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Sun Peak Metals And Saudi Discovery Company Announce Strategic Business Combination, Creating A Leading Arabian Nubian Shield Exploration And Development Company
VANCOUVER, BC / ACCESS Newswire / September 18, 2025 / Sun Peak Metals Corp. (" Sun Peak ") (T...
About this update from Sun Peak Metals Corp.
[{"type":"text","content":"Sun Peak Metals And Saudi Discovery Company Announce Strategic Business Combination, Creating A Leading Arabian Nubian Shield Exploration And Development CompanyVANCOUVER, BC / ACCESS Newswire / September 18, 2025 / Sun Peak Metals Corp. (\"Sun Peak\") (TSXV:PEAK)(OTCQB:SUNPF) and Saudi Discovery Company SPV Limited (\"Saudi Discovery Company\" or \"SDC\") today announced that they have entered into a non-binding Letter of Intent dated September 17, 2025, to combine their respective businesses (the \"Transaction\"). The Transaction will create a leading exploration and development company focused on the highly prospective Arabian-Nubian Shield.SDC is a privately held mineral exploration company with a portfolio of six existing exploration licenses covering 340 km2 over four projects and other pending licenses covering an additional ~700 km2 in the Kingdom of Saudi Arabia. The licenses are located within highly prospective Volcanogenic Massive Sulfide (\"VMS\") trends of the Arabian-Nubian Shield and future exploration will focus on both gold-copper VMS and orogenic gold targets.Sun Peak is a Canadian exploration company listed on the TSX Venture Exchange (the \"TSXV\") focused on gold and copper within Ethiopia's Arabian-Nubian Shield, anchored by its 1,450 km2 Shire Project consisting of six exploration licenses. The Sun Peak Team has over two decades of experience of exploration and development in the region.This strategic combination of SDC and Sun Peak will leverage technical and capital markets expertise, Arabian-Nubian Shield experience, and complementary asset bases of both companies to unlock significant value across one of the world's most underexplored and promising mineral belts. Sun Peak will immediately be able to begin aggressive exploration work on the projects in Saudi Arabia.Greg Davis, President & CEO of Sun Peak, commented: \"We are very pleased to announce this strategic agreement with Saudi Discovery Company, which positions Sun Peak to move quickly into on-the-ground exploration and development. The project area hosts highly prospective gold and VMS targets in one of the most geologically promising and underexplored regions globally. With our proven expertise within the Arabian-Nubian Shield, we are well equipped to execute efficiently and create long-term value. This marks a significant step in our str...