Annuncio • May 05
Sama Resources Inc., Annual General Meeting, Jun 29, 2026 Sama Resources Inc., Annual General Meeting, Jun 29, 2026. Location: quebec, mont royal Canada New Risk • Apr 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.1m (US$8.73m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$12.1m market cap, or US$8.73m). New Risk • Aug 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.62m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.62m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Jun 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$15.4m market cap, or US$11.3m). Annuncio • May 29
Sama Resources Inc. and Ivanhoe Electric Commence 2025 Exploration Program at the Polymetallic Samapleu-Grata Nickel-Copper Project in Cote d'Ivoire, West -Africa Sama Resources Inc. together with its joint venture partner Ivanhoe Electric Inc. announced that Infill drilling at the Grata Deposit aims to convert a part of the 2024 Mineral Resource Estimate containing nickel, copper, cobalt, platinum, palladium, and gold from Inferred Resources to higher confidence Indicated Resources. Resource expansion drilling to step out from the existing polymetallic mineralization at the Samapleu Main Deposit. The company believe that the Project, including the Samapleu and Grata Deposits, has the potential to grow into a world-class polymetallic mining district. The 2025 exploration program aims to further advance the Project following the March 2024 Preliminary Economic Assessment ("PEA") by upgrading Mineral Resource confidence, expanding the current Mineral Resource, and completing the environmental studies needed to support future mine permitting within the 2024 PEA Area. The 2024 PEA focused on only the Mineral Resources comprising the Samapleu Main, Samapleu Extension, Grata, and Sipilou Sud Laterite Deposits. It highlighted the potential for a large-scale, polymetallic, and conventional open-pit mining operation producing copper, nickel, cobalt, platinum, Palladium, and gold, over a 16-year mine life. The life-of-mine all-in sustaining cash costs are USD 6.13 per pound of nickel and USD 2.77 per pound of copper before by-product credits, and USD 4.34 per pound of nickel and US$2.17 per pound of copper after by-product credits, producing a pre-tax net present value ("NPV") of USD463 million and internal rate of return ("IRR") of 28.2% with a post-tax NPV of USD277 million and post-tax IRR of 22.3% at an 8% discount rate. An airborne versatile time-domain electromagnetic ("VTEM") geophysical survey completed in 2018 identified additional conductivity anomalies, similar to the Samapleu and GrATA Deposits. The regional exploration drill program includes 500 meters of drilling and will explore for the first time the Mossikro prospect, located 10 kilometers to the south-southwest of the PEA Area, with potential for high-grade and polymetallic sulfide mineralization coincident with a strong conductivity anomaly and in the same ultramafic intrusive geology hosting the Samapleu andGrata Deposits. SIMPAE, a Cote d'Ivoire-based environmental consulting firm, will lead the environmental and social studies within the PEA Area. SIMPAE will update previous studies at the Samapleu Deposit and complete studies at the Grata Deposit. The program will be completed to current national and international permitting standards to support the Project's permitting and future development. The Joint Venture maintains a strong commitment to community engagement and has undertaken a broad range of social initiatives to strengthen relationships with stakeholders and support the sustainable development of local communities. Several sanitation programs in villages near the Samapleu-Grata Nickel-Copper Project have been completed, supplying waste collection equipment and promoting environmental awareness. New Risk • May 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.46m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (75% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.46m). Annuncio • Apr 08
Sama Resources Inc., Annual General Meeting, Jun 06, 2025 Sama Resources Inc., Annual General Meeting, Jun 06, 2025. Location: quebec, mont royal Canada New Risk • Nov 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (46% accrual ratio). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$22.0m market cap, or US$15.7m). Annuncio • Apr 22
Sama Resources Inc., Annual General Meeting, Jun 20, 2024 Sama Resources Inc., Annual General Meeting, Jun 20, 2024. Annuncio • Jan 24
Sama Resources Inc. Announces Additional Nickel, Copper and Platinum Group of Element Results for 13 Drill Holes of the 2023'S 3,800 Metre Drilling Program At the Yepleu Prospect Sama Resources Inc. announced additional nickel, copper and platinum group of element results for 13 drill holes of the 2023's 3,800 metre drilling program at the Yepleu prospect located 25 km south-west of the Samapleu-Grata deposits in western Cote d'Ivoire, West-Africa. To follow-up on the January 9, 2024 press release reporting on assay results of drill holes S-336 to S-342, the company reporting assay results for an additional 10 drill holes (S-343 to S-352) drilled on a newly discovered, near surface zone of Ni, Cu and PGE mineralization. The discovered mineralised zone spans an area of 500 m by 400 m, open in all directions within a 500 m to 700 m wide north-west to south-east trending corridor of approximately three kilometres ("km"). Assays results from three additional holes, YE-47 to YE-49, are confirming a second new mineralised zone located at the northwest end of the corridor and approximately 2.5 km from holes S-332 to S-351. Assays results for holes YE-38 to YE-46 and YE-50 to YE-55 are pending. Annuncio • Jan 10
