Red Metal Resources Ltd. announces that it has closed the second and final tranche of its previously announced non-brokered private placement financing by issuing 7,496,633 units of the Company at a price of $0.06 per Unit for gross proceeds of $449,798 . The first tranche of the Offering consisted of the sale of 9,125,000 Units for aggregate gross proceeds of $547,500, and together with the Second Tranche, the aggregate [...]
Red Metal Resources Ltd. is pleased to announce it has commenced a detailed LiDAR survey over the Carrizal property, focusing on the Farellon Project. Highlights Data collection is expected to be completed between February 2nd and 8th. LiDAR provides high-resolution, three-dimensional maps of surface features at cm scale resolution. It operates by emitting laser pulses toward the ground from an aircraft or a drone and [...]
Red Metal Resources Ltd. announces that it has closed the first tranche of its previously announced non-brokered private placement financing by issuing 9,125,000 units of the Company at a price of $0.06 per Unit for gross proceeds of $547,500 . Caitlin Jeffs, President & CEO, commented: "We are very pleased with the strong support shown in this first tranche. The participation from both new and existing shareholders [...]
Red Metal Resources Ltd. is pleased to announce that due to overwhelming positive response from investors, Red Metal has increased the size of its previously announced non-brokered private placement from C$750,000 to up to C$1,000,000. The Company now intends to issue up to 16,666,667 units at a price of C$0.06 per Unit for total gross proceeds of up to C$1,000,000 . Each Unit will consist of one common share in the [...]
Red Metal Resources Ltd. is pleased to announce a financing. Private placement offering Red Metal announces a non-brokered private placement offering for gross proceeds of up to C$750,000 for an aggregate of up to 12,500,000 units . The Company intends to raise up to $750,000 by issuing an aggregate of up to 12,500,000 units at a price of $0.06 per unit . Each Unit shall be comprised of one common share in the capital of [...]
Red Metal Resources Ltd. is pleased to announce it has mobilized crews and collected UAV supported magnetic survey data over the Company's Point Piche Property in Lake Timiskaming in the Témiscamingue Graben region. The survey is being conducted by Fladgate Exploration Consulting out of Thunder Bay, ON, using a 15-meter detailed line spacing while flying at very low elevation over the lake. Low elevation and closely [...]
Red Metal Resources Ltd. is pleased to announce it has received results from the sampling and mapping work program, which was designed to follow up on and extend previously identified veins that make up approximately 15km of veining extending along strike from the historic Carrizal Alto mine. Highlights Significant sample returns of 17.3% Cu with 5.0 g/t Au, 7.1% Cu with 8.4g/t Au, and 6.8% Cu with 7.0 g/t Au in the South [...]
Red Metal Resources Ltd. is pleased to announce it has now commenced an extensive sampling and mapping work program to follow-up on and extend previously identified veins that make up approximately 15km of veining extending along strike from the historic Carrizal Alto mine. This active 2025 work program will continue work delineating the vast vein system on Carrizal property and aid in refining future drill targets. All [...]
Red Metal Resources Ltd. is pleased to announce planning is underway for an extensive 2025 work program to follow-up on and extend previous sampling discoveries of 5.77% Cu, 1.55% Co and 0.11 g/t Au along two kilometres of strike to the north of 2022 drilling on the "Farellon" structure at its highly prospective Carrizal IOCG Property, located in the prolific Candelaria iron oxide copper-gold belt of Chile's coastal [...]
Red Metal Resources Ltd. is pleased to announce 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 [...]
Red Metal Resources Ltd. is pleased to announce that it has executed a Definitive Agreement with an arm's length vendor to acquire a 100% interest in three separate mineral claims packages, highly prospective for Hydrogen located in the Larder Lake Mining District of Ontario, along the Quebec border near the town of Ville-Marie, QC. These claim blocks consist of three separate packages, covering 149 mineral claims and [...]
Red Metal Resources Ltd. is pleased to announce that it has completed the first tranche of the non-brokered private placement described in its news release of October 31, 2024. In connection with the closing of the first tranche of the Offering, the Company issued an aggregate of 3,000,000 flow-through units at a price of CDN$0.10 per Unit for gross proceeds of CDN$300,000. Each FT Unit consists of one flow-through common [...]