Welcome to our dedicated page for Sarama Res news (Ticker: SRMMF), a resource for investors and traders seeking the latest updates and insights on Sarama Res stock.
Sarama Resources Ltd. reports company developments tied to gold exploration, project acquisitions, governance and dispute-related matters. The company’s recurring updates center on the Cosmo and Mt Venn Gold Projects in Western Australia’s Laverton Gold District, including exploration strategy, landholding changes and project-level agreements. News also covers Sarama’s arbitration proceedings connected to the Tankoro 2 Exploration Permit and Sanutura Project in Burkina Faso, along with auditor changes, shareholder voting matters, capital-structure disclosures and investor-engagement initiatives.
Sarama Resources (OTC:SRMMF) completed Tranche 2 of a previously announced A$2.6m equity placement on 7 October 2025. Tranche 2 issued 28,888,889 free attaching unlisted placement options and 19,166,666 broker options, each exercisable at A$0.09 and expiring 30 November 2028, following shareholder approval on 2 October 2025. The earlier Tranche 1 (9 July 2025) issued 86,666,667 CDIs at A$0.03 per CDI. Tranche 3 is imminent and will issue 3,333,333 CDIs and 1,111,111 options to a director for A$100,000. Net proceeds will fund exploration at the Cosmo Gold Project, a maiden drilling campaign, working capital and progress on an arbitration claim against the Government of Burkina Faso.
Sarama Resources (TSX-V:SWA) has provided an update on its arbitration proceedings against the Government of Burkina Faso regarding the unlawful expropriation of its Tankoro 2 Exploration Permit. The arbitral tribunal has been constituted and held its first procedural hearing on July 25, 2025.
The company is seeking damages of at least US$120 million through ICSID arbitration. Sarama has secured a US$4.4 million non-recourse litigation funding from Locke Capital II LLC to cover legal costs. The company has retained Boies Schiller Flexner as legal counsel, known for successful representation in similar mining-sector disputes.
The next major step is Sarama's written Memorial submission, due by October 31, 2025. The expropriated Tankoro Deposit hosted a multi-million-ounce gold resource and was approaching completion of a Preliminary Economic Assessment before activities were suspended.
Sarama Resources (SRMMF) has completed the acquisition of an 80% majority interest in the 420km² Mt Venn Gold Project in Western Australia's Eastern Goldfields. The acquisition, combined with their December 2024 Cosmo Gold Project purchase, creates a significant 1,000km² landholding in the Laverton Gold District.
The transaction consideration includes 12 million Chess Depository Instruments (CDIs), a A$20,000 exclusivity fee, and approximately A$39,900 in project fees. The Mt Venn Project, located 35km from the producing Gruyere Gold Mine, features a 50km strike length regional shear zone and includes historical high-grade gold discoveries from the 1920s.
The project operates under a joint venture with Cazaly Resources Limited maintaining a 20% interest. Sarama recently raised A$2.7M to advance initial exploration activities.
Sarama Resources (SRMMF) has completed Tranche 1 of its previously announced A$2.7M equity placement. The company raised A$2.6M through the issuance of 86,666,667 Chess Depository Instruments (CDIs) at A$0.03 per CDI.
Tranche 2 will include 30M free attaching unlisted options and 19.2M broker options, exercisable at A$0.09 and expiring November 30, 2028. Additionally, it includes 3.3M CDIs and 1.1M attaching options for director Andrew Dinning, subject to shareholder approval in September 2025.
The funds will primarily support exploration activities at the Cosmo Gold Project in Western Australia and general working capital as the company pursues arbitration against the Government of Burkina Faso. Board and management members subscribed for approximately 5M CDIs in the placement.
Sarama Resources (TSXV:SWA, ASX:SRR, OTC:SRMMF) has secured binding commitments for an upsized placement to raise A$2.7 million through the issuance of 90 million Chess Depository Interests (CDIs) at A$0.03 per CDI.
The placement consists of two tranches: Tranche 1 with 86.67 million CDIs and Tranche 2 with 3.33 million CDIs. Subject to shareholder approval, the company will issue 1 free attaching unlisted option for every 3 new CDIs, exercisable at A$0.09 and expiring November 30, 2028.
The funds will primarily support exploration activities, including a maiden drilling program at the Cosmo Gold Project in Western Australia's Laverton Gold District in Q3 CY25. The company is also progressing with the Mt Venn Gold Project acquisition and pursuing a US$120 million arbitration claim against the Government of Burkina Faso.
