RED METAL RESOURCES, LTD.

CIK:0001358654|SEC Filings

Consolidated Statements of Comprehensive Loss	12 Months Ended
Consolidated Statements of Comprehensive Loss	Jan. 31, 2025 $ / shares	Jan. 31, 2025 CAD ($) shares	Jan. 31, 2024 $ / shares	Jan. 31, 2024 CAD ($) shares	Jan. 31, 2023 $ / shares	Jan. 31, 2023 CAD ($) shares
Operating expenses:
Amortization expense		$ 10,451		$ 15,797		$ 18,918
Consulting fees		123,407		110,000		187,520
General and administrative expense		261,395		118,184		340,975
Impairment of exploration and evaluation assets		0		0		55,885
Mineral exploration costs		65,844		43,258		754,906
Professional fees		116,304		67,961		103,148
Regulatory fees		44,684		36,555		58,320
Salaries, wages and benefits		23,760		34,778		62,441
Share-based compensation		46,376		0		0
Total operating xpenses		(692,221)		(426,533)		(1,582,113)
Other Items
Accretion expense		(38,220)		0		0
Foreign exchange gain (loss)		(10,236)		(21,350)		(24,664)
Foregiveness of debt		24,916		0		0
Interest on notes payable		(177,956)		(189,926)		(162,724)
Net income (loss)		(893,717)		(637,809)		(1,769,501)
Other comprehensive loss
Foreign currency translation		4,711		(70,994)		(28,358)
Comprehensive income (loss)		$ (889,006)		$ (708,803)		$ (1,797,859)
Net income (loss) per share \| $ / shares	$ (0.03)		$ (0.03)		$ (0.1)
Weighted average number of shares outstanding \| shares		28,469,329		18,288,875		17,971,592

Consolidated Statements of Cash Flows - CAD ($)	12 Months Ended
Consolidated Statements of Cash Flows - CAD ($)	Jan. 31, 2025	Jan. 31, 2024	Jan. 31, 2023
Cash flows used in operating activities
Net income (loss)	$ (893,717)	$ (637,809)	$ (1,769,501)
Adjustments to reconcile net loss to net cash used in operating activities
Accretion expense	38,220	0	0
Interest on notes payable	177,956	189,926	162,724
Amortization expense	10,451	15,797	18,918
Foreign exchange, non-cash	5,498	19,358	(39,124)
Foregiveness of debt	(24,916)	0	0
Impairment of exploration and evaluation assets	0	0	55,885
Share-based compensation for consulting services	0	0	2,393
Adjustments for share-based payments	46,376	0	0
Write-off of equipment	(263)	0	0
Changes in operating assets and liabilities
Increase (decrease) Prepaids and other receivables	(15,598)	50,766	25,221
Increase (decrease) accounts payable	43,053	63,248	54,868
AdjustmentsForDecreaseIncreaseInAccruedLiabilities	43,448	(24,849)	(23,488)
Increase (decrease) in due to related parties	90,123	162,095	226,849
Net cash used in operating activities	(478,843)	(161,468)	(1,285,255)
Cash flows used in investing activities
Acquisition of exploration and evaluation assets	(5,000)	0	0
Acquisition of equipment	0	0	(55,572)
Net cash used in investing activities	(5,000)	0	(55,572)
Cash flows provided by financing activities
Issuance of notes payable to related parties	297,425	167,583	459,580
Cash received on subscription to shares, net	460,700	0	461,300
Payment of shares issuance costs	(35,350)	0	(34,301)
Net cash provided by financing activities	722,775	167,583	886,579
Effects of foreign currency exchange on cash	147	(1,192)	707
Increase (decrease) in cash	239,079	4,923	(453,541)
Cash and Cash equivalents	25,699	20,776	474,317
Cash and Cash equivalents	264,778	25,699	20,776
Non-cash transactions
Exploration and evaluation assets included in accounts payable	8,000	0	0
Shares issued for exploration and evaluation assets, value	$ 245,500	$ 0	$ 0

Consolidated Statements of Financial Position - CAD ($)	Jan. 31, 2025	Jan. 31, 2024
Current
Cash, current	$ 264,778	$ 25,699
Prepaids and other receivables	91,522	75,924
Equipment, net	28,694	38,935
Exploration and evaluation assets	969,445	700,852
Total assets	1,354,439	841,410
Total current assets	356,300	101,623
Current
Accounts payable, current	205,071	173,954
Accrued liabilities, current	95,343	51,893
Due to related parties, current	631,158	600,223
Notes payable, current	509,950	2,561,691
Flow-through share premium liability	60,000	0
Total current liabilities	1,501,522	3,387,761
Notes payable, noncurrent	1,529,912	0
Withholding taxes payable, noncurrent	140,564	138,568
Total liabilities	3,171,998	3,526,329
Shareholders' deficit:
Share capital value	9,346,112	8,176,210
Share-based payment reserve	4,665,405	4,078,941
Accumulated deficit	(15,445,791)	(14,552,074)
Accumulated other comprehensive loss	(383,285)	(387,996)
Total shareholders' deficit	(1,817,559)	(2,684,919)
Total liabilities and shareholders' deficit	$ 1,354,439	$ 841,410