The innovation coming out of the University of Saskatchewan elevates the industry, the novel technique pioneered by Dr.
Lester Esteban, Chief Executive Officer, stated "The Saskatchewan expertise in mining and uranium is what makes this province one of the best rated jurisdictions for mining and exploration.
(the "Company" or "Traction"), a mineral exploration issuer focusing on the development of discovery prospects in Canada, including its two flagship uranium projects in the world-renowned Athabasca Region, is pleased to announce execution of a master service agreement with the University of Saskatchewan to add to the Companies exploration programs at both Hearty Bay and Lazy Edward Bay. TRCTF TRAC BREAKING NEWS: Traction Uranium Executes Service Agreement with University of Saskatchewan Research Team to Utilize Innovative Uranium Vectoring Technique using Radiation-Induced Defects in Quartz - Traction Uranium Corp. In recent years, a number of junior uranium companies have made exciting new discoveries in the basin, sparking a staking rush by others looking to get in on the action." Uranium was first discovered in the Athabasca Basin in 1934, and today the region remains a major hot spot for uranium exploration. Unsurprisingly, the region is home to the world's largest uranium mine, Cigar Lake, which reports average grades of 14.69 percent U3O8 and accounts for 13 percent of global uranium production. Investing News added: "Spanning close to 100,000 square kilometers of the Canadian Shield of Northern Saskatchewan and Alberta, the Athabasca Basin is a major contributor to Canada's status as the second largest uranium producer and the third largest in uranium reserves. UUUU EFR, Uranium Energy Corp UEC, Denison Mines Corp DNN DML. Active mining companies in the markets this week include Traction Uranium Corp. Preston said she expects discoveries to be "spectacularly rewarded," but noted that with explorers it's important to look for companies with good geologists. "The setup is really insane."Uranium's long bear market has left market participants with relatively few companies to choose from, but there are still ways to hone in on best-of-breed stocks. Now the critical step for turning the commodity into fuel has had a huge weight put on it, and supply that's connected to a major producer is tainted, if you want to call it that," Preston explained during the conversation. Those include deliberate output cuts from producers and supply disruptions related to the COVID-19 pandemic. At the Prospectors & Developers Association of Canada (PDAC) convention, Gwen Preston of Resource Maven described the market as "very bullish," saying that diverse factors have contributed to uranium's turnaround. A report in Market Screener said that: "The uranium sector has been building steam in recent years, leaving investors eager for returns. Industry insiders say that they are "Very Bullish" on the Canadian uranium market. PALM BEACH, Fla., J/PRNewswire/ - Canada has been a layer in the uranium mining industry and will be for well into the future.
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