Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Traction Exploration ( (TSE:TRAC) ) has provided an update.
Traction Uranium Corp. plans to raise C$500,000 through a non-brokered private placement of unsecured convertible debentures, each bearing 10% annual interest over a 12‑month term and convertible into units consisting of one common share and a warrant, with conversion and exercise prices tied to the company’s market price on the Canadian Securities Exchange. The financing, which remains subject to regulatory approvals and a four‑month hold period, is intended to fund general and administrative costs and working capital, providing short‑term balance sheet support as the exploration-stage company advances its Canadian uranium and mineral projects.
More about Traction Exploration
Traction Uranium Corp. is a Canadian mineral exploration company focused on the development of discovery-stage projects, including a uranium asset in Saskatchewan’s Athabasca region, one of the world’s premier uranium districts. The company targets early-stage exploration opportunities across Western Canada, aiming to build a portfolio leveraged to the nuclear fuel and broader energy transition markets.
Average Trading Volume: 10,970
Technical Sentiment Signal: Sell
Current Market Cap: C$2.22M
See more insights into TRAC stock on TipRanks’ Stock Analysis page.