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CALGARY - Traction Uranium Corp. (CSE:TRAC) announced Monday the appointment of Paul Sparkes as a director of the company. According to InvestingPro data, the company has shown strong momentum with impressive returns over the past three months, despite currently operating without profitability.
Sparkes brings over 25 years of experience in media, finance, capital markets, and politics to the uranium exploration company. His career includes serving as CTV Globemedia’s Executive Vice President of Corporate Affairs and holding senior positions in the Canadian government, including as Director of Operations to former Prime Minister Jean Chretien. His appointment comes at a crucial time, as InvestingPro analysis indicates the company faces challenges with short-term obligations exceeding liquid assets, resulting in a weak Financial Health Score of 1.43.
Currently, Sparkes serves as President of Otterbury Holdings Inc. and holds CEO positions at multiple companies including Integral Metals Corp., AlphaGen Intelligence Corp., and Vortex Energy Corp. His previous experience includes co-founding Difference Capital Financial, where he served as executive vice chairman.
"With his strong business leadership capabilities and vast knowledge of the public markets, Paul will make an excellent addition to the Traction team," said Paul Gorman, Interim CEO and Director of Traction Uranium, in the press release.
Traction Uranium focuses on mineral exploration and development projects in Canada, with uranium interests in the Athabasca Region. The company trades on the Canadian Securities Exchange under the ticker TRAC, as well as on OTC markets (TRCTF) and the Frankfurt Stock Exchange (Z1K).
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