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, TSXV:PEAK) has begun a fully funded maiden diamond drill program at the 100%‑owned Safra VMS Project in Saudi Arabia, with up to 1,500 metres planned. Initial drilling targets coincident gravity, TDEM conductors and high‑grade surface geochemistry beneath gossans.
Safra covers ~93 km2 in the Nuqrah VMS Belt; prior surface assays include 3.34 g/t Au, 6.72% Cu, 864 g/t Ag, and trench intervals to 22.5 m at 0.9 g/t Au. Drilling will move next to Halahila after Safra.
Sun Peak Metals (OTCQB:SUNPF) reported two new VMS gossan zones at its 100% owned Halahila project in Saudi Arabia, each ~200m long and 2–14m wide, with rock samples up to 1.32 g/t Au, 11 g/t Ag, 0.64% Cu, and 1.05% Zn. A 650m gossan at Halahila Main has modellable conductors and is drill ready, with drilling planned for late Q2.
Ongoing work includes mapping, rock sampling, ground TDEM, and detailed gravity surveys across the district-scale project.
Sun Peak Metals (OTCQB:SUNPF / TSXV:PEAK) reported initial surface sampling from the 100%-owned Al Miyah project (234 km2) in Saudi Arabia on April 23, 2026. The Hilux Zone returned up to 6.73 g/t Au from artisanal workings and up to 6.14 g/t Au from rock-chip samples. Hishashat grab samples returned up to 5.01% Cu, 1.45 g/t Au and 29.8 g/t Ag. Work to follow includes mapping, trenching, ground TDEM, gravity, IP surveys and a planned first drill program.
Sun Peak Metals (OTCQB:SUNPF) was awarded seven exploration licenses totaling 632 km2 in Saudi Arabia's Round 9 auction, finalized March 26, 2026, expanding the company's Saudi footprint to 1,072 km2 across 13 licenses with ~200 km2 under application.
New licenses sit near Bulghah and Sukhaybarat gold mines and the Nuqrah VMS deposit; initial fieldwork and geophysical surveys are underway.
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.