Sama Resources Inc. has signed a term sheet to acquire the Azegour mining project in Morocco from Aya Gold & Silver Inc. for C$7.8 million in shares, aiming to expand its mineral exploration into North Africa. The project offers copper, tungsten, and molybdenum resources with historical mining data, providing a strong base for modern exploration. Sama will also propose changing its name to AXA Metals Corp. to reflect its broader geographic and mineral focus. The deal includes transitional support from Aya and requires shareholder and regulatory approvals before completion.
Aya Gold & Silver Inc. shares trade at USD 26.36 on Pluang, up 2.81% as of Nov 05, 2026 19:11 WIB, reflecting active interest with a balanced 50% sell and 50% buy order activity. The company holds a market cap of $3.68 billion and an enterprise value of $3.59 billion. This trading activity coincides with Sama Resources' announcement to acquire Aya's Azegour project and rebrand as AXA Metals Corp., signaling strategic moves in the mining sector.
