Situated at the southeastern edge of the Pale Wastes, southwest of Mirino and the Black Hills, Sermena (pop. 180) is famous for its iron mines. A product of the same volcanic activity that created the Black Hills, the great iron vein at Sermena is a source of wealth and power for the town's inhabitants. Now under the control of Capitani Muzio Sforza, this iron will be important to Muzio if he hopes to build an army capable of conquering this disgusting, backward country.

Due to its location at the edge of the Pale Wastes and its plentiful (if somewhat metallic-tasting) aquifer, Sermena is also known as "Last Water".