP - TRCTF STOCK NEWS

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 (TRCTF) provides critical updates on uranium exploration activities through this dedicated news hub. Investors and industry observers will find authoritative reporting on drilling programs, regulatory developments, and strategic initiatives essential to understanding the company's position in the nuclear energy supply chain.

This resource consolidates all official announcements and third-party analyses, offering transparent access to operational milestones and technical advancements. Key updates include geospatial survey results, environmental compliance progress, and partnership announcements related to resource identification in challenging climates.

Content spans quarterly exploration reports, equipment deployment updates, and expert analyses of uranium market dynamics. Regular visitors gain insights into how TRCTF navigates logistical challenges through advanced drilling technologies and data-driven site evaluations.

Bookmark this page for real-time updates on resource estimation reports and regulatory filings that shape the company's exploration trajectory. Check back frequently to stay informed about developments impacting uranium discovery efforts in North America's most prospective regions.

Rhea-AI Summary

Traction Uranium and Forum Energy Metals have launched an airborne MobileMT survey on the Grease River Project in the Athabasca Basin, Saskatchewan. The survey, conducted by Expert Geophysics, will cover 1,781 line-km at 100-meter spacing, gathering high-resolution magnetic and VLF data.

Expected to deliver data within eight weeks, this survey aims to resolve deeper conductors and fault zones for future drilling, overcoming limitations from previous surveys in 2023.

The project spans 10,528 hectares along the Grease River Shear Zone, a potential conduit for uranium deposits. The MobileMT system uses advanced electromagnetic methods to map subsurface resistivity and enhance exploration efforts.

Paul Gorman, CEO of Traction, emphasized the survey's significance in advancing exploration capabilities and potential discoveries.

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Traction Uranium Corp. announces the completion of a single sonic drill hole at the Hearty Bay Property and the early suspension of the drill program due to deteriorating ice conditions on Lake Athabasca. The discovery of a thick till under the lake supports the theory of tracing uraniferous till back to the source of historic high-grade boulder trains on Isle Brochet. Traction and F3 Uranium Corp. are engaging in ground gravity data analysis for future drill planning.
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Traction Uranium Corp. announces the commencement of a 2,000-meter winter drill program at the Hearty Bay project to find the source of radioactive boulders, with recent gravity survey data revealing new drilling targets. The program aims to trace anomalous overburden under the lake to potential source areas. Boart Longyear sonic rig will be used for drilling, with technical guidance from Rock U Consulting and Palmer Geotechnical Consultants Inc. The program is expected to be completed by the end of March, weather permitting.
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Traction Uranium Corp. announces the completion of the 2024 winter gravity survey at the Hearty Bay project, identifying potential alteration zones near mineralized boulder trains. The survey has revealed gravity lows and anomalous areas, setting the stage for an upcoming sonic drill program to discover the source of the radioactive boulder trains. The drill program is expected to start in late February or early March, covering approximately 2,000 meters. The technical content has been reviewed and approved by a Qualified Person, providing an indication of the exploration potential of the Company’s properties.
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Traction Uranium Corp. issued 250,000 common shares to fulfill obligations under a mineral property option agreement with Forum Energy Metals Corp. The agreement allows Traction to acquire up to a 100% interest in the Grease River Property in Canada in exchange for cash payments, share issuances, and funding of exploration expenditures. The company has completed Phase One and has the right to acquire additional interests in the property in Phase Two and Three. The company will also be required to grant a 2% net smelter returns royalty and make additional payments upon completion of economic assessments and feasibility studies, as well as the commencement of commercial production.
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Traction Uranium Corp. (CSE: TRAC) (OTCQB: TRCTF) (FRA: Z1K) announces mobilization of a gravity crew to the Hearty Bay Project in Saskatchewan’s Northern Athabasca Basin to conduct a gravity survey to maximize targets for the winter's diamond drilling program. The Company also terminated its option to earn up to a 75% interest in the Key Lake South Project.
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Traction Uranium Corp. and Forum Energy Metals Corp. have completed an initial review of an airborne survey on Forum's Grease River Project. The survey outlined conductive trends and fault intersections in the East claim block and provided better resolution on the basement geology in the West block. Ground prospecting and additional geophysical surveys will be conducted in 2024. Traction has an option to acquire a 51% interest in the Property and can earn up to 100% interest by making cash and share payments, as well as exploration expenditures. The Grease River Project is located near the Fond du Lac uranium deposit.
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Traction Uranium Corp. announces completion of a Technical Report by Aurora Geosciences Ltd. for the Key Lake South Property. The report highlights anomalous thorium intercepts associated with rare earth elements and recommends a surface soil geochemical program for further exploration.
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Traction Uranium Corp. announces the discovery of uranium mineralization near Isle Brochet, providing new drill targets for winter 2024. Two linear dispersal patterns of uranium in subglacial till and six new radioactive boulders were found. The presence of mineralized basal conglomerate boulders suggests the source is at the edge of the Athabasca Basin. Efforts will be focused on developing drill targets for winter 2024.
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TRACTION URANIUM CORP

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