Traction Uranium Collaborates with SRC in Exploring the use of their In-Situ Recovery Technology at its Properties
Traction Uranium Inc. 1
Traction Uranium Collaborates with SRC in Exploring the use of their In-Situ
Recovery Technology at its Properties
July 12th, 2022
Vancouver BC – Traction Uranium Corp. (the “Company” or “Traction”) ( CSE: TRAC) (OTC: TRCTF) (FRA:
Z1K), a mineral exploration issuer focusing on the development of discovery prospects in Canada,
including its two flagship uranium projects in the world-renowned Athabasca Region, is pleased to execute
a Master Service Agreement with the Saskatchewan Research Council (SRC) in exploring ISR (in -situ
recovery) uranium extraction projects to utilize their core flooding machine post discovery.
SRC is Canada’s second largest research and technology organization. With 350 employees, $137 million
in annual revenue and 75 years of experience, SRC provides services and products to its 1,500 clients in 27
countries around the world.
Lester Esteban, Chief Executive Officer, stated “SRC has been synonymous with mining in Saskatchewan
and around the world for a very long time. Their knowledge and proficiency around mining and uranium
is unrivaled and supports our pillars of exploration a nd expansion being supported by experience and
expertise. Conventional mining involves removing mineralized rock from the ground, grinding, sorting and
separating out what we want from what we don’t. Solution mining otherwise known as ISL (in -situ
leaching) or ISR (in-situ recovery) leaves the ore where it is in the ground, recovery is done by dissolving
the minerals we want from the ore and pumping up the pregnant solution to the surface where we can
recover it resulting in little disturbance and no tailings or waste rock generated. This provides low capital
costs relative to conventional mining providing Traction a key technological partner post discovery and
supports our plans for adding more properties in North America.”
Technological Overview:
The urani um in -situ recovery process is proposed to mine deposits that are difficult to justify mine
development due to either not enough uranium or too high of radiation. The technology can potentially
utilize drilling and cracking to create passage for the lixiviant through the ore body to extract the uranium
in-situ potentially utilizing the current freezing technology used at Cameco’s Cigar Lake to encapsulate the
orebody for the in-situ recovery.
The apparatus at SRC is called the Core Flooding Machine. It can stimulate the overburden pressure and
pumping pressure during recovery. It uses drill cores and the evolution of permeability and uranium
extraction as a function of time and amount of injection lixiviant are recorded and monitored.
About Traction Uranium Corp.
Traction Uranium (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) is in the business of mineral exploration and the
development of discovery prospects in Canada, including its tw o flagship uranium projects in the world -
renowned Athabasca Region.
Traction Uranium Inc. 2
We invite you to find out more about our exploration -stage activities across Canada’s Western region at
www.tractionuranium.com.
On Behalf of the Board of Directors
Lester Esteban
Chief Executive Officer
+1 (604) 561 2687
Disclaimer for Forward-Looking Information
This news release contains certain forward -looking statements within the meaning of applicable securities laws. All
statements that are not historical facts, including without limitation, statements regarding future estimates, plans,
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including those detailed from time to time in filings made by the Company with sec urities regulatory authorities,
which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These
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