Gamma Resources Announces Increase in Private Placement to $1,750,000 and Closing of First Tranche at $872,500

Gamma Resources Ltd. (GAMA) has increased its non-brokered private placement to $1,750,000, following a prior increase to $1,500,000 on August 27, 2026. The first tranche of the offering has closed, raising $872,500 in gross proceeds, with the company anticipating the closure of a second tranche shortly.

The proceeds are designated for continued exploration at the Mesa Arc uranium project in New Mexico and the Green River uranium project in Utah, as well as for general working capital. The offering consists of up to 21,875,000 units priced at $0.08 per unit. Each unit includes one common share and one non-transferable warrant. The warrants carry an exercise price of $0.12 per share and are exercisable for 36 months from closing.

Finders' fees include $8,225 in cash and 102,813 non-transferable finders' warrants exercisable at $0.08 for 24 months. The securities carry a four-month-plus-one-day hold period and are exempt from formal valuation and minority shareholder approval under MI 61-101.

Gamma Resources Ltd. (GAMA) announced a financing that serves as a direct follow-up to its August 27 announcement and the July 31 restructuring, which replaced a larger LIFE financing with a tighter, warrant-covered structure. The company raised $872,500 in the first tranche to provide immediate liquidity for near-term exploration activities and to cover working capital needs.

The transaction was priced at $0.08, a figure that reflects current market reality and recent share price consolidation, indicating a realistic valuation for existing investors. The deal includes full warrant coverage at $0.12, providing upside compensation for investors while delaying immediate dilution. This incremental transaction is expected given the company's pre-revenue status and its historical reliance on periodic equity raises to fund exploration. The financing aligns with the company's stated roadmap to advance the Mesa Arc and Green River projects, marking no material deviation from prior expectations.

Gamma Resources Ltd. (GAMA) is an emerging uranium explorer focused on two historic U.S. projects: Mesa Arc in New Mexico and Green River in Utah. The company transitioned into a uranium-focused explorer in FY2026, securing a four-year lease with an exclusive purchase option for both properties.

The Mesa Arc Project spans approximately 4,520 acres in northern New Mexico and hosts documented uranium mineralization in the Jackpile member of the Morrison Formation. Historical drilling by Magnum Uranium Corp. in 2006 outlined a non-NI 43-101 estimate of 2.5–3.0 million lbs U3O8. Gamma Resources has filed an NI 43-101 technical report and is advancing permitting for a 10-12 hole RC drill program.

The Green River Project covers approximately 1,100 acres in Emery County, Utah. Located in the San Rafael Mining District, it sits adjacent to Western Uranium & Vanadium's San Rafael project, where historical deposits total more than 9 million lbs U3O8. The company is currently conducting airborne surveys to identify historic boreholes for downhole gamma logging.

Additionally, Gamma Resources holds a proprietary rare-earth element (REE) extraction technology licensed to ACDC Metals in Australia, though uranium exploration remains the primary focus.