Traction Uranium terminates option agreement for the Hearty Bay project

Canadian uranium miner Traction Uranium Corporation has terminated its property option agreement with F4 Uranium Corp. The parties entered into an agreement in December 2021, giving Traction the option to earn and acquire up to a 70% interest in the Hearty Bay project, located in Saskatchewan’s Athabasca Basin region, in Canada.

Traction Uranium terminates option agreement for the Hearty Bay project Uranium oxide Photo by Bloomberg Canadian uranium miner Traction Uranium Corporation has terminated its property option agreement with F4 Uranium Corp. The parties entered into an agreement in December 2021, giving Traction the option to earn and acquire up to a 70% interest in the Hearty Bay project, located in Saskatchewan’s Athabasca Basin region, in Canada. Traction says it has decided not to continue with the option agreement and the exploration thereof, and to instead focus its efforts and resources on the Aurora uranium project in northern Saskatchewan.

In accordance with the terms of the option agreement, the termination will be effective from July 30. Article Enquiry Email Article Save Article Feedback To advertise email advertising@creamermedia.co.za or click here Announcements What's On Subscribe to improve your user experience...

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