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Traction Exploration ( (TSE:TRAC) ) has shared an update.
Traction Uranium Corp. has signed an option agreement with GEOMAP Exploration Inc. to earn a 100% interest in the Jackson Lake Uranium Property, a 2,960-hectare land package in northeastern Saskatchewan’s Wollaston Domain along the eastern margin of the Athabasca Basin. The property lies in a globally significant uranium district, characterized by graphitic conductors, basement faults, and unconformity settings that are associated with high-grade uranium deposits.
Under the agreement, Traction can secure full ownership by completing $400,000 in exploration expenditures, $100,000 in cash payments, and issuing 1,350,000 common shares over two years, while acting as operator with exclusive exploration rights during the option term. The deal, subject to Canadian Securities Exchange approval and expected to close around April 8, 2026, strengthens Traction’s strategic footprint in a premier uranium jurisdiction and could enhance its growth prospects within the nuclear fuel supply chain if exploration results prove successful.
More about Traction Exploration
Traction Uranium Corp. is a Canadian mineral exploration company focused on the discovery and development of uranium prospects, particularly in the Athabasca Region of Western Canada. The company operates at the exploration stage, targeting high-potential uranium-bearing properties to build a portfolio aligned with the nuclear fuel and clean energy supply chain.
Average Trading Volume: 10,488
Technical Sentiment Signal: Sell
Current Market Cap: C$1.79M
See more data about TRAC stock on TipRanks’ Stock Analysis page.