Sun Peak Metals

What Sun Peak Metals does

Sun Peak Metals Corp. is a pre-revenue junior mining exploration company headquartered in Vancouver, Canada, and listed on the TSX Venture Exchange (PEAK.V) and OTCQB (SUNPF). Founded in 2016, the company targets gold and copper volcanogenic massive sulphide (VMS) and orogenic gold deposits across the Arabian-Nubian Shield in Saudi Arabia and Ethiopia. Its portfolio comprises 13 exploration licenses covering approximately 1,072 km² in Saudi Arabia (including the Safra, Halahila, Al Miyah, Afif 1, and Round 9 licenses) and approximately 1,450 km² across the Shire Project in Ethiopia, making it the first foreign-owned junior explorer to hold 100%-owned licenses in Saudi Arabia. The company employs industry-standard exploration techniques including diamond drilling, TDEM, gravity, VTEM, IP, and magnetic geophysical surveys, geochemical sampling, geological mapping, and satellite-based remote sensing (via EarthDaily's Marigold platform).

The business model is capital-raising rather than revenue-generating: Sun Peak finances exploration activities through equity issuances on public markets and private placements, and has no operating mines, producing assets, or commercial products. The company has raised approximately CAD $24.5M cumulatively since 2019, including a C$12.8M special-warrant round in December 2019, a USD $5M private placement in October 2025, and a CAD $6.7M subscription-receipt offering in November 2025 that funded the December 2025 acquisition of Saudi Discovery Company SPV Limited. The company's customer base is therefore its investor pool, comprising resource-focused institutional funds and retail investors in the junior mining sector.

Operationally, Sun Peak is executing three maiden drill programs in 2026 (Safra, Halahila, and ongoing Al Miyah work), following the transformative SDC acquisition that repositioned Saudi Arabia as the primary jurisdiction. Management brings roughly two decades of regional experience in the Arabian-Nubian Shield, supported by recent board additions with senior Saudi capital markets and legal credentials. The company holds no patents, trademarks, or third-party certifications; its competitive position rests on first-mover regulatory access in Saudi Arabia, regional geological expertise, and a district-scale land position.

Name

Sun Peak Metals

Legal name

Sun Peak Metals Corp.

Website

https://sunpeakmetals.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Sun Peak Metals is a pre-revenue junior mining explorer focused on gold and copper VMS deposits in the Arabian-Nubian Shield, holding 13 exploration licenses (1,072 km²) in Saudi Arabia and the Shire Project (~1,450 km²) in Ethiopia, serving resource-focused investors on the TSX-V and OTCQB.

Ownership category

akta.pro rank

Product category

Mining Exploration

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Mineral exploration services
• Copper gold exploration
• VMS deposit exploration
• Junior mining exploration
• Arabian-Nubian Shield mining

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. No current revenue: Sun Peak Metals is a pre-revenue exploration company. The company has no operating mines or producing assets. Revenue generation is not expected until a mineral discovery is made and advanced through development to production, which may take many years and significant capital.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Sun Peak Metals is a pre-revenue junior mining exploration company focused on acquiring, exploring, and advancing copper-gold volcanogenic massive sulphide (VMS) and orogenic gold projects within the Arabian-Nubian Shield. The company holds 13 exploration licenses in Saudi Arabia covering approximately 1,072 km² and additional licenses in Ethiopia covering approximately 1,450 km², with active diamond drill programs underway at the Safra and Halahila projects. Revenue is not expected until a mineral discovery is advanced to production.

Product overview

Sun Peak Metals is a junior mining and exploration company with a portfolio of VMS base metal and gold exploration projects across two countries. In Saudi Arabia, the company holds 13 exploration licenses totaling 1,072 km² (Safra, Halahila, Al Miyah, Afif 1, and Round 9 licenses), making it the first foreign-owned junior explorer to hold 100%-owned licenses in the Kingdom. In Ethiopia, the Shire Project comprises six exploration licenses covering approximately 1,450 km². The company operates exploration programs including geological mapping, rock sampling, TDEM surveys, gravity surveys, and diamond drilling to identify and develop copper-gold-zinc-silver VMS and orogenic gold deposits.

Differentiator

Problem solved

Functional benefit

Products and services

• Safra VMS Project 100%-owned volcanogenic massive sulphide (VMS) copper-gold exploration project covering approximately 93 km² within the prospective Nuqrah VMS Belt of the Arabian-Nubian Shield in Saudi Arabia, with surface assays up to 3.34 g/t Au, 6.72% Cu and 864 g/t Ag.
• Halahila VMS Project 100%-owned gold-copper VMS exploration project covering approximately 35 km² within the Kutam-Al Masane VMS Belt in Saudi Arabia's southern Asir Terrane, featuring a 650-metre mineralized gossan with surface assays up to 16.35 g/t gold and 180 g/t silver.
• Al Miyah Project 100%-owned exploration project covering approximately 234 km² within the Muhadad VMS Belt of the Asir Terrane in Saudi Arabia, encompassing the Hishashat VMS Target and the newly identified Hilux Zone gold target returning up to 6.73 g/t gold.
• Round 9 Licenses Seven exploration licenses totaling 632 km² acquired through Saudi Arabia's Round 9 licensing auction, covering prospective ground near the Bulghah and Sukhaybarat gold mines and the Nuqrah VMS deposit, including the Jabal Alasad and Zayiyr properties. Historical drilling on the Zayiyr property includes 10 metres averaging 11.3 g/t gold.
• Shire Project District-scale VMS copper-gold exploration project in the Tigray Region of northern Ethiopia, covering approximately 1,450 km² across six exploration licenses (Meli, Terer, Nefasit, Adi Dairo) within the Arabian-Nubian Shield, operated through wholly-owned subsidiary Sun Peak Ethiopia Mining PLC and joint venture Axum Metals SC.

