23:06:36 EDT Mon 27 Apr 2026
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or Name
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CA



Traction Uranium Corp (3)
Symbol TRAC
Shares Issued 6,071,114
Close 2026-04-27 C$ 1.07
Market Cap C$ 6,496,092
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Traction plans survey at Aurora, optioned from Cosa

2026-04-27 17:36 ET - News Release

Also News Release (C-COSA) Cosa Resources Corp

Mr. Jared Suchan of Traction reports

TRACTION URANIUM ANNOUNCES SPRING EXPLORATION PLANS FOR THE AURORA PROJECT IN THE SOUTHEASTERN ATHABASCA BASIN

Traction Uranium Corp. is planning a spring exploration program at the Aurora project in Saskatchewan's Athabasca basin region, where the company intends to complete an airborne radiometric survey across the project land package. The company holds an option to acquire an 80-per-cent interest in Aurora from Cosa Resources Corp., the project's underlying owner and operator, subject to the satisfaction of certain earn-in requirements. Aurora spans approximately 17 kilometres of prospective strike along the southeastern margin of the Athabasca basin, and is located about 16 kilometres east of the Key Lake uranium mill and past-producing mine in an area where historical exploration indicates shallow to locally absent sandstone cover. The company believes these characteristics support the potential for near-surface uranium discoveries and provide Aurora with strategic significance as an exploration project in proximity to existing regional infrastructure.

The survey will be designed to evaluate the project for radioactive anomalies at a property-wide scale and to support the prioritization of existing targets while also generating additional areas for follow-up. Results from the airborne program are expected to help refine the company's exploration focus for the rest of the 2026 field season, including ground truthing and other potential follow-up work. This program builds on prior exploration completed on Aurora, including airborne versatile time domain electromagnetic surveying, Falcon gravity gradiometer surveying, remote sensing and a subsequent soil gas program. Collectively, these data sets have contributed to target development across the project area and are being used to guide the next phase of systematic exploration aimed at identifying shallow uranium targets with attributes that may be supportive of future open-pit evaluation.

Jared Suchan, chief executive officer of Traction Uranium, commented: "Aurora has already benefited from several layers of modern exploration, and this program is designed to further refine our focus across the project. The airborne radiometric survey is an efficient next step to help prioritize targets for follow-up and assess Aurora's potential for near-surface uranium mineralization."

The company expects the airborne radiometric survey to be completed during the spring to early summer window, subject to contractor scheduling, weather and operating conditions. Follow-up fieldwork is anticipated to be planned once results from the survey have been received and interpreted. In parallel with exploration planning, the company continues to advance the project through continuing engagement and permitting processes in support of its work programs.

Qualified person

Jared Suchan, PhD, PGeo, chief executive officer and director of the company, a qualified person within the meaning of National Instrument 43-101 (Standards of Disclosure for Mineral Projects), has reviewed and approved the scientific and technical contents of this news release.

For a discussion of the company's quality assurance/quality control and data verification processes and procedures, please see its most recently filed technical report, a copy of which may be obtained under the company's profile at SEDAR+.

About Traction Uranium Corp.

Traction is in the business of mineral exploration and the development of discovery prospects in Canada, including its uranium project in the world-renowned Athabasca region.

About Cosa Resources Corp.

Cosa Resources is a Canadian uranium exploration company operating in Northern Saskatchewan. Its portfolio comprises roughly 237,000 hectares across multiple 100-per-cent-owned and Cosa-operated joint venture projects in the Athabasca basin region, all of which are underexplored, and the majority reside within or adjacent to established uranium corridors.

Cosa's award-winning management team has a long record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence award for their previous involvement in discovering IsoEnergy's Hurricane deposit. In addition to Hurricane, Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.

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