Gamma Resources Ltd. reports news tied to its U.S.-focused uranium exploration portfolio, including the Green River Project in Utah and the Mesa Arc Project in New Mexico. Company updates cover project agreements, exploration planning, permitting, field programs and land-position matters related to its uranium assets.
Gamma's news also includes public-company developments such as OTCQB trading under GAMXF, TSX Venture Exchange reporting status, warrant and capital-structure activity, and governance changes supporting its exploration-stage operations.
Gamma Resources (GAMXF) closed the second and final tranche of its non-brokered private placement, bringing aggregate gross proceeds to $1,750,000. The offering comprised 21,875,000 units at $0.08 each; the final tranche issued 10,968,750 units for $877,500. Each unit contains one common share and one non-transferable warrant to buy another share at $0.12 for 36 months following closing.
Second-tranche finders' fees include $7,770 cash and 97,125 warrants exercisable at $0.08 for 24 months following closing. Insiders participated for 1,562,500 shares. Completion of the second tranche remains subject to TSX Venture Exchange acceptance. Gamma plans to use the financing to continue exploration at Mesa Arc in New Mexico and Green River in Utah, alongside working capital and corporate purposes. All issued securities carry a four-month plus one day hold period from closing.
Gamma Resources (GAMXF) received TSX Venture Exchange consent to extend the final closing date of its non-brokered private placement, and now expects to close the last tranche on or before September 30, 2026.
The placement comprises up to 21,875,000 units at $0.08 per unit for gross proceeds of up to $1,750,000. Each unit includes one common share and one non-transferable warrant, exercisable at $0.12 for 36 months from the closing date. Completion of the first and final tranches remains subject to TSX Venture Exchange acceptance. Directors are expected to participate in the second tranche under MI 61-101 exemptions. Securities will carry a four‑month plus one day hold period and will not be registered under U.S. securities laws.
Gamma Resources (OTCQB:GAMXF) increased its non-brokered private placement to gross proceeds of up to $1,750,000, from prior targets of $880,000 and then $1,500,000. The financing consists of up to 21,875,000 units at $0.08 per unit, each unit containing one common share and one non-transferable warrant.
According to Gamma, it closed a first tranche of $872,500 by issuing 10,906,250 units. Each warrant is exercisable at $0.12 for 36 months (first tranche warrants until August 28, 2029). Finders received $8,225 in cash and 102,813 finder warrants exercisable at $0.08 for 24 months. A second tranche is anticipated, with directors expected to participate, and both tranches remain subject to TSX Venture Exchange acceptance. Net proceeds are planned for exploration at the Mesa Arc (New Mexico) and Green River (Utah) uranium projects and for working capital.
Gamma Resources (OTCQB:GAMXF) increased its previously announced non-brokered private placement from up to $880,000 to up to $1,500,000. The financing will comprise up to 18,750,000 units at $0.08 per unit, each unit containing one common share and one non-transferable warrant. Each warrant allows the purchase of one additional share at $0.12 for 36 months after closing. The company plans to close the first tranche shortly, with both tranches subject to TSX Venture Exchange acceptance. All securities will carry a four‑month plus one‑day hold period under applicable securities laws.
Gamma Resources (OTCQB:GAMXF) plans a non-brokered private placement of up to 11,000,000 units at $0.08 per unit for gross proceeds of up to $880,000. Each unit will include one common share and one full warrant exercisable at $0.12 for 36 months, with all securities subject to a four-month-and-one-day hold period, so no freely tradeable stock is created at closing.
The new financing replaces and fully cancels the previously announced LIFE financing and concurrent placement of up to 28,500,000 units for approximately $2.85 million, under which no securities were issued. According to Gamma, the revised structure reduces the maximum number of shares issuable by more than 60%, offers full warrant coverage versus a half warrant previously, and lowers the warrant exercise price from $0.15 to $0.12.
Insiders are expected to participate on the same terms, and the company may pay finder’s fees of up to 7% in cash and 7% in finder’s warrants priced at $0.08, subject to TSX Venture Exchange approval. Net proceeds are intended to advance exploration at the Mesa Arc Project in New Mexico (4,520 acres) and the Green River Project in Utah (1,100 acres), including claim expansion, surveys and prospecting, as well as for working capital and corporate purposes.
Gamma Resources (TSXV:GAMA, OTCQB:GAMXF) announced a non-brokered private placement comprising a Listed Issuer Financing Exemption offering of up to 21,000,000 LIFE Units at $0.10 for gross proceeds of up to $2,100,000 and a Concurrent Financing of up to 7,500,000 Units at $0.10 for up to $750,000.
Each LIFE Unit includes one common share and one-half warrant; LIFE Warrants are exercisable at $0.15 for 36 months starting 60 days after closing and are expected to be freely tradeable in Canada (with certain TSXV-related exceptions). Each Concurrent Financing Unit includes one share and one warrant at $0.15 for 36 months, subject to a four-month-and-one-day hold.
According to Gamma, net proceeds will fund exploration at the Mesa Arc (New Mexico) and Green River (Utah) uranium projects and general working capital. Closing, expected on or about August 29, 2026, requires TSXV and regulatory approvals, a minimum combined raise of $1,500,000, and may include finder’s fees of up to 7% in cash and 7% in Finder’s Warrants. Insiders may participate under MI 61-101 exemptions.
Gamma Resources (OTCQB:GAMXF, TSXV:GAMA) has settled the remaining balance of its outstanding convertible promissory notes using cash and equity with certain noteholders. The company will issue 1,831,500 shares at $0.15 and 1,831,500 warrants to settle $274,725 of debt, plus cash payments of $375,000 and $248,926.34 (the latter within 30 days of TSX Venture approval). Management states that resolving legacy debt supports exploration planning and 2026–2027 field programs.
Gamma Resources (OTCQB:GAMXF) will hold its annual general meeting on August 12, 2026. The company plans to release a management information circular with full Meeting details on its website and on SEDAR+ in the coming days.
Gamma Resources (OTCQB:GAMXF) received $604,500 from the exercise of 4,030,000 warrants at $0.15 under its warrant incentive program, completed May 14, 2026. The company issued 4,030,000 common shares and 4,030,000 incentive warrants, each exercisable at $0.15 for three years from June 3, 2026.
Gamma plans to use proceeds for exploration and working capital. Insider participation totaled 1,890,000 warrants, relying on MI 61-101 exemptions. Incentive warrants and underlying shares are subject to a hold period until October 4, 2026.
Gamma Resources (OTCQB:GAMXF) obtained TSX Venture Exchange approval for an April 14, 2026 amending agreement that revises payment terms for its U.S. uranium portfolio lease. Several scheduled cash payments are now complete, with US$680,000 remaining outstanding plus 1,000,000 common shares to be issued.
The amended schedule is intended to better align cash commitments with Gamma's capital allocation while it advances exploration at the Mesa Arc (New Mexico) and Green River (Utah) uranium projects.