What Sun Metals does

Sun Metals Corp. is a Vancouver, British Columbia-based, publicly traded junior mineral exploration company (TSX.V: SUNM) focused on advancing polymetallic mineral projects in British Columbia, Canada. The company was incorporated in 2017 by Oxygen Capital Corp. — a multi-disciplinary team with a track record of creating and exiting mineral exploration companies — to advance the Stardust project, and became publicly listed in May 2018 following a qualifying transaction. The company's core asset is the Stardust project, a polymetallic Carbonate Replacement Deposit in northcentral British Columbia. Sun Metals also owns the Lorraine copper-gold project (joint-ventured with Teck Resources Limited) and the OK copper-molybdenum project, both acquired in April 2019 through the acquisition of Lorraine Copper Corp. As of August 2020 the company carried a market capitalization of approximately $28.35 million, operated with 1–10 employees from its Vancouver headquarters, and reported a 2018 net loss of $7,892,443 driven by exploration and evaluation expenditures.

Sun Metals' exploration methodology is built around an integrated porphyry-skarn-CRD-epithermal system model, in which magmatic fluids form skarn deposits near the heat source, transition into zinc-lead-silver mantos, and culminate in peripheral silver-gold veins. The company has compiled approximately 70 years of historical exploration data on Stardust — including more than 80,000 metres of drilling across 390 holes, 5,800 soil samples, two airborne magnetic surveys, and extensive mapping and prospecting — into a modern exploration database used by the technical team to target mineralization beyond previously known zones. Recent drill programs have produced high-grade intercepts such as 100.00 metres at 4.99% copper equivalent (2.51% Cu, 3.03 g/t Au, 52.5 g/t Ag) in hole DDH18-SD-421, supporting an NI 43-101 compliant resource estimate at the Canyon Creek copper-gold skarn zone of 985,000 tonnes indicated at 2.92% CuEq and 1,985,000 tonnes inferred at 2.65% CuEq. Modern exploration methods deployed include controlled directional diamond drilling, ground-based geophysics, and structural geology studies.

Sun Metals is pre-revenue, with $0 in reported revenue across 2017, 2018 and 2019 and a 2018 net loss of $7,892,443 financed entirely through equity. The operating model follows the standard junior-mining capital-markets motion: equity is raised via private placements and public-market listings to fund staged exploration campaigns, with the strategic objective of advancing projects to a point where mineral resources are defined and expanded for subsequent sale, joint venture, or development into producing mines. Counterparties are institutional and retail investors plus strategic industry partners — most notably Teck Resources Limited, which subscribed to a $5.16 million December 2018 private placement, holds approximately 13.8% of issued and outstanding shares, and is the joint-venture partner on the Lorraine project. Marketing and investor-relations activities are concentrated in major mining investment conferences (Denver Gold Forum, Vancouver Resource Investment Conference, AME Roundup, 121 Mining Investment Americas/EMEA) and digital/video channels targeting institutional and retail mining investors. Sun Metals has no traditional paying customers, no commercial product, and operates within the ESTMA disclosure framework applicable to Canadian extractive-sector issuers.

Name

Sun Metals

Legal name

Sun Metals Corp.

Website

https://sunmetals.ca

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Sun Metals Corp. is a Vancouver-based, publicly traded junior mineral exploration company advancing polymetallic Carbonate Replacement Deposit projects in British Columbia, anchored by its flagship Stardust project and two additional copper-gold assets.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Support Activities for Metal Mining (213114), Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (21223)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Mineral exploration
• Carbonate replacement deposits
• Copper-gold mining
• Base metal exploration
• Junior mining company

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Pre-Revenue Exploration Stage: Sun Metals is a pre-revenue junior mining exploration company. The company has not generated any revenue from operations. All activities are focused on exploration and evaluation of mineral properties with the goal of advancing projects to a stage where economic viability can be established. Net loss for 2018 was $7,892,443 attributed to exploration and evaluation expenditures.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels10 records

Core offering

Sun Metals Corp. is a pre-revenue junior mineral exploration company that explores and advances polymetallic mineral properties, with a primary focus on carbonate replacement deposits (CRDs). Its flagship asset, the Stardust project in northcentral British Columbia, targets high-grade copper, gold, silver, and zinc mineralization through an integrated porphyry-skarn-CRD-epithermal exploration model that combines modern geophysics, controlled directional diamond drilling, and analysis of 70 years of historical exploration data.

Product overview

Sun Metals Corp. is a mining exploration company advancing three projects in British Columbia, Canada. The flagship Stardust Project is a polymetallic Carbonate Replacement Deposit with significant copper, gold, silver, and zinc mineralization. The company also holds the Lorraine copper-gold project (joint-ventured with Teck Resources Limited) and the OK copper-molybdenum project. Sun Metals uses modern exploration methods including airborne magnetic surveys, diamond drilling, and data analysis to identify and develop mineral deposits.

