STOCK TITAN

RED METAL RESOURCES LTD - RMESF STOCK NEWS

Welcome to our dedicated page for RED METAL RESOURCES news (Ticker: rmesf), a resource for investors and traders seeking the latest updates and insights on RED METAL RESOURCES stock.

Red Metal Resources Ltd. (RMESF) is a mineral exploration company with a focus on acquiring, exploring, and developing copper-cobalt-gold assets in Chile. The company's projects are situated in Chile's Candelaria iron oxide copper-gold (IOCG) belt, known for its rich mineral resources. Red Metal Resources is committed to growth and innovation in the mining industry.

With a strong presence in the industry, Red Metal Resources is dedicated to advancing its exploration plans and capitalizing on opportunities in the market. The company's management team brings a wealth of experience and expertise to the table, ensuring that Red Metal Resources remains at the forefront of mineral exploration and development.

Rhea-AI Summary

Red Metal Resources (CSE: RMES) (OTC: RMESF) has executed a Definitive Agreement to acquire a 100% interest in three mineral claims packages in Ontario's Larder Lake Mining District. The acquisition covers 149 mineral claims totaling 3,246 hectares, located near recent hydrogen discoveries. The company's total portfolio now includes seven packages with 172 mineral claims covering 4,546 hectares. The acquisition terms include an $8,000 payment and issuance of 2.25 million common shares, with no royalty obligations. The claims are situated near Quebec Innovative Materials Corp.'s recent hydrogen-in-soil discovery of over 1,000 ppm. Red Metal is planning exploration programs including gas sampling, underwater surveys, and geophysical studies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Red Metal Resources has engaged two firms for investor awareness and digital marketing. Investment-Zirkel-München (IZM) will provide German language investor awareness services for a two-year term at CAD$25,000, offering access to investors across Germany, Switzerland, and Austria. Additionally, Free Market Media will conduct digital media and awareness campaigns for US$50,000 over 90 days.

The company has also closed part of its previously announced acquisition of mineral claims near Quebec Innovative Materials Corp's Hydrogen sample discovery. Red Metal has paid $5,000 plus GST and issued 1.1 million shares for 11 approved claims, with 500,000 shares reserved for eight pending claim applications.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Red Metal Resources (CSE: RMES, OTC: RMESF, FSE: I660) has announced the appointment of Matt Parent to its Board of Directors. Parent brings over 35 years of business experience in strategy and operations, with a background in founding businesses in transportation and logistics. He holds a Bachelor of Commerce from the University of Windsor and an accounting degree from Athabasca University, along with various securities certifications. The company's Board now consists of six members, including CEO Caitlin Jeffs. Red Metal Resources focuses on clean energy and strategic minerals projects, with assets in Quebec, Canada, and Chile's Candelaria IOCG belt.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
Rhea-AI Summary

Red Metal Resources (CSE: RMES, OTC: RMESF) has acquired a 100% interest in four additional mineral claims adjacent to Quebec Innovative Materials Corp.'s (QIMC) natural hydrogen discovery area. The new claims are located north of QIMC's 11 km expansion zone, where recent soil gas measurements recorded high hydrogen levels of 594, 543, and 463 ppm. Red Metal's total holdings now comprise four separate packages covering 23 cells and over 1,300 hectares. The company acquired these new claims for CA$5,000 with no future royalty obligations. Red Metal is planning an initial exploration program and evaluating additional acquisitions in this emerging natural hydrogen district.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Red Metal Resources (CSE: RMES) (OTC: RMESF) has executed a Definitive Agreement to acquire a 100% interest in three mineral claim packages near Ville Marie, Quebec. The claims are contiguous to Quebec Innovative Materials Corp.'s recent hydrogen discovery of over 1,000 ppm. The acquisition covers 19 cells totaling over 1,100 hectares, with 11 claims already approved. The company will pay $5,000 plus GST and issue up to 1.6 million common shares, with 1.1 million shares issued for the approved claims and 500,000 shares reserved for pending approvals. Red Metal is planning comprehensive exploration programs including AI mapping, gas sampling, and geophysical surveys.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

Red Metal Resources (CSE: RMES) (OTC PINK: RMESF) has announced plans for a Hydrogen exploration program on its mineral claims contiguous to Quebec Innovative Materials Corp.'s recent Hydrogen sample discovery of over 1,000 ppm. The company's claims, covering over 1,100 hectares, are located in the Timiskaming Graben formation, approximately 15 km north of Ville Marie, Quebec.

