Northwire Canada EditionTuesday, August 18, 2026
Northwire
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Financings

GAMMA RESOURCES Announces increase in private placement to $1,300,000

GAMA · Price

Executive Summary

  • Gamma Resources increased its non‑brokered private placement target from $1 M to $1.3 M, aiming for up to 11 million units at $0.12 each.
  • The first tranche closed on September 5, 2025 raising $651,060; a second tranche is expected to close on or before October 7, 2025 pending TSX‑V approval.
  • Proceeds will fund early‑stage uranium projects in Utah and New Mexico and support development of the company’s proprietary rare‑earth element extraction process licensed to ACDC Metals Ltd.

Key Details

  • Private Placement Size: Up to $1,300,000 gross proceeds (increase from original $1,000,000 target).
  • Units Offered: Up to 11,000,000 units at $0.12 per unit.
  • Unit Composition: Each unit = 1 common share + 1 non‑transferable warrant.
  • Warrant Terms: One‑share warrant exercisable at $0.18 per share for 36 months after the closing date.
  • First Tranche Closed: September 5, 2025 – gross proceeds of $651,060.
  • Second Tranche Anticipated Closing: On or before October 7, 2025, subject to TSX‑V acceptance.
  • Hold Period: All securities subject to a four‑month hold period from the closing date per TSX‑V policies.
  • Use of Proceeds: Fund early stages of uranium property investments in Utah and New Mexico; advance proprietary REE extraction process licensed to ACDC Metals Ltd (ASX:ADC).
  • Regulatory Notices: Units not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption.

Notable Quotes

“The financing allows us to fund the early stages of the Company’s recent investment in uranium properties in Utah and New Mexico and continue to progress the Company’s efforts with respect to its proprietary rare‑earth element (‘REE’) extraction process currently licensed to ACDC Metals Ltd (ASX:ADC) in Australia.” – Gabriel Alonso‑Mendoza, President & CEO


All boilerplate, forward‑looking statements, and disclaimer text have been omitted for clarity.

Read the original news release →

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