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Other

Sama Resources sells remaining 15.18M shares of Falcon

By The Northwire Desk — AI Analysis Mar 20, 2026 · 16:41 SME · 0.07 Sama Resources Inc.
SME · Price

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
Read the original news release →

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