202617 releases
Sun Peak Recommences Drill Program at the Safra VMS Project, Saudi Arabia
Sun Peak Metals Corp. announced that a 3,000-meter diamond drill program with two drills is underway at its 100%-owned Safra copper-zinc-gold-silver VMS Project in the Kingdom of Saudi Arabia. The program will test extensions of Safra Main, the untested Safra North and Safra East target areas, following up on the May 2026 maiden campaign in which all seven holes drilled at Safra Main intersected mineralization.
Drill resultsSun Peak Closes Non-Brokered Private Placement
The second and final tranche of a non-brokered private placement closed on October 16, 2026 for gross proceeds of $1,689,404, bringing total Offering proceeds to $11,398,762 from 28,496,907 units at $0.40 per unit, each unit comprising one common share and one-half warrant exercisable at $0.55 for two years. Insiders subscribed for 375,000 units for $150,000. Proceeds will fund exploration in Saudi Arabia and Ethiopia, offering costs and working capital; TSXV final acceptance is pending.
FinancingSun Peak Closes First Tranche and Increases Non-Brokered Private Placement
A first tranche of Sun Peak Metals' non-brokered private placement closed October 5, 2026 for gross proceeds of $9,709,358, through the issuance of 24,273,396 units at $0.40 per unit, each with one common share and one-half warrant exercisable at $0.55 for two years, subject to accelerated expiry above $1.10 for ten consecutive trading days. Finder's fees of $103,440 cash, 708,203 finder's warrants and 449,603 finder's units were paid. The offering was increased by $2,000,000 to up to $12,000,000 (30,000,000 units). Proceeds will fund exploration in Saudi Arabia and Ethiopia.
FinancingSun Peak Increases Non-Brokered Private Placement
A previously announced non-brokered private placement has been increased to gross proceeds of up to $10,000,000 from up to $5,000,000, consisting of up to 25,000,000 units at $0.40 per unit. Each unit includes one common share and one-half warrant exercisable at $0.55 for two years from closing, subject to accelerated expiry if the VWAP equals or exceeds $1.10 for ten consecutive trading days. Proceeds will fund exploration in Saudi Arabia and Ethiopia, offering costs and working capital.
FinancingSun Peak Announces Non-Brokered Private Placement
A non-brokered private placement of up to 12,500,000 units at $0.40 per unit for gross proceeds of up to $5,000,000 has been launched, with each unit comprising one common share and one-half warrant exercisable at $0.55 for two years from closing. The warrants carry an accelerated expiry if the VWAP on the TSXV is at least $1.10 for ten consecutive trading days. Proceeds will fund exploration in Saudi Arabia and Ethiopia, offering costs and working capital.
FinancingSun Peak Intersects 16.5 Meters of 2.23 % Zinc, 25 g/t Silver, 0.43 g/t Gold and 0.42 % Copper at Halahila VMS Project, Saudi Arabia
Maiden diamond drilling at the 100%-owned Halahila VMS project in Saudi Arabia returned 16.5 metres averaging 2.23% zinc, 25.0 g/t silver, 0.43 g/t gold and 0.42% copper in hole HAL26DD013, 14.7 metres of 2.64% zinc, 15.07 g/t silver, 0.52 g/t gold and 0.24% copper in HAL26DD012, and 14.05 metres of 1.45% zinc in HAL26DD001. Nine of 13 holes in the 2,522-metre program hit sulphide mineralization, tested from about 35 to 200 metres down dip. Follow-up step-out drilling and downhole EM are under consideration.
Drill resultsSun Peak Drills 39.0 Metres of 1.38% Copper and 0.84% Zinc and 19.42 Metres of 1.17% Copper, 2.59% Zinc and 22.35 g/t Silver at Safra VMS Project, Saudi Arabia
Assays from the maiden 10-hole, 1,242-metre diamond drill program at the 100%-owned Safra VMS Project in Saudi Arabia included 39.0 metres averaging 1.38% copper and 0.84% zinc in hole SAF26DD008, and 19.42 metres averaging 1.17% copper, 2.59% zinc and 22.35 g/t silver in SAF26DD005, which also returned 13.0 metres of 0.49% copper, 1.77% zinc, 1.64% lead, 69.17 g/t silver and 0.61 g/t gold. All seven Safra Main holes were mineralized. Results from 13 holes totalling 2,521 metres at Halahila are expected shortly.
