RMESF
Red Metal Resources Ltd.0.0114
+0.0064+128%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
456.41KP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
10-Q
Q2 FY2022 results
Red Metal Resources posted a Q2 net loss of $312k, up sharply from $43k last year, driven by $85k mineral exploration costs and $82k professional fees for CSE listing efforts—yet cash swelled to $908k after $478k unit offering and $778k subscription receipts (held in trust pending exchange listing). Operating cash burn hit $403k YTD, offset by financing inflows; related-party notes payable grew to $1.2M at 8%. Shares outstanding rose to 45M. Funds fuel Farellón drilling prep. COVID curbs Chilean claim registrations.
8-K
Adopts 10% rolling option plan
Red Metal Resources adopted a rolling 10% stock option plan effective July 13, 2021, reserving options for up to 10% of issued common shares to attract and retain directors, employees, and consultants. The board sees it aligning interests with shareholders while boosting growth. Options carry a four-month-plus-one-day hold period. Shareholder approval may lift certain limits.
8-K
Closes CAD$969K subscription receipts
Red Metal Resources closed its non-brokered private placement of 6,460,872 subscription receipts at CAD$0.15 each on June 15, 2021, raising CAD$969,131 in escrowed proceeds. Funds release upon Canadian exchange listing; each converts to one share plus warrant (CAD$0.30/$0.60 exercise). Proceeds advance Carrizal copper-gold-cobalt property. Escrow deadline September 30, 2021.
10-Q
Q1 FY2022 results
Red Metal Resources posted a Q1 FY2022 operating loss of $110K, up 183% y/y from $39K, driven by new consulting fees ($28K) and professional fees ($43K) for its BC continuation and offerings, plus higher mineral exploration ($9K) ahead of summer drilling at Farellón. Net loss hit $133K versus $18K profit last year, widened by $22K interest on related-party notes (8% rate, due 2022+ totaling $1.2M) without prior debt forgiveness. Cash climbed to $102K on $140K financing inflows, including $88K unit subscriptions and $34K loans, trimming working capital deficit to $143K. Unit offering closed May 17 for $478K. Ongoing COVID-19 restrictions cloud financing.
8-K
Closes CAD$577K placement
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