Gamma Resources Adopts Semi-Annual Financial Reporting

Rhea-AI Summary

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.

Positive

• Reduces interim reporting burden by eliminating Q1 and Q3 filings
• Maintains audited annual statements due within 120 days of fiscal year end
• Keeps six-month interim reports due within 60 days of September 30

Negative

• Less frequent interim disclosure may increase information lag for investors
• Reduced quarterly MD&A removes two regular investor updates each year

News Market Reaction – GAMXF

-14.45%

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In the Apr 10 session, GAMXF declined 14.45%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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VANCOUVER, BC / ACCESS Newswire / April 10, 2026 / Gamma Resources Ltd. (TSX-V:GAMA)(OTCQB:GAMXF)(FRA:MRD0) ("Gamma" or the "Company") is pleased to announce that it has elected to rely on Coordinated Blanket Order 51-933 and move to semi-annual financial reporting ("SAR").

Coordinated Blanket Order 51-933 allows eligible venture issuers listed on the TSX Venture Exchange (the "TSXV") to voluntarily move from a quarterly to a semi-annual financial reporting framework. The Company's fiscal year ends on March 31. Under the SAR pilot program, the Company will be exempt from filing interim financial reports and related Management's Discussion & Analysis (MD&A) for its first and third quarters.

Interim Period: The Company will not file an interim report for the first quarter (Q1) ending June 30 and the third quarter (Q3) ending December 31; and

Ongoing Reporting: The Company will continue to file audited financial statements (due within 120 days of March 31) and six-month interim financial reports (due within 60 days of September 30).

The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record.

This news release is being filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

About Gamma Resources Ltd.

Gamma Resources Ltd. is a U.S.-focused uranium exploration and development company advancing high-quality assets in the Mountain West region. The Company's portfolio includes the Green River Project in Utah, comprising 1,100 acres near prominent regional producers, and the Mesa Arc Project in New Mexico, a strategic land position now totaling 4,520 acres that includes historic uranium resources in the Chama Basin. Management believes the Company is uniquely positioned to benefit from the unprecedented policy and market tailwinds reshaping the U.S. nuclear landscape, and help meet this demand with responsibly sourced, U.S.-based uranium supply.

For Further Information

Mr. Gabriel Alonso-Mendoza, President and CEO
Email: gabriel@gammaresourcesltd.com
Tel: (833) 854-6826
www.gammaresourcesltd.com

Forward-looking Statements

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements made in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

SOURCE: Gamma Resources LTD

View the original press release on ACCESS Newswire

FAQ

What does Gamma Resources (GAMXF) changing to semi-annual reporting mean for shareholders?

It means Gamma will no longer file interim reports for Q1 and Q3, reducing reporting frequency. According to the company, annual audited statements and six-month interim reports remain, preserving core financial transparency while shortening quarterly disclosure cadence.

Which quarterly reports will Gamma Resources (GAMXF) stop filing after April 10, 2026?

Gamma will not file interim reports and related MD&A for Q1 (ending June 30) and Q3 (ending December 31). According to the company, six-month and annual audited filings continue under the SAR pilot.

When will Gamma Resources (GAMXF) file its annual and six-month financial statements under SAR?

Annual audited financial statements are due within 120 days of the March 31 fiscal year end; six-month interim reports are due within 60 days of September 30. According to the company, those deadlines remain unchanged under SAR.

Why is Gamma Resources (GAMXF) eligible for the semi-annual reporting pilot program?

Gamma meets the pilot criteria by being a venture issuer with annual revenues below $10 million and a clean 12-month continuous disclosure record. According to the company, these conditions satisfy Coordinated Blanket Order 51-933 requirements.

How might Gamma Resources' (GAMXF) move to semi-annual reporting affect investor monitoring?

Investors will receive fewer interim disclosures, which could slow access to quarter-to-quarter operational updates. According to the company, mandatory six-month and annual filings remain to provide periodic verified financial information.

Where can investors find Gamma Resources (GAMXF) financial reports after adopting semi-annual reporting?

Investors should consult the company's ongoing six-month interim reports and annual audited statements for financials and MD&A. According to the company, Q1 and Q3 interim reports will no longer be filed under the SAR pilot.