Sarama Resources is pleased to report that on 9 July 2025, it closed tranche 1 of its previously announced A$2.7m equity placement. Tranche 1 of the Placement raised aggregate gross proceeds of A$2,600,000 with the Company issuing 86,666,667 Chess Depository Instruments at an issue price of A$0.03 per CDI. Each new CDI issued under the Placement will rank equally with existing CDIs on issue and each CDI will represent a beneficial interest in one common share of the Company. Tranche 2 of the Placement will consist of 30,000,000 free attaching unlisted options and 19,166,666 broker options , with each Option exercisable at A$0.09 and expiring on 30 November 2028. Tranche 2 of the Placement will also consist of 3,333,333 CDIs and 1,111,111 attaching options to a director,...