• Sun Peak Metals closed a first tranche of a non-brokered private placement, raising gross proceeds of $9.71 million.
• Issued 24,273,396 units at $0.40 per unit; each unit includes one common share, one-half warrant.
• Each whole warrant exercises at $0.55 for two years; accelerated expiry if TSXV VWAP reaches $1.10 for 10 sessions.
• Upsized the offering to up to $12 million from $10 million, implying up to 30,000,000 units at $0.40.
• Proceeds earmarked for exploration in Saudi Arabia, Ethiopia, offering costs, 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: 202610060700ACCESSWRNAPR_____1233406) on October 06, 2026, and is solely responsible for the information contained therein.