Sun Summit Minerals Corp. (V:SMN)
Business Focus: Diversified Mining
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Latest 10 SEDI filings for SMN within the last 6 months
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Company News
May 02, 2024 07:00 ET
Sun Summit's Extensive Data Review Identifies Multiple New High-Grade Gold-Silver Targets at the JD Project
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2024) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) is pleased to announce that it has defined additional targets across the highly prospective Finn to Creek corridor, a significant gold-silver mineralized trend on the recently optioned, road accessible, JD Project in the Toodoggone gold-copper mining district in north-central British Columbia.
Apr 25, 2024 18:47 ET
Sun Summit Announces Closing of $2,500,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2024) - Sun Summit Minerals Corp. (TSXV: SMN) (OTCQB: SMREF) (the "Company" or "Sun Summit") is pleased to announce that it has closed its fully-subscribed non-brokered private placement (the "Private Placement") previously announced in the Company's press release on April 2, 2024 through the issuance of 25,000,000 non-flow-through units of the Company (each, a "Unit") at a price of $0.10 per Unit for gross proceeds to the Company of $2,500,000. The Company restructured the Private Placement to remove the flow-through unit portion of the Private Placement, and reallocate the amount to issue a total of 25,000,000 Units. Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.13 per share until April 25, 2026.
Valuation Ratios
Industry
Sector
Beta
0.77
--
--
Price to Sales - TTM
--
6.17
4.50
Price to Book - most recent quarter
5.27
2.12
2.07
Price to Cash Flow per share - TTM
--
8.69
9.54
Price to Free Cash Flow per share - TTM
--
23.76
21.15
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 30, 2024 | 53,833 | 49,843 |
| Apr 15, 2024 | 3,990 | -40,155 |
| Mar 31, 2024 | 44,145 | -11,031 |
Business Summary
| Sector: Basic Materials | Industry: Diversified Mining |
Sun Summit Minerals Corp. is a mineral exploration company focused on expansion and discovery of district scale gold and copper assets in British Columbia (BC). The Company's diverse portfolio includes the Buck Project in central BC, and the JD Project in the Toodoggone region of north-central BC. The Buck Project is a 52,000-hectare (ha) tenure package, located approximately 10 kilometers (km) south of the town of Houston, 60 km southeast of the Smithers airport and is located west of the past producing Equity Silver Mine (Newmont) and north of the Huckleberry copper mine (Imperial Metals). The JD Project is located in the Toodoggone gold-copper district in north-central BC., a highly prospective, deposit-rich metallogenic belt. The 15,000 ha/150 square kilometers tenure package is located about 450 km northwest of the City of Prince George, and 25 km north of the Sturdee gravel airstrip. The JD Project is characterized by both high-grade epithermal gold and silver mineralization.
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