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

Sama Resources Inc. announced the complete disposition of its shareholding in Falcon Energy Materials plc, selling 15,180,377 common shares at C$0.65 per share for gross proceeds of C$9,867,245 through a negotiated cross transaction on the TSX Venture Exchange. The sale reduces Sama's ownership in Falcon from approximately 8.9% to zero, marking the end of what was previously a significant strategic investment position.

The disposition comes after Sama's ownership was diluted from 11.8% to 8.9% following Falcon's non-brokered private placement in February 2026, in which Sama elected not to participate. Management characterized the sale as a disciplined capital allocation decision undertaken for portfolio management purposes, with no present intention to reacquire Falcon securities.

For Sama Resources, the transaction represents a strategic pivot toward focusing capital on its core West African assets. CEO Dr. Marc-Antoine Audet indicated the proceeds will strengthen the company's balance sheet and enhance financial flexibility to advance exploration and development initiatives, particularly the flagship Samapleu nickel-copper project in Côte d'Ivoire. This project, held in joint venture with Ivanhoe Electric (40% Sama, 60% Ivanhoe Electric), is strategically positioned adjacent to world-class nickel-cobalt laterite deposits.

The timing of this divestiture aligns with broader portfolio optimization trends in the junior mining sector, where companies are concentrating resources on their highest-priority assets amid ongoing capital constraints. For Sama, this capital reallocation supports continued development of what management views as a potentially significant base metals camp in West Africa, leveraging proximity to established world-class deposits in the region.