Red Metal Resources Expands Quebec Hydrogen Holdings, Moves Forward with Chilean Copper Operations

Red Metal Resources Ltd. has strategically expanded its footprint in Quebec’s natural hydrogen sector while reinforcing its copper and gold interests in Chile. These recent moves highlight the company’s dual-focus approach: advancing sustainable energy in Canada and copper production in Chile.

Quebec Hydrogen Expansion

Red Metal has acquired four additional mineral claims in the Ville Marie region of Quebec, an area gaining attention due to natural hydrogen discoveries. The company’s expansion aligns with recent findings by Quebec Innovative Materials Corp. (QIMC), where substantial hydrogen-in-soil measurements have spurred exploration interest.

The move follows Red Metal’s aim to develop cleaner energy resources, with natural hydrogen emerging as a viable alternative for zero-carbon energy production.

• Land Acquisition: The new claims place Red Metal at the heart of Quebec’s growing hydrogen district.
• Exploration Plans: Funds from a recent financing initiative will support an initial exploration program on these claims.
• CEO Statement: Red Metal CEO Caitlin Jeffs remarked, “This acquisition signals our commitment to exploring sustainable energy solutions. Natural hydrogen could have a transformative impact on Quebec’s and Canada’s energy landscape.”

Chile: Steady Progress in the Candelaria Copper Belt

While establishing a foothold in Canada, Red Metal remains committed to its Carrizal Property in Chile’s mineral-rich Candelaria Iron Oxide Copper Gold (IOCG) Belt. Known for its substantial copper and gold deposits, this region remains a cornerstone for Red Metal.

• Ongoing Exploration: Exploration in the Carrizal region continues, with efforts focused on advancing the copper and gold potential of the property.
• Dual-Focused Approach: “Chile remains integral to our strategy,” says Jeffs. “Our projects in both Chile and Canada give us a balanced portfolio in minerals that are essential for both clean energy and industry.”

Financing for Future Growth

To fuel these projects, Red Metal has launched a private placement offering that could raise up to CAD 840,000. This financing includes two options for investors, each structured to support both exploration and operational needs.

Private Placement Breakdown

1. Flow-Through Units (FT Units):
   • Units Issued: Up to 3,000,000 at CAD 0.10 per unit
   • Intended Proceeds: CAD 300,000
   • Purpose: Specifically allocated for exploration in Quebec
2. Non-Flow-Through Units (Non-FT Units):
   • Units Issued: Up to 6,750,000 at CAD 0.08 per unit
   • Intended Proceeds: CAD 540,000
   • Purpose: General working capital and Chilean exploration expenses

Each unit includes a common share and a half warrant exercisable at CAD 0.12 within 18 months, making it an appealing option for investors looking to back Red Metal’s dual-exploration strategy.

Outlook

Red Metal’s expansions in Quebec and Chile mark significant steps forward for the company. By capitalizing on Quebec’s natural hydrogen potential and continuing copper exploration in Chile, Red Metal is positioning itself to meet future energy and mineral demands with a sustainable focus.

For more information:

• Red Metal Resources Provides Corporate Update and Announces Financing
• Red Metal Resources Expands Land Position in Natural Hydrogen District, Quebec

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