Sun Summit Announces Non-Brokered Private Placement of up to $7 Million

Executive Summary

• Sun Summit Minerals Corp. announced a non‑brokered private placement of up to 50 million charity flow‑through shares at $0.14 each, targeting gross proceeds of up to $7 million.
• Proceeds are earmarked to fully fund the company’s 2026 exploration program on its JD, Theory and Buck properties and any additional Canadian assets acquired.
• The offering is subject to TSX Venture Exchange approval; shares will carry a four‑month hold period and may involve finder fees payable in cash or securities.

Key Details

• Offering Size: Up to 50,000,000 charity flow‑through (FT) shares.
• Price per Share: $0.14 CAD.
• Maximum Gross Proceeds: $7 million CAD.
• Use of Proceeds: Entire amount will be used for exploration expenditures on JD, Theory and Buck projects and any future Canadian properties; expenses must qualify as eligible “Canadian exploration expenses” under the Income Tax Act to retain flow‑through tax benefits.
• Closing Conditions: Subject to TSX Venture Exchange (TSXV) approval and satisfaction of customary closing conditions.
• Hold Period: Shares subject to a four‑month hold period per securities law requirements.
• Finder Arrangement: Eventus Capital Corp. appointed as a Finder; the company may pay finder fees in cash or securities, pending TSXV approval.
• Regulatory Notes: Shares are not registered under U.S. securities laws and cannot be offered or sold in the United States absent exemption or registration.

Notable Quotes

“This capital will fully fund our 2026 exploration program and help accelerate our progress towards an initial mineral resource estimate at JD. The calibre of investors who have agreed to participate in this offering provides additional validation for the quality of the JD Project,” – Niel Marotta, CEO

Materiality Assessment: Material – Positive** (the financing provides significant capital to advance exploration and potentially enhance shareholder value).