Traction Uranium Corp. announced that it will be shifting its focus from the previously announced “Monazite Beneficiation Study” on the Monazite hosted Rare Earth Elements at Key Lake South Project to the high grade uranium discovered by the Company's team during the Fall 2022 field program. The study is to be conducted by the Saskatchewan Research Council.

The main purpose of the Study to be conducted by SRC is to determine the most efficient beneficiation route for the concentration of the U308 encountered in the Key Lake South “black soil”. SRC's services are being supported in part through funding from the National Research Council of Canada Industrial Research Assistance Program (“NRC IRAP”). Chemical analysis and characterization of the as-received feed ore sample, including Inductively Coupled Plasma (ICP) Spectroscopy; Comminution of the as-received feed ore sample, including sample preparation, particle size distribution and heavy liquid separation; and Preliminary beneficiation tests comprising of Gravity, Magnetic Separation, and Flotation.

Phase 1 Diamond Drilling is planned with 2,000 metres, targeting areas with extreme surface uranium anomalies including the “black soil” anomaly, the “radioactive swamp” and the “Athabasca Sandstone” mapped in 1973 (AR 74H04-0013). Most of the drill targets are situated at the edge of the broad gravity-lows identified in the ground gravity survey of 2022. Samples for the study will be collected during the winter drill program to conduct the study.