New Risk • Jul 02
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 (25% 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 (CA$2.17m market cap, or US$1.53m). Aankondiging • 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. New Risk • Feb 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Negative equity (-CA$2.3m). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.54m market cap, or US$1.13m). Aankondiging • 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 New Risk • Jan 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Negative equity (-CA$2.3m). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.07m market cap, or US$786.6k). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Aankondiging • Jan 08
Red Metal Resources Ltd. announced that it expects to receive CAD 0.75 million in funding Red Metal Resources Ltd. announced a non-brokered private placement offering of up to 12,500,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 750,000 on January 7, 2026. Each Unit shall be comprised of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the subscriber to purchase one additional Share of the Company for a period of three years at a price of CAD 0.09 per Warrant Share in the first year following the close of the financing, CAD 0.12 per Warrant Share in the second year following the close of the financing,CAD 0.15 per Warrant Share in the third year following the close of the financing. All securities to be issued under the Offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws. Aankondiging • Oct 07
Red Metal Resources Ltd., Annual General Meeting, Dec 03, 2025 Red Metal Resources Ltd., Annual General Meeting, Dec 03, 2025. Location: ontario, thunder bay Canada Aankondiging • Feb 23
Red Metal Resources Ltd. Plans A Phase 1 Work Program and Data Compilation for Its Recently Acquired, 100% Owned, Portfolio of Highly Prospective Mineral Claim Package Spanning Quebec and Ontario Red Metal Resources Ltd. announced that it is planning a Phase 1 work program and data compilation for its recently acquired, 100% owned, portfolio of highly prospective mineral claims and mineral claim applications, consisting of seven separate claim packages, covering 172 mineral claims and totaling over 4,546 hectares. These highly prospective claim packages are located to the North, Northeast and the Southwest of Quebec Innovative Materials Corp.'s ("QIMC") recent hydrogen-in-soil discovery in the Saint-Bruno-de-Guigues area, of over 1,000 ppm, announced on September 4 2024, as well as covering similar geology to the west located in the Larder Lake Mining District of Ontario, along the Quebec border near the town of Ville-Marie, QC. These surveys can be used to locatedegassing zones associated with faults in the Timiskaming rift. Gravimetry and audiomagnetotellurism (AMT) geophysics to assess variations in the thickness of local sedimentary rock deposits (gravity troughs) over the Archean basement. AMT data will assist in locating graben-related faults in the St-B runo-de-Guigue area that are covered by quaternary sediments. Regional remote sensing gas surveys to identify specific targets to provide useful remote sensing data for hydrogen and helium exploration. Fieldwork can be carried out with access to properties through main roads and paved highways. The Company is currently reviewing regional geologic data to assist in the evaluation of potential additional acquisitions in the immediate area as well as the formulation of an initial exploration plan with further details to be provided in due course. This news release contains information about adjacent properties on which the Company has no right to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties. New Risk • Dec 24
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$285k 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$285k free cash flow). Share price has been highly volatile over the past 3 months (65% average daily change). Negative equity (-CA$2.3m). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.23m market cap, or US$1.55m). Aankondiging • Nov 21
Red Metal Resources Ltd. (OTCPK:RMES.F) completed the acquisition of Three Mineral Claim Packages in Ville Marie, Quebec. Red Metal Resources Ltd. (OTCPK:RMES.F) signed a letter of intent to acquire Three Mineral Claim Packages in Ville Marie, Quebec on October 15, 2024. The LOI contemplates up to two weeks' due diligence period with a non-refundable deposit of CAD 0.005 million plus GST and the issuance of 1.6 million common shares of the Company.
