Red Metal Resources Announces Financing

Core Viewpoint - Red Metal Resources Ltd. is initiating a non-brokered private placement offering to raise up to C$750,000 through the issuance of units, aimed at financing general working capital and exploration activities on its Carrizal copper property in Chile [2][4]. Financing Details - The private placement offering will consist of up to 12,500,000 units priced at C$0.06 per unit, with each unit comprising one common share and one purchase warrant [2][3]. - Each warrant allows the purchase of one additional share at varying prices over three years: C$0.09 in the first year, C$0.12 in the second year, and C$0.15 in the third year [3]. Use of Proceeds - Proceeds from the offering will be allocated to general working capital and advancing exploration on the Carrizal copper project, which is positioned favorably due to a pro-business government in Chile and rising copper prices [4]. Company Overview - Red Metal Resources is focused on mineral exploration, particularly in clean energy and strategic minerals, with a portfolio that includes 100% ownership of Ville Marie claims in Quebec and projects in Chile's Candelaria IOCG belt [5].