Board Change • May 20
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 Brian Hearst 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. Tillkännagivande • Dec 05
Red Lake Gold Inc., Annual General Meeting, Jan 22, 2026 Red Lake Gold Inc., Annual General Meeting, Jan 22, 2026. Tillkännagivande • Oct 04
Red Lake Gold Inc. (CNSX:RGLD) acquired Moray East Gold Project located in Ontario, Canada. Red Lake Gold Inc. (CNSX:RGLD) acquired Moray East Gold Project located in Ontario, Canada on October 2, 2025.
Red Lake Gold Inc. (CNSX:RGLD) completed the acquisition of Moray East Gold Project located in Ontario, Canada on October 2, 2025. Tillkännagivande • May 18
Red Lake Gold Inc. announced that it expects to receive CAD 0.15 million in funding Red Lake Gold Inc. announced a non-brokered private placement of up to 3,000,000 common shares for the gross proceeds of CAD 0.05 per unit for the gross proceeds of CAD 150,000 on May 16, 2025. Each unit shall consist of one common share of the issuer and one common share purchase warrant that entitles the holder of a warrant the right, upon further payment to company, to acquire one additional common share of the issuer at an exercise price of CAD 0.05 per warrant share on any date prior to the date that is 60 months following the closing date of the financing or tranche thereunder. The issuer may pay a 6% cash finder's fee on certain subscriptions under the financing, which excludes cash finders' fees on subscriptions by insiders who may in turn participate for greater than 25% of the financing. The financing will be subject to all applicable regulatory approvals and any securities issued under the financing will be subject to a four-month-and-one-day hold period pursuant to applicable securities laws of Canada. Tillkännagivande • Jan 16
Red Lake Gold Inc. announced that it expects to receive CAD 0.12 million in funding Red Lake Gold Inc. announced a non-brokered financing of 2,000,000 units at issue price CAD 0.06 per unit for gross proceeds CAD 120,000 on January 15, 2025. Each unit shall consist of one common share of the issuer and one common share purchase warrant that entitles the holder of a warrant the right. The warrant to acquire one additional common share of the issuer at an exercise price of CAD 0.08 per warrant share on any date prior to the date which is 60 months following the closing date of the financing or tranche thereunder. The financing will be subject to all applicable regulatory approvals, and any securities issued under the financing will be subject to a four-month-and-one-day hold period, pursuant to applicable securities laws of Canada. The company pay a 6% cash finder's fee on certain subscriptions under the financing, which excludes cash finders' fees on subscriptions by insiders who may, in turn, participate for greater than 25 per cent of the financing. Tillkännagivande • Nov 30
Red Lake Gold Inc. announced that it has received CAD 0.25 million in funding On November 29, 2024, Red Lake Gold Inc., closed the transaction. The transaction will include participation from Ryan Kalt. Tillkännagivande • Nov 05
Red Lake Gold Inc. announced that it expects to receive CAD 0.25 million in funding Red Lake Gold Inc announced a non-brokered private placement of 5,000,000 common share units at a price of CAD 0.05 per unit for gross proceeds of CAD 250,000 on November 4, 2024. Each unit shall consist of one common share and one common share purchase warrant that entitles the holder of a warrant, upon further payment to the corporation, to acquire one additional common share at an exercise price of CAD 0.05 per warrant share on any date prior to the date which is sixty months following the closing date of the financing or tranche thereunder. The corporation may pay a 6% cash finder’s fee on certain subscriptions under the financing, which excludes cash finder’s fees on subscriptions by insiders who may in turn participate for greater than 25% of the financing. If completed, either in part or in whole, the financing will be subject to all applicable regulatory approvals and a customary four-month and one day hold period on securities issued pursuant to applicable securities laws of Canada. Tillkännagivande • Oct 29
Red Lake Gold Inc., Annual General Meeting, Dec 20, 2024 Red Lake Gold Inc., Annual General Meeting, Dec 20, 2024. Tillkännagivande • Sep 11
