Traction Uranium Corp. is launching a non-brokered private placement to raise up to C$750,000 in gross proceeds through the issuance of units priced at C$0.95 each.

The financing consists of units pairing one flow-through common share with one-half of a transferable purchase warrant. Each whole warrant entitles the holder to buy a non-flow-through common share at C$1.05 for 24 months following issuance. Gross proceeds will be used to fund eligible Canadian exploration expenses on the company's mineral properties, including the Aurora Project, with expenses to be renounced to purchasers by December 31, 2026.

The financing follows Traction's decision in July 2026 to terminate its option agreement for the Hearty Bay Project in order to concentrate its resources and efforts on the Aurora uranium project. Traction plans to conduct diamond drilling and radiometric prospecting at Aurora as part of its ongoing 2026 exploration program.

Nearby in the Athabasca Basin, Skyharbour Resources Ltd. commenced a diamond drilling program at its Russell Lake uranium project, located near Traction's Aurora project, in May 2026.

The offering is expected to close on or about August 31, 2026, subject to customary corporate and regulatory approvals. Securities issued under the placement will be subject to a four-month and one-day statutory hold period.

Read the full announcement: Traction Uranium Announces Non-Brokered Flow-Through Private Placement