Gamma Resources Closes $1,320,000 Private Placement
Gamma Resources Closes $1,320,000 Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
VANCOUVER, British Columbia, October 9, 2025 – Gamma Resources Ltd. (TSX-V: GAMA;
OTCPK: MLLOF; Frankfurt: MRDN) (“Gamma” or the “Company”) is pleased to announce the
closing of the second and final tranche of its non -brokered private placement (the “Private
Placement”) for gross proceeds of $668,940. Further to the Company’s news releases of August
25, September 5 and September 30, 2025, the company has raised aggregate gross proceeds of
$1,320,000 in the offering.
The Private Placement consists of 11,000,000 units (each a “Unit”) at a purchase price of $0.12
per Unit. Each Unit consist s 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 Pr ivate Placement
(the “Closing Date”). In connection with the clo sing of the final tranche, the Company issued
5,574,500 Units for gross proceeds of $668,940. No finders’ fees are payable with respect to the
second tranche.
Insiders of the company have participated in the second tranche for an aggregate of 307,834
shares. Such participation in the second tranche is considered to be a related party transaction
as defined in Multilateral Instrument 61 -101 -- Protection of Minority Security Holders in Special
Transactions. The offering will be exempt from the formal valuation and minority shareholder
approval requirements of 61-101 as neither the fair market value of the securities issued to related
parties nor the consideration for such securities will exceed 25 per cent of the company's market
capitalization.
The completion of the second tranche of the Private Placement is subject to the acceptance of
the TSX Venture Exchange.
Gabriel Alonso Mendoza, CEO and Director of Gamma, commented ,
“We are grateful for the support from our existing shareholders and pleased to welcome new
strategic investors to the Company as well. This financing will enable us to fund the first phases
of work on our recently acquired uranium properties in Utah and New Mexico, while continuing to
advance our proprietary rare -earth extraction technology licensed to ACDC Metals in Australia.
With a strengthened balance sheet and growing momentum across our portfolio and the nuclear
energy space, particularly in the U.S., we believe the future looks bright for Gamma Resources.”
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 Uranium
In March 2025, President Trump issued Executive Order 14156 formally designating uranium as
a U.S. critical mineral.1This 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 HALEU supply chains for next -generation
reactors2.
Meanwhile, the uranium market is facing a historic supply –demand imbalance. 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 over US $80.00/lb as
of October 20253, while long-term contracts and forward ceilings continue rising as utilities secure
supply.4 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.5 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.
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
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 UxC U3O8 Daily Spot Price based on 10/7/2025
4 Sprott: Uranium’s Mid-Year Momentum (June 2025 pricing and equity data)
https://sprott.com/insights/uranium-s-mid-year-momentum/
5 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/
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 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.