Drill resultsSun Peak Metals Advances Multi-Project Exploration Program in Saudi Arabia – Drill Programs Complete on First Two Projects, Assays Pending
Maiden diamond drilling has been completed at the Safra Main and Halahila Main targets in Saudi Arabia, with 23 holes totalling 3,764 metres; holes at both intersected sulphide mineralization within VMS-style volcanic and sedimentary packages. A total of 961 drill core samples were submitted for analysis, with initial assays expected in late August 2026. Sun Peak also completed 1,345 line-kilometres of airborne EM at Al Miyah, where drilling is scheduled for Q4, plus gravity surveys at Hishashat, Al Miyah Main and Washaq.
Drill resultsSun Peak Metals Commences Maiden Drill Program at High-Priority Halahila Gold-Copper VMS Project
A maiden diamond drill program of approximately 2,500 metres has begun at the 100%-owned Halahila gold-copper VMS project in Saudi Arabia, initially targeting the Halahila Main zone, where a 650-metre-long gossan up to 30 metres wide and TDEM conductors over a 4.1 km strike length have been identified. Surface sampling at Halahila Main returned up to 16.35 g/t gold and 180 g/t silver. Drilling follows 1,242 metres in 10 holes at Safra, with core assaying at SGS Turkey.
Drill resultsSun Peak Metals Confirms Strong VMS and Orogenic Gold Potential Across Newly Acquired Round 9 Licenses in Saudi Arabia
A technical review by SRK Consulting (UK) Ltd, plus remote sensing, alteration mapping and initial fieldwork, identified 58 direct-detection exploration targets across the seven Round 9 exploration licenses acquired in Saudi Arabia, comprising 16 VMS targets, 2 orogenic targets and 40 with characteristics of both, with 15 prioritized for immediate follow-up. The licenses cover 632 km² in the Arabian-Nubian Shield near the Nuqrah VMS deposit and Ma'aden's Bulghah and Sukhaybarat gold mines, bringing Sun Peak's Saudi holdings to 1,072 km² across 13 licenses.
NewsSun Peak Metals Commences Maiden Drill Program At Safra VMS Project, Saudi Arabia
A fully funded maiden diamond drill program of up to 1,500 metres has begun at the 100%-owned Safra VMS project in Saudi Arabia, targeting coincident gravity anomalies, TDEM conductors and surface geochemistry. Initial holes at Safra Main will test beneath grab samples grading up to 3.34 g/t Au, 6.72% Cu, 864 g/t Ag, 19.05% Zn and 9.89% Pb, plus 22.5 m of trenching at 0.9 g/t Au. Drilling will then move to the Halahila project.
Drill resultsSun Peak Metals Identifies New VMS Gossans at Halahila, Returning up To 1.32 G/T Gold, 11 G/T Silver, and 0.64 % Copper
Two new VMS gossan zones, each about 200 m long and 2 m to 14 m wide, have been identified 3.5 km and 5 km south of Halahila Main at the 100%-owned Halahila VMS Project in Saudi Arabia, with rock-chip and grab samples returning up to 1.32 g/t gold, 11 g/t silver, 0.64% copper and 1.05% zinc. TDEM surveys at Halahila Main define conductors coincident with a 650 m gossan zone, where prior sampling returned up to 16.35 g/t gold and 180 g/t silver. Drilling is scheduled to begin in late Q2.
Drill resultsSun Peak Metals Samples Up to 6.73 g/t Gold from the Newly Identified Hilux Zone at the Al Miyah Project
Surface sampling at the 100%-owned Al Miyah project in Saudi Arabia returned up to 6.73 g/t gold from artisanal workings and 6.14 g/t gold from rock chips at the newly identified Hilux Zone, a roughly 6 kilometre north-south trend. A total of 175 rock-chip and grab samples were collected across Hishashat VMS, Al Miyah Main VMS and Hilux, with Hishashat grabs up to 5.01% Cu, 1.45 g/t Au and 29.8 g/t Ag. Follow-up mapping, trenching, TDEM and gravity surveys are planned.
Drill resultsSun Peak Metals Awarded 100% Ownership of Seven New Exploration Licenses Totaling 632 km² In Saudi Arabia
Seven exploration licenses totaling 632 km² were awarded in Saudi Arabia's Ministry of Industry and Mineral Resources Round 9 licensing auction, finalized March 26, 2026, bringing Sun Peak Metals to 1,072 km² across 13 licenses, with a further ~200 km² under application. The licenses lie near Ma'aden's Bulghah and Sukhaybarat gold mines and the Nuqrah VMS deposit, and host historical showings, VMS gossans and alteration zones. Initial exploration has begun, including mapping, geochemical sampling, trenching and geophysical surveys.