Red Lake Gold Inc. Retains Fladgate Exploration Consulting Corporation for a Phase II Fall Soil Sampling Program at the Whirlwind Jack Gold Project Red Lake Gold Inc. announced that it has contracted Thunder Bay-based Fladgate Exploration Consulting Corporation (‘Fladgate’) to perform a follow-up field exploration program (the ‘Phase I Fall Soil Sampling Program’) at its Whirlwind Jack Gold Project (‘Whirlwind Jack’) located near Red Lake, Ontario. Based on its proprietary exploration work to-date, Red Lake Gold believes that its Whirlwind Jack Gold Project may host a westerly extension of a prominent regional fault, commonly referred to as the LP Fault, which has already been identified on a mining project that adjoins the Whirlwind Jack Gold Project (the Great Bear Project, being advanced by Kinross Gold Corporation). Red Lake Gold is seeking to determine if gold endowment also exists at its Whirlwind Jack Gold Project within the potential area of this interpreted westerly extension and now more specifical y, within priority areas of interest identified, in part, from exploration work done by the Corporation during 2024. To views held by Red Lake Gold, the Phase I Fall Soil Sampling Program is expected to more intensely focus within and close to a significant mag low corridor situated at the Whirlwind Jack Gold Project (compared to a broader project-wide soil sampling program completed earlier this year). As indicated, Red Lake Gold expects that the Phase I Fall Soil Sampling Program, which is scheduled to commence later this month, shall be fully funded using proceeds from the commission-free, non-brokered financing that the Corporation closed in September 2024. Red Lake Gold, through ongoing work by its management team, is engaged in the continuous process of prioritizing a core project area for the Whirlwind Jack Gold Project to forward-comprise and explore as capital access, field conditions and other relevant project and corporate-related material low. Red Lake Gold notes that both the Box Target and Bug Lake Target have been integrated within that currently identified core area. The Phase I Fall Soil Sampling Program will focus on collecting hundreds of infil samples in and around the more prominent results previously reported on at the Box Target and Bug Lake Target. Subject to successful completion, the Corporation currently anticipates receiving laboratory results for its Phase I Fall Soil Sampling Program approximately 6 to 7 weeks following completion of the in-field work. The Corporation shall endeavor to update shareholders on the results of the anticipated field program in the ordinary and appropriate course. The Corporation cautions that the exploration potential of and any exploration results from the Whirlwind Jack Gold Project may differ, material y, from exploration results of adjoining and/or regional projects, including but not limited to the adjacent Great Bear Project being advanced by Kinross Gold Corporation. Tillkännagivande • Sep 05
Red Lake Gold Inc. announced that it has received CAD 0.1925 million in funding On September 4, 2024. Red Lake Gold Inc. announces that it has closed its previously announced a non brokered financing of 3,500,000 common share units for issue price CAD 0.055 per share for gross proceeds CAD 192,500. The transaction includes participation from an individual investor, Ryan Kalt. The acquiror acquired 3,500,000 common share units on a direct basis for cash consideration of CAD 192,500. Tillkännagivande • Aug 23
Red Lake Gold Inc. announced that it expects to receive CAD 0.1925 million in funding Red Lake Gold Inc announced a non brokered financing of 3,500,000 common share units for issue price CAD 0.055 per share for gross proceeds CAD 192,500 on August 22, 2024. Each unit consists of one common share and one warrant. Each warrant to acquire common share at exercise price CAD 0.07 per warrant share The company has paid finder fee of 6%.The transaction is subject to regulatory approvals and four month hold period Tillkännagivande • Jul 09
Red Lake Gold Inc. announced that it expects to receive CAD 0.5 million in funding Red Lake Gold Inc. announced a non-brokered private placement of up to CAD 0.10 per share for the gross proceeds of CAD 500,000 on July 8, 2024. The corporation may pay a 6% cash finder fee on subscription under the financing, which excludes cash finder's fee on subscriptions by any insiders. If the financing is completed either in whole or through partial tranches, any common shares issued thereunder will be subject to all applicable regulatory approvals and a customary four-month and one day hold period on the common shares issued under the financing pursuant to applicable securities laws of Canada. Tillkännagivande • Apr 06
Red Lake Gold Inc. announced that it has received CAD 0.25 million in funding On April 5, 2024, Red Lake Gold Inc. closed the transaction. Tillkännagivande • Feb 08
