Sun Peak Metals - Business Combination Announcement: Shifting Focus To Metals Exploration In Saudi Arabia
Sun Peak Metals (TSX.V:PEAK - OTCQB:SUNPF) is making a major strategic move. President & CEO Greg Davis joins us to discuss the recently announced LOI with Saudi Discovery Company and the company’s shift of focus to Saudi Arabia.
Key points:
- Strategic pivot: Ethiopia’s Shire project on hold under force majeure → shifting across the Red Sea.
- LOI details: Sun Peak shareholders ~60%, Saudi Discovery ~40% post-financing.
- Saudi portfolio: 6 granted licenses (~340 km²) + ~700 km² pending, all on VMS trends.
- Work plan: Mapping, geophysics, and drilling to start quickly with strong infrastructure in place.
- Supportive regime: Favorable permitting, tax/royalty terms, and government-backed financing incentives.
- Competitive edge: Early mover advantage in Saudi exploration, backed by a proven technical team with 20+ years in the Arabian Nubian Shield.
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