The exploration program may include AI and target mapping algorithms, gas sampling, geophysical surveys, and drone-based remote sensing. Red Metal is currently formulating a detailed exploration plan. Additionally, the company has retained Aktiencheck.de AG for a European marketing awareness program, set to commence on October 23rd, 2024, for up to three months at a pre-paid cost of EUR 50,000.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-28.09%
Tags
none
Rhea-AI Summary

Red Metal Resources (CSE: RMES) (OTC Pink: RMESF) has signed a Letter of Intent (LOI) to acquire a 100% interest in three mineral claim packages near Ville Marie, Quebec. The claims, totaling over 1,100 hectares, are contiguous to Quebec Innovative Materials Corp.'s recent hydrogen discovery of over 1,000 ppm. Located in the Timiskaming Graben formation, the claims are approximately 15 km north of Ville Marie and accessible by road.

Red Metal plans to begin initial exploration, including gas sampling from soil, underwater surveys, and geophysical surveys to detect deep structures. The company views this acquisition as an opportunity to expand its clean energy portfolio. The LOI includes a two-week due diligence period, a non-refundable deposit of $5,000 plus GST, and the issuance of 1,600,000 common shares of the company.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
624.64%
Tags
-
Rhea-AI Summary

Red Metal Resources (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) has announced the grant of stock options to directors, officers, management company employees, and consultants. The key details are:

1,200,000 stock options granted

Exercise price: $0.12 per common share

Vesting: Immediate

Expiration: Two years from the grant date

The options for directors and officers will not be subject to a hold period, while those for management company employees will have a four-month and one-day hold period. Red Metal Resources is a mineral exploration company focused on copper-cobalt-gold assets in Chile's Candelaria iron oxide copper-gold belt.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Red Metal Resources (CSE: RMES) (OTC Pink: RMESF) has entered into a 14-month advertising and investor awareness campaign agreement with Investing News Network (INN). The campaign, starting September 3, 2024, aims to introduce Red Metal to INN's audience of educated, active investors through various methods including enhanced advertiser profiles, news marketing, and dedicated emails. The agreement costs $86,400 plus GST.

Caitlin Jeffs, President and CEO of Red Metal, expressed excitement about the partnership, highlighting INN's reputation in the investor community. The campaign will focus on communicating the value of the Carrizal project, an advanced exploration property with high-grade copper mineralization. Red Metal Resources is a mineral exploration company focused on copper-cobalt-gold assets in Chile's Candelaria iron oxide copper-gold (IOCG) belt.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.11%
Tags
none
Rhea-AI Summary

Red Metal Resources (CSE: RMES) (OTC Pink: RMESF) has announced significant changes to its board and management. Gregg Jensen has resigned as director, President, CEO, and Corporate Secretary due to personal reasons, effective August 15, 2024. Caitlin Jeffs will assume these management positions starting August 16, 2024. Additionally, Brian Gusko, the current VP of Finance, will join the Board of Directors. Gusko, who has extensive board experience in the mining sector, expressed enthusiasm about the potential of the Farellon Project in Chile, which has undergone over 9,000 meters of drilling. The new Board of Directors now consists of Caitlin Jeffs, Cody McFarlane, Michael Thompson, Marian Myers, and Brian Gusko.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management

FAQ

What is the current stock price of RED METAL RESOURCES (rmesf)?

The current stock price of RED METAL RESOURCES (rmesf) is $0.041 as of January 23, 2025.

What is the market cap of RED METAL RESOURCES (rmesf)?

The market cap of RED METAL RESOURCES (rmesf) is approximately 4.5M.

What is Red Metal Resources Ltd. focused on?

Red Metal Resources is focused on acquiring, exploring, and developing copper-cobalt-gold assets in Chile.

Where are Red Metal Resources' projects located?

The company's projects are located in the Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera.

What event will Red Metal Resources be attending?

Red Metal Resources will be exhibiting at the annual PDAC convention, a prominent mineral exploration and mining event.

What are the symbols under which Red Metal Resources is quoted?

Red Metal Resources is quoted on the CSE under the symbol RMES and on the OTC Pink marketplace under the symbol RMESF.

What is the contact information for Red Metal Resources?

You can reach Red Metal Resources Ltd. at 1-866-907-5403 or via email at invest@redmetalresources.com.

What are the forward-looking statements provided by Red Metal Resources?

Red Metal Resources provides forward-looking statements to convey information about current expectations and plans relating to the future of the company.

Where can I find more information about Red Metal Resources?

For more information, visit the company's official website at www.redmetalresources.com.

What risks and uncertainties are associated with Red Metal Resources' operations?

Risks and uncertainties include exploration findings, ability to raise financing, market risks, and economic circumstances.

Has the CSE approved the contents of Red Metal Resources' news release?

The CSE has not approved or disapproved the contents of Red Metal Resources' news release or passed upon the merits of any transactions described therein.

What is the mission of Red Metal Resources?

Red Metal Resources is committed to growth and innovation in the mining industry, advancing its exploration plans, and capitalizing on market opportunities.
RED METAL RESOURCES LTD

OTC:RMESF

RMESF Rankings

RMESF Stock Data

4.47M
31.83M
20.51%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Vancouver