Uranium Towing Conducting Monazite Rare Earth Element (REE) Beneficiation Study at Canadian Business Journal Key Lake South (KLS)

Calgary, Alberta, October 25, 2022 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (“Company” Also “traction) is pleased to announce that it will conduct monazite-hosted rare earth element (REE) research at Key Lake South (KLS) through the “Monazite Beneficiation Study” conducted by the Saskatchewan Research Council (SRC). .

The main objective of the tests conducted by SRC is to determine the most efficient beneficiation route for monazite ore enrichment. Some of SRC’s services are Canadian National Research Council Industrial Research Support Program (NRC IRAP).

The test program includes the following areas of work:

• Chemical analysis and characterization of as-received raw ore samples, including ICP (Inductively Coupled Plasma) spectroscopy
• Crushing of as-received raw ore samples, including sample preparation, particle size distribution, and heavy liquid separation
• Preliminary beneficiation test consisting of gravity, magnetic separation and flotation

Key Lake South (KLS) and REE as seen from historical drill hole KEY005:

Historic drill hole KEY005 lies within an elliptical magnetic medium intersected with abundant pegmatites (see Figure 2) and a 10.7 meter section was analyzed for rare earths by SRC, yielding 0.544% total rare earths ( TREE) average grade was returned. , including a 0.2-meter section with a tree up to 7.611%. A QEMSCAN analysis was performed on sample 011-0185 in SRC, confirming that “monazite is the only observed host of his REE.”

Figure 1. Satellite image showing the location of the drill hole KEY005 and the elliptical REE potential region with the red ellipse.

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/610f630c-43bd-4fe2-ae7d-afd217fcad1c.

Fig. 2.1^st Vertical derivative (TMI) map showing the location of drill hole KEY005 and the REE potential region indicated by the elliptical magnetic medium.

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c5fe9f06-44b0-481e-ad07-f3baf3c77d4f.

CEO Lester Esteban said: Finding uranium at KLS is our top priority. The team’s identification of two new anomalies, including radioactive wetlands and radioactive black soil, in its first field program at KLS is a major boost in supporting our quest to discover high-grade uranium deposits at Key Lake. . South. However, the monazite-hosted rare earths crossed from the historic drill core KEY-005 cannot be ignored, making the Monazite Processing Unit (MPU) the first of three processing units located in the same province (Saskatchewan) as KLS.

About Traction Uranium Corp.

Traction Uranium Corp. develops mineral exploration and discovery prospects in Canada, including three major uranium projects in the world-famous Athabasca region.

Visit https://tractionuranium.com/ to learn more about exploration-phase activity in Western Canada.

About the property

The Key Lake South Uranium Project is located approximately 6 kilometers southwest of the Key Lake Uranium Plant, close to modern uranium mining facilities and highway transportation in northern Saskatchewan. Geologically, it sits on the southeastern edge of the Proterozoic Athabasca Basin and is home to some of the world’s largest and finest uranium deposits and operations. Recent discoveries of the Triple R and Arrow deposits indicate further potential for high-grade uranium at the edge of the basin.

qualified person

The technical content of this news release has been reviewed and approved by Linglin Chu, M.Sc., P. Geo., a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects . This information indicates potential exploration of the property, but may not represent the expected results.

On behalf of the Board of Directors

Lester Esteban
Chief executive officer
+1 (604) 561 2687
[email protected]

Forward-Looking Statements

This news release contains forward-looking statements that involve risks and uncertainties, including those relating to companies completing Phase 1 and Phase 2, acquisition of interest in assets, timing of cash payments, share issuance and spending requirements. is included. , and development of the Property. The Company provides forward-looking statements for the purpose of conveying information about its current expectations and plans for the future, and readers are cautioned that such statements may not be suitable for other purposes. please. By its nature, this information is subject to inherent risks and uncertainties, either general or specific, and gives rise to the possibility that expectations, projections, projections, projections or conclusions may not prove to be accurate. It may be incorrect and its objectives, strategic goals and priorities will not be met. These risks and uncertainties include, but are not limited to, those identified and reported in our public filings under our SEDAR profile on www.sedar.com. Although we have attempted to identify important factors that could cause our actual actions, events or results to differ materially from those set forth in the forward-looking information, the actions, events or results that do not There may be other factors that cause be as expected, estimated or intended; There can be no assurance that such information will prove to be accurate, as actual results or future events could differ materially from those projected in such statements. We disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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