Sun Peak Metals Expands into Saudi Arabia with SDC Transaction

Sun Peak Metals Corp. has announced an update on its projects in Saudi Arabia as it moves toward a definitive agreement with Saudi Discovery Company SPV Limited (SDC). This merger aims to form a leading exploration and development entity focused on copper and gold within the Arabian-Nubian Shield, a key mineral-rich region.

Saudi Arabia's Vision 2030 promotes mining as a crucial economic pillar, supported by $2.5 trillion in mineral wealth. Sun Peak sees this as a key opportunity, leveraging the country's favorable mining policies and geological potential.

SDC holds six exploration licenses covering 438 km² in Saudi Arabia, with strategic projects like Safra, Al Miyah, Al Halahila, and Afif 1 highlighting significant VMS copper-gold targets. This transaction aligns with Vision 2030's aims to diversify the economy and attract significant mining investments, promising a robust future for the new entity.