Powerhouse Advisory Australia acted as Lead Manager, receiving a 5% capital raising fee on directly procured equity, a 1% management fee, and 19.1 million options subject to shareholder approval. Settlement is expected on July 7, 2025, with CDI allotment on July 9, 2025.
[ "Secured A$2.7 million in well-supported placement from institutional and sophisticated investors", "Fully funded arbitration claim pursuing US$120 million in damages from Burkina Faso government", "Expansion to ~1,000km² of tenements in Eastern Goldfields upon Mt Venn acquisition completion", "Strong institutional backing with Powerhouse Group cornerstoning the placement", "45km of combined gold-in-soil trends identified for exploration" ]Sarama Resources has executed a binding agreement with Orbminco to acquire a majority and controlling interest in the 420km² Mt Venn Gold Project in Western Australia's Eastern Goldfields. This acquisition, combined with their recent Cosmo Project acquisition, creates a significant 1,000km² landholding in the prolific Laverton Gold District.
The Mt Venn Project, located 35km west of the Gruyere Gold Mine, captures the underexplored Jutson Rocks Greenstone Belt over ~50km strike length. Gold was first discovered there in the 1920s, with multiple gold occurrences identified since then. The project area shows potential for gold, base metals, and platinum group elements.
As consideration, Orbminco will receive 12,000,000 Chess Depository Instruments (CDIs) in Sarama. The project operates under a joint venture structure with Cazaly Resources holding a 20% interest. The transaction completion is subject to various conditions, including TSX Venture Exchange acceptance and Sarama Board approval.
Sarama Resources has completed the issuance of shares for debt settlement, issuing 13,132,706 Chess Depository Interests (CDIs) at A$0.03 per CDI, totaling A$393,981.18. This arrangement was implemented to settle deferred executive salaries and director fees.
The issuance received both TSXV and shareholder approval at a special meeting on February 4, 2025. The CDIs are subject to a 4-month and one-day TSXV hold period from the issue date. The transaction qualifies as a 'related party transaction' under MI 61-101, with an exemption from formal valuation and minority approval requirements due to the fair market value being below 25% of the company's market capitalization.
This debt-to-equity conversion will help reduce the company's liabilities. The CDIs represent beneficial interests in common shares and rank equally with existing CDIs.
Sarama Resources has completed the final tranche of its previously announced A$2m equity placement. Tranche 2 consisted of 16,666,666 free attaching unlisted options and 14,000,000 broker options, each exercisable at A$0.09 and expiring on November 30, 2028. This follows the first tranche completed on November 29, 2024, which raised A$2,000,000 through issuing 66,666,666 CDIs at A$0.03 per CDI.
The placement was made to institutional and sophisticated investors, with shareholder approval received on February 4, 2025. No Board or Management members subscribed to the CDIs. The funds will be used for exploration activities, working capital, and administration costs. No finders' fees were paid for Tranche 2, and the placement awaits final TSX Venture Exchange approval.
Sarama Resources has initiated a major soil-geochemistry program at its majority-owned 580km² Cosmo Gold Project in Western Australia's Eastern Goldfields. This marks the first significant exploration work on the project in decades, following the company's acquisition of a controlling interest in December 2024. The program aims to generate drill targets using modern exploration techniques.
The company has also agreed to acquire a majority stake in the nearby Mt Venn Project, which will create a combined 1,000km² exploration position with over 100km of strike length in the Laverton Gold District. Historical surface grab sampling within the Cosmo Project has yielded grades up to 52g/t Au.
The soil geochemistry program will cover most of the 580km² project area with gridded sampling at 400-800m x 100m spacing, with higher-priority areas using a 200m x 100m grid. The company will utilize the UltraFine+™ analytical process, developed by CSIRO, specifically designed for the region's complex regolith conditions.
Sarama Resources has executed a non-binding Heads of Agreement (HoA) with Orbminco to acquire a majority controlling interest in the 420km² Mt Venn Project in Western Australia's Eastern Goldfields. This acquisition follows Sarama's recent acquisition of the 580km² Cosmo Project, creating a consolidated 1,000km² area in the Laverton Gold District.
The Mt Venn Project, located 35km west of the Gruyere Gold Mine, captures the majority of the underexplored Jutson Rocks Greenstone Belt over ~50km strike length. Gold mineralization was first discovered in the 1920s, with multiple gold occurrences identified throughout the project.
As consideration, Orbminco will receive 12,000,000 Chess Depository Instruments (CDIs) in Sarama. The project is currently operated under a joint venture with Cazaly Resources , holding interests of 80% and 20% respectively. The transaction is subject to various conditions, including regulatory approvals and execution of definitive agreements.