Red Metal Resources

What Red Metal Resources does

Red Metal Resources Ltd. is a publicly-listed (CSE: RMES) junior mineral exploration company headquartered in Vancouver, Canada, focused on acquiring, exploring and developing copper, gold, silver and cobalt assets in Chile's Candelaria Iron Oxide Copper-Gold (IOCG) belt. Its flagship Carrizal Copper-Gold-Cobalt Property comprises 21 contiguous exploitation concessions spanning 3,278 hectares in the Atacama Region and is organized into the Farellon and Perth projects. The company also operates an early-stage hydrogen, gold and PGE portfolio in Ontario and Quebec, Canada.

Core technical activities consist of conventional mineral exploration methods: LiDAR surveying, induced polarization (IP) geophysics, reverse circulation and diamond drilling, geological mapping and surface sampling. At Carrizal, modern work has confirmed surface grades up to 17.25% copper and 8.4 g/t gold over a 12+ kilometre strike extent and identified 30 veins and 4 new exploration targets.

The business model combines asset appreciation through exploration with royalty monetization: Red Metal's Chilean subsidiary Minera Polymet SpA holds 100% of the concessions and has signed a 5-year renewable mining lease with Minera KMT SpA for the Farellon 1/8 concession, entitling the company to a 10% revenue royalty on Cu/Ag/Au ore sales and 15% on cobalt-bearing ores (less a 1.5% NSR), with KMT required to extract a minimum of 2,500 tonnes per month after a seven-month development period. Ore is sold to ENAMI, Chile's national mining company. Capital formation occurs via non-brokered private placements (most recently C$1,000,000 in January 2026 upsized from C$750,000) and warrant exercises, while investor awareness is driven through multiple IR and marketing service providers.

Name

Red Metal Resources

Legal name

Red Metal Resources Ltd.

Website

https://redmetalresources.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Red Metal Resources is a CSE-listed junior mineral exploration company advancing copper, gold, silver and cobalt assets in Chile's Candelaria IOCG belt via its 3,278-hectare Carrizal Property, with a new hydrogen portfolio in Canada.

Ownership category

akta.pro rank

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH)

Keywords

• Mineral exploration
• Copper gold mining
• IOCG exploration
• Mining royalties
• Cobalt exploration

Headquarters

HQ city

Thunder Bay

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

Revenue model

1. Mining Royalty Revenue (Carrizal Lease): Red Metal's Chilean subsidiary Minera Polymet receives a 10% revenue stream on all copper, silver, and gold ore sales, and 15% for cobalt-bearing ores, from the Farellon 1/8 mineral concession leased to Minera KMT. KMT must extract a minimum of 2,500 tonnes of ore monthly after a seven-month development period. Prior artisanal mining (2015-2017) produced 528,168 lbs of copper, 2,829 oz of silver, and 95 oz of gold.
2. Equity Financing: Non-brokered private placement financing. The company closed a two-tranche financing raising aggregate gross proceeds of $997,298 (approximately C$1,000,000), issuing units at C$0.06 per unit comprising one common share and one warrant. Proceeds fund general working capital and exploration at the Carrizal copper project in Chile.
3. Warrant Exercise Proceeds: The company received gross proceeds of $397,500 from the exercise of 4,354,167 common share purchase warrants by three holders, including one insider. Funds are allocated to ongoing exploration programs and general working capital.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Red Metal Resources is a mineral exploration company focused on acquiring, exploring, and developing copper-gold-cobalt assets, primarily the Carrizal Copper-Gold-Cobalt Property (3,278 hectares across 21 mining concessions) in Chile's Candelaria IOCG belt. The company generates near-term revenue by leasing mining rights to local operators (Minera KMT, Minera Farellon) who extract ore sold to ENAMI, with Red Metal receiving a 10-15% royalty on ore sales. It also holds early-stage hydrogen, gold, and PGE prospects in Ontario and Quebec, Canada.

