1. Traction Uranium appoints Paul Sparkes as Director, boosting leadership. 2. Sparkes has extensive experience in media, finance, and public service. 3. His appointment is seen as pivotal for Traction's growth. 4. Company focuses on mineral exploration in the Athabasca Region. 5. Strong leadership could improve corporate profile and investor confidence.
The appointment of a seasoned leader like Sparkes can enhance investor confidence, providing a possible uptick in stock demand, similar to past instances like the appointment of successful CEOs in other exploration companies which led to stock price surges.
The news concerns a leadership change impacting corporate strategy, which is crucial for future performance and growth in the uranium market, thus holding substantial weight for potential investors.
While immediate effects might be limited, the strategic direction set by Sparkes is expected to influence long-term growth and possibly stabilize or enhance stock performance over time, akin to how similar appointments have historically contributed to company trajectories.
CALGARY, Alberta, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Traction Uranium Corp. (CSE:TRAC) (OTC:TRCTF) (FRA: Z1K) (the "Company" or "Traction") is pleased to announce the appointment of Paul Sparkes as Director of the Company.
Mr. Sparkes is an accomplished business leader and entrepreneur with over twenty-five years of experience in media, finance, capital markets and Canada's political arena. Mr. Sparkes spent a decade as a leader in the broadcast and media industry as CTV Globemedia's Executive Vice President, Corporate Affairs. He also held senior positions in public service, including with the Government of Canada as Director of Operations to Prime Minister, Jean Chretien, and as a senior aide to two Premiers of Newfoundland and Labrador. Mr. Sparkes was a Co-Founder and executive vice chairman at Difference Capital Financial and serves on a number of private and public boards. He is currently President of Otterbury Holdings Inc., and Chief Executive Officer of Integral Metals Corp, AlphaGen Intelligence Corp., and Vortex Energy Corp.
"We are pleased to welcome Mr. Sparkes to the board of directors of Traction at such a pivotal time in the Company's growth. With his strong business leadership capabilities and vast knowledge of the public markets, Paul will make an excellent addition to the Traction team. I look forward to working with him to build a strong corporate profile for Traction moving forward," stated Paul Gorman, Interim CEO and Director of Traction Uranium Corp.
About Traction Uranium Corp.
Traction Uranium Corp. (CSE:TRAC) (OTC:TRCTF) (FRA: Z1K) is in the business of mineral exploration and the development of discovery prospects in Canada, including its uranium project in the world-renowned Athabasca Region.
We invite you to find out more about our exploration-stage activities across Canada's Western region at https://tractionuranium.com/.
On Behalf of The Board of Directors
Paul Gorman
Chief Executive Officer (604) 425-2271
info@tractionuranium.com
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements." These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
The CSE has neither approved nor disapproved the information contained herein.
