Core Viewpoint - Traction Uranium Corp. plans to consolidate its common shares on a three-to-one basis, reducing the outstanding shares from approximately 10,949,093 to about 3,649,697 [1]. Group 1: Consolidation Details - The proposed consolidation will be followed by a news release detailing the effective date, new CUSIP and ISIN for the consolidated shares, and other relevant information [2]. - No fractional shares will be issued; any resulting fractions will be rounded to the nearest whole share without cash compensation [2]. - The consolidation was approved by shareholders at the Annual General and Special Meeting on February 12, 2026, and subsequently by the Board of Directors [3]. Group 2: Company Overview - Traction Uranium Corp. is engaged in mineral exploration and development, focusing on uranium projects in Canada, including the Athabasca Region and the Aurora Project in northern Saskatchewan [4].

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].

Core Viewpoint - Traction Uranium Corp. has successfully closed a non-brokered private placement of unsecured convertible debentures, raising gross proceeds of C$500,000 [1] Group 1: Offering Details - The convertible debentures are issued in principal amounts of C$1,000 and will mature in 12 months, bearing an interest rate of 10% per annum, payable on the maturity date [2] - Each debenture can be converted into units at the holder's discretion, with the conversion price based on the most recent closing price of the company's common shares [3] - Each unit consists of one common share and one warrant, with the warrant allowing the holder to purchase one common share at an exercise price of 110% of the market price for 24 months [3] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general and administrative expenditures and general working capital purposes [4] Group 3: Company Overview - Traction Uranium Corp. is engaged in mineral exploration and development, focusing on uranium projects in Canada, particularly in the Athabasca Region [6]

Core Viewpoint - Traction Uranium Corp. plans to complete a non-brokered private placement of unsecured convertible debentures totaling C$500,000 to support its operations and general working capital [1][4]. Group 1: Offering Details - The convertible debentures will be issued in principal amounts of C$1,000, maturing 12 months from issuance, with an interest rate of 10% per annum, payable at maturity [2]. - Holders of the convertible debentures can convert them into units of the company at the most recent closing price of the common shares prior to conversion, with each unit consisting of one common share and one warrant [3]. - Each warrant allows the holder to purchase one common share at an exercise price of 110% of the market price for a period of 24 months from issuance [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for general and administrative expenditures and general working capital purposes [4]. Group 3: Regulatory and Closing Information - The offering is expected to close around January 16, 2026, subject to necessary regulatory approvals, including from the Canadian Securities Exchange [4]. - All securities issued will be subject to a statutory hold period of four months and one day [4]. Group 4: Company Overview - Traction Uranium Corp. is engaged in mineral exploration and development, focusing on uranium projects in Canada, particularly in the Athabasca Region [6].

CALGARY, Alberta, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce the appointment of Dr. Jared Suchan as Director and Chief Executive Officer of the Company. Dr. Suchan is a professional geoscientist with more than a decade of experience advancing mineral exploration projects across Canada and the United States, working in diverse geological settings that include uranium, rare earth elements, lithium, diamonds, ...

Core Viewpoint - Traction Uranium Corp. has appointed Paul Sparkes as a new Director, which is seen as a strategic move to enhance the company's growth and corporate profile in the mineral exploration sector, particularly in uranium [1][3]. Company Overview - Traction Uranium Corp. is engaged in mineral exploration and the development of discovery prospects in Canada, with a focus on its uranium project located in the Athabasca Region, known for its rich uranium deposits [4]. Leadership Background - Paul Sparkes brings over twenty-five years of experience across various sectors including media, finance, and politics. His previous roles include Executive Vice President at CTV Globemedia and senior positions in the Government of Canada [2]. - Sparkes has co-founded and held executive roles in several companies, currently serving as President of Otterbury Holdings Inc. and CEO of Integral Metals Corp., AlphaGen Intelligence Corp., and Vortex Energy Corp. [2]. Strategic Importance - The appointment of Sparkes is viewed as timely for Traction Uranium Corp. as it aims to strengthen its corporate profile and leverage his extensive knowledge of public markets to drive growth [3].

Core Viewpoint - Traction Uranium Corp. has appointed Paul Sparkes as a new Director, which is seen as a strategic move to enhance the company's growth and corporate profile in the mineral exploration sector, particularly in uranium [1][3]. Company Overview - Traction Uranium Corp. is engaged in mineral exploration and the development of discovery prospects in Canada, with a focus on its uranium project located in the Athabasca Region, known for its rich uranium deposits [4]. Leadership Background - Paul Sparkes brings over twenty-five years of experience across various sectors, including media, finance, and politics. His previous roles include Executive Vice President at CTV Globemedia and senior positions in the Government of Canada [2]. - Sparkes has co-founded Difference Capital Financial and currently holds leadership positions in multiple companies, including Otterbury Holdings Inc. and Integral Metals Corp [2]. Strategic Importance - The appointment of Sparkes is viewed as timely for Traction Uranium Corp., as his extensive knowledge of public markets and business leadership is expected to contribute positively to the company's strategic direction and growth [3].

Core Viewpoint - Traction Uranium Corp. has entered into debt settlement agreements totaling $283,400 through the issuance of units, which include common shares and warrants, with certain related parties involved in the company [2][3]. Group 1: Debt Settlement Agreements - The company will settle debts amounting to $283,400 by issuing 1,288,181 units at a deemed price of $0.22 per unit, each unit consisting of one common share and one share purchase warrant [2]. - Each warrant can be converted into one share at a price of $0.285 for a period of two years [2]. Group 2: Related Party Transactions - Two of the agreements are classified as "related party transactions" under Multilateral Instrument 61-101, involving a director and a company controlled by an officer [3]. - The company is relying on exemptions from certain requirements of MI 61-101, as the fair market value of the transactions will not exceed 25% of the company's market capitalization [3]. Group 3: Regulatory Approval - The agreements and the issuance of securities are subject to approval from the Canadian Securities Exchange (CSE) [4]. - The securities will be subject to a hold period of four months and one day in accordance with applicable securities laws [4]. Group 4: Company Overview - Traction Uranium Corp. is engaged in mineral exploration and development, focusing on uranium projects in Canada, particularly in the Athabasca Region [5].

Group 1 - Traction Uranium Corp. intends to complete a private placement financing of units at a price of C$0.18 per Unit, with each Unit consisting of one common share and one share purchase warrant [1] - Each warrant will allow the holder to purchase one share at a price of C$0.24 during a specified period, with the offering expected to close around August 8, 2025, contingent on placing a minimum of 2,777,777 Units for gross minimum proceeds of C$500,000 [1][10] - The securities will be offered for sale to purchasers in all provinces of Canada except Quebec, under the listed issuer financing exemption, meaning they will not be subject to resale restrictions [2] Group 2 - The company has entered into a second amending agreement with the optionor for the Hearty Bay Project, extending the due date for certain cash payments and exploration expenditures by one year in exchange for 400,000 additional common shares [4][5] - The additional shares issued to the optionor will be subject to a four-month hold [5] Group 3 - The offering document related to the financing can be accessed on the company's profile and website, containing further details about the offering and the expected use of proceeds [3] - Traction Uranium Corp. is engaged in mineral exploration and development in Canada, including a uranium project in the Athabasca Region [7]

Core Viewpoint - Traction Uranium Corp. has terminated its property option agreement with Forum Energy Metals Corp. to focus on its Hearty Bay Project instead [1][2]. Company Overview - Traction Uranium Corp. is engaged in mineral exploration and development in Canada, particularly in the Athabasca Region, known for its uranium projects [3].