Annuncio • Aug 01
Red Metal Resources Provides Update on Induced Polarization Survey and Mining Operations At Carrizal Property Red Metal Resources provided an update on the impact of recent rainfall in the Vallenar area of Chile's Atacama Region on activities at its Carrizal Copper-Gold-Cobalt Property. The Company's induced polarization survey crew temporarily demobilized from the site for approximately one week due to hazardous road conditions, while mining operations on the Property continued without interruption. The Vallenar area of Chile's Atacama Region experienced unusually heavy rainfall between approximately July 15 and 19, 2026, resulting in hazardous conditions on local roads and access routes to the Carrizal Property. In the interest of crew safety, the Company's geophysical contractor, Geophysical Studies Chile, temporarily demobilized the IP survey crew from site for approximately one week. The crew has since safely remobilized and the Company does not currently expect a material impact on the overall IP program timeline. According to Chilean meteorological and disaster-response authorities, the Vallenar area recorded approximately 104 millimetres of rainfall over the five-day period from July 15th to 19th, including a peak daily total of approximately 50 millimetres on July 19. Vallenar's average annual rainfall is only about 30 to 55 millimetres, meaning the region received roughly two to three years' worth of its typical annual precipitation in less than a week. The Atacama Region is one of the driest inhabited places on Earth, and the storm prompted regional emergency declarations, widespread road closures and isolation of communities across the Atacama and Coquimbo regions. The event ranks among the most significant rainfall events to affect the region since the catastrophic Atacama floods of March 2015. Mining operations at the Farellon 1/8 concession, carried out by the lessee Minera KMT, were not affected by the rains. The operator constructed diversion trenches to direct water away from the mine entrance and the on-site camp, protecting infrastructure and allowing mining activities to continue safely without interruption. Closed a non-brokered private placement financing in multiple tranches in the first quarter of 2026, strengthening the Company's treasury. Completed a LiDAR survey and structural interpretation over the Carrizal Property. Entered into a lease and royalty agreement with the lessee Minera KMT for the Farellon 1/8 concession and advanced small-scale mining and underground development, monitored through regular site visits by in-country staff. Actively working on a three-dimensional induced polarization survey at Carrizal on two high-priority blocks with Geophysical Studies Chile and reported preliminary results from the southern block, defining a kilometre-long chargeability target that remains open along strike and at depth. Strengthened its capital-markets presence, including engaging an investor relations firm and a market maker and receiving proceeds from the exercise of warrants. The IP survey crew to continue the northern block survey at Carrizal as road conditions permit. Continue small-scale mining operations at the Farellon 1/8 concession under the lease and royalty arrangement. Annuncio • Jul 08
Red Metal Resources Provides Operational Update On Small-Scale Mining Activities At Farellon 1/8 Mineral Concession Red Metal Resources completed site visits June 18th and July 1st, 2026, confirming that mine development by KMT is actively underway at Farellon 1/8. De-watering of the historic Level 7 workings at the North Mine is approximately 90% complete, restoring access to known high-grade underground copper mineralization. The South Mine portal has been advanced 10 metres in the direction of a mineralized vein intersected by previous drilling. KMT is currently working on road construction, building camp infrastructure, and advancing underground development in both the North and South Mine areas. In the north workings, de-watering of the historic Level 7 workings is approximately 90% complete, with water being pumped to surface and discharged. Restoring access to Level 7 is a key step in re-establishing production, as a total of 5,080 tonnes of ore were previously extracted from Level 7 between 2016 and 2017, grading 1.97% copper, 9.62 g/t silver and 0.14 g/t gold. Copper and gold grades within the sulphide mineralization have been shown to increase and become more consistent with depth in the historic workings. In the south sector, a crew of two drillers and a scoop tram operator continue to advance the decline toward a previously drilled vein with intercepts in the area. Intercepts listed below are historic drill intercepts in the area being targeted by the