Core Viewpoint - Gamma Resources Ltd. has initiated significant work programs at its Green River Uranium Project in Utah and Mesa Arc Uranium Project in New Mexico, marking a pivotal step in advancing its U.S. uranium portfolio and preparing for resource estimation, permitting, and drilling initiatives [1][3]. Green River Uranium Project – Utah - The Green River Project consists of 41 royalty-free lode claims targeting uranium mineralization in the Salt Wash Member of the Morrison Formation, with historical deposits totaling 5.3 million lbs U₃O₈ and past production of 1 million lbs U₃O₈ [3][4]. - A technical field team has been mobilized to conduct a detailed airborne survey to identify historic boreholes and open collars for downhole gamma logging, with completion expected by the second week of December 2025 [4][5]. - The results from the airborne survey will help define targets for follow-up exploration and additional land acquisition during the first half of 2026 [5][6]. Mesa Arc Uranium Project – New Mexico - The Mesa Arc Project comprises 41 lode mining claims recently expanded by 185 new federal claims, covering approximately 4,520 acres, with historical uranium production and mineralization documented [7][10]. - A 20-hole (6,500 ft) drill program is planned to twin historic holes and test step-out targets, including the Todilto Formation, with permitting submissions to the U.S. Forest Service underway and drilling anticipated to begin in Q2 2026 [6][10]. - The Todilto Formation has a history of over 17 million lbs of U₃O₈ production since the late 1970s, yet has never been drilled on Gamma's ground [10]. Corporate Update - Gamma has engaged Departures Capital Inc. for investor communications and marketing advisory services for an initial term of twelve months at a fee of C$30,000 [11]. Industry Context - The U.S. government has designated uranium as a critical mineral, enabling federal agencies to fast-track permitting and prioritize uranium mining and related infrastructure [17]. - The uranium market is experiencing a historic supply-demand imbalance, with spot uranium prices recovering from lows near US $63/lb in early 2025 to over US $80.00/lb as of October 2025, driven by underinvestment and geopolitical trade tensions [18]. - Nuclear energy is increasingly recognized as a reliable, carbon-free energy source, prompting Western governments to invest in domestic fuel chains and advanced reactor technologies, positioning companies like Gamma favorably in the market [18].
Gamma Resources Commences Work Programs at U.S. Uranium Projects in Utah and New Mexico