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 (OTCQB:GAMXF) appointed Connor Messler as President effective May 7, 2026. Messler has over 15 years in exploration and project management, most recently as Exploration Manager at Titan Mining, credited with discovering and delineating the Kilbourne Graphite Deposit.
He will lead exploration strategy for Gamma's U.S. uranium portfolio, including Green River, Utah, and Mesa Arc, New Mexico, and focus on project development and stakeholder engagement.
Gamma Resources (OTCQB:GAMXF) launched a Warrant Incentive Program effective April 16, 2026 through May 14, 2026 to encourage exercise of up to 9,250,000 existing warrants. Each exercised warrant will receive one additional three-year Incentive Warrant exercisable at $0.15 per share.
Eligible warrants were issued June 26, 2024 (8,200,000) and October 8, 2024 (1,050,000). Proceeds are planned for general working capital and exploration. Incentive Warrants and resulting shares carry a four-month-and-one-day hold period. The program is subject to regulatory approvals; insiders may participate under MI 61-101 exemptions.
Gamma Resources (OTCQB:GAMXF) amended payment terms for its U.S. uranium portfolio lease, replacing a previously scheduled lump-sum with staged cash payments and a share issuance to preserve liquidity and retain asset rights.
Gamma will pay US$20,000 by Apr 14, 2026; US$50,000 by May 14, 2026; US$50,000 by Jun 14, 2026; US$180,000 by Jul 14, 2026; and issue 1,000,000 common shares subject to TSX Venture Exchange approval and a four-month-and-one-day hold period.
Gamma said the revision aligns near-term cash commitments with its capital allocation while it advances exploration at Mesa Arc Project (New Mexico) and Green River Project (Utah).
Gamma Resources (OTCQB:GAMXF) elected to adopt semi-annual financial reporting under Coordinated Blanket Order 51-933, effective for its fiscal year ending March 31. The company will be exempt from filing interim financial reports and MD&A for Q1 (ending June 30) and Q3 (ending December 31).
Gamma will continue to file audited annual financial statements within 120 days of March 31 and six-month interim financial reports within 60 days of September 30. The company confirms it meets eligibility criteria including annual revenues under $10 million and a clean 12-month continuous disclosure record.
Gamma Resources (OTCQB:GAMXF) has started a high-resolution aerial photogrammetry survey at its Green River Project in Utah, announced April 2, 2026. The survey will produce topographic data, orthophotography and 3D terrain models to support geological mapping, locate historical boreholes and refine exploration targets.
The company says the results will guide planning for future drilling and complement ongoing New Mexico work.
Gamma Resources (OTCQB:GAMXF) announced a definitive debt settlement agreement dated March 19, 2026, to fully settle outstanding convertible promissory notes via cash and equity.
The company will issue 1,831,500 common shares and 1,831,500 warrants (C$0.15, 36 months) and pay C$623,926.34 within 30 days of TSXV approval. Additionally, 5,500,000 existing warrants will be exercised for aggregate gross proceeds of C$825,000, including 3,000,000 exercised by management. Holder ownership is capped at 9.99%. Transaction is subject to TSX Venture Exchange approval.
Gamma Resources (OTCQB:GAMXF) engaged SWCA Environmental Consultants to perform a Class III cultural resource survey and archaeological investigation for its proposed Mesa Arc drill program in New Mexico.
The study is a regulatory requirement for U.S. Forest Service lands and will support Gamma's plan to test mineralization with approximately 10–12 exploration holes at four locations to depths near 350 feet. The company said the work advances baseline studies needed before drill testing.
Gamma Resources (TSXV:GAMA; OTCQB:GAMXF) announced that its common shares began trading on the OTCQB Venture Market effective March 11, 2026, while continuing on the TSX Venture Exchange under GAMA. The move is intended to increase U.S. investor access, visibility and trading convenience, potentially enhancing liquidity and reach.
The company noted the OTCQB requires current reporting and annual verification; investors can find real-time quotes on otcmarkets.com.