Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Sun Peak Metals ( (TSE:PEAK) ).
Sun Peak Metals has completed the acquisition of Saudi Discovery Company SPV Limited through a share exchange, issuing more than 58 million Sun Peak shares to former SDC shareholders and securing shareholder approval with overwhelming support at a special meeting earlier this month. The deal, combined with a recently closed C$6.7 million subscription receipt financing that has now converted into Sun Peak shares and warrants, positions the company as a prominent exploration player in the Arabian-Nubian Shield, expanding its geographic footprint from Ethiopia into Saudi Arabia and providing fresh capital to fund an expanded exploration program in 2026.
More about Sun Peak Metals
Sun Peak Metals Corp. is a Vancouver-based mineral exploration company focused on advancing the district-scale Shire VMS Project in the Tigray Region of northern Ethiopia. Its portfolio covers six exploration licences over approximately 1,450 square kilometres in the highly prospective Arabian-Nubian Shield, the same geological setting that hosts notable assets such as the Bisha Mine and the Asmara projects in Eritrea. Saudi Discovery Company, the firm it has acquired, is an exploration company advancing high-potential mineral projects in Saudi Arabia, aligned with the country’s Vision 2030 economic diversification strategy.
Average Trading Volume: 40,134
Technical Sentiment Signal: Buy
Current Market Cap: C$24.97M
See more data about PEAK stock on TipRanks’ Stock Analysis page.