Sun Peak Metals Corp. reports exploration and corporate updates for a mineral exploration portfolio focused on volcanogenic massive sulphide and gold systems in Saudi Arabia. Company news centers on its 100%-owned Safra, Halahila and Al Miyah projects, additional exploration licenses in the Arabian-Nubian Shield, and field programs using geological mapping, rock and soil sampling, trenching, gravity surveys, Time Domain Electromagnetic surveys and diamond drilling.
Recurring releases also cover completed portfolio expansion through the Saudi Discovery Company acquisition and Saudi licensing awards, assay results from gossans and artisanal workings, qualified-person review of technical disclosure, board and stock option matters, and other capital-structure or governance updates for SUNPF.
Sun Peak Metals (SUNPF) has begun a 3,000-meter diamond drill program at its wholly owned Safra project in Saudi Arabia. Two drills will test extensions of Safra Main and the previously undrilled Safra North and Safra East targets.
All seven Safra Main holes in the May 2026 campaign intersected mineralization, including 39.0 meters at 1.38% copper and 0.84% zinc. The zone remains open along strike and at depth. Newly completed electrical surveys identified preliminary anomalies at all three targets, but these may have sources other than sulphide mineralization.
Sun Peak has more than C$12 million in the bank following completed financing. It plans maiden drilling at Al Miyah after Safra and is advancing Round 9 targets toward potential drilling in early 2027. Current exploration and planned work remain unaffected by regional conflicts.
Sun Peak Metals (SUNPF) closed the final tranche of its non-brokered private placement on October 16, 2026, raising $1,689,404.
The full offering raised $11,398,762 through 28,496,907 units at $0.40 each. Each unit contains one common share and half a share purchase warrant. Each whole warrant permits purchase of one share at $0.55 for two years from the applicable tranche closing, subject to accelerated expiry.
Sun Peak plans to use net proceeds for exploration in Saudi Arabia and Ethiopia, offering costs and general working capital. Total finder compensation comprised $103,440 in cash, 929,363 finder's warrants and 670,763 finder's units. Insiders subscribed for 375,000 units for $150,000. Securities carry a four-month-and-one-day hold period. The offering remains subject to final TSXV acceptance.
Sun Peak Metals (SUNPF) closed the first tranche of its private placement on October 5, 2026, raising $9,709,358 gross. It issued 24,273,396 units at $0.40 each. Each unit contains one common share and half a warrant; each whole warrant buys one share at $0.55 for two years from closing, subject to accelerated expiry.
The offering was increased from up to $10,000,000 to up to $12,000,000, comprising up to 30,000,000 units. Sun Peak plans to use net proceeds for exploration in Saudi Arabia and Ethiopia, offering costs and working capital. First-tranche finder compensation included $103,440 cash, 708,203 warrants and 449,603 units. Finder warrants buy one share at $0.55 for two years from the applicable tranche closing; finder units have the subscriber units' terms. Securities carry a four-month and one-day hold. The offering remains subject to necessary approvals, including TSXV approval.
Sun Peak Metals (SUNPF) has increased its previously announced non-brokered private placement to gross proceeds of up to $10,000,000.
The amended Offering now comprises up to 25,000,000 Units at $0.40 per Unit, each Unit containing one common share and one-half of a warrant. Each whole warrant allows the purchase of one common share at $0.55 for two years from closing and is subject to accelerated expiry if the volume-weighted average share price on the TSX Venture Exchange reaches or exceeds $1.10 for 10 consecutive trading days. Net proceeds will fund exploration work on projects in Saudi Arabia and Ethiopia, cover Offering costs and provide general working capital. Securities will carry a four-month-and-one-day hold period, and the financing remains subject to TSXV and other required approvals.
Sun Peak Metals (SUNPF) announces a non-brokered private placement for gross proceeds of up to $5,000,000, issuing up to 12,500,000 units at $0.40 per unit.
Each unit comprises one common share and one-half of a warrant, with each whole warrant exercisable at $0.55 for two years. Warrants are subject to accelerated expiry if the volume-weighted average share price on the TSXV equals or exceeds $1.10 for ten consecutive trading days, triggering a 30-day expiry notice at the company’s election. Net proceeds are intended for exploration on projects in Saudi Arabia and Ethiopia, offering costs, and general working capital.