Sama Resources Inc. Announces Assay Results for 7 Holes Return Up to 1.58% Nickel At the Yepleu Prospect, Côte D'ivoire, West-Africa Sama Resources Inc. announced additional nickel ("Ni"), copper ("Cu") and platinum group of element ("PGE") semi-massive and massive sulphide drilling intersections in the 3,800 metre ("m") drilling program at the Yepleu prospect located 25 km south-west of the Samapleu-Grata deposits in western Côte d'Ivoire, West-Africa. On the October 17, 2023 reported partial assay results of holes S-332 to S-342, are reporting assay results for 7 holes (S-336 to S-342) drilled on a newly discovered, near surface, nickel ("Ni"), copper ("Cu") and Platinoid Group Elements ("PGE") showing mineralization over an area of 500 metres ("m") by 400 m, open in all directions within a corridor of approximately three kilometres ("km") oriented north-west to south-east by 500 m to 700 m wide. There is a very good correlation between the strong conductivity seen in the 2013 and 2018 airborne electromagnetic surveys and the mineralized magmatic pyroxenite. Thirty-one holes totaling 2,487 m have been drilled to date. Drilling is being conducted using two Sama owned core drill rigs. The target zone is sub-horizontal with a slight dip of 10 to 15 degrees toward the south-west. All holes were drilled vertically. In June 2023, the Company announced a revised mineral resource estimate for the Samapleu-Grata deposits, a combined estimate of 101.9 million tonnes ("Mt") averaging 0.25% Ni for 558.6 million pounds ("Mlbs") of Ni metal, 0.23% Cu for 526.8 Mlbs of Cu metal, 0.01% Co for 33.4 Mlbs of cobalt ("Co") metal, 0.29 g/t Pd for 939,400 ounces of palladium ("Pd") and 0.1 g/t Pt for 311,400 ounces of platinum ("Pt"), and 14.99 Mt averaging 0.25% Ni for 81.6 Mlbs of Ni metal, 0.22% Cu for 72.9 Mlbs of Cu metal, 0.02% Co for 5.5 Mlbs of Co metal, 0.31 g/t Pd for 149,400 ounces of Pd and 0.1 g/t Pt for 49,500 ounces of Pt for the Inferred and Indicated categories respectively. The Samapleu-Grata-Yepleu mineralization is signature of a layered, pipe-like intrusion or conduit-hosted nickel deposits. These rare types of intrusions host the world's large Ni-Cu deposits such as Jinchuan, Voisey's Bay, Kabanga, Eagle, Eagle Nest and N'komati. Sama discovered the Ni-Cu-PGE mineralization when it discovered the Yacouba layered complex of mafic and ultramafic rock. This layered complex was created approximately 2.1 billion years ago by the intrusion of magma through the Man Shield. The Yacouba complex can be traced over a strike length of more than 30 kilometers within Sama's properties in Côte d'Ivoire. Annuncio • Oct 19
Sama Resources Launches 3,800 Metre Drilling Program At the Yepleu Nickel-Copper Prospect in Côte D'ivoire, West-Africa Sama Resources Inc. announced an ongoing 3,800 metre ("m") drilling program at the Yepleu prospect located 25 km south-west of the Samapleu-Grata deposits in western Côte d'Ivoire, West- Africa. The current drilling program is following-up on near surface nickel ("Ni"), copper ("Cu") and platinum group of elements ("PGE") mineralisation previously discovered by Sama. The investigated area represents a corridor of approximately three kilometres ("km") oriented north-west to south-east by 500 m to 700 m wide (Figures 1 & 2) and overlays strong conductivity from company's 2013 and 2018 airborne electromagnetic surveys. The drilling program started in mid-September 2023 and is expected to last until mid-November. The objective of the current drilling program is to delineate near surface Ni-Cu-PGE mineralisation that has the potential to increase the global mineral resources of the entire project area. Eighteen holes totaling 1,200 m have been drilled to date, a total of 50 holes and 3,800 metres are planned. Drilling is being conducted using two Sama owned core drill rigs. Assays results are pending. In June 2023, the Company announced a revised mineral resource estimate for the Samapleu-Grata deposits, a combined estimate of 101.9 million tonnes ("Mt") averaging 0.25% Ni for 558.6 million pounds ("Mlbs") of Ni metal, 0.23% Cu for 526.8 Mlbs of Cu metal, 0.01% Co for 33.4 Mlbs of cobalt ("Co") metal, 0.29 g/t Pd for 939,400 ounces of palladium ("Pd") and 0.1 g/t Pt for 311,400 ounces of platinum ("Pt"), and 14.99 Mt averaging 0.25% Ni for 81.6 Mlbs of Ni metal, 0.22% Cu for 72.9 Mlbs of Cu metal, 0.02% Co for 5.5 Mlbs of Co metal, 0.31 g/t Pd for 149,400 ounces of Pd and 0.1 g/t Pt for 49,500 ounces of Pt for the Inferred and Indicated categories respectively. The Samapleu-Grata-Yepleu mineralization is signature of a layered, pipe-like intrusion or conduit-hosted nickel deposits. These rare types of intrusions host the world's largest Ni-Cu deposits such as Jinchuan, Voisey's Bay, Kabanga, Eagle, Eagle Nest and N'komati. Annuncio • Oct 13
Sama Resources Inc. Announces Commencement of Updated Preliminary Economic Assessment Sama Resources Inc. announced that in collaboration with partner Ivanhoe Electric, the Company has mandated BBA International Inc. to upgrade the 2020 Preliminary Economic Assessment aimed at producing a nickel ("Ni") concentrate and a copper ("Cu" concentrate from the Samapleu and Grata magmatic Ni-Cu sulphide deposits. BBA prepared an updated Mineral Resource Estimate in July 2023. The Updated Preliminary Economic Assessment ("Updated PEA") will provide detailed information on the project, including site layouts, road access, permits, claims, water bodies, and historical infrastructure. It will also cover other important aspects such as geotechnical, geochemical, environmental, hydrology, hydrogeology, and metallurgy studies. Additionally, the Updated PEA will contain a cost estimation spreadsheet that includes local workforce rates, fuel costs, and power rates. The Company anticipates completion of the Updated PEA by first quarter 2024. New Risk • Aug 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$6.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.7m free cash flow). Earnings have declined by 6.6% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$37.4m market cap, or US$27.6m). Board Change • Aug 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Non-Independent Director Quentin Markin was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.