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Sarama Resources Completes A$3.2m Sale, Gains Stake in Riedel Resources
7:24pm on Thursday 13th of August, 2026 AEST
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Sarama Resources Completes A$3.2m Sale, Gains Stake in Riedel Resources
7:24pm on Thursday 13th of August, 2026 AEST
Key Points
A$1.5m capital raising supports exploration and working capital
Sale of Cosmo and Mt Venn projects completed with equity and expense reimbursement
Sarama gains initial ~32% stake in Riedel Resources, up to ~44% with performance rights
Arbitration against Burkina Faso progressing toward February 2027 hearing
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Sarama Resources (ASX:SRR)
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