Welcome to our dedicated page for Sun Peak Metals news (Ticker: SUNPF), a resource for investors and traders seeking the latest updates and insights on Sun Peak Metals stock.
News and updates for Sun Peak Metals Corp. (SUNPF) focus on its copper, gold, and base metal exploration activities in the Arabian-Nubian Shield. Company news releases describe exploration programs, corporate transactions, and project-level developments across its portfolios in the Kingdom of Saudi Arabia and Ethiopia.
Recent announcements highlight Sun Peak’s work on 100%-owned exploration licenses in Saudi Arabia, including the Safra, Al Miyah, Halahila, and Afif 1 projects. News items detail surface sampling results, trenching, gravity surveys, and ground time-domain electromagnetic (TDEM) surveys, as well as planned airborne geophysical work. These updates explain how the company is using geological, geochemical, and geophysical data to prioritize VMS and gold drill targets.
Sun Peak’s news flow also covers corporate milestones such as the completion of its acquisition of Saudi Discovery Company SPV Limited and related financing transactions using subscription receipts. These releases outline how the transaction adds Saudi-based VMS and gold projects and expands the company’s land position along prospective trends.
For Ethiopia, news reports provide updates on the Shire VMS and gold Project in the Tigray Region, including TDEM surveys, mapping, rock sampling, and the declaration of force majeure on exploration licenses following regional decisions affecting mining activities. The company also issues news on governance matters, such as stock option grants and appointments to its board of directors.
Investors and followers of SUNPF stock can use this news page to review Sun Peak’s disclosed exploration results, project updates in Saudi Arabia and Ethiopia, and corporate developments as reported in its public announcements.
Sun Peak Metals (OTCQB:SUNPF) released initial rock-chip and grab sampling results from the 100%-owned Halahila VMS project in Saudi Arabia on January 22, 2026. Mapping and sampling define a mineralized corridor of ~650 meters strike and up to 30 m width. Of 98 samples, 24 (25%) returned >1 g/t Au (max 16.35 g/t) and 28 (29%) returned >10 g/t Ag (max 180 g/t). The company plans Q1 2026 TDEM surveys and an initial drill program in Q3 2026; Sun Peak closed a $6.7M financing in December 2025 and is fully funded for systematic exploration.
Sun Peak Metals (OTCQB:SUNPF) announced it has commenced field exploration across multiple priority projects in Saudi Arabia after completing the acquisition of Saudi Discovery Company and closing a CAD$6.7M financing on November 28, 2025. Field work at Safra, Al Miyah and Halahila includes geological mapping, geochemical sampling, ~600 TDEM stations, drone and airborne surveys, and planned IP; drilling is anticipated later in 2026.
The company holds six 100%‑owned licenses (≈438 km²) and reported high surface assays, including up to 17.0 g/t Au, 6.72% Cu, and 19.05% Zn.
Sun Peak Metals (OTCQB:SUNPF) announced that its board granted 6,575,000 incentive stock options to directors, officers, employees and consultants.
The options are exercisable for up to five years at an exercise price of $0.38, equal to the closing share price on January 8, 2026, and were granted under the company's shareholder-approved stock option plan.
Contact: Greg Davis, President & CEO. The TSX Venture Exchange and its Regulation Services Provider did not accept responsibility for the adequacy or accuracy of the release.
Sun Peak Metals (OTCQB:SUNPF) completed its acquisition of Saudi Discovery Company SPV Limited on December 18, 2025 through a share exchange that issued 58,065,356 common shares to former SDC shareholders. The company also closed a related subscription receipt financing that raised $6,668,622.10 at $0.35 per receipt.
On closing, subscription receipts converted into units and warrants exercisable at $0.50 for 36 months; FinCo subsequently amalgamated and its shares and warrants were exchanged for Sun Peak shares and warrants. Sun Peak Shares issued in the Transaction are expected to be listed on the TSX Venture Exchange. Votes at the shareholder meeting represented 61.8% of outstanding shares with approval recorded as unanimous among eligible votes.
