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The latest announcement is out from Red Metal Resources Ltd. ( (TSE:RMES) ).
On February 20, 2025, Red Metal Resources Ltd. announced plans for a Phase 1 work program for its newly acquired, 100% owned mineral claims in Quebec and Ontario, aimed at exploring hydrogen and other mineral discoveries. The claims are strategically located near Quebec Innovative Materials Corp.’s hydrogen discovery, and Red Metal intends to conduct geophysical surveys and data compilations to advance exploration efforts, potentially impacting the company’s position in the clean energy sector.
More about Red Metal Resources Ltd.
Red Metal Resources Ltd. is a mineral exploration company focused on acquiring, exploring, and developing clean energy and strategic minerals projects. The company’s portfolio includes seven separate mineral claim blocks highly prospective for hydrogen, covering 172 mineral claims and totaling over 4,546 hectares in Ville Marie, Quebec, and Larder Lake, Ontario, Canada. Additionally, Red Metal has a Chilean copper project located in the Candelaria iron oxide copper-gold belt of Chile’s coastal Cordillera.
YTD Price Performance: 8.33%
Average Trading Volume: 64,125
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.4M
For an in-depth examination of RMES stock, go to TipRanks’ Stock Analysis page.
