TRACTION URANIUM CORP - TRCTF STOCK NEWS

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TRACtion Uranium Corp (TRCTF) is a mineral exploration company focused on the discovery and development of high-grade uranium deposits. The company's core business revolves around exploring properties with significant uranium potential and conducting drilling programs to identify mineralization. TRACtion Uranium Corp is led by a team of experienced professionals in the mining industry, ensuring efficient operations and strategic decision-making. With a strong financial position and partnerships with key players in the industry, the company is well-positioned for growth and success.

06/12/2024 08:30 AM

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Traction Uranium and Forum Energy Metals Commence Airborne MobileMT Survey on the Grease River Project, Athabasca Basin

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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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03/21/2024 03:01 AM

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Hearty Bay Drilling Suggests Till Sampling May Lead to Source of Radioactive Boulders

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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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03/07/2024 03:01 AM

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Traction and F3 Mobilize Drill to Hearty Bay to Test New Targets at Head of Uranium Boulder Field

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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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01/30/2024 03:01 AM

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Traction and F3 Complete Gravity Survey at Hearty Bay, Identify Promising Targets for Upcoming Drill Program

Rhea-AI Summary

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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01/16/2024 08:00 AM

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Traction Uranium Issues Shares in Connection with Grease River Property Option Agreement

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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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01/08/2024 08:00 AM

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Traction Uranium Announces Mobilization of Gravity Crew to Hearty Bay Project

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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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11/02/2023 03:01 AM

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Traction Uranium and Forum Energy Metals Identify New Conductive Trends from Airborne Geophysical Survey on the Grease River Project, Athabasca Basin

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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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08/10/2023 03:01 AM

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Traction Uranium Announces Completion of Technical Report on Key Lake South Project

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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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07/18/2023 03:01 AM

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Traction and F3 Discover New Uranium Dispersal Patterns and Radioactive Boulders at Hearty Bay

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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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06/28/2023 08:30 AM

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Traction Uranium and Forum Energy Metals Complete Airborne Geophysical Survey on the Grease River Project, Athabasca Basin

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FAQ

What is the current stock price of TRACTION URANIUM (TRCTF)?

The current stock price of TRACTION URANIUM (TRCTF) is $0.029 as of September 25, 2024.

What is the market cap of TRACTION URANIUM (TRCTF)?

The market cap of TRACTION URANIUM (TRCTF) is approximately 3.0M.

What is TRACtion Uranium Corp's primary focus?

TRACtion Uranium Corp is primarily focused on the discovery and development of high-grade uranium deposits through mineral exploration.

Who leads TRACtion Uranium Corp?

TRACtion Uranium Corp is led by a team of experienced professionals in the mining industry, ensuring efficient operations and strategic decision-making.

What sets TRACtion Uranium Corp apart?

TRACtion Uranium Corp distinguishes itself through its focus on properties with significant uranium potential and conducting drilling programs to identify mineralization.

How is TRACtion Uranium Corp positioned for success?

With a strong financial position and partnerships with key players in the industry, TRACtion Uranium Corp is well-positioned for growth and success.

What defines TRACtion Uranium Corp's core business?

TRACtion Uranium Corp's core business revolves around exploring properties with high-grade uranium potential and conducting drilling programs to identify mineralization.