Sarama Resources Ltd. Announces Equity Placement to Fund Laverton Drilling Campaign

In a significant development for Sarama Resources Ltd., the exploration and mining services provider has announced a well-supported equity placement aimed at raising A$2.7 million. This strategic move is set to fund a major drilling campaign in the Laverton Gold District of Western Australia, marking a pivotal step in the company’s exploration initiatives.

Equity Placement and Drilling Campaign

The equity placement, which was announced on June 29, 2025, has garnered strong support from both new and existing institutional, professional, and sophisticated investors. The funds raised are earmarked for launching a major exploration program, including a drilling initiative scheduled for the third quarter of 2025. This campaign will focus on the recently acquired Cosmo Gold Project, a promising site within the prolific Laverton Gold District.

Market Resumption and Trading Activity

On June 30, 2025, trading in Sarama Resources Ltd. resumed at 11:45 AM ET on the TSX Venture Exchange. This resumption followed a temporary suspension, a measure implemented by the Canadian Investment Regulatory Organization (CIRO) to ensure a fair and orderly market. CIRO, the national self-regulatory organization overseeing investment dealers and trading activities in Canada, plays a crucial role in maintaining market integrity.

Company Overview

Sarama Resources Ltd., based in Subiaco, Australia, operates within the materials sector, focusing on metals and mining. The company is dedicated to the discovery and development of gold projects, with a mission to generate value for stakeholders through responsible and sustainable resource utilization. Sarama’s operations extend globally, with a particular emphasis on projects in Burkina Faso.

Financial Highlights

As of June 26, 2025, Sarama Resources Ltd. closed at a price of CAD 0.03 on the TSX Venture Exchange. The company’s stock has experienced fluctuations over the past year, with a 52-week high of CAD 0.04 on June 5, 2025, and a low of CAD 0.015 on December 26, 2024.

Conclusion

The successful equity placement and the upcoming drilling campaign underscore Sarama Resources Ltd.’s commitment to advancing its exploration projects. With strong investor support and a strategic focus on the Laverton Gold District, the company is poised to enhance its portfolio and drive value for its stakeholders. As trading resumes and exploration activities progress, Sarama Resources Ltd. continues to position itself as a key player in the metals and mining industry.