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Sun Peak Metals Provides Overview of New Projects in Saudi Arabia as Part of SDC Transaction
VANCOUVER, BC, AL / ACCESS Newswire / October 15, 2025 / Sun Peak Metals Corp. (TSXV:PEAK)(OTC...
About this update from Sun Peak Metals Corp.
[{"type":"text","content":"Sun Peak Metals Provides Overview of New Projects in Saudi Arabia as Part of SDC TransactionVANCOUVER, BC, AL / ACCESS Newswire / October 15, 2025 / Sun Peak Metals Corp. (TSXV:PEAK)(OTCQB:SUNPF) (\"Sun Peak\" or the \"Company\") is pleased to provide an update on its new projects in the Kingdom of Saudi Arabia as it proceeds towards a definitive agreement to combine with Saudi Discovery Company SPV Limited (\"SDC\"), as announced on September 18, 2025. The proposed combination will create a leading exploration and development company focused on copper and gold projects within the Arabian-Nubian Shield, one of the world's most prospective and underexplored mineral belts.\"We have long looked forward to the opportunity to operate in Saudi Arabia\" said Greg Davis, President and CEO of Sun Peak Metals. \"The geological terrane that led to the discovery of world-class VMS targets in our past work is even more pronounced in Saudi Arabia. Coupled with a progressive, mining-friendly government, the country presents an exceptional environment for exploration and development.\"Strategic HighlightsPremier Access to Saudi Arabia's Mining Boom:Saudi Arabia is positioning mining as the third pillar of its economy under Vision 2030 (see further details below), supported by an estimated $2.5 trillion in untapped mineral wealth. With a modern regulatory framework, full foreign ownership, and fast-track licensing, Saudi Arabia ranks among the world's most attractive jurisdictions for mining investment.Robust Government Incentive:Under the Mining Investment Law, companies can benefit from:Exploration grants of up to SAR 7 million (US$1.85M) per license for the first five (5) licenses.Co-funding of up to 75% of capital costs for advanced exploration and development through the Saudi Industrial Development Fund (SIDF).Access to long-term project financing and participation in the Mining Exploration Enablement Program, which mitigates early-stage risk and accelerates development timelines.Sun Peak's Proven Track Record in the Arabian-Nubian ShieldSun Peak's leadership team brings over 20 years of experience in the Arabian-Nubian Shield, with a history of multiple VMS discoveries and successful mine developments. This expertise, combined with SDC's strategic land position, establishes a powerful platform for continued discovery, development, and gro...