Gamma Resources closes $1.32-million financing

Executive Summary

• Gamma Resources closed the second and final tranche of its non‑brokered private placement, raising an additional $668,940 for a total aggregate gross proceeds of $1.32 million.
• The offering consisted of 11 million units at C$0.12 per unit; each unit includes one common share and one non‑transferable warrant exercisable at C$0.18 for 36 months.
• Proceeds will fund the first phases of work on newly acquired uranium properties in Utah and New Mexico and support the company’s rare‑earth extraction technology licensed to ACDC Metals in Australia.

Key Details

• Units Issued: 5,574,500 units (second tranche) for gross proceeds of $668,940.
• Pricing: C$0.12 per unit; each unit = 1 common share + 1 non‑transferable warrant.
• Warrant Terms: Exercise price C$0.18 per share; exercisable for 36 months after closing.
• Total Offering Size: 11 million units; aggregate gross proceeds $1.32 million across all tranches.
• Insider Participation: Insiders purchased 307,834 shares in the second tranche (related‑party transaction under NI 61‑101). No finder’s fees were payable.
• Regulatory Conditions: Closing subject to acceptance by the TSX Venture Exchange; securities subject to a four‑month hold period per exchange policy and applicable securities laws.
• Use of Proceeds:
• Fund initial work on recently acquired uranium projects in Utah (Green River) and New Mexico (Mesa Arc).
• Advance proprietary rare‑earth extraction technology licensed to ACDC Metals (Australia).
• CEO Comment: Gabriel Alonso‑Mendoza highlighted the financing’s role in strengthening the balance sheet, supporting uranium development amid favorable U.S. policy, and advancing the company’s growth trajectory.

Notable Quotes

“We are grateful for the support from our existing shareholders and pleased to welcome new strategic investors to the company as well. This financing will enable us to fund the first phases of work on our recently acquired uranium properties in Utah and New Mexico… With a strengthened balance sheet and growing momentum across our portfolio … we believe the future looks bright for Gamma Resources.” – Gabriel Alonso‑Mendoza, CEO & Director

Materiality Assessment: Material – Positive (significant financing that directly funds core exploration activities and technology licensing, enhancing the company’s growth prospects).