Red Metal Resources Ltd. (OTCPK:RMES.F) entered into a definitive agreement to acquire Three Mineral Claim Packages in Ville Marie, Quebec on October 30, 2024. Due diligence has completed. As of October 30, 2024, 11 of the 19 cells have been approved by the Quebec Ministry of Natural Resources and Forests and the Red Metal will issue 1,100,000 shares upon closing of the acquisition of 11 approved claims. The balance of 500,000 shares reserved to be issued once the remaining eight claim applications are approved. No royalty is to be paid out of any potential future revenue. The Red Metal's acquisition is subject to customary conditions of closing, including the Company completing due diligence to its satisfaction and the approval of the Canadian Securities Exchange (if required), and is expected to complete soon. The common shares issuable in connection with the Agreement will be subject to a four month hold period under applicable Canadian securities laws.
Red Metal Resources Ltd. (OTCPK:RMES.F) completed the acquisition of Three Mineral Claim Packages in Ville Marie, Quebec on November 19, 2024. Aankondiging • Oct 31
Red Metal Resources Ltd. announced that it expects to receive CAD 0.84 million in funding Red Metal Resources Ltd. announced a non-brokered private placement that it will issue up to 3,000,000 flow-through units at a price of CAD 0.10 per flow-though unit for the gross proceeds of CAD 300,000 and up to 6,750,000 non-flow-through units at a price of CAD 0.08 per non-flow-through unit for the gross proceeds of CAD 540,000 for the aggregate gross proceeds of up to CAD 840,000 on October 31, 2024. Each FT Unit shall be comprised of one common share of the Company to be issued as a flow-through share and one half of one common share purchase warrant. Each Warrant shall be exercisable into one common share of the Company at a price of CAD 0.12 at any time on or before the date which is 18 months after the closing date of the Offering. Each Non FT Unit shall be comprised of one common share in the capital of the Company and one half of one Common Share purchase warrant. Each whole Warrant shall be exercisable into one Common Share at a price of CAD 0.12 at any time on or before the date which is 18 months after the closing date of the Offering. The Company may pay finder's fees on a portion of the Offering of up to 10% of the aggregate gross proceeds raised and finder's warrants in an amount equal to up to 10% of the number of units issued pursuant to the offering, exercisable at a price of CAD 0.12 per common share for a period of 18 months following the closing date of the Offering. The finder's fees shall be paid in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. All securities to be issued under the Offering will be subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws. Aankondiging • Oct 09
Red Metal Resources Ltd., Annual General Meeting, Dec 03, 2024 Red Metal Resources Ltd., Annual General Meeting, Dec 03, 2024. Location: ontario, thunder bay Canada New Risk • Sep 22
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$279k 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$279k free cash flow). Shares are highly illiquid. Negative equity (-CA$2.1m). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$919.0k market cap, or US$677.5k). Board Change • Sep 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Cody McFarlane was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (98% average daily change). Negative equity (-CA$2.8m). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$526.2k market cap, or US$384.8k). Aankondiging • May 15
Red Metal Resources Ltd. Announces Chief Executive Officer Changes Red Metal Resources Ltd. announced that Caitlin Jeffs, P.Geo. has decided to step down from her management positions as CEO of the Company and is excited to transition such management roles to Gregg Jensen who assumed such leadership positions effective as of May 10, 2024. Gregg Jensen has over 25 years' experience in finance, capital markets and business management spanning several industries from technology, mining, engineering, to professional services. Most recently, Mr. Jensen was a director of Lomiko Metals Inc., a graphite and lithium exploration company from December 2020 to December 2021. Board Change • Mar 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Jeff Cocks was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Jeff Cocks was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Jeff Cocks was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Jeff Cocks was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 09
