Traction Uranium Announces Closing of Private Placement of C$500,000 of Unsecured Convertible Debentures
Traction Uranium Announces Closing of Private Placement of
C$500,000 of Unsecured Convertible Debentures
January 16, 2026
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
(Calgary, AB): Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the
“Company” or “ Traction”) is pleased to announce that it has closed its previously announced
non-brokered private placement of unsecured convertible debentures of the Company (the
“Convertible Debentures ”) for aggregate gross proceeds to the Company of C$500,000 (the
“Offering”).
The Convertible Debentures are denominated in principal amounts of C$1,000 and will mature 12
months from the date of issuance (the “ Maturity Date”). The Convertible Debentures will bear
interest at a rate of 10% per annum, calculated quarterly in arrears and payable on the Maturity
Date.
The principal amount of each Convertible Debenture, plus any accrued interest thereon, is
convertible into units of the Company (“ Units”) at the election of the holder on, or at any time
prior to, the Maturity Date at a conversion price equal to the most recent closing price of the
common shares of the Company (“Common Shares”) on the Canadian Securities Exchange prior
to the time at which the holder delivers notice of conversion to the Company (the “Market Price”).
Each Unit shall be comprised of one Commo n Share and one Common Share purchase warrant
(each, a “Warrant”), with each Warrant entitling the holder to acquire one Common Share at an
exercise price equal to 110% of the Market Price for a period of 24 months from the date of
issuance.
The Company intends to use the net proceeds raised from the Offering for general and
administrative expenditures and general working capital purposes.
All securities issued pursuant to the Offering will be subject to a statutory four month and one day
hold period.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
About Traction Uranium Corp.
Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is in the business of mineral
exploration and the development of discovery prospects in Canada, including its uranium project in the
world-renowned Athabasca Region.
We invite you to find out more about our exploration-stage activities across Canada’s Western region at
https://tractionuranium.com/.
On Behalf of The Board of Directors
Jared Suchan
CEO and Director
(604) 425-2271
Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”,
“believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters
that are not historical facts are intended to identify forward -looking information and are based on the
Company’s current belief or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward -looking information relating to, among other things,
the Offering, including the expected use of proceeds therefrom. Various assumptions or factors are
typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking
information, including the assumption that the Company will use the proceeds of the Offering as
anticipated. Those assumptions and factors are based on information currently available to the Company.
Although such statements are based on reasonable assumptions of the Company’s management, there can
be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements to be materially different from any future
results, performance or achievements expressed or impli ed by the forward -looking information. Such
factors include: the risk that the Company does not use the proceeds from the Offering as currently
expected; risks inherent in the exploration and development of mineral deposits, including risks relating
to changes in project parameters as plans continue to be redefined and the risk that exploration and
development activities will cost more than the amount budgeted for such activities by the Company; access
and supply risks; operational risks; regulatory risks, including risks relating to the acquisition of the
necessary licenses and permits; and financing, capitalization and liquidity risks. The forward -looking
information contained in this release is made as of the date hereof, and the Company is not obligated to
update or revise any forward-looking information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue reliance on forward-looking information.
The foregoing statements expressly qualify any forward-looking information contained herein.
The CSE has neither approved nor disapproved the information contained herein.