Gamma Resources Announces Filing of NI 43-101 Technical Report for the Mesa Arc Project in New Mexico and Outlines Phased Exploration Program
Gamma Resources Announces Filing of NI 43-101 Technical Report for the
Mesa Arc Project in New Mexico and Outlines Phased Exploration Program
Vancouver, British Columbia, January 13 2026 – Gamma Resources Ltd. (TSX -V: GAMA;
OTCPK: MLLOF; FRA: MRDN) (“Gamma” or the “Company”) is pleased to announce that it will file
an independent NI 43 -101 Technical Report (the “ Technical Report”) for its Mesa Arc Project (the
“Project”), supporting the Company’s advancement of the asset and outlining a clear path forward for
exploration.
Technical Report Highlights
• Extensive Historical Exploration Provides Strong Validation – The Project benefits from
a substantial historical dataset, including more than 900 drill holes completed in the
surrounding area by prior operators such as United Nuclear, Anaconda, ARCO, and Magnum
Uranium, confirming the presence of uranium mineralization and providing a strong foundation
for modern exploration.
• Proven Geological Model with Recognized Analogues – Mineralization is hosted within the
Jackpile Member of the Morrison Formation, a proven stratigraphic unit that has supported
significant uranium production elsewhere across the western United States.
• Shallow, Predictable Target Horizon – Based on regional stratigraphy and historical drilling,
the targeted mineralized horizon is expected to occur at depths of approximately 300 to 350
feet, supporting the use of cost-effective reverse-circulation (RC) drilling methods.
• Clear, Phased Exploration Strategy to Advance the Project – The Technical Report
outlines a two-phase exploration program, beginning with drill validation of historical intercepts
followed by geophysics and targeted follow -up drilling, providing a disciplined and capital -
efficient pathway to advance the Project.
Recommended Phased Work Program
Based on the conclusions and recommendations of the Technical Report, Gamma has outlined a
phased exploration program, subject to permitting and regulatory approvals, designed to efficiently
advance the Mesa Arc Project:
• Phase 1 Validation of Historical Drilling – Phase 1 is intended to validate historical drilling
results through the twinning of select historical boreholes that intersected the mineralized
horizon. This phase is expected to include approximately 10 RC drill holes targeting the most
prospective historical intercepts. The estimated budget for Phase 1 is approximately
US$300,000.
• Phase 2 Geophysics and Follow-Up Drilling – Subject to the results of Phase 1, Phase 2 is
expected to include a passive seismic geophysical survey to better define the geometry and
location of potentially mineralized paleochannel systems within the Jackpile Member of the
Morrison Formation. Results from the survey would be used to design a follow-up RC drilling
program of approximately 20 holes to test priority targets. The estimated budget for Phase 2
is approximately US$1.2 million.
Permitting for the proposed exploration activities is ongoing, and the Company will provide updates as
approvals are received and exploration programs commence.
The Technical Report was prepared by Bengt Anders Hogrelius, M.Sc., RPGeo, SME -RM, of
Hogrelius Geological Consultants, in accordance with National Instrument 43 -101 – Standards of
Disclosure for Mineral Projects , and provides a comprehensive evaluation of the Project’s geology,
mineralization, historical exploration, and future exploration potential.
Gabriel Alonso-Mendoza, President and CEO of Gamma commented, “With strong and accelerating
tailwinds for the U.S. uranium industry, we are excited to advance the Mesa Arc Project following the
filing of our NI 43-101 Technical Report. The report confirms that Mesa Arc hosts prospective geology
consistent with uranium-vanadium mineralization found elsewhere in the Morrison Formation across
the Colorado Plateau, and supports a disciplined, phased, and low-cost exploration program designed
to validate historical work and create shareholder value.”
The Technical Report will be filed on SEDAR+ within 45 days of this news release under the
Company’s profile at www.sedarplus.ca.
Corporate Update
The Company has amended the payment terms of the lease agreement with C Bar B Properties
Corporation (“C Bar B”), first announced in the Company’s news release on April 16, 2025. The
Company has paid an aggregate amount of US$200,000 of the $250,000 initial consideration and has
agreed with C Bar B to defer the payment of $50,000 until April 14, 2026, at which time the Company
will pay US$300,000 and will also waive its 90 -day cure period if the payment is not made. There is
no change to the payments of US$250,000 due on each of April 14, 2027 and April 14, 2028.
Qualified Person
Mark Saxon (Fellow of AusIMM, Member of AIG), a qualified person for the purposes of National
Instrument 43-101 - Standards of Disclosure for Mineral Projects and a director of the Company, has
reviewed and approved the scientific and technical disclosure in the news release.