Red Metal Resources Ltd., Annual General Meeting, Sep 28, 2023 Red Metal Resources Ltd., Annual General Meeting, Sep 28, 2023, at 02:00 US Eastern Standard Time. Location: 278 Bay Street Suite 102 Thunder Bay Ontario Canada Agenda: To receive the audited financial statements of the Company for the financial years ended January 31, 2023 and January 31, 2022, together with the auditor's report thereon; to set the number of directors of the Company for the ensuing year at five (5); to elect the following persons as directors of the Company for the ensuing year: Caitlin Jeffs, Joao ("John") da Costa, Jeffrey Cocks, Cody McFarlane, and Michael Thompson; to appoint Dale Matheson Carr-Hilton Labonte LLP as the auditors of the Company for the ensuing fiscal year ending January 31, 2024, at a remuneration to be fixed by the board of directors of the Company (the "Board"); to consider and, if thought advisable, to pass, with or without amendment, an ordinary resolution to approve the Company's stock option plan, as more particularly described in the Information Circular; and to transact such further or other business as may properly come before the Meeting and any adjournment or postponement thereof. Aankondiging • Jul 29
Red Metal Resources Ltd., Annual General Meeting, Sep 28, 2023 Red Metal Resources Ltd., Annual General Meeting, Sep 28, 2023. Board Change • Jul 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jeff Cocks was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jeff Cocks was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jeff Cocks was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 09
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jeff Cocks was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jeff Cocks was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Aug 18
Red Metal Resources Ltd. Identifies New Targets Through Mapping on the Carrizal IOCG Property Red Metal Resources Ltd. announced results from the 2022 geological mapping program on its Carrizal property, Region III, Chile. The 2022 mapping and prospecting program focused on detailed mapping of veins along strike of, and to the east of the main Farellon structure with the goal of developing new drill targets. New veins mapped and sampled include the Gorda vein which was drilled in Hole FAR-22-020. The Gorda vein lies 250 metres east of the Farellon structure which was mapped and sampled along strike for a full kilometre. A further five veins were mapped and sampled in detail to develop future drill targets throughout the property. Highlights: A high sample return of 5.77% Cu, 1.55% Co and 0.11 g/t Au two kilometres along strike to the north of the recent drilling on the Farellon structure. Three veins mapped in detail, each demonstrating over a kilometre of prospective strike length with mineralized grab samples. Aankondiging • Jul 15
Red Metal Resources Ltd. Announces the Final Drill Results from the 2022 Diamond Drill Program At Carrizal Property, Region III, Chile Red Metal Resources Ltd. announced the final drill results from the 2022 diamond drill program at Carrizal property, Region III, Chile. The 2022 drill program consisted of nine drill holes (previously reported) totaling 2,010 meters. The program successfully tested the continuity of the north and south Farellon structures at depth, and drilled a newly mineralized structure that lies 250 meters to the east from the Farellon vein. Results for the last four drill holes highlight the complexity of vein structures within the metasedimentary unit and show consistency with historic drilling. FAR-22-019 2.8 meters of 0.90% Cu, 0.02% Co and 0.04 g/t Au, continues the down dip extension on the north vein structure. FAR-22-016 4.4 meters of 0.35% Cu, 0.19% Co and 0.18 g/t Au, this intercept confirms continuity of the mineralized structure in the north and extends mineralization down dip to a vertical depth of approximately 200 meters. Aankondiging • Jun 04
Red Metal Resources Ltd. Announces Assay Results for Four of the Nine Holes Drilled in the Company's Winter 2022 Diamond Drill Program on Its Carrizal Property Red Metal Resources Ltd. announced the assay results for four of the nine holes drilled in the company's winter 2022 diamond drill program on its Carrizal property. The 2,010 metre 2022 winter diamond drill program focused on extending known mineralization on the Farellon vein down dip on both the North and South ends of the 1.5 kilometre vein that had been historically drilled and also tested a new vein previously only sampled on surface. Work is ongoing on the Carrizal property to continue to expand the Company's knowledge of the Gordal vein through mapping of structures and alteration on surface. The first significant amount of diamond drilling has allowed the geological team to better understand the mineralized structures and associated alteration that can now be applied to the rest of the property. The mapping program will result in new targets which will be tested in the next phase