Red Metal Resources Ltd. (RMES) Financials
CSE: RMES · Copper, Gold · Exploration stage
- Market cap$4.9M
- Share price$0.080
- 52-week range$0.015 – $0.210
- Shares outstanding61,085,726
- ExchangeCSE
- Properties8
- Websitewww.redmetalresources.com
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company's current portfolio includes the Company’s Chilean projects, which are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera as well as the 100% owned Ville Marie claims in Quebec, and Larder Lake, Ontario, Canada. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on the OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF, and on the Frankfurt Stock Exchange under the symbol I660.
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Red Metal Resources Ltd. financial statements
Key figures read from 6 of 6 financial statement filings, Dec 23, 2021 to Sep 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jan 2026 | Jan 2025 | Jan 2022 | Jan 2021 | Feb 2020 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$455,165 | C$264,778 | C$474,317 | C$60,486 | C$13,054 |
| Total current assets | C$578,155 | C$356,300 | C$627,264 | C$61,759 | C$20,682 |
| Total current liabilities | C$2,378,332 | C$1,501,522 | C$247,400 | C$266,840 | C$581,931 |
| Working capital | (C$1,800,177) | (C$1,145,222) | C$379,864 | (C$205,081) | (C$561,249) |
| Exploration and evaluation assets | C$1,030,393 | C$969,445 | C$821,773 | C$900,463 | C$864,270 |
| Property, plant and equipment | C$22,659 | C$28,694 | C$22,637 | C$33,882 | C$1,056 |
| Total assets | C$1,631,207 | C$1,354,439 | C$1,471,674 | C$996,104 | C$886,008 |
| Debt | C$2,288,403 | C$2,039,862 | C$1,555,503 | C$1,416,602 | C$979,630 |
| Total liabilities | C$3,851,686 | C$3,171,998 | C$2,114,323 | C$1,813,614 | C$1,529,205 |
| Shareholders' equity | (C$2,220,479) | (C$1,817,559) | (C$642,649) | (C$817,510) | (C$643,197) |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jan 2026 | FY Jan 2025 | FY Jan 2022 | FY Jan 2021 | |
|---|---|---|---|---|
| Exploration and evaluation expense | C$494,295 | C$65,844 | C$307,669 | C$7,272 |
| General and administrative | C$213,255 | C$384,802 | C$444,590 | C$113,797 |
| Share-based compensation | C$0 | C$46,376 | C$327,070 | C$0 |
| Net income (loss) | (C$1,040,038) | (C$893,717) | (C$1,622,000) | (C$210,654) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jan 2026 | FY Jan 2025 | FY Jan 2022 | FY Jan 2021 | |
|---|---|---|---|---|
| Operating cash flow | (C$419,116) | (C$478,843) | (C$1,104,915) | (C$203,299) |
| Investing cash flow | C$0 | (C$5,000) | C$0 | (C$36,562) |
| Financing cash flow | C$609,229 | C$722,775 | C$1,515,574 | C$324,734 |
| Exploration spending (capitalized) | C$0 | (C$5,000) | — | — |
| Proceeds from share issues | (C$12,522) | (C$35,350) | — | — |
| Change in cash | C$190,387 | C$239,079 | C$413,831 | C$47,432 |
| Cash at end of period | C$455,165 | C$264,778 | C$474,317 | C$60,486 |
No financings are on record for Red Metal Resources Ltd. yet.
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