Gamma Resources Announces Successful Renegotiation of Loan Facility
Gamma Resources Announces Successful
Renegotiation of Loan Facility
VANCOUVER, British Columbia, September 19, 2025 – Gamma Resources Ltd. (TSX -V:
GAMA; OTCPK: MLLOF; Frankfurt: MRDN) (“Gamma” or the “ Company”) is pleased to
announce that it has successfully renegotiated the terms of its existing promissory note (the
“Note”) with two US investors (the “Lenders”) , providing the Company with enhanced flexibility
and reinforcing the strong, cooperative relationship between the parties.
Under the revised terms, Gamma has agreed to a modified repayment schedule designed to
better align with the Company’s business plan and upcoming uranium asset development
initiatives. This updated framework is expected to provide a balanced solution offering repayment
certainty for the Lenders while giving Gamma the flexibility to raise capital, advance its projects,
and create long-term value for all stakeholders.
In addition, the Lenders have indicated a willingness to consider converting of a portion of the
Note into equity at appropriate times in the future, further demonstrating their confidence in
Gamma and its long-term growth potential. Importantly, the Lenders have reaffirmed their support
for Gamma and its stakeholders, expressing their commitment to working cooperatively with
management to advance the Company and its new initiatives.
Gabriel Alonso-Mendoza, President and CEO of Gamma Resources, commented, “We are very
pleased to have reached amended terms that provide Gamma with the flexibility needed to
advance our uranium asset development plans while remaining committed to meeting o ur
obligations. These changes come at a pivotal time, as we focus on unlocking the potential of our
portfolio and positioning the Company for growth amid a uranium market supported by strong,
long-term fundamentals. We greatly appreciate the continued conf idence and support of our
Lenders, as we work together to create lasting value for all stakeholders.”
Summary of the Revised Note
The Note was originally issued on August 2, 2022, in the principal amount of US$1,150,000,
bearing interest at 5%, and included an original issue discount of US$150,000, resulting in net
proceeds to the Company of US$975,000. The current outstanding balanc e of the Note is
US$1,106,641.
1. Immediate Good-Faith Payments
● C$200,000 cash payment upon closing of Gamma’s first equity financing tranche. (Paid)
● C$100,000 cash payment upon closing of the second equity financing tranche.
2. Revised Repayment Schedule
● C$250,000 by December 31, 2025.
● C$250,000 by March 31, 2026.
● C$350,000 by June 30, 2026.
● C$350,000 by September 30, 2026.
(Note: these represent outside dates; Gamma may settle earlier if circumstances allow.)
Gamma’s long-term approach to resolving this legacy facility is underpinned by its diversified
asset base and strategy to responsibly advance its portfolio. The Company’s current assets
include cash on hand, lease -to-acquire agreements covering two advance d-stage uranium
projects in Utah and New Mexico, its proprietary rare earths processing technology, equity and
royalty interests in ACDC Metals Ltd. (ASX: ADC), and other potential sources of value under
review. Collectively, these provide Gamma with a range of options to meet its obligations, support
ongoing operations, and unlock future growth opportunities.
About Uranium and Nuclear Energy
Uranium and nuclear energy are central to U.S. strategic, environmental, and economic
objectives.1 As global demand for decarbonized, reliable baseload power increases and as the
U.S. seeks to reduce dependence on foreign suppliers for critical inputs in the nuclear fuel cycle
domestic uranium supply, mining, conversion, enrichment, and fuel fabricatio n have become
matters of national priority.2 Government policies and recent legislation have aimed at bolstering
the domestic nuclear industrial base, expanding uranium reserves, and streamlining regulatory
paths for advanced reactors.3
For Gamma, this environment presents an aligned opportunity. Gamma’s uranium -focused
projects, growing asset base, and strategic positioning give it the potential to contribute
meaningfully to U.S. and allied energy supply security. The company’s lease -to-acquire
agreements on uranium assets, combined with its equity interests in the REE sector via ACDC
Metals, enable Gamma to benefit from rising demand for clean, secure energy sources—all while
aligning with broader U.S. policy goals around energy sovereignty, carbon reduction, and supply
chain resilience.
About Gamma’s Uranium Projects
As part of its long-term growth strategy, Gamma is advancing a portfolio of uranium projects in
the United States, providing exposure to high-potential districts and aligning the Company with
U.S. energy security and clean power objectives. Gamma is looking forward to beginning
exploration work in the last quarter of 2025.
Green River Uranium Project – Utah
The Green River Project, located in Emery County’s San Rafael Mining District, consists of 41
unpatented lode mining claims targeting uranium mineralization within the Salt Wash member of
the Morrison Formation. Situated just 11 km from the Maverick Minera ls uranium/vanadium
1 https://www.energy.gov/articles/restoring-americas-competitive-nuclear-energy-advantage
2 https://www.eia.gov/todayinenergy/detail.php?id=64444
3 https://www.whitecase.com/insight-alert/government-initiatives-fueling-nuclear-energy-growth-united-states
processing plant and adjacent to Western Uranium & Vanadium Corp’s San Rafael Project, the
area is surrounded by notable deposits such as Deep Gold, Down Yonder, 4484 Deposit, North
Deposit, and Jackrabbit, which collectively host significant historical resources. Additionally, three
nearby mines — Snow, Lucky, and Probe — produced approximately 1,000,000 lbs of U ₃O₈
between 1973 and 1982. While mineralization on adjacent properties may not be indicative of
results at Green River, the claims are royalty -free and benefit from existing exploration
infrastructure and data, with geology supportive of potential ISR development.
Mesa Arc Uranium Project – New Mexico
The Mesa Arc Project, located in northern New Mexico, now encompasses 226 federal lode
mining claims following Gamma’s recent staking of an additional 185 claims. The district has a
well-documented history of uranium production and mineralization, with pri or drilling confirming
uranium-bearing zones. In 2006, Magnum Uranium Corp. completed an internal, non -NI 43-101
compliant resource estimate indicating 2.5 to 3.0 million pounds of U ₃O₈ on the project claims.
With potential for strike and down-dip extensions remaining open.4
About Gamma’s Rare Earths Processing Technology
Gamma Resources, through its wholly owned subsidiary Medallion Resources, owns the
Medallion Monazite Process (MMP), a proprietary, technology designed to extract rare earth
elements (REEs) from monazite, a by -product of heavy mineral sand mining. The proc ess
provides a sustainable alternative to conventional extraction methods, producing a high -value
mixed rare earth concentrate with minimal environmental impact.
Gamma has licensed this technology to ACDC Metals Ltd. (ASX:ADC) which holds monazite rich
heavy mineral sand properties in Victoria, Australia. Gamma received an initial 4.8 million ACDC
4 The historical mineral resource estimates quoted for the Mesa Arc Project are sourced from internal resource calculations per formed by Magnum
Uranium Corp. on 6/30/2006. Grade -thickness maps were published and a 'Thiessen Polygon Method' was used to calcul ate the resource estimates.
There was no supporting technical report published with the resource calculation.
Data from summary logs of each drill hole giving the depth, thickness and grade of theintercept, was incorporated into a spreadsheet. All uranium grades
were given in Ueq(equivalent uranium as determined by down -hole probe). A disequilibrium ratio of Ueq x 1.29 -0.001 was used to estimate the true
grade. The true grade x thickness value was then assigned to each polygon. These intercepts were added and a volume was calcu lated for each hole
based on the area x thickness. A tonnage factor of 16 was used in th e calculation based on the average density of sandstone. A tonnage was assigned
to each polygon (cubic feet of a polygon/16 tons), then the pounds of U3O8 for each polygon was determined. Cut off grade in the calculations was .02
Ueq.
The historical mineral resource estimates for the nearby deposits held by third parties near the Green River Project use indi cated and inferred mineral
resource categories and are believed to have the same meaning per those resource categories set out in sections 1.2 and 1.3 of the NI 43-101 Standards
of Disclosure for Mineral Projects.
Select historic drill holes shall be twinned to verify grade. Any historic holes remaining open could be probed to verify gra de.
The above information was derived from historical information that has not been verified or confirmed by a Qualified Person ( as defined below). Such
information will be used to assist the Company in plans for ongoing work on the properties, but the reader is cautioned that results may not be repeated.
No Qualified Person has done sufficient work to classify the historical estimates as current mineral resources or mineral res erves and the Company is
not treating the historical estimates as current mineral resources or mineral reserves.
Management cautions that past results on adjacent properties are not necessarily indicative of the results that may be achiev ed on the Projects being
acquired.
Metals shares, with the potential to increase its holding to approximately 8.05 million shares
through performance milestones tied to pilot plant completion and commercial production.
Qualified Person
Mr. Mark Saxon (FAusIMM, MAIG) a “qualified person” for the purposes of National Instrument
43-101 – Standards of Disclosure for Mineral Projects (a “Qualified Person”) and a director of the
Company has reviewed and approved the scientific and technical disclosure in the news release.
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 polic y 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 PUR ELY 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.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.