Vancouver, British Columbia — December 9, 2025 — Leads & Copy — Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) has announced a non-brokered private placement to raise up to $7 million for exploration. The Private Placement will involve up to 50,000,000 charity flow-through shares of the Company (each, a “Charity FT Share”) at a price of $0.14 per Charity FT Share.
Each Charity FT Share will qualify as a flow-through share within the meaning of subsection 66(15) of the Income Tax Act (Canada). The company intends to use all the gross proceeds of the private placement for exploration of the company’s JD, Theory, and Buck properties, and any other Canadian properties the company may acquire.
The company will use an amount equal to the gross proceeds received from the sale of the Charity FT Shares to incur eligible “Canadian exploration expenses” that will qualify as “flow-through mining expenditures,” as such terms are defined in the Tax Act.
According to Niel Marotta, CEO of Sun Summit, this capital will fully fund the 2026 exploration program and help accelerate the company’s progress towards an initial mineral resource estimate at JD. Marotta added that the calibre of investors who have agreed to participate in this offering provides additional validation for the quality of the JD Project.
The closing of the Private Placement is subject to certain conditions, including the approval of the TSX Venture Exchange. The company may pay finder’s fees in cash or securities to certain arm’s length finders engaged in connection with the Private Placement, subject to the approval of the TSXV. Eventus Capital Corp. has been appointed as a Finder in connection with the Private Placement. The Charity FT Shares issued pursuant to the Private Placement will be subject to a four-month hold period in accordance with applicable securities laws.
The Charity FT Shares offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Charity FT Shares in any State in which such offer, solicitation or sale would be unlawful.
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory Projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.
Niel Marotta, CEO of Sun Summit, can be contacted at info@sunsummitminerals.com. Matthew Benedetto of Simone Capital can be contacted at mbenedetto@simonecapital.ca or by phone at 416-817-1226.
Source: Sun Summit Minerals Corp.