Product overview

Red Metal Resources Ltd. is a mineral exploration company operating a portfolio of copper-gold projects primarily in Chile's Atacama Region, with additional early-stage hydrogen and precious metals exploration in Canada. The core asset is the Carrizal Copper-Gold-Cobalt Property, which encompasses the Farellon and Perth projects in the prolific Candelaria IOCG belt. The company also holds the Mateo copper-gold-silver project and maintains a Canadian portfolio of hydrogen, gold, and PGE claims in Ontario and Quebec. The company generates revenue through mining lease agreements with local operators, such as the current arrangement with Minera KMT SpA at the Farellon project.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• LiDAR survey identified 4 new exploration targets, 30 veins (13 primary with confirmed mineralization), and 17 secondary structures at Carrizal Property.
• +3 more outcomes

Named customers3 records

Segments1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Spark NewswireminorGTM or Marketing Partner · 23 June 2026Red Metal engaged Spark Newswire for a two-month investor awareness campaign for an aggregate fee of US $125,000. Services include press releases, social media campaigns, and investment-thesis content to broaden investor awareness.
• Minera KMT SpAcoreChannel Partner/ Reseller/ Distributor · 14 May 2026Minera Polymet SpA (Red Metal's wholly owned Chilean subsidiary) signed a 5-year renewable mining lease agreement with Minera KMT SpA for the Farellon 1/8 mineral concession within the Carrizal Copper-Gold-Cobalt Property. KMT must extract a minimum of 2,500 tonnes of ore monthly after a seven-month development period, with Red Metal receiving 10% of sales from Cu, Ag, Au ores and 15% for cobalt-bearing ores. KMT will rehabilitate historic workings and begin mining at Level 7.
• Minera Polymet SpAcoreOthers · 14 May 2026Minera Polymet SpA is Red Metal Resources' wholly owned Chilean subsidiary that holds 100% of the Carrizal Property (21 mining concessions totaling 3,278 hectares). Polymet executes the mining lease with KMT and receives royalty payments on ore sales.
• Geophysical Studies ChilecoreImplementation/ SI/ Consulting Partner · 28 April 2026Geophysical crew from Geophysical Studies Chile out of La Serena, Chile, mobilized to the Carrizal Property to conduct an induced polarization (IP) survey spanning 37 line-kilometres. The survey collects chargeability data associated with sulfide mineralization to depths of approximately 500 metres, covering two target grids: 25 line-km northern grid and 12 line-km southwestern grid.
• RCMA Capital Inc.minorGTM or Marketing Partner · 8 April 2026Red Metal engaged RCMA Capital Inc. to provide marketing services for a three-month period beginning April 8, 2026, at a cost of $3,000 per month. Services include developing corporate marketing strategy, public relations advisory, investor outreach, and distribution through various channels including digital marketing, social media, and email. The companies deal at arm's length.
• Jemini CapitalminorGTM or Marketing Partner · 19 February 2026Red Metal engaged Jemini Capital for investor relations and marketing services effective February 19, 2026, for a minimum four-month term at $5,000 per month plus 500,000 stock options. Jemini Capital, founded in 2014, has reportedly advised on over $400 million in financings and specializes in natural resources and technology sectors.
• Revonergy Inc.minorChannel Partner/ Reseller/ DistributorRevonergy Inc. (UK-based) signed a joint venture earn-in agreement to earn up to 50% interest in the Perth Property by completing exploration programs costing at least $1.415 million and a feasibility study. Revonergy did not meet its option commitments and the agreement was nullified. Revonergy completed 30 drillholes totaling 3,956 metres on the Perth Property before the agreement lapsed.
• Geoactiva SPAminorChannel Partner/ Reseller/ DistributorGeoactiva SPA (part of Mineria Activa, a private equity group focused on mining in Chile) signed an option agreement to earn 100% interest in the Perth Property by making payments totaling US$1,000,000 and incurring US$3,500,000 in exploration expenditures over four years. Polymet retains a 1.5% NSR. Geoactiva subsequently did not continue the option.
• Minera FarelloncoreChannel Partner/ Reseller/ DistributorMinera Farellon (an affiliated Chilean artisanal mining company) conducts small-scale mining on the Farellon property, selling ore to ENAMI and paying a 10% gross revenue royalty to Minera Polymet. Minera Farellon received permits for up to 5,000 tonnes per month and ENAMI grants and loans for development costs.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat3 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/red-metal-resources-ltd.

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Red Metal Resources