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Traction Uranium Plans to Proceed With a Fall 2026 Diamond Drill Program at the Aurora Uranium Project

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Traction Uranium (TRAC.CN) is planning to proceed with a fall 2026 diamond drill program at the Aurora Uranium Project in Saskatchewan's Athabasca Basin region, the company said on Monday.

Traction has an option to acquire up to an 80% interest in Aurora, which is owned and operated by Cosa Resources Corp (COSA.V), subject to satisfying certain earn-in requirements, said the company.

The planned program will be operated by Cosa and funded by Traction under the option agreement, said Traction.

The company expects the proposed program to test priority conductive targets identified through interpretation of Cosa's 2024 VTEM survey, it said.

"With the airborne survey complete, we are preparing to move Aurora into drill testing," said Traction's Chief Executive Officer Jared Suchan. "The VTEM conductors, ranked against the new radiometric and magnetic data, give us a clear set of priority targets for this program."

Traction Uranium shares were last seen unchanged at CA$0.95 on the Canadian Securities Exchange, while Cosa Resources shares were last seen down CA$0.04 or 7.1% to CA$0.52 on the TSX Venture Exchange.

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