Traction Uranium Corp. announced a non-brokered private placement of up to 7,500,000 units at an issue price of CAD 0.40 per unit for gross proceeds of CAD 3,000,000 and up to 4,444,444 flow-through units at a price of CAD 0.45 per unit for gross proceeds of CAD 1,999,999.80; for an aggregate gross proceeds of up to CAD 4,999,999.80 on April 12, 2023. Each Unit will consist of one common share in the capital of the Company and one-half of one Common Share purchase warrant, with each whole Warrant entitling the holder thereof to purchase one Common Share at a price of CAD 0.55 per Warrant Share for a period of 24 months after the closing date.

Each FT Unit will consist of one Common Share and one-half of one Common Share purchase warrant, with each whole FT Warrant entitling the holder thereof to purchase one Common Share at a price of CAD 0.55 per FT Warrant Share for a period of 24 months after the closing date. The Offering is expected to close on or about May 12, 2023, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals.