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

Core Viewpoint - Sun Summit Minerals Corp. is conducting a non-brokered private placement of up to 50 million charity flow-through shares at a price of $0.14 per share, aiming to raise up to $7 million for exploration activities [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 50,000,000 charity flow-through shares priced at $0.14 each, with total gross proceeds expected to reach $7 million [1]. - The proceeds will be allocated for exploration of the JD, Theory, and Buck properties, as well as any other Canadian properties acquired by the company [2]. - The closing of the private placement is contingent upon approval from the TSX Venture Exchange and may involve finder's fees [4]. Group 2: Use of Proceeds - All gross proceeds from the private placement will be used to incur eligible "Canadian exploration expenses" qualifying as "flowthrough mining expenditures" under the Income Tax Act [2]. - The capital raised is intended to fully fund the company's 2026 exploration program and expedite the initial mineral resource estimate at the JD Project [3]. Group 3: Company Overview - Sun Summit Minerals is focused on discovering and advancing gold and copper assets in British Columbia, with key projects including JD, Theory, and Buck [6].