Gamma Resources Closes $1,320,000 Private Placement

Executive Summary

• Gamma Resources closed the second and final tranche of its non‑brokered private placement, raising $668,940 in gross proceeds.
• The total amount raised to date from the offering is $1.32 million, issued as 11 million units at $0.12 per unit, each unit comprising one common share and a non‑transferable warrant exercisable at $0.18 for up to 36 months.
• Proceeds will fund early 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 (final tranche): 5,574,500 units for gross proceeds of $668,940.
• Purchase Price: $0.12 per unit.
• Unit Composition: 1 common share + 1 non‑transferable warrant.
• Warrant Terms: Right to purchase one additional common share at $0.18 per share; exercisable for 36 months after closing.
• Aggregate Offering Size: 11,000,000 units total; total gross proceeds $1,320,000.
• Insider Participation: Insiders purchased 307,834 shares in the second tranche (related‑party transaction exempt from 61‑101 valuation/approval thresholds).
• No Finder’s Fees: No finders’ fees payable on the second tranche.
• Closing Conditions: Subject to acceptance by the TSX Venture Exchange; securities subject to a four‑month hold period under applicable securities laws and TSX V policies.
• Use of Proceeds: Fund first phases of work on recently acquired uranium projects in Utah and New Mexico; continue advancement of proprietary rare‑earth extraction technology licensed to ACDC Metals (Australia).
• Regulatory Disclaimer: Securities not registered in the U.S.; cannot be offered or sold in the United States absent registration or exemption.

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, while continuing to advance our proprietary rare‑earth extraction technology licensed to ACDC Metals in Australia.” – Gabriel Alonso Mendoza, CEO & Director

Materiality Assessment: Material – Positive (significant financing that materially enhances the company’s balance sheet and enables advancement of core uranium projects).