Traction Uranium Announces Proposed Share Consolidation

CALGARY, Alberta, September 5, 2024 (GLOBE NEWSWIRE) — Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the “Company” or “Traction”) is pleased to announce that its Board of Directors has approved a consolidation (the “Consolidation”) of the Company’s ordinary shares (“Ordinary shares”) on a ten-to-one basis. The Company has 92,609,126 shares of common stock outstanding and, if completed, the proposed consolidation would reduce the number of issued and outstanding shares of common stock to approximately 9,260,912 shares of common stock.

The Company will issue a subsequent press release after all necessary documentation has been filed with the Canadian Securities Exchange (“CSE”) with respect to the proposed consolidation, the announcement of the effective date of the proposed consolidation, the new CUSIP and ISIN for the consolidated common shares and any other relevant details relating to the proposed consolidation. No fractional common shares will be issued as a result of the proposed consolidation. Any fractional common shares resulting from the proposed consolidation will be rounded up in the case of a fractional interest that is one-half (1/2) of a common share or greater, or rounded down in the case of a fractional interest that is less than one-half (1/2) of a common share, to the nearest whole number of common shares, and no cash consideration will be paid with respect to any fractional common shares rounded down to the nearest whole number of common shares.