North Peak Re-Engages ICP Securities for Automated Market Making Services
The agreement adds a C$7,500 monthly service fee plus applicable taxes, with no equity incentive compensation.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
North Peak Resources (NPRLF) re-engaged ICP Securities to provide automated market-making services under an agreement effective October 15, 2026. ICP will receive C$7,500 plus applicable taxes per month for an initial four-month term, followed by automatic one-month renewals. Either party may terminate the agreement on 30 days' prior written notice.
The services will primarily address temporary supply-and-demand imbalances in North Peak's common shares. ICP is an arm's-length party and will bear its own share-trading costs; no third party will supply funds or securities for these activities. The agreement includes no performance factors or equity incentive compensation, and ICP currently has no interest in North Peak or its securities. Existing provider Independent Trading Group will continue providing services through October 31, 2026, when its agreement terminates.
Positive
- Minor pointICP Securities re-engagement provides automated market-making services effective October 15, 2026, to address temporary share supply-and-demand imbalances.
- Minor pointNo equity incentive compensation is granted under the ICP agreement.
- Minor pointICP bears its own trading costs, with no third-party funding or securities supplied for market making.
Negative
- Minor pointC$7,500 plus applicable taxes per month is payable to ICP under the market-making agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Calgary, Alberta--(Newsfile Corp. - October 16, 2026) - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North Peak") is pleased to announce that it has re-engaged the services of ICP Securities Inc. ("ICP") effective October 15, 2026 to provide automated market making services, including use of its proprietary algorithm, ICP Premium®, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable securities legislation.
Pursuant to the market-making agreement entered into between the Company and ICP (the "Agreement"), ICP will receive a fee of C
ICP does not have any interest, directly or indirectly, in the Company or its securities or any right or intent to acquire such an interest at this time, however ICP and its clients may acquire an interest in the securities of the Company in the future. There are no performance factors contained under the terms of the Agreement and no equity incentive compensation or other compensation, other than the Service Fee, is being granted by the Company to ICP in connection with the Agreement.
ICP is an arm's length party to the Company. ICP's market making activity services provided to the Company pursuant to the terms of the Agreement will be primarily to correct temporary imbalances in the supply and demand of the Company's common shares. ICP will be responsible for the costs it incurs in buying and selling the Company's common shares, and no third party will be providing funds or securities for the market making activities provided by ICP.
North Peak's existing market making services agreement with Independent Trading Group (ITG), Inc. ("ITG") will terminate effective October 31, 2026. ITG will continue to provide market making services to the Company through October 31, 2026.
ICP Securities Inc.
ICP Securities Inc. is a Toronto-based Canadian Investment Regulatory Organization dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium®, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
About North Peak
The Company is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol "NPR" and the OTCQB under the symbol "NPRLF". Launched by the founding team behind both Kirkland Lake Gold and Rupert Resources, the team has a strong track record of acquiring mining assets, applying modern exploration techniques and taking them into operational mines.
North Peak's flagship property is the Prospect Mountain Mine Complex which lies in the Battle Mountain-Eureka trend, in an area known as the Southern Eureka Gold Belt, where three styles of mineralization have been identified, gold, silver Carlin style mineralization, Carbonate Replacement gold, silver, lead, zinc mineralization (CRD); and carbonate hosted Porphyry Related Skarn lead, zinc and gold mineralization associated with Cretaceous intrusions. At the Property, the CRD mineralization is heavily oxidized to depths of at least 610m (2,000ft) below the top of the ridge line.
A Plan of Operations is in place, which covers part of the Property and entitles the operator to pursue surface exploration (totaling 189 acres), underground mining of up to 365,000 tons per annum and certain infrastructural works. A more complete description of the Property's geology and mineralization can be found in the NI 43-101 Technical Report on the Prospect Mountain Property, Eureka County, Nevada, USA dated and with an effective date April 10, 2023, prepared by David Pym (MSc), CGeol. of LTI Advisory Ltd. and Dr. Toby Strauss, CGeol, EurGeol., of Merlyn Consulting Ltd., which has been filed on SEDAR+ at www.sedarplus.ca under the profile of the Company and on the Company's website.
For further information, please contact:
| Rupert Williams, CEO Phone: +1-647-424-2305 Email: info@northpeakresources.com Website: www.northpeakresources.com | Chelsea Hayes, Director Phone: +1-647-424-2305 Email: info@northpeakresources.com |
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This press release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to statements regarding the plans, intentions, beliefs, and current expectations of the Property and the Company that may be described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, accuracy of assay results, geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services, future operating costs, and the historical basis for current estimates of potential quantities and grades of target zones, as well as those risk factors discussed or referred to in the Company's Management's Discussion and Analysis for the year ended December 31, 2025 and the quarter ended June 30, 2026, available at www.sedarplus.ca, many of which are beyond the control of the Company. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319347
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much will North Peak Resources pay ICP Securities for market-making services?
North Peak will pay ICP C$7,500 plus applicable taxes per month. The agreement has an initial four-month term beginning October 15, 2026, followed by automatic one-month renewals.
How can North Peak Resources stop the ICP agreement from automatically renewing?
Either North Peak or ICP can prevent renewal by providing at least 30 days' written notice before the end of the initial term or a subsequent one-month term.