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Sun Peak Metals Corp. (PEAK) Financings

TSXV: PEAK · Gold · Exploration stage

Sun Peak Metals Corp's portfolio is located within the Arabian-Nubian Shield, a highly prospective Precambrian mineral belt that hosts numerous VMS, intrusion-related and orogenic gold systems, including Jabal Sayid and Mansourah in Saudi Arabia and the Bisha Mine and Asmara Projects in Eritrea. The Company's exploration strategy is focused on systematically advancing a pipeline of projects from regional target identification through drill testing. In the Kingdom of Saudi Arabia, the Company holds 13 exploration licenses totaling 1,072 km² along established VMS and gold trends, with applications pending for two additional exploration licenses covering approximately 200 km² (Figure 6). In Ethiopia, the Company's Shire Project comprises six exploration licenses covering approximately 1,450 km². Sun Peak's team has an unparalleled track record of multiple mine discoveries within the Arabian-Nubian Shield, supported by significant capital-markets strength and experience.

Sun Peak Metals Corp. financial statements

Key figures read from 25 of 25 financial statement filings, Aug 26, 2020 to Aug 28, 2026. Each column is the period as the company first filed it.

Balance sheet: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

Dec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Cash and equivalentsC$6,452,757C$2,265,655C$6,511,177C$7,934,905C$9,217,664
Total current assetsC$6,750,019*C$2,335,177*C$6,664,931*C$7,979,366*C$9,397,911*
Exploration and evaluation assetsC$20,070,058C$11,465C$11,465C$11,465C$11,465
Property, plant and equipmentC$169,552C$94,797C$215,960C$284,863C$160,279
Total assetsC$34,487,105C$8,631,301C$10,425,207C$11,693,579C$12,861,337
Shareholders' equityC$33,831,510C$8,512,542C$10,363,029C$11,562,450C$12,789,039

* Calculated from the statement's own lines: the company did not print this total with a label.

Income statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Exploration and evaluation expenseC$493,701C$469,590C$174,105C$106,408C$643,406
General and administrativeC$1,139,120C$306,693C$240,266C$223,975C$183,815
Share-based compensationC$0C$559,398C$469,061C$0C$89,265
Impairments and write-downs———C$0(C$88,767)
Net income (loss)(C$2,088,227)(C$2,409,885)(C$1,668,482)(C$1,226,589)(C$1,523,515)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Operating cash flow(C$1,851,363)*(C$1,582,527)*(C$1,290,928)*—(C$1,388,451)*
Investing cash flow(C$465,202)*(C$2,662,995)*(C$132,800)*—(C$453,380)*
Financing cash flowC$6,503,667*———C$1,299,000*
Exploration spending (capitalized)————(C$3,411)
Property, plant and equipment spending(C$10,929)(C$4,634)(C$3,606)—(C$29,402)
Proceeds from share issuesC$6,668,623————
Change in cashC$4,187,102(C$4,245,522)(C$1,423,728)(C$1,282,759)(C$542,831)
Cash at end of periodC$6,452,757C$2,265,655C$6,511,177C$7,934,905C$9,217,664

* Calculated from the statement's own lines: the company did not print this total with a label.

Sun Peak Metals Corp. financings

2 financings announced or closed by Sun Peak Metals Corp., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-09-17Sun Peak Metals Corp. (PEAK)Private placement, non-brokeredTranche closed, 1 tranche$10.0M$0.400Sun Peak Announces Non-Brokered Private Placement
2025-10-16Sun Peak Metals Corp. (PEAK)Private placement, non-brokeredClosed, 1 tranche$6.7M$0.350Sun Peak Metals Announces $5.0 Million Private Placement Offering of Subscription Receipts

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