AUSTIN, Texas, July 10, 2026 (GLOBE NEWSWIRE) -- via IBN -- Suntex Enterprises, Inc. (OTC: SNTX) today announced that it is engaged in advanced discussions regarding a proposed development collaboration for an initial mixed-use development project in Canada with an estimated development value of approximately $400 million.
If completed, the project would represent Suntex's first international development initiative and the largest development opportunity in the Company's history.
The Canadian project represents the first of four mixed-use developments currently under evaluation across Canada and the United States. Collectively, these opportunities are expected to generate more than $1 billion in potential revenue to the Company over the next three to five years, subject to ongoing discussions and the execution of definitive agreements.
The discussions involve a proposed partnership between Suntex Enterprises and a well established private Canadian development group with decades of experience in large-scale land development and mixed-use projects. The parties are evaluating opportunities to combine their respective expertise, with the Canadian development group contributing its extensive development experience and Suntex leveraging its integrated construction, infrastructure, and development platform to pursue projects across Canada and the United States.
The proposed collaboration is intended to establish a long-term framework for identifying, developing, and executing large-scale mixed-use developments. Management believes the complementary capabilities of both organizations position them to pursue increasingly complex development opportunities while maintaining a disciplined approach to execution and capital allocation.
Should a partnership be finalized, the Company expects individual developments to be supported primarily through project-level financing that is already secured. Unlike traditional corporate financing, project-level financing is generally secured at the asset level, aligning development capital directly with each individual project rather than the Company's overall balance sheet. Management believes this approach provides greater financial flexibility while supporting disciplined capital allocation and reducing reliance on traditional corporate equity financing as development opportunities expand.
Over the past several months, Suntex has continued building a diversified operating platform across construction, infrastructure, land development, real estate, manufacturing, and consumer products. Management believes these capabilities position the Company to participate in larger and more sophisticated development opportunities while creating multiple avenues for long-term shareholder value.