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) generates news primarily around its uranium exploration programs in Canada’s Athabasca region. The company’s releases focus on technical milestones at the Hearty Bay Project, the Key Lake South Property, and its option on the Grease River Property in northern Saskatchewan.
News items include updates on winter and summer drill programs, gravity and geophysical surveys, subglacial till sampling campaigns, and research collaborations. At Hearty Bay, Traction Uranium reports on efforts to trace the source of historic high-grade uranium boulder trains on Isle Brochet, including the discovery of new radioactive boulders and uranium dispersal patterns in subglacial till. At Key Lake South, the company has reported diamond drilling results, anomalous uranium, thorium and rare earth element values, and the completion of an NI 43-101 Technical Report by Aurora Geosciences.
Investors following TRCTF news can also expect updates on option agreements and property interests, such as staged earn-in terms for the Grease River Property, as well as corporate developments like changes in leadership. Many releases include commentary from qualified persons and details on analytical methods, reflecting the exploration-stage nature of the business.
This news feed allows readers to track Traction Uranium’s exploration progress, technical interpretations, and project-level decisions over time. For those monitoring uranium exploration in the Athabasca Basin, the company’s announcements provide insight into ongoing work programs, evolving targets, and the geological context of its properties.
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.
Traction Uranium Corp. announced the addition of Ayetullah Tunc and Reza Deevsalar to its research team, under the guidance of Dr. Yuanming Pan. Tunc, an M.Sc. student, specializes in uranium deposits, while Deevsalar holds a Ph.D. in petrology and geochemistry. Their integration aims to enhance summer follow-up programs at Hearty Bay and Lazy Edwards, utilizing innovative uranium vectoring techniques to improve drilling accuracy. CEO Lester Esteban expressed enthusiasm about optimizing exploration efforts to maximize investor returns.
Traction Uranium Corp. has signed a Master Service Agreement with the Saskatchewan Research Council (SRC) to explore in-situ recovery (ISR) uranium extraction projects. SRC, a leading mining research organization, brings 75 years of expertise and innovative technology, including the Core Flooding Machine for optimized recovery processes. The ISR method is designed to minimize environmental impacts and reduce capital costs compared to traditional mining. This partnership aligns with Traction's goals for exploration and expansion in the Athabasca Region, enhancing its position in the uranium market.
Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF) has signed a master service agreement with the University of Saskatchewan to enhance exploration efforts at its Hearty Bay and Lazy Edward Bay projects in Saskatchewan. CEO Lester Esteban emphasized the province's strengths in mining and the innovative techniques developed by the University to identify uranium-bearing fluids. The collaboration will utilize radiation-induced defects in quartz to guide future drilling programs, aiming for a more cost-effective and accurate exploration strategy.
Traction Uranium has completed 10 diamond drill holes, totaling 3,005 meters, at the Lazy Edward Bay property in the Athabasca Region. Drilling revealed elevated levels of radiation, suggesting potential uranium mineralization. Key findings include anomalous radioactivity exceeding 300 cps and the intersection of significant geological structures. A total of 838 samples have been submitted for geochemical analysis. The company plans further drilling based on these promising results, emphasizing the favorable geological indicators for high-grade uranium deposits.
Traction Uranium Corp. has announced its membership in the Saskatchewan Mining Association (SMA), enhancing its integration within Saskatchewan's mining sector. The SMA represents over 25 mining operations, advocating for industry interests and promoting educational outreach. CEO Lester Esteban highlighted the benefits of collaboration with peers to address regulatory changes and develop Saskatchewan as a global hub for critical minerals. Traction Uranium focuses on uranium exploration in Canada, particularly in the Athabasca Region.
Traction Uranium Corp has reported promising drilling results from its Lazy Edward Bay project in the Athabasca Basin, indicating potential uranium mineralization. The company has encountered elevated radiation levels, with drill hole LEB22-007 reaching up to 1177 counts per second. CEO Lester Esteban expressed optimism, stating the drill program is exceeding expectations, aiming to exceed 3000m of drilling instead of the initial 2000m target. The results are significant for identifying high-grade uranium deposits, with ongoing drilling expected to define more targets.
Traction Uranium Corp. has appointed Dr. Yuanming Pan from the University of Saskatchewan to its Technical Advisory Committee, effective June 1, 2022. Dr. Pan, an expert in mineralogy and geochemistry with over 30 years in academia, will enhance the company's uranium exploration efforts using his innovative techniques involving radiation-induced defects in quartz. CEO Lester Esteban expressed excitement about Dr. Pan's involvement, emphasizing his contributions to significant uranium projects like the Maw Zone and the Phoenix Deposit. This strategic move aims to bolster Traction's development prospects in Canada’s Athabasca Region.
Traction Uranium has updated the market on its ongoing drilling at the Lazy Edward Bay project in the SE Athabasca Basin. The latest drill hole, LEB22-004, discovered anomalous radioactivity at 164.6 meters with maximum readings of 430 cps. This echoes findings from a historic drill conducted by Uranerz in 1989. A follow-up drill, LEB-005, aims to explore further the potential around the reverse fault intersection. The Lazy Edward Bay property is strategically located between key uranium sites, bolstering its exploration potential.
Traction Uranium Corp. has announced key management changes, effective June 1st, 2022. Mr. Blair Way is appointed Chairman of the Board of Directors, bringing over 35 years of experience in international and mineral resource industries. He replaces Reena Sall, who has been thanked for her contributions. Tasheel Jeerh has been named Chief Financial Officer, contributing over 10 years of expertise, particularly in energy and mining sectors. Jeerh previously played a vital role in a private upstream oil and gas firm's growth, overseeing over $2 billion in M&A activity.
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