Gamma Resources Announces Filing of NI 43-101 Technical Report for the Mesa Arc Project in New Mexico and Outlines Phased Exploration Program

Core Viewpoint - Gamma Resources Ltd. is advancing its Mesa Arc Project with the filing of an independent NI 43-101 Technical Report, which outlines a phased exploration program aimed at efficiently developing the asset and validating historical exploration results [1][5]. Technical Report Highlights - The Technical Report recommends a phased exploration program, pending necessary permits and regulatory approvals, to advance the Mesa Arc Project [1]. - The report was prepared by Hogrelius Geological Consultants and evaluates the project's geology, mineralization, historical exploration, and future potential [3]. - Historical exploration has confirmed uranium mineralization through over 900 drill holes by previous operators, providing a strong foundation for modern exploration [4]. - The targeted mineralized horizon is expected at depths of approximately 300 to 350 feet, allowing for cost-effective reverse-circulation drilling methods [4]. - The exploration strategy includes two phases: - Phase 1 involves validating historical drilling results with approximately 10 RC drill holes, with an estimated budget of US$300,000 [4]. - Phase 2 will include a passive seismic geophysical survey and follow-up drilling of approximately 20 holes, with an estimated budget of US$1.2 million [4]. Corporate Update - The company has amended the payment terms of its lease agreement with C Bar B Properties Corporation, deferring a payment of US$50,000 until April 14, 2026, and agreeing to pay US$300,000 at that time [6]. About the Mesa Arc Uranium Project - The Mesa Arc Project consists of 41 lode mining claims in northern New Mexico, recently expanded by 185 new federal claims, covering approximately 4,520 acres [8]. - Previous drilling has outlined a non-NI 43-101 historical estimate of 2.5–3.0 million lbs U₃O₈ [8]. About Uranium Industry - The U.S. uranium industry is experiencing strong tailwinds due to recent policy changes, including the designation of uranium as a critical mineral and federal initiatives to boost domestic uranium production [9][10]. - The uranium market is facing a structural supply-demand deficit, with spot prices recovering from US$63/lb to US$82.00/lb, driven by increased demand and reduced inventories [9]. - Nuclear energy is increasingly recognized as a reliable, carbon-free energy source, prompting investments in domestic fuel chains and advanced reactor technologies [9][10]. About Gamma Resources Ltd. - Gamma Resources Ltd. focuses on uranium exploration and development in the Mountain West region, with a portfolio that includes the Mesa Arc Project and the Green River Project in Utah [11]. - The company is positioned to benefit from favorable policy and market conditions in the U.S. nuclear landscape [11].