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Medallion Resources ( (TSE:GAMA) ) has issued an announcement.
Gamma Resources Ltd. announced a non-brokered private placement aiming to raise $1,000,000 through the issuance of 8,333,334 units at $0.12 per unit. This funding will support the company’s uranium property investments in Utah and New Mexico and further its proprietary rare-earth element extraction process licensed in Australia. The private placement is subject to TSX Venture Exchange approval, with securities issued under a four-month hold period.
More about Medallion Resources
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 and the Mesa Arc Project in New Mexico, positioning it to benefit from market and policy shifts in the U.S. nuclear landscape.
Average Trading Volume: 74,543
Technical Sentiment Signal: Sell
Current Market Cap: C$2.57M
For an in-depth examination of GAMA stock, go to TipRanks’ Overview page.