The securities carry a four-month-and-one-day hold period and the financing remains subject to TSXV and other required regulatory approvals. Finder’s fees may be payable, with terms to be disclosed if applicable.
Sun Peak Metals (SUNPF) reported maiden diamond drill assay results from its 100%-owned Halahila VMS Project in Saudi Arabia, where 9 of 13 holes intersected disseminated to massive sulphide mineralization beneath a 650-metre-long surface gossan.
Highlights include Hole HAL26DD013 with 16.5 m averaging 2.23% Zn, 25.0 g/t Ag, 0.43 g/t Au and 0.42% Cu, including 12.0 m at 2.75% Zn, 32.92 g/t Ag, 0.55 g/t Au and 0.56% Cu, and Hole HAL26DD012 with 14.7 m averaging 2.64% Zn, 15.07 g/t Ag, 0.52 g/t Au and 0.24% Cu, including 6.0 m at 4.89% Zn, 24.42 g/t Ag, 0.62 g/t Au and 0.36% Cu.
Drilling tested the system from roughly 35 to 200 m down dip; Halahila Main remains open along strike and at depth within a VMS-related trend extending over 10 km. With these results, Sun Peak has now reported maiden drilling assays from two Saudi VMS projects, Halahila and Safra, within its 1,072 km² exploration portfolio.
Sun Peak Metals (SUNPF) reported maiden drill results from its Safra VMS Project in Saudi Arabia, including 39.0 metres of 1.38% copper.
The 10-hole, 1,242-metre diamond program at the 100%-owned project tested Safra Main and Safra South. All seven Safra Main holes intersected disseminated to massive sulphide, with highlights of 39.0 metres grading 1.38% copper and 0.84% zinc in SAF26DD008, and 19.42 metres grading 1.17% copper, 2.59% zinc and 22.35 g/t silver, plus a separate 13.0-metre polymetallic interval, in SAF26DD005. Additional intercepts included 8.85 metres of 1.32% copper and 6.51% zinc in SAF26DD001 and 6.0 metres of 2.86% copper and 5.70% zinc in SAF26DD010.
The Safra Main system remains open along strike and at depth, while untested gravity anomalies at Safra North and Safra East, where surface samples returned up to 1.38% copper, are prioritized for follow-up drilling. Sun Peak also completed 13 holes at the Halahila VMS Project, with 402 core samples submitted for assay, and reports extensive QA/QC procedures with SGS laboratories.
Sun Peak Metals (TSXV:PEAK, OTCQB:SUNPF) reported progress across its 100%-owned Saudi Arabian exploration portfolio covering 1,072 km² in the Arabian-Nubian Shield. During H1 2026, the company completed maiden diamond drilling at Safra Main and Halahila Main, totalling 23 holes and 3,764 m, with sulphide mineralization intersected on key structures and horizons. A combined 961 drill core samples were submitted for assay, with initial results expected in late August 2026.
Sun Peak also flew 1,345 line-km of FTEM at Al Miyah and completed gravity surveys at Hishashat, Al Miyah Main and the Washaq VMS target on the Jabal Al Asad project, where a 1.5 km gossan and broad alteration zone were mapped. Historical data at the NGZ target on the Zayiyr property indicate high-grade gold intercepts, which will be remodelled ahead of drilling. The company noted that regional geopolitical developments have not yet impacted its Saudi operations.
Sun Peak Metals (OTCQB:SUNPF, TSXV:PEAK) has started a maiden 2,500-metre diamond drill program at its 100%-owned Halahila gold-copper VMS project in Saudi Arabia.
Drilling targets a 650-metre gold- and silver-bearing gossan, EM conductors at depth, and follows 1,242 metres of recent drilling at the Safra VMS project.
Sun Peak Metals (OTCQB:SUNPF) reported strong VMS and orogenic gold potential across seven Round 9 exploration licenses in Saudi Arabia, covering 632 km². An SRK independent review and company work defined 58 direct-detection targets, including 15 priority areas, leveraging extensive historical drilling and sampling.
The licenses expand Sun Peak’s Saudi land position to 1,072 km² across 13 100%-owned licenses, near producing Ma’aden gold mines and the Nuqrah VMS deposit. Key targets include the Washaq VMS corridor and the NGZ orogenic gold target, though historical results are not yet independently verified.