About the Mesa Arc Uranium Project – New Mexico
The Mesa Arc Project comprises 41 lode mining claims in northern New Mexico, recently expanded
by 185 new federal claims to cover approximately 4,520 acres. The district hosts documented historical
uranium production and mineralization (McLemore & Chenowet h, 2017), with previous drilling by
Magnum Uranium Corp. (2006) outlining a non -NI 43-101 historical estimate of 2.5 –3.0 million lbs
U₃O₈*.
About Uranium
In March 2025, President Trump issued Executive Order 14156 formally designating uranium as a
U.S. critical mineral.1 This legal shift empowers federal agencies under the Defense Production Act to
fast-track permitting, direct federal procurement, and prioritize uranium mining, conversion,
enrichment, and fuel fabrication infrastructure across the country. A follow -on executive package on
May 23 accelerated regulatory reform across the nuclear fuel cycle , including licensing of advanced
reactors (Gen III/IV), small modular reactors (SMRs), microreactors, and establishing a goal of 400
GW of nuclear capacity by 2050 —creating a supportive policy ecosystem for domestic uranium
producers and enabling secure HAL EU supply chains for next -generation reactors. 2 These efforts
have been reinforced by a suite of recent federal initiatives, including a $2.7 billion DOE awards
package to boost domestic uranium enrichment capacity, specifically targeting enhancement of
HALEU and low -enriched uranium infrastructure to reduce reliance on foreign sources and support
advanced reactor development.3
Meanwhile, the uranium market continues to face a structural supply –demand deficit, with primary
production projected to lag reactor requirements over the coming decade. Years of under investment
and tightened geopolitical trade have compressed inventories and elevated prices. Spot uranium
prices recovered from lows near US $63/lb in early 2025 to US $82.00/lb as of early 20264, while long-
term contracts and forward ceilings continue rising as utilities secure supply. 5 At the same time,
nuclear energy is increasingly viewed as a reliable, carbon-free backbone for both energy security and
climate goals, with Western governments doubling down on nuclear deployment and investing in
domestic fuel chains, SMRs, and advanced reactor technologies.6 These tailwinds explain why the
Company feels strategically positioned in uranium, eager to help to supply a market poised for
structural growth and supported by strong public policy frameworks.
1 White House: Immediate Measures to Increase American Mineral Production (Executive Order ED 14156,
March 2025) https://www.whitehouse.gov/presidential-actions/2025/03/immediate-measures-to-increase
american-mineral-production/
2 K&L Gates: President Trump Issues Sweeping Executive Orders Targeting Nuclear Regulation (May 23,
2025) https://www.klgates.com/President-Trump-Issues-Sweeping-Executive-Orders-Targeting-Nuclear
Regulation-6-5-2025
3 US awards $2.7 billion worth of orders to boost uranium enrichment | Reuters
4 UxC U3O8 Daily Spot Price based on 10/7/2025
5 Sprott: Uranium’s Mid-Year Momentum (June 2025 pricing and equity
data) https://sprott.com/insights/uranium-s-mid-year-momentum/
6 Reuters: Trump’s nuclear energy orders would boost uranium prices, investments (May 27,
2025) https://www.reuters.com/business/energy/trumps-nuclear-energy-orders-would-boost-uranium-
prices investments-experts-say-2025-05-27/
About Gamma Resources Ltd.
Gamma Resources Ltd. is a U.S.-focused uranium exploration and development company advancing
high-quality assets in the Mountain West region. The Company’s portfolio includes the Green River
Project in Utah, comprising 1,100 acres near prominent regional producers, and the Mesa Arc Project
in New Mexico, a strategic land position now totaling 4,520 acres that includes historic uranium
resources in the Chama Basin. Management believes the Company is uniquely positioned to benefit
from the unprecedented policy and market tailwinds reshaping the U.S. nuclear landscape, and help
meet this demand with responsibly sourced, U.S.-based uranium supply.
Gamma trades on the Toronto Venture Exchange (TSX -V: GAMA), OTC (OTCPK: MLLOF) and
Frankfurt (FRA: MRDN).
For Further Information
Mr. Gabriel Alonso-Mendoza, President and CEO
Email: [email protected]
Tel: (833) 854-6826
www.gammaresourcesltd.com
Forward-looking Statements
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. Statements made in this news release, other tha n purely historical information, including
statements relating to the Company’s future plans and objectives or expected results, may include
forward-looking statements. forward-looking statements are based on numerous assumptions and are
subject to all of the risks and uncertainties inherent in resource exploration and development. As a
result, actual results may vary materially from those described in the forward-looking statements.