TRACTION URANIUM CORP - TRCTF STOCK NEWS

Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) has announced a new study at Key Lake South (KLS) to explore Rare Earth Elements (REEs) through a Monazite Beneficiation Study, with support from the Saskatchewan Research Council (SRC) and funding from NRC IRAP. The study will analyze ore samples and assess various beneficiation methods. Historical drillhole KEY005 indicated significant REE potential, averaging 0.544% Total Rare Earth Elements. The study aims to capitalize on this opportunity, coinciding with the company’s focus on uranium exploration.

Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF) has mobilized a field crew to Hearty Bay for a 15-day program aimed at preparing for a significant drilling campaign in 2023. The initiative focuses on the historic high-grade uranium boulders located on Isle Brochet. CEO Lester Esteban emphasized the importance of high-quality data to identify promising drill targets. The program will include scintillometer prospecting, geological sampling, and extending ground EM geophysics to enhance the understanding of the area's geology and potential uranium sources.

Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF) announced a private placement agreement with Red Cloud Securities Inc. to raise up to C$3,000,000 through the sale of flow-through units at C$0.40 each and charity flow-through units at C$0.51 each. Each unit includes one common share and one warrant to purchase an additional share at C$0.50 within 24 months. Proceeds will fund exploration of uranium projects in the Athabasca Basin. The offering is set to close around October 27, 2022, subject to regulatory approvals.

Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) has successfully completed Phase 1 of its fall ground program at the Key Lake South (KLS) uranium project in Northern Saskatchewan, discovering two new radioactive anomalies: a black soil anomaly and a swamp anomaly. This program involved detailed boulder prospecting and mapping by researchers from the University of Saskatchewan. MWH Geo-Surveys is set to begin Phase 2, which includes a Ground Gravity Survey over 4.15 square kilometers to define drill targets for the upcoming winter 2023 diamond drill program.

Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) announces significant updates on its exploration programs at Key Lake South and Hearty Bay. Under CEO Lester Esteban's leadership, the company is advancing to Phase 2 of the Key Lake South project, involving a Ground Gravity Program contracted to MWH Geo-Surveys. Additionally, a LiDAR survey has begun at Hearty Bay to enhance geological mapping. Both initiatives are crucial for determining high-priority drill targets for future diamond drilling in 2023.

Traction Uranium Corp. (TRCTF) has launched its Phase 1 Field Geological Program at the Key Lake South Property, seeking to acquire up to a 75% interest. The exploration targets around 4.15 square kilometers aim to identify drill targets for an unconformity-type uranium deposit. The program will include boulder prospecting, mapping, and sampling of surface anomalies. The CEO highlighted that advancing the Key Lake South Project remains a priority, with plans for a Phase 2 Ground Gravity Survey and a Drill Program in 2023.

Traction Uranium Corp. has collected 95 core samples from 14 diamond drill holes at Hearty Bay, focusing on analyzing radiation-induced defects in quartz. The samples were selected based on geological factors including depth, rock types, and radioactivity. Preliminary observations indicate significant hydrothermal activity and alteration in the sampled rocks, particularly in boreholes #8 and #9. Future steps involve creating polished thin sections for advanced analysis, enhancing target drilling accuracy. Results aim to maximize value for TRCTF investors.

Traction Uranium Corp. has announced the addition of esteemed geologist Boen Tan to its Technical Advisory Committee. With nearly 50 years of experience, Tan played a crucial role in the discovery of the Key Lake uranium deposit. His expertise will be vital for advancing the company's Key Lake South Project and other properties in the Athabasca Basin. CEO Lester Esteban expressed excitement about Tan's involvement, emphasizing his deep knowledge of the region.

Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF, FRA: Z1K) announced a property option agreement on August 15, 2022, to acquire up to a 75% interest in the Key Lake South Property in Northern Saskatchewan. This project, near significant uranium operations, is located 6 kilometers from the Key Lake mill. The agreement entails cash and share payments totaling over $3 million and exploration expenditures across two phases. Successful completion could unlock high-grade uranium potential in the area, previously underexplored since the discovery of the Key Lake deposit.