of drilling. Management believes there remains significant unrealized potential in the numerous veins observed on surface but not yet thoroughly investigated. Red Metal has implemented a quality control program to comply with industry best practices for sampling, chain of custody and analyses. Certified copper gold reference standards, blanks and duplicates are inserted at the core processing site as part of the QA/QC program in addition to the control samples inserted by the lab. Samples are prepared and analyzed by ALS laboratories in La Serena, Chile and Lima, Peru. Samples are analyzed for gold using Fire Assay-AA techniques. All samples are analyzed using a 33 element 4 acid digestion ICP analysis method and copper samples over 10,000 ppm are analyzed again for just copper using the same analysis method. All results reported herein have passed QA/QC protocols. Aankondiging • May 19
Red Metal Resources Ltd., Annual General Meeting, Jul 15, 2022 Red Metal Resources Ltd., Annual General Meeting, Jul 15, 2022. Aankondiging • May 08
Red Metal Resources Ltd. Announces the Commencement of Field Mapping Program on Its Carrizal Copper Gold Cobalt Project Red Metal Resources Ltd. announce the commencement of a field mapping program on its Carrizal copper gold cobalt project. The final hole of the winter 2022 drill program, completed on February 28th, intercepted a vein previously only sampled on surface in 2012 and now named the Gordal Vein. The visual intercept in hole FAR-22-020 was a six meter quartz vein with visible chalcopyrite and chalcocite mineralization. Geological mapping will focus on careful examination of the strike extents of the Gordal vein to develop future drill targets along with detailed structure and alteration mapping across the entire Carrizal property to further delineate other veins and alteration corridors. Red Metal has implemented a quality control program to comply with industry best practices for sampling, chain of custody and analyses. Certified copper gold reference standards, blanks and duplicates are inserted at the core processing site as part of the QA/QC program in addition to the control samples inserted by the lab. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Jeff Cocks was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Feb 16
Red Metal Resources Announces Update on Drilling Red Metal Resources Ltd. announced a successful start to the 2,00-metre drill program announced on January 12th, and provide an update on the exploration plans at the Carrizal Property, III Region, Chile. All five drillholes to date have been focused at the northern end of the previously drilled Farellon project close to the artisanal mine workings. All five drill holes have intercepted zones of sulphide mineralization including chalcopyrite and chalcocite, zones of strong alteration associated with iron oxide copper gold (IOCG) deposits and breccia zones up to 20 metres in width. Significant elements noted in initial observations include widespread potassic and argillic alteration and significant amounts of iron oxides transitioning from hematite into magnetite at depth. Drill intercepts have extended the continuity of the Farellon vein by approximately 100 metres along strike to the north and down to a vertical depth of approximately 200 metres, approximately 75 metres deeper than previous intercepts. Sampling is ongoing for drillholes FAR-22-012 to FAR-22-16 and no visual estimates of grade have been made. Assay lab expected turn-around times are estimated to be four to six weeks from receipt of samples. Aankondiging • Jan 13
Red Metal Resources Ltd. Announces the Update on 2022 Exploration Program Red Metal Resources Ltd. announced the start of the Company's 2022 exploration program. Red Metal has confirmed a drill contractor to execute a 2,000-metre diamond drill program expected to start on January 25th. Drill targets will be split between the known Farellon zone, previously drilled in1996, 1997, 2009 and 2011, and targets identified along strike through surface sampling programs executed in 1996 and 2012. The drill program will consist of up to six holes targeting down dip extents of known mineralization to approximately 175 metres vertical depth. The mineralized zone is estimated to have a depth of approximately 500 metres based on historic mine records from the Carrizal Alto mine located three kilometres along strike on the same structure hosting the Farellon vein. A further four holes will target the same structure along strike where surface sampling in 2012 confirmed mineralized vein for a further three kilometres with assays of up to 5.78% Cu with 0.17% Co and 4.37% Cu with 0.06% Co. Board Change • Dec 01
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 Jeff Cocks was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
