Traction Uranium Signs Option Agreement to Earn up to 80% in the Aurora Uranium Project, Southeastern Athabasca Basin

Core Viewpoint - Traction Uranium Corp. has entered into an option agreement with Cosa Resources Corp. to earn up to an 80% interest in the Aurora uranium project located in northern Saskatchewan, effective February 10, 2026 [1]. Group 1: Project Overview - The Aurora project covers approximately 18,773 hectares and spans about 17 kilometers along the southeastern margin of the Athabasca Basin, situated 16 kilometers east of the Key Lake uranium mill [2]. - Historical drilling at Aurora has not occurred since 1979, but past logs indicate multiple zones of hydrothermal alteration [2]. - In 2024, Cosa conducted airborne gravity-gradient and VTEM surveys to identify initial target areas for further exploration [2]. Group 2: Agreement Terms - Traction can earn an 80% interest in the Aurora project by funding exploration work and making cash and share payments over five phases [3]. - The total exploration expenditures required amount to $9.15 million, with cash payments totaling $1.5 million and share payments of 5 million Traction shares [4]. - Cosa will act as the operator during the earn-in period and can charge an operator fee, with Traction having the option to assume operatorship after completing Phase 4 [3]. Group 3: Company Background - Traction Uranium Corp. is focused on mineral exploration and development in Canada, particularly in the Athabasca Region, known for its uranium deposits [6]. - Cosa Resources Corp. operates in northern Saskatchewan and holds approximately 237,000 hectares across various uranium projects, primarily in underexplored areas of the Athabasca Basin [7]. - Cosa's management team has a successful track record in uranium exploration, including the discovery of the Hurricane uranium deposit [10].