#Chile #Red Metal Resources #Vallenar

Red Metal's Operational Update Following Heavy Rain in Vallenar

Overview
Red Metal Resources Ltd. has announced an operational update regarding the impact of recent rainfall in the Vallenar region of Chile. This development comes after the company experienced severe weather conditions that affected the accessibility of its Carrizal Copper-Gold-Cobalt Property. The heavy rainfall was recorded between July 15 and July 19, 2026, resulting in about 104 millimeters of precipitation, significantly exceeding the area’s annual average of 30 to 55 millimeters.

Safety Measures Taken
During this period, the road conditions became hazardous, prompting Red Metal to take immediate action. The induced polarization (IP) survey crew was temporarily pulled from the site to ensure their safety. This decision was supported by Geophysical Studies Chile, the geophysical contractor, which prioritized crew well-being over operational timelines. Fortunately, mining operations at the Carrizal Property proceeded without any interruptions during this time.

Caitlin Jeffs, the President and CEO of Red Metal Resources, expressed satisfaction that their mining operator, Minera KMT, continued operations effectively by implementing diversion trenches to manage water flow away from the mine entrance. Their proactive approach allowed mining activities to move forward seamlessly despite the adverse weather conditions. Jeffs also extended thoughts and support to communities adversely affected by the storms in the Atacama and Huasco regions.

Recent Developments and Work Completed
In addition to navigating the challenges posed by the rainfall, Red Metal has made significant progress in its projects this year. Here are several notable advancements:

• - The company successfully closed a non-brokered private placement financing early in 2026, enhancing its financial resources.
• - They completed a LiDAR survey and structural interpretation for the Carrizal Property, which serves to illuminate the site’s geological framework.
• - A lease and royalty agreement with Minera KMT for the Farellon 1/8 concession has been established, facilitating small-scale mining and ongoing underground development.
• - Red Metal is in the midst of conducting an extensive three-dimensional IP survey across high-priority blocks, having recently reported promising initial results.

Next Steps for Red Metal
Looking ahead, the company is poised to continue its IP survey as road conditions improve. While small-scale mining operations at the Farellon 1/8 concession will carry on under the established lease terms, further updates on the IP program and subsequent drilling targets will be communicated in due course.

About Red Metal Resources Ltd.
Red Metal Resources focuses on mineral exploration aimed at expanding and developing clean energy and strategic minerals projects. With projects based in the renowned Candelaria Iron Oxide Copper-Gold (IOCG) belt of Chile, alongside their 100% owned Ville Marie claims in Quebec, Canada, the company seeks to capitalize on growth opportunities in the sector. The organization is publicly traded under the symbol RMES on the CSE, RMESF on the OTC Link, and I660 on the Frankfurt Stock Exchange, indicating a robust presence in the financial markets.

In summary, while the recent rainfall presented challenges, Red Metal Resources continues to progress with operational updates and emphasizes safety as its utmost priority. They remain committed to transparency and will keep stakeholders informed as developments unfold.