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Red Metal Resources Ltd.

Company Detail

Description

Red Metal Resources Ltd., incorporated in 2005 as Red Lake Exploration Inc., is a US-based company headquartered in Thunder Bay, Ontario, which is aimed at acquiring, exploring, and developing gold, copper, and silver mining assets in Chile through its local subsidiary Minera Polymet Limitada. Red Metal Resources owns 100% interest in the projects Perth and Mateo, and in part of the project Farellón, all of them located in the IOCG belt of the Coastal Mountain Range of the Region of Atacama. In 2017, Red Metal Resources signed a Letter of Intention to sell its interests over the said properties to Power Americas Minerals Corp. in 25 millions of common shares of Power Americas and a one-time payment of US$250,000.

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