Sama Resources sells remaining 15.18M shares of Falcon

Executive Summary

• Sama Resources Inc. sold its entire remaining stake in Falcon Energy Materials PLC, disposing of 15,180,377 common shares for aggregate proceeds of $9,867,245.
• The transaction was executed via a negotiated cross transaction on the TSX Venture Exchange at a price of 65 cents per share.
• Proceeds from the sale will be used to strengthen Sama's balance sheet and fund core exploration and development initiatives, specifically the Samapleu nickel-copper projects in West Africa.

Key Details

• Transaction Type: Sale of all remaining common shares in Falcon Energy Materials PLC (TSXV: FLCN, OTCQB: FLCNF).
• Shares Sold: 15,180,377 common shares.
• Sale Price: $0.65 per share.
• Aggregate Proceeds: $9,867,245.
• Execution Method: Negotiated cross transaction on the TSX Venture Exchange.
• Pre-Transaction Holding: 15,180,377 shares (approx. 8.9% of issued and outstanding shares), resulting from dilution during Falcon's non-brokered private placement announced Feb. 20, 2026.
• Post-Transaction Holding: Nil shares (0% ownership).
• Use of Proceeds: Strengthening balance sheet, enhancing financial flexibility, and advancing core exploration/development initiatives, including the flagship nickel-copper projects in West Africa.
• Strategic Intent: Portfolio management; no present intention to acquire securities of Falcon.
• Regulatory Filing: Early warning report filed on SEDAR+ under Falcon's issuer profile in accordance with National Instrument 62-103.

Notable Quotes

• Dr. Marc-Antoine Audet, President and CEO of Sama Resources: "The monetization of our Falcon Energy share position represents a disciplined capital allocation decision that strengthens Sama's balance sheet and enhances financial flexibility. The proceeds will support the advancement of our core exploration and development initiatives, including our flagship nickel-copper projects in West Africa."