Red Metal Resources Ltd. was incorporated in Nevada on January 10, 2005, as Red Lake Exploration, Inc. We changed our name to Red Metal Resources Ltd. on August 27, 2008.
On August 21, 2007, we formed Minera Polymet Limitada ("Polymet"), a limited liability company, under the laws of the Republic of Chile. On September 28, 2015 we changed Polymet's incorporation from Limited Liability Company to a Closed Stock Corporation ("SpA"). We own 99% of Polymet, which holds our Chilean mineral property interests. To comply with Chilean legal requirements, 1% of Polymet is owned by a Chilean resident, an experienced manager who has organized an office and other resources for us to use. Polymet's office is located in Vallenar, III Region of Atacama, Chile. When we refer to "Red Metal", the "Company", "we", "us" or "our" in this report, we mean Red Metal Resources Ltd. together with Minera Polymet SpA.
We are a start-up mineral exploration company with no material revenue generating operations. We are in the business of acquiring and exploring mineral claims. All of our claims are located in the III Region of Atacama, Chile. To date we have not determined whether our claims contain mineral reserves that are economically recoverable and have not produced revenues from our principal business.