Traction Uranium Announces Securities for Debt Settlement

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CALGARY, Alberta, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE:TRAC) (FRA: Z1K) (the "Company" or "Traction") announces that it has entered into debt settlement agreements (the "Agreements") with a director, an officer, and a consultant of the Company, respectively.

Pursuant to the Agreements, the Company has agreed to settle debts in the aggregate amount of $283,400 through the issuance of 1,288,181 units (each, a "Unit") at a deemed price of $0.22 per Unit, with each Unit being comprised of one (1) common share in the capital of the Company (each a "Share") and one (1) Share purchase warrant (a "Warrant"). Each Warrant will be convertible into one Share (a "Warrant Share") at a price of $0.285 for a period of two (2) years.

Two of these three Agreements constitute "related party transactions" as defined in Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions ("MI 61-101"), as a director and a company owned and controlled by an officer of the Company are parties to the Agreements. The Company is relying on exemptions from the valuation and minority shareholder approval requirements of MI 61-101, as the Fair Market Value of the transactions contemplated ...