Red Lake Gold Inc. announced that it expects to receive CAD 0.25 million in funding Red Lake Gold Inc. announced a non-brokered private placement of up to 2,000,000 common share units at a price of CAD 0.05 per unit for the gross proceeds of CAD 100,000 and 3,000,000 flow-through units at a price of CAD 0.05 per unit for the gross proceeds of CAD 150,000 for an aggregate proceeds of CAD 250,000 on February 7, 2024. Each unit will consist of one common share of the corporation and one common share purchase warrant that entitles the holder of a warrant, upon further payment to the corporation, to acquire one additional common share of the corporation at an exercise price of CAD 0.05 per warrant share on any date prior to the date which is 60 months following the closing date of the HD financing or tranche thereunder. Each flow-through Unit will consist of one common share of the corporation and one common share purchase warrant that entitles the holder of an FT Warrant, upon further payment to the corporation, to acquire one additional common share of the Corporation at an exercise price of CAD 0.05 per FT Warrant Common Share on any date prior to the date which is 60 months following the closing date of the Flow-Through Financing or tranche thereunder. he Corporation may pay a 6% cash finders fee on certain subscriptions under the HD Financing and/or the Flow-Through Financing, which excludes cash finders fees on subscriptions by Insiders who may in turn participate for greater than 25% of the HD Financing and/or Flow-Through Financing. Tillkännagivande • Dec 14
Red Lake Gold Inc. announced that it expects to receive CAD 0.05 million in funding Red Lake Gold Inc. announced a non-brokered private placement of up to 1,000,000 common share units at a price of CAD 0.05 per common share unit for gross proceeds of up to CAD 50,000 on December 13, 2023. Each unit will consist of one common share and one common share purchase warrant that entitles the holder of a warrant, to acquire one additional common share at an exercise price of CAD 0.06 per warrant share on any date prior to the date which is 36 months following the closing date of the common share unit financing or tranche thereunder. The company may pay a 6% cash finders fee on certain subscriptions under the common share financing, which excludes cash finders fees on any subscriptions by insiders. The common share unit financing is subject to all applicable regulatory approvals and the customary four-month hold period pursuant to applicable securities laws of Canada. New Risk • Oct 29
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$433k 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$433k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€2.44m market cap, or US$2.58m). Minor Risk Shareholders have been diluted in the past year (8.5% increase in shares outstanding). Tillkännagivande • Oct 07
Red Lake Gold Inc., Annual General Meeting, Dec 18, 2023 Red Lake Gold Inc., Annual General Meeting, Dec 18, 2023. New Risk • Jul 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.5% 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 (60% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€1.20m market cap, or US$1.35m). Minor Risk Shareholders have been diluted in the past year (8.5% increase in shares outstanding). Tillkännagivande • Jul 14
Red Lake Gold Inc. announced that it has received CAD 0.14 million in funding from Kalt Industries Ltd. On July 12, 2023, Red Lake Gold Inc. closed the transaction. The company has issued 2,800,000 flow-through shares at an issue price of CAD 0.05 for the gross proceeds of CAD 140,000. The corporation paid a 6% cash finder's fee on a minority segment of the flow-through financing involving 800,000 flow-through shares. The transaction included participation from new investor Kalt Industries Ltd. for 2,000,000 flow-through shares at an issue price of CAD 0.05 for the gross proceeds of CAD 1,000,000. Tillkännagivande • Jun 29
Red Lake Gold Inc. announced that it expects to receive CAD 0.175 million in funding Red Lake Gold Inc. announced a non-brokered private placement of up to 3,500,000 flow-through common shares at a price of CAD 0.05 for gross proceeds of up to CAD 175,000 on June 28, 2023. The transaction may include participation from insiders of the company for greater than 25% of the flow-through financing. The company may pay finder's fees equal to 6% in cash in the transaction. The securities issued are subject to a hold period of four month in accordance with applicable Canadian securities laws. The transaction is subject to receipt of all applicable regulatory approvals. Board Change • May 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. 3 experienced directors. No highly experienced directors. Independent Director Eugene Hodgson 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. 