Traction Uranium Announces Private Placement of C$500,000 of Unsecured Convertible Debentures
Traction Uranium Announces Private Placement of C$500,000
of Unsecured Convertible Debentures
January 2, 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 intends to complete a non -brokered private placement of
unsecured convertible debentures of the Company (the “Convertible Debentures”) in an aggregate amount
of C$500,000 (the “Offering”).
The Convertible Debentures will be sold 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 (as defined below).
The principal amount of each Convertible Debenture, plus any accrued interest thereon, will be
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 Common 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. The Offering is expected to
close on or about January 16, 2026.
1All securities issued pursuant to the Offering will be subject to a statutory four month and one
day hold period. Closing of the Offering is subject to the Company’s receipt of all necessary
regulatory approvals, including approval of the Canadian Securities Exchange.
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
Paul Sparkes
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 total anticipated proceeds, the expected use of proceeds and the closing
(including the proposed closing date) of the Offering. 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 close the Offering on the timeline anticipated, will raise
the anticipated amount of gross proceeds from the Offering and 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 Offering does not close on the timeline expected, or at all; the risk that
the Company raises less than the anticipated amount of gross proceeds from the Offering; 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 o f 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.