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Sun Summit Minerals Corp.
(SMN)
Sun Summit Minerals Corp. (SMN) vs. iShares MSCI Canada ETF (EWC)
Sun Summit Minerals Corp. Business Overview & Revenue Model
Sun Summit Minerals Corp. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -5.42K | -5.83K | -7.29K | -8.54K | -7.00K | -7.16K |
| EBITDA | -7.26M | -4.42M | -3.71M | -5.83M | -8.11M | -3.24M |
| Net Income | -6.21M | -4.43M | -3.72M | -4.80M | -7.50M | -3.25M |
Balance Sheet | ||||||
| Total Assets | 10.61M | 2.50M | 2.24M | 3.50M | 3.28M | 3.44M |
| Cash, Cash Equivalents and Short-Term Investments | 6.88M | 285.38K | 881.48K | 2.12M | 2.16M | 3.05M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.15M | 176.46K | 240.59K | 551.07K | 638.65K | 234.90K |
| Stockholders Equity | 7.46M | 2.32M | 2.00M | 2.95M | 2.64M | 3.20M |
Cash Flow | ||||||
| Free Cash Flow | -6.98M | -4.18M | -3.90M | -5.81M | -7.12M | -2.86M |
| Operating Cash Flow | -6.64M | -3.91M | -3.83M | -5.77M | -6.68M | -2.82M |
| Investing Cash Flow | -408.72K | -367.60K | -99.00K | 83.85K | -436.76K | -43.13K |
| Financing Cash Flow | 11.78M | 3.68M | 2.68M | 5.65M | 6.23M | 5.50M |
Sun Summit Minerals Corp. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$27.90M | -13.83 | -78.78% | ― | ― | 29.85% | |
52 Neutral | C$41.29M | -31.69 | ― | ― | ― | -1.67% | |
46 Neutral | C$28.53M | -2.63 | -64.24% | ― | ― | ― | |
44 Neutral | C$28.59M | -7.53 | -280.95% | ― | ― | 47.61% | |
44 Neutral | C$26.82M | -4.04 | -27.31% | ― | ― | 41.07% |
Sun Summit Minerals Corp. Corporate Events
Sun Summit Minerals Corp. has closed a non-brokered private placement raising $11.5 million through the issuance of 67,857,143 charity flow-through shares at $0.14 and 20,000,000 non-flow-through shares at $0.10. The company plans to use the funds to advance exploration at its JD, Theory and Buck properties in British Columbia and for general working capital, with the flow-through proceeds dedicated to qualifying Canadian exploration expenditures. In connection with the financing, Sun Summit paid $303,380 in cash finder’s fees and issued 2,944,400 finder warrants exercisable at $0.14 until December 23, 2027, while also granting 9,000,000 stock options to employees, directors and advisors at an exercise price of $0.15 until December 23, 2030, steps that together strengthen its balance sheet and align insiders and intermediaries with the company’s long-term exploration strategy, subject to final TSX Venture Exchange approval.
Sun Summit Minerals Corp. has announced an increase in its non-brokered private placement from $7 million to $11.5 million due to strong investor demand. The funds will be used to support the company’s 2026 exploration program, particularly for its JD, Theory, and Buck properties in Canada, with the aim of accelerating progress towards an initial mineral resource estimate at JD. The private placement is subject to certain conditions, including TSX Venture Exchange approval.
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.
Sun Summit Minerals Corp. announced its strongest gold mineralization interval to date at the Creek Zone of the JD Project, with drill hole CZ-25-021 revealing 81.0 meters of 4.80 g/t gold starting at 26 meters downhole. This discovery underscores the high-grade gold potential and significant scale of the Creek Zone, which remains open for further exploration. The results highlight the potential for both bulk-tonnage and high-grade gold mineralization, with every drill hole intersecting gold-silver mineralization, suggesting substantial expansion potential for the project.
Sun Summit Minerals Corp. has reported significant high-grade gold, silver, and copper mineralization from rock samples at the JD Project in the Toodoggone Mining District, British Columbia. The discovery includes a new high-grade copper-silver zone and priority drill targets for gold and silver, which could enhance the company’s exploration potential and strategic positioning in the mining sector. With over 650 rock samples collected and further drill results pending, the findings are expected to guide future drilling programs and potentially impact stakeholder interests.
Sun Summit Minerals Corp. has completed its 2025 exploration program at the Theory Project in the Toodoggone Mining District, British Columbia. The program identified several promising targets, including potential porphyry systems and new mineralized zones, which will guide future drilling campaigns. The integration of historical data with new geophysical and geochemical surveys has refined drill targets, enhancing the company’s asset base in the region and potentially impacting its market positioning.
Sun Summit Minerals Corp. has successfully completed its 2025 exploration program at the JD Project in the Toodoggone Mining District, British Columbia. The program included extensive drilling, surface sampling, and geophysical surveys, significantly enhancing the project’s potential for gold, silver, and copper mineralization. The completion was achieved on time and within budget, with assay results pending for 20 drill holes. These results will guide the company’s exploration strategy for 2026, further solidifying its position in the mineral exploration sector.