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Sun Peak Metals ( (TSE:PEAK) ) has shared an announcement.
Sun Peak Metals Corp. has declared force majeure on its Shire VMS and Gold Project in northern Ethiopia due to a suspension of mining activities by the Interim Regional Administration of Tigray. This declaration, effective from March 2025, ensures that Sun Peak’s exploration licenses remain valid and defers work commitments until conditions improve. The company remains committed to advancing the project and is also exploring additional opportunities globally to enhance shareholder value.
More about Sun Peak Metals
Sun Peak Metals Corp. is engaged in exploring the district-scale Shire VMS Project in the Tigray Region of northern Ethiopia. The project consists of six exploration licenses covering approximately 1,450 square kilometers in the Arabian Nubian Shield, with a focus on copper-gold VMS discoveries. The company operates under a joint venture with Ezana Mining for some licenses, while others are wholly owned by Sun Peak.
Average Trading Volume: 43,215
Technical Sentiment Signal: Sell
Current Market Cap: C$15.24M
For detailed information about PEAK stock, go to TipRanks’ Stock Analysis page.