Vancouver, B.C. – TheNewswire - June 9, 2025 – Sama Resources Inc. (TSXV: SME) (OTC PINK SHEETS: SAMMF (“Sama” or the “Company”) today announces that all nominees listed in the management proxy circular were elected as directors of the Company at its annual general meeting of shareholders (“AGM”) held on Friday, June 6, 2025.

A total of 72,717,248 common shares or 33.04% of the Company’s issued and outstanding ordinary shares as of the record date were represented in person or by proxy at the AGM.

 

1. Election of Directors 

The six nominees listed in the Management Proxy Circular dated April 30, 2025, were elected as directors of the Company for the ensuing year, receiving the following votes:

 

Nominee	Votes For	% of Votes For	Votes Against	% of Votes Against
Marc-Antoine Audet	70,384,313	97.20	2,026,935	2.80
Benoit La Salle	69,496,198	95.97	2,915,050	4.03
Richard Quesnel	72,255,198	99.78	156,050	0.22
Ousmane Paye	70,790,084	97.76	1,621,164	2.24
Quentin Markin	72,411,198	100	50	0
Terry Krepiakevich	72,411,198	100	50	0

 

1. Appointment of Auditors 

 

In addition, Pricewaterhouse Coopers LLP, chartered accountants, in accordance with applicable Canadian legal requirements, were approved as External Auditors of the Company for the ensuing year and authorized the Directors to fix their respective remuneration for the next year.

 

Votes For	% of Votes For	Votes Withheld	% of Votes Withheld
72,717,248	100	0	0

  

1. Stock Option Plan 

 

At the meeting, the shareholders also passed an ordinary resolution, approving the Corporation’s Stock Option Plan and to reserve the grant of options up to a maximum of 10% of the total number of issued and outstanding  shares at the date of the stock option grant.

Votes For	% of Votes For	Votes Against	% of Votes Against
70,696,084	97.63	1,715,164	2.37

 

The Corporation also announces that Mr. Marcel Aubut did not stand for re-election as a member of the Board of Directors of the Corporation at the Annual General Meeting held on June 6, 2025.

“I would like to thank Marcel for his contributions to Sama and the Board.  On behalf of the Board, I would also like to wish him all the best with his future endeavors.” stated Benoit La Salle, Executive Chairman of the Board.

 

About Sama Resources Inc.

Sama is a Canadian-based, growth-oriented resource company focused on exploring the Samapleu nickel-copper project in Côte d’Ivoire, West Africa. The Company is managed by experienced industry professionals with a strong track record of discovery. Sama is committed to advancing the Samapleu-Grata Nickel-Copper Project. Sama’s projects are located approximately 600 km northwest of Abidjan in Côte d’Ivoire and are flanked to the west by the Ivorian and Guinean borders. Sama’s projects are located adjacent to the large world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a 125 km-long new Base Metal Camp in West Africa. Sama owns 40% interest in the Samapleu nickel-copper project in Côte d’Ivoire with its joint venture partner Ivanhoe Electric owning 60%.

The Company is pleased to announce that effective July 1, 2025, the Company will be transitioning from the basic OTC Pink Sheets to the enhanced OTC ID designation within the OTC Markets platform. This move marks a significant advancement in transparency, compliance, and market presence as Sama Resources continues to elevate its profile with investors and regulators.

For more information, please visit  www.samaresources.com.

About Ivanhoe Electric Inc.

Ivanhoe Electric is a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. Ivanhoe Electric seeks to support American supply chain independence by finding and delivering the critical metals necessary for electrification of the economy, with a focus on copper. Ivanhoe Electric uses its accurate and powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by its 94.3% owned subsidiary, Computational Geosciences Inc. (“CGI”), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. Through the advancement of its portfolio of electric metals exploration projects, headlined by the Santa Cruz Project in Arizona as well as other exploration projects in the United States, Ivanhoe Electric intends to support the United States' supply chain independence by finding and delivering critical metals necessary for the electrification of the economy. Ivanhoe Electric also operates a 50/50 joint venture with Saudi Arabian Mining Company Ma’aden ("Ma'aden") to explore for minerals on ~48,500 km2 of underexplored Arabian Shield in Saudi Arabia.

Website: www.ivanhoeelectric.com.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

Dr. Marc-Antoine Audet, P. Geo, President and CEO
Tel: (514) 726-4158

Mr. Matt Johnston, Vice President Corporate Development
Tel: (604) 443-3835 or (877) 792-6688, Ext. 5

 

Forward-Looking Statements

Certain of the statements made and information contained in this news release are "forward-looking statements" or “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements and forward-looking information, such as “will”, could”, “expect”, “estimate”, “evidence”, “potential”, “appears”, “seems”, “suggest”, are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or forward-looking information. These include, without limitation, the ability of the company to convert Mineral Resources to higher categories of confidence or to mineral reserves, the completion of exploration programs and studies, its ability to produce a pre-feasibility study or a feasibility study regarding the project, its ability to execute on its development plans in terms of metallurgy or exploration, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of Mineral Resources and Reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations or justify future activities, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss or failure to obtain new titles upon expiry, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration, the potential for delays in exploration activities, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.