Sun Peak Metals (OTCQB:SUNPF) closed an oversubscribed non‑brokered private placement on November 27, 2025, raising $6,668,622.10 via 19,053,206 subscription receipts at $0.35 each.
Proceeds are intended for advancement of the Shire VMS Project, working capital, and initial exploration at Saudi Discovery Company SPV Limited (SDC) upon closing the planned acquisition. Half of a 6% finder’s commission ($131,121.46) was paid; remaining funds are escrowed pending shareholder and regulatory approvals with a Feb 25, 2026 outside date.
Sun Peak Metals (OTCQB:SUNPF) entered a definitive share exchange agreement dated October 30, 2025 to acquire 100% of Saudi Discovery Company SPV Limited (SDC).
Under the Agreement Sun Peak will issue 58,065,356 common shares to SDC shareholders, resulting in pro forma ownership of approximately 60% existing Sun Peak shareholders and 40% former SDC shareholders, exclusive of concurrent financing securities. The Transaction is subject to TSX Venture Exchange acceptance, regulatory and shareholder approvals and is expected to close in the first week of December 2025. A special shareholder meeting is set for December 1, 2025 with a record date of October 14, 2025. The deal is a related‑party transaction and the company is relying on MI 61-101 exemptions.
Sun Peak Metals (OTCQB:SUNPF) announced a non‑brokered private placement of up to 14,285,714 subscription receipts at $0.35 per receipt for aggregate gross proceeds of up to $5.0 million to fund property advancement, working capital and general corporate purposes in connection with a planned business combination with Saudi Discovery Company SPV Limited.
Each receipt will convert to one unit (one share + 1/2 warrant) on satisfaction of escrow release conditions; warrants convert to Sun Peak warrants exercisable at $0.50 for 36 months with an accelerated expiry at a $1.00 VWAP trigger. Escrow funds return to purchasers if conditions are not met within 90 days. Company may increase the placement by 50%.
Sun Peak Metals (OTCQB:SUNPF) provided an update on new Saudi Arabia projects as it advances a proposed combination with Saudi Discovery Company SPV Limited (SDC) announced Sept 18, 2025.
Key points: SDC holds 6 granted exploration licenses totaling ~438 km² in the Arabian‑Nubian Shield (VMS trend); Saudi incentives include exploration grants up to SAR 7 million (US$1.85M) per license and SIDF co‑funding up to 75% of capital costs; SDC expects to add ~700 km² via pending applications and MIM Round 9 results. Shire project in Ethiopia will remain material property and drilling is planned to resume.
Sun Peak Metals (OTCQB:SUNPF) and Saudi Discovery Company (SDC) have announced a strategic business combination to create a leading exploration company focused on the Arabian-Nubian Shield. Through this merger, Sun Peak will acquire all SDC shares, with current Sun Peak shareholders owning 60% of the combined entity and SDC shareholders holding 40%.
SDC brings 340 km² of exploration licenses across six projects in Saudi Arabia, plus pending licenses covering an additional ~700 km². Early sampling has revealed impressive results, including up to 17g/t Au, 7% Cu, 19% Zn, and 240g/t Ag. Sun Peak contributes its 1,450 km² Shire Project in Ethiopia, consisting of six exploration licenses.
The combined company will leverage Sun Peak's technical expertise and SDC's first-mover advantage in Saudi Arabia's newly opened mining sector, which has an estimated $2.5 trillion in untapped mineral wealth. The merged entity will maintain headquarters in Vancouver with a seven-member board.
Sun Peak Metals (OTCQB:SUNPF) has declared force majeure on all six exploration licenses within its Shire VMS and Gold Project in northern Ethiopia, effective retroactively from March 2025. The declaration follows the Interim Regional Administration of Tigray's suspension of mining activities in the region to combat illegal mining.
The company has also invoked force majeure under its Joint Venture agreement with Ezana Mining Development. While field operations are suspended, Sun Peak maintains active social engagement programs and community communications. The company is simultaneously evaluating additional global opportunities while remaining committed to advancing the Shire Project once regional conditions improve.