CorporateSun Peak Metals Corp Reports Up to 16.35 g/t Gold and 180 g/t Silver from Surface Rock-Chip Samples at the Halahila Project, Saudi Arabia
Surface rock-chip and grab sampling at the 100%-owned Halahila copper-gold-silver VMS project in Saudi Arabia returned up to 16.35 g/t gold and 180 g/t silver, with 24 of 98 samples above 1 g/t gold and 28 of 98 above 10 g/t silver. Mapping outlines a mineralized zone exceeding 650 metres of strike length and up to 30 metres wide. Ground TDEM surveys are planned for Q1 2026, with initial drilling anticipated in Q3 2026.
Drill resultsSun Peak Metals Corp. Commences 2026 Exploration Program in the Kingdom of Saudi Arabia
Field exploration has begun on the Safra, Al Miyah and Halahila projects in Saudi Arabia, comprising geological mapping, geochemical sampling and ground TDEM surveys, with drone and airborne surveys planned for Q1 2026 and drilling anticipated later in 2026. Prior SDC work returned grab samples up to 3.34 g/t Au and 6.72% Cu at Safra, 17.0 g/t Au at Halahila, and trenching of 22.5 m at 0.9 g/t Au, 35.6 g/t Ag, 1.83% Pb. Hisham Attar and Joshua Lai joined the board; Steve DeJong stepped down.
Drill resultsSun Peak Metals Grants Stock Options
Corporate
20259 releases
Sun Peak Metals Announces Completion of Acquisition of Saudi Discovery Company SPV Limited
The acquisition of all issued and outstanding shares of Saudi Discovery Company SPV Limited has closed, with former SDC shareholders receiving 58,065,356 Sun Peak common shares via share exchange; the shares are expected to be listed on the TSXV. Shareholders approved the transaction at a December 1, 2025 meeting, with 61.8% of shares voted and 100% of eligible votes in favour. A concurrent subscription receipt offering raised gross proceeds of $6,668,622.10 from 19,053,206 subscription receipts at $0.35 each, with half-warrants exercisable at $0.50 for 36 months.
AcquisitionSun Peak Metals Closes Oversubscribed $6.7 Million Private Placement Offering of Subscription Receipts
An oversubscribed non-brokered private placement closed November 27, 2025 for gross proceeds of $6,668,622.10, comprising 16,032,470 FinCo subscription receipts and 3,020,736 Sun Peak subscription receipts, each at $0.35. Proceeds are earmarked for the Shire VMS Project in Ethiopia, working capital, and initial exploration at Saudi Discovery Company SPV Limited's properties upon completion of the proposed acquisition. Funds are held in escrow pending shareholder approval at a December 1, 2025 meeting, with a February 25, 2026 deadline. Insiders subscribed for $780,500.
FinancingSun Peak Metals Announces Execution of Definitive Agreement to Acquire Saudi Discovery Company SPV Limited
A definitive share exchange agreement dated October 30, 2025 has been signed to acquire 100% of Saudi Discovery Company SPV Limited, with Sun Peak issuing 58,065,356 common shares to SDC shareholders. On closing, Sun Peak and former SDC shareholders would hold approximately 60% and 40% respectively, excluding a concurrent financing. The related party transaction requires TSX Venture Exchange, regulatory and shareholder approval at a special meeting on December 1, 2025, with closing expected in the first week of December.
AcquisitionSun Peak Metals Announces $5.0 Million Private Placement Offering of Subscription Receipts
A non-brokered private placement of up to 14,285,714 subscription receipts at $0.35 each for gross proceeds of up to $5,000,000 is planned through a wholly owned subsidiary, FinCo, in connection with the previously announced business combination with Saudi Discovery Company SPV Limited. Each receipt converts into a unit of one share and one-half warrant, with warrants ultimately exercisable at $0.50 for 36 months, subject to acceleration above $1.00 for 20 consecutive trading days. Proceeds are for property advancement and working capital; the placement may be increased by 50%.
FinancingSun Peak Metals Provides Overview of New Projects in Saudi Arabia as Part of SDC Transaction
Details were provided on the six exploration licenses covering approximately 438 km² held 100% by Saudi Discovery Corporation within the Arabian-Nubian Shield VMS trend in Saudi Arabia, as Sun Peak proceeds toward a definitive agreement to combine with SDC, announced September 18, 2025. The licenses are Safra (93 km²), Al Miyah (234 km², three licenses), Al Halahila (35 km²) and Afif 1 (76 km²). Applications for Massa SW and Massa SE await grant, with roughly 700 km² of additions expected. The Shire Project in Tigray, Ethiopia remains the combined company's material property.
News
20247 releases
Sun Peak Metals Grants Stock Options
Corporate
20232 releases
Sun Peak Metals Grants Stock Options
Corporate