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.
• The transaction was executed via a negotiated cross transaction on the TSX Venture Exchange at a price of $0.65 per share.
• Total aggregate proceeds from the sale were $9,867,245, which the company intends to use for portfolio management and advancing core exploration initiatives.

Key Details

• Transaction Type: Disposition of all remaining 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.
• Pre-Transaction Holding: 15,180,377 shares, representing approximately 8.9% of Falcon's issued and outstanding common shares (diluted from 11.8% due to Falcon's non-brokered private placement on Feb. 20, 2026).
• Post-Transaction Holding: Nil shares (0% ownership).
• Execution Method: Negotiated cross transaction on the TSX Venture Exchange.
• Purpose: Portfolio management; proceeds to support core exploration and development initiatives, specifically the Samapleu nickel-copper project in West Africa.
• Regulatory Filing: Early warning report filed on SEDAR+ under Falcon's issuer profile in accordance with National Instrument 62-103.

Notable Quotes

• "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." — Dr. Marc-Antoine Audet, President and CEO of Sama Resources