Traction Uranium Signs Option Agreement to Earn up to 80% in the Aurora Uranium Project, Southeastern Athabasca Basin
Traction Uranium Signs Option Agreement to Earn up to 80% in
the Aurora Uranium Project, Southeastern Athabasca Basin
The Aurora Uranium Project contains 12 claims totaling 18,773 hectares
February 11, 2026
(Calgary, AB): Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company”
or “Traction”) is pleased to announce that it has entered into an option agreement (the “Agreement”) with
Cosa Resources Corp. (“Cosa”), effective February 10, 2026. Under the Agreement, Traction has the right
to earn up to an 80% interest in Cosa’s Aurora uranium projec t (the “Project” or “Aurora”) in northern
Saskatchewan.
The Aurora project spans approximately 17 kilometres of prospective strike along the southeastern margin
of the Athabasca Basin, about 16 kilometres east of the Key Lake uranium mill and past -producing mine
(Figure 1). Sandstone cover is interpreted to be less than 100 metres thick across the northern portion of the
Project and absent across the remainder. No diamond drilling has been completed at Aurora since 1979;
however, a review of historical drill logs identified multiple zones of hydrothermal alteration. In 2024, Cosa
completed airborne gravity-gradient and VTEM (Versatile Transient Electromagnetic) surveys that outlined
initial target areas for follow-up.
Traction can earn up to an 80% interest in Aurora by solely funding exploration work and completing a
series of cash and share payments over five earn -in phases (Table 1). Traction may accelerate the earn -in
and advance the exploration work plan at its dis cretion. If Traction terminates the Agreement prior to
completion of Phases 1 and 2, all consideration paid will be forfeited and Cosa’s interest will revert to
100%. During the earn-in period, Cosa will act as operator and will be entitled to charge an op erator fee.
Upon completion of the Phase 4 earn -in requirements (65% interest), Traction will have the option to
assume operatorship of the Project. Any Traction shares issued to Cosa as part of an option exercise
payment (see table below) will be subject to a statutory hold period of four months and one day from the
date of issuance, pursuant to Canadian securities laws.
Table 1. Summary of the option agreement terms.
Exploration
Expenditures
Cash
Payments
Shares of
Traction
Traction
Total
Ownership
Deadline
Signing $25,000 250,000 0%
Phase 1 $1,150,000 $75,000 500,000 20% 31 December 2026*
Phase 2 $2,000,000 $100,000 500,000 35% 31 December 2027
Phase 3 $2,000,000 $100,000 750,000 49% 31 December 2028
Phase 4 $2,000,000 $200,000 1,000,000 65% 31 December 2029
Phase 5 $2,000,000 $1,000,000 2,000,000 80% 31 December 2030
Total $9,150,000 $1,500,000 5,000,000
*Includes cash payments of $25,000 due June 1, 2026 and $50,000 due December 31, 2026
Figure 1. Location of the Aurora project.
Qualified Person
Dr. Jared Suchan, CEO and Director of the Company, and a Qualified Person within the meaning of NI 43-
101, reviewed and approved the scientific and technical contents of this news release.
For a discussion of the Company’s QA/QC and data verification processes and procedures, please see its
most recently-filed technical report, a copy of which may be obtained under the Company’s profile at
www.sedarplus.ca.
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/.
About Cosa Resources Corp.
Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The
portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa -operated
joint venture projects in the Athabasca Basin region, the maj ority of which reside within or adjacent to
established uranium corridors.
In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines that
has secured access to several additional highly prospective eastern Athabasca uranium exploration projects.
As Cosa’s largest shareholder, Denison gains exposure to Cosa’s potential for exploration success and its
pipeline of uranium projects.
Cosa’s award-winning management team has a track record of success in Saskatchewan. In 2022, members
of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium
deposit. Cosa personnel led teams or had integral roles in the discovery of Denison’s Gryphon deposit and
held key roles in the founding of both NexGen and IsoEnergy.
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. 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 exercise the option or acquire any interest in the
Aurora project, risks inherent in the exploration and development of mineral projects, 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 o bligated 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.