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Gamma Resources Initiates U.S. Uranium Projects in Utah and New Mexico

Story Highlights
  • Gamma Resources starts work on its U.S. uranium projects in Utah and New Mexico.
  • The company aims to advance its uranium portfolio with resource estimation and drilling plans.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Gamma Resources Initiates U.S. Uranium Projects in Utah and New Mexico

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Medallion Resources ( (TSE:GAMA) ) just unveiled an announcement.

Gamma Resources Ltd., a company focused on uranium exploration, has commenced work programs at its Green River Uranium Project in Utah and Mesa Arc Uranium Project in New Mexico. These initiatives mark the company’s first major steps in advancing its U.S. uranium portfolio, with the aim of resource estimation, permitting, and drilling. The Green River project involves an airborne survey to identify historic boreholes, while the Mesa Arc project plans a 20-hole drill program targeting the Todilto Formation. These efforts are part of Gamma’s strategy to define resources, build technical confidence, and expand its uranium footprint in North America, contributing to a secure domestic uranium supply.

More about Medallion Resources

Average Trading Volume: 35,208

Technical Sentiment Signal: Sell

Current Market Cap: C$2.61M

For a thorough assessment of GAMA stock, go to TipRanks’ Stock Analysis page.

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