Red Metal Resources Ltd. (RMES.CN)
Red Metal Resources Ltd. operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Vancouver, BC, CA. The stock last traded at $0.17, up 12.90% on the session, giving a market capitalisation of $7.0M. Its beta of -6.13 implies it has historically moved less than the broad market.
Headquartered in Vancouver, Canada, Red Metal Resources Ltd. specializes in identifying, acquiring, and advancing mineral properties across Chile. The company primarily targets deposits of copper, gold, cobalt, and silver. Its premier asset is the Farellón project, comprising eight mining concessions that span approximately 1,234 hectares within Chile's Carrizal Alto mining district. Additionally, Red Metal holds interests in the Perth property, which includes thirteen concessions covering 2,044 hectares in Northern Chile, and the Mateo project, consisting of five mineral concessions totaling 182 hectares. The enterprise was founded in 2005 and underwent a name change in August 2008, transitioning from its former identity as Red Lake Exploration, Inc.
Red Metal Resources Ltd. is most often compared with the following Basic Materials names: