Company - Traction Uranium

COMPANY

About the Company

Traction Uranium is a Canadian mineral exploration company focused on the acquisition, exploration, and advancement of high-potential uranium projects in premier mining jurisdictions. With a strategic presence in the world-renowned Athabasca Basin, home to some of the highest-grade uranium deposits globally, Traction Uranium is positioned to contribute to North America’s growing demand for secure, domestic energy resources.

Highlights

The Aurora Project is located in Saskatchewan’s Athabasca Basin, the world’s premier jurisdiction for high-grade uranium discoveries and home to producing mines and mills.
The Aurora Project sits just 15 km from the Key Lake Mill, one of the largest uranium processing facilities globally, with road and power access nearby.
High-grade uranium boulder trains, major structures, alteration, and new EM conductors point toward a nearby bedrock source.
Aurora spans 18,744 hectares across 12 claims, providing district-scale exploration upside in an underexplored corridor.
Nuclear energy supplies ~10% of global electricity and remains the second-largest source of low-carbon power, with reactors operating, expanding, and under construction worldwide.
According to Santec, growing small modular reactor (SMR) market valued at US$400–600B offers potential uranium demand growth, supporting AI and data center energy requirements with clean, consistent power.
Policy momentum toward nuclear power expansion and supply chain resilience is reinforcing long-term demand for secure, domestic uranium sources.

Management Team

Jared Suchan

Chief Executive Officer & Director

Dr. Suchan is a professional geoscientist with nearly 10 years of experience in the exploration and development of mining projects in Canada. He received his Ph.D. in Environmental Systems Engineering in 2023 and

his Honours B.Sc. in Geography and B.Sc. in Geology in 2016 from the University of Regina. His expertise is in the development and execution of early-stage mineral exploration programs in the remote regions of Canada. His previous experience includes coal mining operations and uranium exploration in Saskatchewan, rare earth element and diamond exploration in the Northwest Territories, and gold exploration in the Yukon. Dr. Suchan currently serves as the Chief Operating Officer for the rare earth element exploration company Northern Critical Minerals Corp., and as a Managing Partner with the mineral exploration project generator company Voyageur Exploration Ltd.

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Paul Sparkes

Director

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 is an advisor and deal maker for growth companies in the private and public markets.

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Tasheel Jeerh

Chief Financial Officer

Mr. Jeerh, CPA, CA is a finance and accounting professional bringing over 10 years of accounting expertise and management experience to the team.

Mr. Jeerh has experience in both public and private sectors, over a broad range of industries, including energy, mining, exploration and technology. Prior to joining the Company, Mr. Jeerh played a pivotal role in the growth of a private upstream oil and gas company, dealing with over $2.0 billion of M&A activity and $1.0 billion of financing activities. Mr. Jeerh received his designation at PricewaterhouseCoopers LLP, where he gained valuable audit experience through his work as a manager in the assurance practice.

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Advisory Board

George Young

Mr. Young possesses 30-plus years of extensive public sector experience as a trusted and reliable advisor to three prime ministers, numerous cabinet ministers and leaders of political parties at the provincial and federal levels of government.

Most recently, Mr. Young served in the Prime Minister’s Office, and as chief of staff to ministers at National Defence, and Fisheries and Oceans Canada, and as deputy chief of staff at Infrastructure and Communities. Mr. Young previously served as a vice president of a national public opinion research company; the Director of Communications for the Macdonald-Laurier Institute; the President and CEO of the Pearson Centre; and Mr. Young has advised a varied client base with government relations firms.

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Kevin Fram

Mr. Fram brings over 35 years experience in the federal government, principally as a former Public Servant at Fisheries and Oceans Canada, where he held a leadership role in the Indigenous Affairs Directorate. During his time with DFO,

Mr. Fram, in partnership with Indigenous groups from across the country, championed the co-development and co-delivery of DFO’s Indigenous capacity-building programs. Upon his retirement from the Public Service, Mr. Fram was awarded the David C. Bevan award for Outstanding Career at Fisheries and Oceans Canada. Mr. Fram previously served as Executive Assistant to the Governor General of Canada, Special Assistant to the Prime Minister of Canada, as well as a senior political advisor to several Ministers of Fisheries and Oceans, the Minister of Natural Resources, as well as to the Leader of the Government in the House of Commons.

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Ken Wheatley MSC, P.Geo

Mr. Wheatley is a Professional Geoscientist (P.Geo.) with the Association of Professional Engineers and Geoscientists in Saskatchewan. With over 44 years of uranium exploration experience in Canada,

Mr. Wheatley started uranium exploration in 1980 and was involved with the discovery of a number of deposits: Amok Ltd. (Cluff Lake, Dominique Janine deposits), Minatco (McClean Lake, Sue deposits), Uranerz Exploration and Mining Ltd. (Key Lake, BV and P-Patch uranium occurrences) and Areva Resources Canada Inc. (now Orano) where he led the exploration team in discovery and delineation of the Midwest A deposit. Most recently Mr. Wheatley was the Vice President of Exploration for Forum Energy Metals Corp. where he discovered the Opie, Barney and Otis West uranium showings at Northwest Athabasca. He also explored for uranium in Nunavut around the Kiggavik deposits, explored for copper at the Janice Lake project and for nickel / platinum / palladium at the Love Lake project. Mr. Wheatley has a record of mineral discoveries, including eight uranium deposits, four of which became producing mines in the Athabasca Basin, Saskatchewan.

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