Sarama Resources Ltd. (SWA) Financings
TSXV: SWA · Copper, Gold · Exploration stage
- Market cap$12.6M
- Share price$0.025
- 52-week range$0.025 – $0.070
- Shares outstanding503,591,948
- ExchangeTSXV
- Websitewww.saramaresources.com
Sarama Resources is an exploration and development company with a strategic focus on copper-gold opportunities in Australia, alongside a fully funded international arbitration claim against the Government of Burkina Faso. The Company has recently agreed to sell its Western Australian gold assets to Riedel Resources Ltd ('Riedel') for approximately A$4.6 million in cash and shares ( see news release dated 21 April 2026 ), enabling Sarama to retain significant exposure to exploration upside while minimising shareholder dilution. Following completion, Sarama is expected to hold an initial ~32% post-money interest in Riedel[1], increasing to up to ~44% upon vesting and exercise of all performance rights[2]. Riedel is expected to emerge as a well-funded, multi-project gold explorer with large-scale assets located in the Tier 1 mining jurisdictions of Western Australia and Arizona.
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Sarama Resources Ltd. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 25, 2016 to Aug 13, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$865,855 | US$1,148,675 | US$492,521 | US$843,085 | US$1,033,345 |
| Total current assets | US$935,978 | US$1,224,837 | US$568,144 | US$972,903 | US$1,319,378 |
| Total current liabilities | US$1,949,895 | US$1,429,035 | US$1,069,887 | US$692,791 | US$1,613,552 |
| Working capital | (US$1,013,917) | (US$204,198) | (US$501,743) | US$280,112 | (US$294,174) |
| Property, plant and equipment | US$5,633 | US$13,197 | US$34,097 | US$90,042 | US$18,286 |
| Total assets | US$941,611 | US$1,238,034 | US$2,461,543 | US$3,052,589 | US$3,196,966 |
| Total liabilities | US$1,950,190 | US$1,471,033 | US$1,128,375 | US$706,984 | US$1,952,765 |
| Shareholders' equity | (US$1,008,579) | (US$232,999) | US$1,333,168 | US$2,345,605 | US$1,244,201 |
Income statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | US$1,326,142 | US$1,288,894 | US$1,344,517 | US$2,390,519 | US$941,172 |
| General and administrative | US$174,030 | US$168,575 | US$150,259 | US$183,940 | US$130,956 |
| Share-based compensation | US$102,597 | US$88,449 | US$199,894 | US$188,063 | US$513,112 |
| Impairments and write-downs | US$0 | US$23,130 | — | — | — |
| Net income (loss) | US$33,489 | (US$4,282,871) | (US$2,478,787) | (US$4,202,295) | (US$2,607,619) |
Cash flow statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$1,957,857) | (US$1,321,212) | (US$1,900,468) | (US$4,966,162) | (US$2,100,401) |
| Investing cash flow | (US$5,667) | US$212,342 | US$40,754 | (US$97,848) | (US$2,745) |
| Financing cash flow | US$1,634,487 | US$1,853,179 | US$1,535,664 | US$5,218,972 | US$1,548,616 |
| Property, plant and equipment spending | (US$5,667) | (US$55,068) | (US$44,150) | (US$97,848) | (US$2,745) |
| Change in cash | (US$329,037) | US$744,309 | (US$324,050) | US$154,962 | (US$554,530) |
| Cash at end of period | US$865,855 | US$1,148,675 | US$492,521 | US$843,085 | US$1,033,345 |
Sarama Resources Ltd. financings
6 financings announced or closed by Sarama Resources Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-20 | Sarama Resources Ltd. (SWA) | Private placement | Tranche closed, 1 tranche | AUD $1.5M | $0.035 | Sarama Resources Announces Private Equity Placement of A$1.5M |
| 2025-06-30 | Sarama Resources Ltd. (SWA) | Private placement | Tranche closed, 3 tranches | AUD $2.7M | $0.030 | Sarama Announces Well Supported Equity Placement of A$2.7M to Fund Laverton Drilling Campaign |
| 2025-02-11 | Sarama Resources Ltd. (SWA) | Private placement | Tranche closed, 1 tranche | AUD $2.0M | $0.030 | Sarama Completes Tranche 2 Options Placement |
| 2024-11-21 | Sarama Resources Ltd. (SWA) | Private placement | Closed, 1 tranche | AUD $2.0M | $0.030 | Sarama Announces Equity Placement of up to A$2M and Issue of Equity for Debt |
| 2024-06-18 | Sarama Resources Ltd. (SWA) | Private placement | Tranche closed, 2 tranches | AUD $1.0M | $0.020 | Sarama Announces Equity Placement of up to A$1M |
| 2023-12-18 | Sarama Resources Ltd. (SWA) | Private placement, non-brokered | Closed, 2 tranches | AUD $520K | $0.020 | Sarama Announces Equity Placement of up to A$520,000 |