Sun Peak Metals Raises $11.4 Million in Private Placement

• Sun Peak Metals closed its non-brokered private placement on October 16, 2026, raising $11.4 million overall.
• The final tranche generated gross proceeds of $1.69 million.
• The offering comprised 28,496,907 units priced at $0.40 each.
• Each unit includes one common share and half a warrant; whole warrants are exercisable at $0.55 per share for two years.
• Net proceeds will fund exploration in Saudi Arabia and Ethiopia, offering costs and general working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sun Peak Metals Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610190700ACCESSWRNAPR_____1237978) on October 19, 2026, and is solely responsible for the information contained therein.