Traction Uranium Corp. (CSE: TRAC) announced on September 28, 2026, that diamond drilling has commenced at its Aurora Uranium Project in Saskatchewan's Athabasca Basin region. The program is planned to comprise approximately 800 metres across four to six holes, targeting shallow conductive anomalies identified through recent airborne geophysical surveys. Traction is fully funding the program under an option agreement that could see it earn up to an 80% interest in the project, making early drill results a closely watched milestone for investors.

Key Points

  • Traction Uranium Corp. (CSE: TRAC, OTC: TRCTF, FRA: Z1K) announced commencement of diamond drilling at the Aurora Uranium Project
  • The program targets shallow conductive anomalies, with three of four target areas carrying associated uranium-source radiometric anomalies
  • Traction may earn up to an 80% interest in Aurora by funding $9.15 million in exploration expenditures under an option agreement dated February 10, 2026
  • Investors will be watching for drill results as Cosa Resources Corp. operates the program with full funding from Traction

Aurora Drill Program Targets Four Shallow Conductive Zones

The Aurora drill program will test four primary target areas selected using Cosa Resources' 2024 airborne VTEM electromagnetic survey, supplemented by gravity, magnetic, and radiometric data. Target A1, in southwestern Aurora, tests a northeast-trending conductive response adjacent to a uranium-source radiometric anomaly with no expected Athabasca sandstone cover. Target A2 in the northern portion of the project features a conductive response coincident with interpreted magnetic lineaments and approximately 30 metres of sandstone cover. Targets A4 and A5 comprise curved conductive trends lying just inside the mapped Athabasca Basin edge, both up-ice of uranium-source radiometric anomalies.

Cosa Resources Operating Aurora With Traction Providing Full Financing

Cosa Resources Corp., the owner and operator of Aurora, is conducting the current drill program with full funding provided by Traction Uranium. Under the option agreement signed February 10, 2026, Traction may earn up to an 80% interest in the project by funding $9.15 million in total exploration expenditures and completing the required cash and share payments. Cosa's management team holds notable credentials in the Athabasca Basin, having been recognised for their involvement in the discovery of IsoEnergy's Hurricane deposit and holding key roles in the founding of NexGen and IsoEnergy, according to the announcement.

First Drilling at Aurora Since the 1980s Marks a Key Exploration Milestone

According to the release, this marks the first drilling at the Aurora Uranium Project in more than four decades. CEO and Director Jared Suchan, who also serves as the program's Qualified Person under National Instrument 43-101, noted the significance of resuming exploration at the site and highlighted the Cosa team's Athabasca Basin discovery track record. Ground follow-up of selected radiometric anomalies is also planned as part of the program to assess uranium sources and support further target prioritisation. The immediate share price impact was not clear from available public information.