GAMMA RESOURCES Announces increase in private placement to $1,300,000
GAMMA RESOURCES Announces increase in private placement to
$1,300,000
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
VANCOUVER, British Columbia, September 30, 2025 (GLOBE NEWSWIRE) – GAMMA
Resources Ltd (TSX-V: GAMA; OTCPK: MLLOF; Frankfurt: MRDN) (“GAMMA” or the
“Company”) is pleased to announce the non-brokered private placement (the “Private
Placement”) announced August 25, 2025 for gross proceeds of up to $1,000,000 has been
increased to gross proceeds of up to $1,300,000. The Company previously announced the
closing of the first tranche on September 5, 2025 for gross proceeds of $651,060. The
Company anticipates closing a second tranche of the Private Placement on or before October
7, 2025, subject to the acceptance of the TSX Venture Exchange.
The Private Placement will consist of up to 11,000,000 units (each a “Unit”) at a purchase
price of $0.12 per Unit for gross proceeds of up to $1,300,000. Each Unit will consist of one
common share in the capital of the Company (a “Common Share”) and one non-transferable
Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will
entitle the holder to acquire one additional Common Share at an exercise price of $0.18 for
a period of 36 months following the closing of the Private Placement (the “Closing Date”).
In the August 25, 2025 news release, Gabriel Alonso-Mendoza, President and CEO of
Gamma commented, “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.”
All securities issued in connection with the Private Placement will be subject to a four-month
hold period from the Closing Date, pursuant to applicable securities laws and the policies of
the TSX Venture Exchange. The securities issued in connection with the Private Placement
have not been nor will they be registered under the United States Securities Act of 1933, as
amended, or state securities laws, and may not be offered or sold in the United States or to
an account for the benefit of US persons, absent such registration or an exemption from
registration. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy the securities in the United States or in any jurisdiction in which such offer,
sale, or solicitation would be unlawful.
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
Website: 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 IN THIS NEWS RELEASE, OTHER THAN 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 R ISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT.
AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD - LOOKING
STATEMENTS.