Gamma Resources Commences Work Programs at U.S. Uranium Projects in Utah and New Mexico

The most recent news, dated November 13, 2025, announces that Gamma Resources has commenced work programs at its two U.S. uranium projects: the Green River Project in Utah and the Mesa Arc Project in New Mexico. The company states this is a major step in advancing its U.S. uranium portfolio with the goal of defining resources and expanding its footprint. This action aligns with the stated use of proceeds from its recently closed financing.

Additionally, the company has engaged Departures Capital Inc. for investor communications and marketing advisory services for a 12-month term at a fee of $30,000.

The commencement of work programs is a positive and necessary step, demonstrating that management is executing on its stated strategy following the successful $1.32 million financing in October 2025. This is the first tangible "boots on the ground" activity since acquiring the projects and signals a transition from corporate restructuring to active exploration.

However, the impact is routine rather than material at this stage. Announcing the start of work is an expected milestone. The market has already anticipated this development, as the company's sole purpose for raising capital was to fund these programs. The true material impact will come from the results of these programs, such as drill target identification, geophysical anomalies, and ultimately, drill results.

While positive, this news does not fundamentally change the company's risk profile or valuation. It simply confirms that the operational plan is proceeding as outlined. The hiring of an IR firm is a standard administrative action for a public junior company and is non-material to the investment thesis.

Gamma Resources is a Canadian-based junior exploration company that has recently pivoted to focus on uranium exploration in the United States. Its primary assets are two advanced-stage exploration projects acquired under a lease-with-exclusive-option-to-purchase agreement: - Green River Project (Utah): Located in the San Rafael mining district, the project consists of 41 royalty-free claims. It is situated near existing uranium processing infrastructure and historical production. - Mesa Arc Project (New Mexico): A consolidated land package of 226 claims covering a four-mile mineralized trend. The project benefits from substantial historical (non-NI 43-101 compliant) data, including over 1,000 drill holes and a historical resource estimate of 2.5-3.0 million pounds of U3O8.

The company also retains an interest in a proprietary rare-earth element (REE) extraction technology, which is licensed to ACDC Metals Ltd. (ASX: ADC) in Australia, providing potential for future equity and royalty income.