Quantifiable outcome

• Up to 16.35 g/t gold and 180 g/t silver from surface sampling at Halahila Project
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• SRK Consulting (UK) LtdminorImplementation/ SI/ Consulting Partner · 26 May 2026Independent technical reviewer engaged by Sun Peak to complete a technical review of seven exploration licenses acquired through Saudi Arabia's Round 9 licensing process. SRK confirmed multiple high-priority targets prospective for VMS and orogenic gold mineralization across the Arabian-Nubian Shield.
• Hisham AttarcoreOthers · 13 January 2026Appointed to Board of Directors effective December 18, 2025. Brings more than 15 years of experience in finance and investment banking, including as Senior Director at Saudi Arabia's Public Investment Fund. Also served as Executive Committee member at SAMI and board member of TAQA.
• Joshua LaicoreOthers · 13 January 2026Appointed to Board of Directors effective December 18, 2025. Currently Head of Legal at Beacon Events Group, a global mining and resource events company. Based in Riyadh, has extensive experience advising mining companies on securing exploration licenses and executing projects across the Arabian-Nubian Shield.
• Zelalem YibrahminorOthers · 22 July 2021Appointed to Technical Advisory Board. Legal professional with over 15 years of experience. Headed Mining and Energy Practices in a DLA Piper Africa member firm, advising multinational mining companies on Ethiopian jurisdiction matters.
• David MiddleditchminorOthers · 22 July 2021Appointed to Technical Advisory Board. Has managed and consulted on more than 50 development projects from preliminary economic assessments to full-scale feasibility studies. Co-founded Blue Coast Research and founded Libertas Metallurgy Ltd in 2017. Extensive experience in East Africa.
• Ezana Mining Development plccoreStrategic or Co-development Partner · 1 January 2017Sun Peak entered into a joint venture agreement with Ezana Mining Development plc in 2017, governing the funding and activities of Axum Metals SC. Sun Peak has an option to earn up to a 70% interest in Axum, which holds the Terer and Meli exploration licenses in Ethiopia. Sun Peak must solely fund exploration expenditures totaling US$5,000,000 by December 4, 2022 to earn 51% ownership, with additional phases to reach 70%. Ezana holds the remaining interest and holds rights to conduct precious metal mining on oxide gold caps above massive sulfide zones.
• Axum Metals SCcoreStrategic or Co-development Partner · 1 January 2017Joint venture company established between Sun Peak and Ezana Mining to hold and operate the Terer and Meli exploration licenses in Ethiopia. Sun Peak is earning into Axum pursuant to the JV agreement. Axum holds the exploration licenses transferred from Ezana.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Ma'aden (Saudi Arabian Mining Company): Saudi national mining champion with diversified gold, copper, and phosphate operations including the Sukhaybarat and Bulghah gold mines adjacent to Sun Peak's Round 9 ground. Most relevant comparable for the emerging Saudi mining ecosystem, though operating at national-champion scale.
• B2Gold Corp. Canadian gold producer with producing African assets (Mali, Namibia, DRC) and an active exploration pipeline. Comparable by virtue of African gold exposure and VMS-style deposit targeting, though operating at producing-asset scale.
• Hudbay Minerals Inc. Canadian base-metals producer focused on copper-zinc-gold VMS and porphyry deposits in the Americas. Comparable commodity mix (Cu-Au-Ag VMS) to Sun Peak's exploration thesis, though producing-stage and geographically distinct.
• La Mancha Resources: Private Canadian gold producer/developer historically operating in Egypt and elsewhere in the Arabian-Nubian Shield. Comparable by region and commodity, providing a useful benchmark for junior-to-mid-tier progression in the Shield.
• Endeavour Mining plc: Major West African gold producer with operations across the Birimian greenstone belt. Comparable on gold-commodity exposure and African operating geographies, though much larger and production-stage.
• Centamin plc: London/TSX-listed gold producer that operated the Sukari mine in Egypt's Arabian-Nubian Shield before being acquired by AngloGold Ashanti. Directly comparable regional geological setting, though at a much larger producing scale.

Emerging players

• Altus Strategies plc: AIM-listed project-generator and royalty company with gold and base-metals exposure across Africa. Comparable as a junior Africa-focused mining vehicle, though structured as a royalty/generator rather than a single-asset operator.

Direct peers

• Trilogy Metals Inc. TSX/AMEX-listed junior explorer advancing the Upper Kobuk Mineral Projects in Alaska, focused on copper-gold-zinc VMS and associated orogenic gold. Same commodity mix and pre-development exploration stage, though in a North American jurisdiction.
• Kefi Gold and Copper: UK-listed junior explorer focused on gold and copper in the Arabian-Nubian Shield, with the Tulu Kapi project in Ethiopia and exploration interests in Saudi Arabia. Highly comparable to Sun Peak in stage, commodity focus, and target jurisdiction.

Others

• Wheaton Precious Metals Corp. Canadian precious-metals streaming company whose primary commodities (gold and silver) overlap directly with Sun Peak's Halahila surface results (16.35 g/t Au, 180 g/t Ag). Not a direct competitor, but representative of the alternative-investment vehicle that funds pre-recovery-stage mining exposure on the same commodities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/SunPeakMetals

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sun Peak Metals