Southern decline. Drill intercepts are not true widths; true widths are estimated at between 70-90% of drilled widths. KMT will continue to de-water Level 7 in the northern mine sector in preparation for the commencement of production by end of summer. The southern mine sector will be further extended until the target mineralized vein is reached. IP results expected in July to aide in drill targeting. Mining at the Farellon 1/8 concession is being carried out by the lessee, Minera KMT SpA, under a lease and royalty arrangement. Red Metal is the lessor and royalty holder and is not the operator of the mining activities. The mining is not based on a feasibility study, preliminary feasibility study or other technical study demonstrating economic or technical viability, and no current mineral resource or mineral reserve estimate has been prepared for the Property under National Instrument 43-101. New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$676k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$676k free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Negative equity (-CA$2.1m). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€1.34m market cap, or US$1.53m). Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Matt Parent was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 03
Red Metal Resources Ltd Initiates Ip Survey on Carrizal Copper-Gold-Cobalt Project Red Metal Resources Ltd. engaged Geophysical Studies Chile out of La Serena, Chile to complete an Induced Polarization (IP) survey over the Company's 100%-owned Carrizal Copper-Gold-Cobalt Project, located in Chile's Atacama Region. Carrizal hosts a structurally controlled, vein-style, Iron Oxide Copper-Gold system. Veins have been identified and sampled over more than 12 km in strike length on surface. Drilling has tested 1.5 km of that veining to a depth of approximately 200 m. IP will target chargeability associated with sulphides at depths up to 500 m deep. Two IP grids are planned to target two separate areas of veining. A northern target will consist of 10 lines, each 2.5 km in length for a total of 25 kms. A southwestern target will consist of 6 lines, each 2 km in length for a total of 12 km. The full survey will total 37 line kms. Individual mineralized vein systems and mine workings have been mapped with strike lengths of up to 4.5 kilometres and over 12 kilometres of veining mapped and sampled. Historic surface sampling between 1996 and 2025 totaled 317 surface reconnaissance samples. Of the 317 samples collected, 178 returned copper grades over 1% copper, and 128 exceeded 2% copper and high grade copper values included 17.25%, 8.0% and 7.23%. For gold, 81 of the 317 samples returned grades above 0.5 g/t with 19 samples exceeding 2.0 g/t Au The highest grade samples were 8.4 g/t, 7.0 g/t and 5.4 g/t Au. Magnetics to map magnetite-bearing zones such as iron oxide copper-gold (IOCG) veins, breccia zones and related skarns; Induced Polarization geophysics to map sulphide concentrations and identify high-priority targets at depth. Integration of 3D IP inversions of chargeability and resistivity data and LiDAR-assisted structural interpretation to refine drill targeting. The combined information from structural interpretation, surface sampling, and IP showing possible sulphide mineralization at depth will be used to enhance confidence in drill targets. This will include expanding previously drilled targets and developing new ones. The technical content of this news release has been reviewed and approved by Caitlin Jeffs, P. Geo, who is a Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. Annuncio • Feb 12
Red Metal Resources Ltd. announced that it has received CAD 0.997298 million in funding On February 11, 2026, Red Metal Resources Ltd closed the transaction. The company announced that it has issued 7,496,633 units at a price of CAD 0.06 per Unit for gross proceeds of CAD 449,798. Each Unit is comprised of one common share of the Company (a "Share") and one Share purchase warrant (a "Warrant"), with each Warrant exercisable to acquire one additional Share at a price of CAD 0.09 for the first 12 months from the date of issuance, CAD 0.12 for the 12-24 month period from issuance, and CAD 0.15 for the 24-36 month period from issuance. The securities issued under the Second Tranche are subject to a statutory four month hold from the date of issuance. In connection with the Second Tranche, the Company paid CAD 18,480 in cash finder's fees and issued 308,000 finder's warrants. Each finder's warrant entitles the holder to purchase one Share of the Company at a price of CAD 0.06 per Share for a period of two years from the date of issuance. Two insiders participated in the Second Tranche for aggregate proceeds of CAD 58,600 
