Traction Uranium Announces Proposed Share Consolidation

Executive Summary

• Traction Uranium Corp. announced a proposed three‑to‑one consolidation of its common shares, reducing the share count from ~10.95 M to ~3.65 M.
• The consolidation was approved by shareholders at the Annual General and Special Meeting on February 12, 2026 and subsequently ratified by the Board of Directors.
• Completion remains subject to CSE approval; no cash consideration will be paid for fractional shares, which will be rounded to the nearest whole share.

Key Details

• Consolidation Ratio: 3 existing Common Shares will be exchanged for 1 new Consolidated Share.
• Current Shares Outstanding: 10,949,093 Common Shares.
• Post‑Consolidation Shares Outstanding (approx.): 3,649,697 Consolidated Shares.
• Shareholder Approval: Approved at the Annual General and Special Meeting held February 12, 2026.
• Board Approval: Resolutions passed by the Board of Directors following shareholder approval.
• Regulatory Requirement: Subject to acceptance by the Canadian Securities Exchange (CSE); a CSE bulletin will be issued upon approval.
• Fractional Shares: No cash payment for fractions; any fractional result will be rounded to the nearest whole share.
• No Name Change: The Company will retain its current name after consolidation.
• Future Communication: A subsequent news release will provide the effective date, new CUSIP/ISIN, and any additional details once all documentation is filed with the CSE.

Notable Quotes

“We invite you to find out more about our exploration‑stage activities across Canada’s Western region at https://tractionuranium.com/.” – Jared Suchan, CEO and Director (included as part of the standard sign‑off).