Sama Resources Inc. Provides Early Warning Disclosure Regarding Disposition of All Shares Held in Falcon Energy Materials Plc

The most recent news (March 20, 2026) announces that Sama Resources has sold its entire remaining stake in Falcon Energy Materials Plc (formerly SRG Mining). Sama disposed of 15,180,377 shares at a price of C$0.65 per share via a negotiated cross transaction. This exit generated gross proceeds of C$9,867,245. Management stated the move was a disciplined capital allocation decision intended to strengthen the balance sheet and fund core exploration at its flagship nickel-copper projects in Côte d'Ivoire.

This is a Material - Positive development. - Liquidity Injection: As of September 30, 2025, Sama held only C$938,752 in cash. The C$9.87M proceeds represent a ~1,000% increase in cash reserves without issuing a single new share. - Non-Dilutive Funding: This allows the company to execute its 2026 regional exploration program (4,500m of drilling) and advance environmental/social baseline studies without resorting to a discounted private placement in a difficult junior mining market. - Strategic Focus: By exiting Falcon Energy, Sama removes exposure to the volatility of another junior's stock price (which had caused significant non-cash swings in Sama's income statement) and focuses entirely on its JV with Ivanhoe Electric. - Valuation Support: The sale price of C$0.65 per Falcon share is significant, as the carrying value of these shares had been a major component of Sama's book value.

Sama Resources is a Canadian mineral exploration company focused on the Samapleu-Grata Nickel-Copper Project in Côte d'Ivoire, West Africa. - Flagship Project: Samapleu-Grata (JV with Ivanhoe Electric). - 2024 PEA Highlights: 16-year mine life, Post-tax NPV (8%) of US$277M, and IRR of 22.3%. - Resource: Large-scale polymetallic mineralization including Nickel, Copper, Cobalt, Platinum, Palladium, and Gold. - Status: Advanced exploration/Pre-development.