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GAMMA RESOURCES Announces increase in private placement to $1,300,000
Thenewswireยท2025-09-30 21:00

Group 1 - GAMMA Resources Ltd has increased its non-brokered private placement from gross proceeds of up to $1,000,000 to $1,300,000 [1][2] - The first tranche of the private placement closed on September 5, 2025, raising gross proceeds of $651,060 [1] - A second tranche is anticipated to close on or before October 7, 2025, pending acceptance by the TSX Venture Exchange [1] Group 2 - The private placement will consist of up to 11,000,000 units priced at $0.12 per unit, each unit comprising one common share and one warrant [2] - Each warrant allows the holder to acquire an additional common share at an exercise price of $0.18 for 36 months following the closing date [2] Group 3 - The financing will support GAMMA's investments in uranium properties in Utah and New Mexico and advance its proprietary rare-earth element extraction process licensed to ACDC Metals Ltd in Australia [3] - All securities issued will be subject to a four-month hold period and are not registered under U.S. securities laws [3] Group 4 - GAMMA Resources Ltd focuses on uranium exploration and development in the U.S., with key projects including the Green River Project in Utah and the Mesa Arc Project in New Mexico [5] - The company aims to benefit from favorable policy and market conditions in the U.S. nuclear landscape, providing responsibly sourced uranium supply [5]