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. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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). Share price has been highly volatile over the past 3 months (104% average daily change). 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 (€606.9k 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 Less than 1 year of cash runway based on free cash flow trend (-CA$241k free cash flow). Shares are highly illiquid. 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 (€359.3k market cap, or US$384.8k). Board Change • Jun 10
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 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.