Sarama Resources Updates on Arbitration and Strategic Developments

Sarama Resources Ltd. announces key updates on its arbitration claim, asset sales, and exploration initiatives. The company has sold its Western Australian gold assets to Riedel for A$4.6 million, which includes cash and shares. Following the transaction, Sarama will hold a significant stake in Riedel, with performance milestones potentially increasing its interest to 44%.

Sarama advances its US$242 million arbitration claim against the Government of Burkina Faso, with proceedings scheduled for February 2027. The company aims to balance its exposure to the claim while retaining exploration opportunities. In New South Wales, Sarama secured new copper-gold exploration tenements, allowing low-cost entry into the Lachlan Fold Belt, known for its mineral potential.

Sarama is represented by Boies Schiller Flexner and has secured non-recourse funding for the arbitration process. This diversified approach aims to enhance shareholder value and mitigate risks while awaiting the arbitration's outcome.