Announcement • 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. Announcement • 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 Announcement • 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. 
