Highlights

• The global nickel market is projected to grow at a CAGR of 5.6% from 2021 to 2030, while the copper market is anticipated to grow at a CAGR of 6.5% from 2021 to 2026.
• Sama Resources Inc. is a Canadian-based mineral exploration company with a portfolio of nickel, copper, and gold projects in West Africa and Canada.
• Sama's flagship project is the Samapleu nickel-copper project in Ivory Coast, West Africa, which boasts a high-grade nickel-copper-cobalt deposit.
• Sama Resources Inc. owns 70% interest in the Samapleu nickel-copper project in Ivory Coast, with its joint venture partner Ivanhoe Electric owning 30%.
• The Samapleu project offers a unique opportunity for exploration and development in the region, adjacent to the world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso.
• The metallurgical test results for the combined Grata and Samapleu deposits have been encouraging, lending support to the revised Preliminary Economic Assessment for 2023.
• The Lac Brulé Ni-Cu project is located in the province of Quebec and rapidly advancing, with significant drill targets identified for exploration.
• The geological environment of the Lac Brulé project area is similar to the Nova Bollinger Ni-Cu deposit in Australia, which has a significant Ni-Cu resource.

In recent years, the nickel and copper market has experienced a significant uptick in demand owing to the surging growth of the electric vehicle (EV) industry and infrastructure projects worldwide. According to a report by Allied Market Research, the global nickel market size was valued at $13.5 billion in 2020 and is projected to reach $22.8 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030. Likewise, the copper market is anticipated to reach $222.1 billion by 2026, with a CAGR of 6.5% from 2021 to 2026.

Over the past year, the nickel market has witnessed a remarkable surge due to increasing demand and supply constraints. As of April 1st, 2023, the spot price of nickel stands at $26,727.95 per tonne, a significant increase from $18,584.38 per tonne two years ago, representing a whopping 43.83% price rise over the last two years. The price of nickel has been trending upward since mid-2020, mainly due to supply concerns from Indonesia, the top producer, and the rising demand from the EV industry.

Introducing Sama Resources Inc.

Sama Resources Inc.(TSX.V: SME | OTC.PK: SAMMF) is a Canadian-based mineral exploration company with a portfolio of nickel, copper, and gold projects in West Africa and Canada. The firm focuses on the Samapleu Nickel–Copper project in Ivory Coast, West Africa and Lac Brulé Ni-Cu project, which is located in the province of Québec.

One of Sama's key strengths is its exceptional management team, which has a wealth of experience in the mining industry. The team has a proven track record of successful project development and has the expertise to navigate the complex challenges associated with mining exploration and development.

As of March 31 ,Sama Resources Inc.(TSX.V: SME | OTC.PK: SAMMF)' stock is trading at around $0.13 per share and has a market cap of approximately $29.62 million.

Samapleu nickel-copper project

The Samapleu nickel-copper project, situated in Ivory Coast, West Africa, is the flagship project of the company. Encompassing an area of over 700 square kilometers, it boasts a high-grade nickel-copper-cobalt deposit. Sama Resources Inc. owns 70% interest in the Samapleu nickel-copper project in Ivory Coast, with its joint venture partner Ivanhoe Electric owning 30%. Ivanhoe Electric has the option to purchase up to a 60% interest in the project by spending $25M in the project .Adjacent to the world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso, the Samapleu project offers a unique opportunity for exploration and development in the region. The project is located approximately 600 km northwest of Abidjan in Côte d'Ivoire and straddles both sides of the Ivorian and Guinean borders, forming a 125 km long new Base Metal Camp in West Africa.

The metallurgical test results for the combined Grata and Samapleu deposits have been encouraging, lending support to the revised Preliminary Economic Assessment for 2023. The copper recovery rate of 90.5% achieved, yielded a copper concentrate grading 24.8% copper, 1.7g/t platinum, and 6.9g/t palladium. The nickel recovery rate of 64.2% resulted in a nickel concentrate containing 13.9% nickel, 2.2g/t platinum, 8.1g/t palladium, and 0.59% cobalt. These concentrates have attractive nickel and copper grades for sale to smelters and are expected to contain payable amounts of platinum, palladium, and cobalt.

Lac Brulé Ni-Cu project

Sama Resources Inc. also boasts another significant project in its portfolio, the Lac Brulé Ni-Cu project, located in the province of Quebec. This base metal exploration project is rapidly advancing and located in virgin territory, just a five-hour drive from Montreal. The project's strategic location in Quebec, known for its mining-friendly policies and infrastructure, is a key factor in its growth potential. The Lac Brulé project covers a vast area that has never been explored before, making it a promising exploration play.

With a prospective 230 km2 virgin exploration property, the project has identified significant drill targets for exploration. The geological environment of the project area is similar to the Nova Bollinger Ni-Cu deposit in Australia, which has a significant Ni-Cu resource. In 2021, a 609 km-line drone-Magnetometer survey was conducted, followed by a 1,444 line-km Helitem survey. The survey work has identified drill targets, which are scheduled for exploration in the first quarter of 2023.

In conclusion, the nickel and copper markets are on the rise, and Sama Resources Inc. provides an excellent exposure to these markets. With flagship projects such as the Samapleu Nickel-Copper project in Ivory Coast and the Lac Brulé Ni-Cu project in Quebec, Sama Resources Inc. holds substantial mineral deposits that offer tremendous potential for exploration and development.

Disclaimer: Please be aware that this is not financial advice and that you should conduct due diligence before investing. Sama Resources Inc is a paid marketing client of Machai Capital (thegoldstocks.com).

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Written By: Thegoldstocks.com

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