Differentiator

Problem solved

Functional benefit

Products and services

• Stardust Project A polymetallic Carbonate Replacement Deposit (CRD) project located in northcentral British Columbia, Canada, featuring high-grade copper-gold mineralization with skarn, manto, and epithermal vein systems; includes the Canyon Creek zone with NI 43-101 compliant indicated resource of 985,000 tonnes at 2.92% CuEq and inferred resource of 1,985,000 tonnes at 2.65% CuEq.
• Lorraine Copper-Gold Project A copper-gold exploration project in British Columbia jointly ventured with Teck Resources Limited, acquired by Sun Metals in April 2019 as part of the Lorraine Copper Corp. acquisition.
• OK Copper-Molybdenum Project A copper-molybdenum exploration project in British Columbia owned by Sun Metals as part of the Lorraine Copper Corp. acquisition.

Quantifiable outcome

• Drill hole DDH18-SD-421 returned 100.00 metres grading 2.51% copper, 3.03 g/t gold and 52.5 g/t silver for 4.99% copper equivalent
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core, minor and important.

• Lorraine Copper Corp.coreStrategic or Co-development Partner · 12 April 2019Sun Metals completed acquisition of Lorraine Copper Corp. through a court-approved plan of arrangement. The acquisition gave Sun Metals 100% ownership of the Stardust project. Following the merger, Sun Metals' issued and outstanding shares totaled approximately 120.5 million with market capitalization of approximately $77.1 million. All outstanding Lorraine stock options and warrants were exchanged for Sun Metals securities.
• Lorraine Copper Corp. (OK Copper-Molybdenum Project)minorOthers · 12 April 2019In addition to the Stardust project, Sun Metals also owns the OK copper-molybdenum project as part of the Lorraine acquisition.
• Takla First NationimportantStrategic or Co-development Partner · 1 July 2018Sun Metals signed a cooperative exploration agreement with Takla First Nation in July 2018. This agreement establishes the framework for ongoing consultation and collaboration regarding exploration activities at the Stardust project located in Takla traditional territory. The agreement supports responsible exploration practices and relationship building with Indigenous communities.
• Lorraine Copper Corp. (Lorraine Copper-Gold Project)minorOthersSun Metals owns the Lorraine copper-gold project which is joint-ventured with Teck Resources Limited.
• Oxygen Capital Corp.coreOthersSun Metals was created by Oxygen Capital with the purpose of advancing the Stardust project. Oxygen Capital is a multi-disciplinary team with a successful track record in converting modest capital investments into exceptional shareholder returns. Oxygen provides technical and administrative services to Sun Metals, including investor relations functions performed by Susie Bell who is an employee of Oxygen Capital.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Kutcho Copper Corp. Kutcho Copper is a copper-zinc development company advancing the Kutcho project in northern British Columbia. Founded by Donald McInnes (Sun Metals Chairman), it shares the same management lineage, BC focus, and polymetallic CRD-style mineralization profile, making it the closest comparable.
• Granite Creek Copper Ltd. Granite Creek Copper is a small-cap BC-focused copper-gold explorer advancing the Carmacks and Minto-area projects. Its size, BC jurisdiction, and copper-gold focus make it a directly comparable peer to Sun Metals at the junior exploration stage.
• Equity Metals Corporation: Equity Metals is a BC-focused junior explorer advancing the Silver Queen gold-silver-zinc-copper project. It shares the polymetallic BC exploration profile and similar small-cap junior mining structure as Sun Metals, targeting high-grade vein-style mineralization.
• Amarc Resources Ltd. Amarc Resources is a BC-focused junior copper-gold explorer backed by the Hunter Dickinson group. It pursues porphyry Cu-Au and related deposit styles in British Columbia, sharing Sun Metals' BC exploration focus and junior mining structure.
• Libero Copper & Gold Corp. Libero Copper & Gold is a copper-focused exploration company with assets in British Columbia and Argentina. It is a junior copper explorer operating in the same jurisdiction as Sun Metals with similar scale and market cap, pursuing copper-gold porphyry and CRD-style targets.
• Pacific Ridge Exploration Ltd. Pacific Ridge Exploration is a BC-focused junior copper-gold explorer advancing the Kliyul and Redton projects. It operates at similar scale and pursues porphyry Cu-Au and related deposit styles in British Columbia.

Broad incumbents

• Teck Resources Limited: Teck Resources is a major diversified miner holding 13.8% of Sun Metals and a JV interest in the Lorraine project. As Canada's largest copper-zinc producer with significant BC operations (Highland Valley), Teck provides strategic, geological, and jurisdictional comparability.
• Imperial Metals Corporation: Imperial Metals is a mid-tier BC-focused miner (Red Chris, Mount Polley, Huckleberry) and former employer of Sun Metals CEO Steve Robertson. Although a producer rather than a junior explorer, Imperial operates in the same jurisdiction with copper-gold assets, providing operational and jurisdictional comparability.
• Hudbay Minerals Inc. Hudbay Minerals is a mid-tier copper-zinc-gold producer with operations and projects across the Americas. Its polymetallic base-and-precious-metals portfolio and CRD-relevant geological expertise make it a comparable senior operator to Sun Metals' exploration thesis.

Regional players

• Liberty Gold Corp. Liberty Gold is chaired by Mark O'Dea (Sun Metals Director) and spun out of Fronteer Gold. While focused on gold rather than polymetallic CRD systems, it shares the Oxygen Capital management lineage and represents the broader portfolio of comparable junior exploration plays.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/SunMetalsCorp

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors4 records

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 Metals