EL7.AI
Mergers & AcquisitionsMedium•5 November 2026•
1 min read

Sama Resources to Acquire Azegour Project in Morocco and Rebrand as AXA Metals

Key Facts

1Sama Resources executed a term sheet to acquire the Azegour project in Morocco from Aya Gold & Silver Inc.
2The transaction is valued at C$7.8 million, to be paid via the issuance of 52 million shares to Aya Gold & Silver at C$0.15 per share.
3Sama Resources proposes to change its corporate name to AXA Metals Corp to reflect its expanded footprint in North Africa.

Sama Resources executed a term sheet to acquire the Azegour project in Morocco from Aya Gold & Silver Inc., TheNewswire reported. The transaction is valued at C$7.8 million and will be settled through the issuance of 52 million shares to Aya Gold & Silver at a deemed price of C$0.15 per share. Additionally, Sama Resources proposes to change its corporate name to AXA Metals Corp to reflect its expanded operational footprint in North Africa.

The acquisition enables Sama Resources to expand its mineral exploration portfolio by leveraging Aya Gold & Silver's established presence in Morocco. Regarding related instrument performance, AYA closed at $25.64 on November 4, 2026, having reached a day high of $25.87 and a low of $24.4 during that session.