Red Metal Resources Ltd. (RMES) Financings
CSE: RMES · Copper, Gold · Exploration stage
- Market cap$5.5M
- Share price$0.090
- 52-week range$0.015 – $0.210
- Shares outstanding61,085,726
- ExchangeCSE
- Properties8
- Websitewww.redmetalresources.com
Red Metal Resources is a mineral exploration company focused on growth through acquiring, exploring and developing clean energy and strategic minerals projects. The Company's current portfolio includes the Company’s Chilean projects, which are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera as well as the 100% owned Ville Marie claims in Quebec, and Larder Lake, Ontario, Canada. Red Metal is quoted on the Canadian Securities Exchange under the symbol RMES, on the OTC Link alternative trading system on the OTC Pink marketplace under the symbol RMESF, and on the Frankfurt Stock Exchange under the symbol I660.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Red Metal Resources Ltd. financial statements
Key figures read from 3 of 3 financial statement filings, Dec 23, 2021 to Jul 13, 2022. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jan 2022 | Jan 2021 | Feb 2020 | |
|---|---|---|---|
| Cash and equivalents | C$474,317 | C$60,486 | C$13,054 |
| Total current assets | C$627,264 | C$61,759 | C$20,682 |
| Total current liabilities | C$247,400 | C$266,840 | C$581,931 |
| Working capital | C$379,864 | (C$205,081) | (C$561,249) |
| Exploration and evaluation assets | C$821,773 | C$900,463 | C$864,270 |
| Property, plant and equipment | C$22,637 | C$33,882 | C$1,056 |
| Total assets | C$1,471,674 | C$996,104 | C$886,008 |
| Debt | C$1,555,503 | C$1,416,602 | C$979,630 |
| Total liabilities | C$2,114,323 | C$1,813,614 | C$1,529,205 |
| Shareholders' equity | (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 2022 | FY Jan 2021 | |
|---|---|---|
| Exploration and evaluation expense | C$307,669 | C$7,272 |
| General and administrative | C$444,590 | C$113,797 |
| Share-based compensation | C$327,070 | C$0 |
| Net income (loss) | (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 2022 | FY Jan 2021 | |
|---|---|---|
| Operating cash flow | (C$1,104,915) | (C$203,299) |
| Investing cash flow | C$0 | (C$36,562) |
| Financing cash flow | C$1,515,574 | C$324,734 |
| Change in cash | C$413,831 | C$47,432 |
| Cash at end of period | C$474,317 | C$60,486 |
Red Metal Resources Ltd. financings
1 financing announced or closed by Red Metal Resources Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-07 | Red Metal Resources Ltd. (RMES) | Private placement, non-brokered | Closed, 2 tranches | $1.0M | $0.060 | Red Metal Resources Announces Financing |
Red Metal Resources Ltd. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Red Metal Resources Ltd. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2024-05-11 | Loan, amended | — | C$1.91M | 8% |
Related lists
- Copper stocks
- CSE copper stocks
- Copper explorers
- Ontario copper stocks
- Canada copper stocks
- Quebec copper stocks
- Chile mining stocks
- Ontario mining stocks
- Canada mining stocks
- Quebec mining stocks
- CSE mining stocks