14 June 2019quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $66 thousand for the period ended 2019-07-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 May 2019late filing notice▼ Bad
RED METAL RESOURCES, LTD. notified the SEC that its annual report would be filed late.
13 Mar 2019director interest notice● Neutral
Mcfarlane Cody Michael became a RED METAL RESOURCES, LTD. director and company insider (initial ownership filing).
11 Mar 2019director interest notice● Neutral
Cocks Jeffrey became a RED METAL RESOURCES, LTD. director and company insider (initial ownership filing).
17 Dec 2018quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $57 thousand for the period ended 2018-10-31.
14 Sept 2018quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $57 thousand for the period ended 2018-10-31.
19 June 2018quarterly activities report● Neutral
RED METAL RESOURCES, LTD. reported a quarterly net income of $75 thousand for the period ended 2018-07-31.
15 June 2018late filing notice▼ Bad
RED METAL RESOURCES, LTD. notified the SEC that its quarterly report would be filed late.
30 Apr 2018late filing notice▼ Bad
RED METAL RESOURCES, LTD. notified the SEC that its annual report would be filed late.
15 Dec 2017quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $85 thousand for the period ended 2017-10-31.
14 Sept 2017quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $85 thousand for the period ended 2017-10-31.
16 June 2017quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $84 thousand for the period ended 2017-07-31.
15 June 2017late filing notice▼ Bad
RED METAL RESOURCES, LTD. notified the SEC that its quarterly report would be filed late.
6 Mar 2017material agreement● NeutralMajor
On Feb 28, 2017 the company signed a non-binding-style letter of intent with Power Americas Minerals Corp to sell, through three successive options, its Farellon, Perth and Mateo properties in Chile for 25 million Power Americas shares plus a one-time US$250,000. Farellon comes first (10 million shares plus the US$250,000, within five business days of TSX Venture Exchange acceptance), then Perth (10 million shares or special warrants), then Mateo (5 million shares or special warrants). The deal needs TSXV approval and each later option is at Power Americas' choice. This follows the TomaGold share-sale LOI of 2016; the filing does not say what happened to that LOI, so it remains unresolved here.
15 Dec 2016quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $77 thousand for the period ended 2016-10-31.
22 Sept 2016material agreement● NeutralMajor
On September 16, 2016 the company signed a non-binding letter of intent with TomaGold Corporation for TomaGold to acquire all 34,290,302 shares for total consideration of CAD$3,250,000. Up to CAD$500,000 would be paid in cash towards the company's debts and the rest in TomaGold class A shares priced at the 20-day average, with a floor of CAD$0.15 and cap of CAD$0.20. The deal requires a definitive agreement, TomaGold raising CAD$700,000, and shareholder, court and exchange approvals; the letter lapses on November 15, 2016 unless extended. A CAD$175,000 break-up fee applies in set circumstances. If completed, shareholders would be bought out for TomaGold shares, but this is not yet agreed.
14 Sept 2016quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $77 thousand for the period ended 2016-10-31.
14 June 2016quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $72 thousand for the period ended 2016-07-31.
14 Dec 2015quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $85 thousand for the period ended 2015-10-31.
14 Sept 2015quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $85 thousand for the period ended 2015-10-31.
18 June 2015material agreement● Neutral
The subsidiary signed the delayed option on the 235-hectare Exeter claim next to Farellón, this time with Minera Stamford S.A. rather than the vendor named in the 2014 memorandum. It pays US$150,000 over four years (US$25,000 on signing), only if the company keeps the option, and the vendor keeps a 1.5% royalty that can be bought out for US$750,000. This completes the Exeter part of the May 2014 memorandum; the CEO says it completes the property acquisition plans for the project.
15 June 2015quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported a quarterly net loss of $90 thousand for the period ended 2015-07-31.
19 Dec 2014material agreement● NeutralMajor
The subsidiary signed an option on the 252-hectare Quina claim next to Farellón, under the May 2014 memorandum of understanding. The price is US$150,000 in cash and shares over four years, payable only if the company keeps the option, with a 1.5% royalty to the vendor that can be bought out for US$1,500,000. The second concession in the memorandum (Exeter) is delayed, with only a verbal agreement to extend. The attached news release also says Geoactiva notified the company it will not continue the Perth option, after completing its required exploration (30 drill holes, 3,956 metres); this ends the April 2013 Perth deal, which had been the company's cash-flow hope. The release does not say whether payments beyond those already made were received.
12 Dec 2014quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported quarterly revenue of $3 thousand and a net loss of $92 thousand for the period ended 2014-10-31.
12 Sept 2014quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported quarterly revenue of $3 thousand and a net loss of $92 thousand for the period ended 2014-10-31.
12 June 2014quarterly activities report▼ Bad
RED METAL RESOURCES, LTD. reported quarterly revenue of $3 thousand and a net loss of $104 thousand for the period ended 2014-07-31.
4 June 2014material agreement▲ GoodMajor
On May 27, 2014 the Chilean subsidiary signed a memorandum of understanding with David Marcus Mitchell for an option on two mining concessions next to the Farellón property. The total price is US$300,000 in cash and company shares over four years, payable only if the company keeps the option alive, and the vendor keeps a 1.5% royalty that can be bought out for US$1,500,000. Any shares issued would be priced on a 30-day average and would dilute existing holders. This extends the Farellón project area; the final option agreement is not yet signed.
7 Mar 2014director interest notice● Neutral
RED METAL RESOURCES, LTD. President, CEO Jeffs Caitlin received a stock option grant for 300,000 shares.
7 Mar 2014director interest notice● Neutral
RED METAL RESOURCES, LTD. Vice President Exploration Thompson Michael received a stock option grant for 300,000 shares.
4 Mar 2014director interest notice● Neutral
RED METAL RESOURCES, LTD. Chief Financial Officer Dacosta Joao received a stock option grant for 300,000 shares.