- Multiple uranium-source radiometric anomalies identified in proximity to prospective basement features
- High-resolution magnetic model significantly advances the understanding of basement geology
- Planned fall 2026 follow-up drill program to be 100% funded by Traction
Beyond the Headline
Reported positive results from a property-wide airborne radiometric survey at the Aurora project. Aurora is located in the southeastern Athabasca Basin approximately 16km east of Cameco’s Key Lake Mill and historical Mine. The survey outlined multiple uranium-source radiometric anomalies identified in proximity to prospective basement features. The high-resolution magnetic model significantly advanced their understanding of basement geology which is critical to drill targeting. This survey work as well as the planned fall 2026 follow-up drill program is 100% funded by Traction Uranium Corp. which has the right to earn up to an 80% interest in the Aurora project by sole-funding $9.15 million in exploration expenditures and completing cash and share payments. Drilling at Aurora is expected to commence later this year following completion of drilling at the Company’s Murphy Lake North and Darby joint ventures with Denison Mines.