North Peak Resources Engages ICP Securities for Market Making

North Peak Resources Ltd. has announced it has enlisted ICP Securities Inc. for automated market making services. ICP will employ its proprietary algorithm, ICP Premium™, to balance supply and demand of North Peak's common shares. This four-month agreement stipulates a monthly service fee of C$7,500 and offers automatic renewal unless terminated with 30 days' notice.

ICP, a Toronto-based firm founded in 2023, specializes in market making and liquidity provision. It will bear the costs of buying and selling North Peak's shares. Notably, ICP currently holds no interest in North Peak's securities but may in the future.

Recently, North Peak granted 300,000 options to its CEO, which expire in five years. Focused on gold exploration, the company aims to leverage historic sites for potential production in the northern hemisphere.