Suntex Enterprises Closes In On International Expansion with Proposed $400 Million Canadian Mixed-Use Development

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Suntex Enterprises (OTC:SNTX) reported it is in advanced discussions on a proposed mixed-use development collaboration in Canada with an estimated development value of about $400 million. If completed, this would be Suntex’s first international development and the largest opportunity in its history.

The Canadian project is the first of four mixed-use developments under evaluation in Canada and the U.S., which are collectively expected to generate over $1 billion in potential revenue over three to five years, subject to ongoing negotiations and definitive agreements. Suntex is exploring a partnership with a private Canadian developer and plans to rely primarily on project-level, asset-backed financing while leveraging its diversified construction and development platform.

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AUSTIN, Texas, July 10, 2026 (GLOBE NEWSWIRE) -- via IBN -- Suntex Enterprises, Inc. (OTC: SNTX) today announced that it is engaged in advanced discussions regarding a proposed development collaboration for an initial mixed-use development project in Canada with an estimated development value of approximately $400 million.

If completed, the project would represent Suntex’s first international development initiative and the largest development opportunity in the Company’s history.

The Canadian project represents the first of four mixed-use developments currently under evaluation across Canada and the United States. Collectively, these opportunities are expected to generate more than $1 billion in potential revenue to the Company over the next three to five years, subject to ongoing discussions and the execution of definitive agreements.

The discussions involve a proposed partnership between Suntex Enterprises and a well established private Canadian development group with decades of experience in large-scale land development and mixed-use projects. The parties are evaluating opportunities to combine their respective expertise, with the Canadian development group contributing its extensive development experience and Suntex leveraging its integrated construction, infrastructure, and development platform to pursue projects across Canada and the United States.

The proposed collaboration is intended to establish a long-term framework for identifying, developing, and executing large-scale mixed-use developments. Management believes the complementary capabilities of both organizations position them to pursue increasingly complex development opportunities while maintaining a disciplined approach to execution and capital allocation.

Should a partnership be finalized, the Company expects individual developments to be supported primarily through project-level financing that is already secured. Unlike traditional corporate financing, project-level financing is generally secured at the asset level, aligning development capital directly with each individual project rather than the Company’s overall balance sheet. Management believes this approach provides greater financial flexibility while supporting disciplined capital allocation and reducing reliance on traditional corporate equity financing as development opportunities expand.

Over the past several months, Suntex has continued building a diversified operating platform across construction, infrastructure, land development, real estate, manufacturing, and consumer products. Management believes these capabilities position the Company to participate in larger and more sophisticated development opportunities while creating multiple avenues for long-term shareholder value.

“This opportunity reflects the direction we’ve been working toward,” said Javier Leal, Chief Executive Officer of Suntex Enterprises. “Our objective has never been simply to increase the number of projects we pursue, but to continually improve the quality, scale, and long-term value of those opportunities. As our operating platform continues to mature, we believe Suntex is becoming increasingly well-positioned to participate alongside established industry leaders on larger and more complex developments.”

“The projects currently under evaluation represent only a portion of the opportunities our team is actively pursuing. We remain committed to building a disciplined pipeline of developments that create long-term shareholder value through responsible capital allocation and operational execution. As we continue to execute our strategy, we believe the size, quality, and scope of opportunities available to Suntex will continue to expand, supporting our long-term objective of building a diversified development platform capable of competing at the highest levels of the industry.”

The Company expects to provide additional updates, as appropriate, as discussions progress and definitive agreements are executed, in accordance with applicable securities laws.

About Suntex Enterprises, Inc.

Suntex Enterprises, Inc. (OTC: SNTX) is a diversified holding company focused on construction, infrastructure, land development, real estate, manufacturing, and consumer products. Through its portfolio of subsidiaries, the Company is building an integrated operating platform designed to originate, develop, construct, and manage real assets while creating long-term shareholder value through disciplined execution and responsible capital allocation.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding proposed collaborations, development projects, estimated project values, potential revenue opportunities, financing structures, future business opportunities, anticipated development activities, and the Company’s strategic objectives. Forward-looking statements are based on current expectations, assumptions, and management’s present beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. There can be no assurance that definitive agreements will be executed, proposed collaborations or development projects will be completed, financing will be obtained, or anticipated revenues or opportunities will be realized. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. Suntex Enterprises undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.

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FAQ

What did Suntex Enterprises (OTC:SNTX) announce about the $400 million Canadian mixed-use development on July 10, 2026?

Suntex announced advanced discussions on a proposed Canadian mixed-use development with an estimated value of about $400 million. According to Suntex, the project is not yet finalized and remains subject to ongoing discussions and the execution of definitive agreements before it can move forward.

How much potential revenue could Suntex Enterprises (SNTX) generate from its mixed-use projects in Canada and the U.S.?

According to Suntex, four mixed-use developments under evaluation could generate more than $1 billion in potential revenue over three to five years. These figures are expectations only and depend on continued negotiations and successful execution of definitive project and financing agreements.

Is Suntex Enterprises’ (SNTX) Canadian mixed-use project a finalized deal for investors?

No, the Canadian project is not yet finalized; it is in advanced discussions. According to Suntex, the opportunity remains contingent on completing ongoing negotiations and executing definitive agreements with the proposed Canadian development partner and relevant financing parties.

How does Suntex Enterprises (SNTX) plan to finance its proposed Canadian and U.S. mixed-use developments?

Suntex expects individual developments to be funded primarily through project-level financing secured at the asset level. According to Suntex, this structure is intended to align capital with each project and reduce reliance on traditional corporate equity financing as its development pipeline expands.

Why is the proposed Canadian project strategically important for Suntex Enterprises (OTC:SNTX)?

According to Suntex, the Canadian mixed-use project would be its first international development and the largest opportunity in its history. Management believes it aligns with a strategy to focus on larger, higher-quality projects leveraging Suntex’s integrated construction, infrastructure, and development platform.

Who is Suntex Enterprises (SNTX) considering as a partner for the Canadian mixed-use development?

Suntex is in discussions with a well-established private Canadian development group experienced in large-scale land and mixed-use projects. According to Suntex, both parties are evaluating a long-term collaboration framework that combines Suntex’s platform with the partner’s extensive development expertise.