Single-tranche financing carries one full warrant per Unit at $0.12, issues less than half the Units contemplated under the previously announced offering, creates no freely tradeable stock at closing, and is expected to include insider participation. Proceeds are directed to the next phase of exploration at the Mesa Arc Project (New Mexico) and the Green River Project (Utah). The Company's previously announced offering, comprising a LIFE Financing and a concurrent financing, has been cancelled due to market conditions.
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VANCOUVER, BC / ACCESS Newswire / July 31, 2026 / Gamma Resources Ltd. (TSXV:GAMA)(OTCQB:GAMXF)(FRA:MRDN) ("Gamma" or the "Company"), a U.S.-focused uranium exploration and development company advancing projects in New Mexico and Utah, today announced that it intends to complete a non-brokered private placement of up to 11,000,000 units at a price of $0.08 per unit for gross proceeds of up to approximately $880,000 (the "Private Placement"), on terms structured to benefit both participating investors and existing shareholders. Each unit carries a full common share purchase warrant exercisable at $0.12, and every security issued will be subject to a four-month-and-one-day hold period as such the financing will create no freely tradeable stock at closing. Insiders of the Company are expected to participate alongside new investors.
