Gamma Resources Announces Receipt of $604,500 from Warrant Exercises
Gamma Resources Announces Receipt of $604,500 from Warrant Exercises
VANCOUVER, BRITISH COLUMBIA, June 9, 2026 – Gamma Resources Ltd. (TSX-V: GAMA;
OTCQB: GAMXF; FRA: MRDN) (“Gamma” or the “Company”) is pleased to announce that it has
received aggregate proceeds of $604,500 from the exercise of 4,030,000 common share purchase
warrants at an exercise price of $0.15 per share, as previously disclosed in a news release dated
April 16, 2026 announcing the warrant incentive program (the “Incentive Program”). The Incentive
Program was completed on May 14, 2026. Upon exercise of the warrants in accordance with the
Incentive Program, the Company issued a total of 4,030,000 common shares and 4,030,000
incentive warrants (the “Incentive Warrants”). Each Incentive Warrant entitles the holder thereof to
purchase one common share of the Company for a period of 3 years from the date of issuance, June
3, 2026, at a price of $0.15 per share.
Gamma expects to use the proceeds received from the exercise of the warrants for advancing
exploration activities and general working capital.
All warrants that were not exercised under the Incentive Program will remain outstanding and
continue to be exercisable for common shares of the Company on their original terms and no further
Incentive Warrants will be granted on any exercise of such warrants. Prior to the April 14, 2026
announcement of the Incentive Program, 2,500,000 warrants which were exercised for proceeds of
$375,000 were not eligible for Incentive Warrants. The Incentive Warrants, and any shares issuable
on the exercise thereof, will be subject to a statutory hold period of four months and one day from
the date of issuance of the Incentive Warrants, expiring on October 4, 2026.
Related Party Disclosure
Participation in the Incentive Program by insiders of the Company (the “Related Parties”) constituted
a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority
Security Holders in Special Transactions (“MI 61-101”). Pursuant to the Incentive Program, the Related
Parties exercised an aggregate of 1,890,000 warrants and were issued an aggregate of 1,890,000
common shares and 1,890,000 Incentive Warrants. Notwithstanding the foregoing, the directors of the
Company have determined that the Related Parties’ participation in the Incentive Program is exempt
from the formal valuation and minority shareholder approval requirements of MI 61-101 in reliance on
the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61 -101. The Company did not file a
material change report in respect of the related party transaction at least 21 days before closing of the
Incentive Program as the extent of participation by the Related Parties was not confirmed at that time.
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 TSX Venture Exchange (TSX-V: GAMA), OTC (OTCQB: GAMXF) and Frankfurt
(FRA: MRDN).
For Further Information
Mr. C. Connor Messler, President
Email: [email protected]
Tel: (833) 854-6826
www.gammaresourcesltd.com
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.
Forward-looking Statements
Certain of the statements made and information contained in this press release may constitute
forward-looking information and forward -looking statements (collectively, “forward -looking
statements”) within the meaning of applicable securities laws. All stat ements, other than statements
of historical fact, are forward-looking statements. The words “will”, “expect”, “plan,” “intend” and similar
expressions identify forward -looking statements. In particular, this press release contains forward -
looking statements including, without limitation, with respect to the use of proceeds received from the
exercise of warrants.
Forward-looking statements, while based on management’s best estimates and assumptions, are
subject to risks and uncertainties that may cause actual results to be materially different from those
expressed or implied by such forward-looking statements, including but not limited to: the risk that the
Company will not be able to use proceeds from the exercise of warrants as currently anticipated;
anticipated risks related to general economic and market conditions; accidents, title disputes, and
other risks of the mining industry.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in forward -looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can b e no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Co mpany undertakes no obligation or responsibility to update
forward-looking statements, except as required by law.