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Sun Summit Minerals Corp. ( (TSE:SMN) ) has issued an update.
Sun Summit Minerals Corp. has announced a non-brokered private placement of up to $7 million through the issuance of 50 million charity flow-through shares. The proceeds will fund the company’s 2026 exploration program, particularly advancing the JD Project towards an initial mineral resource estimate. This move is seen as a validation of the JD Project’s quality and is subject to TSX Venture Exchange approval.
More about Sun Summit Minerals Corp.
Sun Summit Minerals is a mineral exploration company focused on discovering and advancing district-scale gold and copper assets in British Columbia. The company’s portfolio includes the JD and Theory Projects in the Toodoggone region and the Buck Project in central B.C.
Average Trading Volume: 1,178,869
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$26.34M
For an in-depth examination of SMN stock, go to TipRanks’ Overview page.