Northwire Canada EditionSaturday, October 31, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings

Sama Resources sells remaining 15.18M shares of Falcon

By The Northwire Desk — AI Analysis Mar 20, 2026 · 16:41 FLCN · 0.65 Falcon Energy Materials PLC
FLCN · Price

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."
Read the original news release →

More from Falcon Energy Materials PLC

Sep 24, 2026 · 08:00

Falcon raised C$34.2 million to acquire a stake in a Chinese anode producer and fund its Morocco plant construction.

Financings Sep 24, 2026 · 07:00

Falcon closes a $34.2m placement while advancing its china stake and morocco plant.

Financings Sep 21, 2026 · 07:00

Falcon upsizes its Morocco anode financing to C$34.2 million following strong institutional demand for the project.

Financings Sep 09, 2026 · 07:45

Falcon commits c$30m to acquire a chinese anode business and expand its morocco growth projects.

Financings Jul 09, 2026 · 07:00

Falcon opens its Morocco pilot plant, marking a transition to operational execution as CSPG samples are prepared for processing.

Production / Operations Apr 09, 2026 · 07:01

Falcon lands $70 M non‑dilutive financing to fast‑track Morocco anode plant

Financings