Red Metal Resources Ltd. Announces Filing of Form 15F to Terminate Sec Reporting Obligations

Rhea-AI Summary

Red Metal Resources (CSE: RMES, OTC: RMESF, FSE: I660) has filed Form 15F with the SEC to terminate registration of its common shares under Section 12(g) and end reporting obligations under Sections 13(a) and 15(d) of the Exchange Act.

The filing follows a 12‑month U.S. average daily trading volume of about 1,376 shares, or 0.99% of worldwide volume of about 138,486 shares, which the company believes satisfies Rule 12h‑6(a)(4)(i). SEC reporting is suspended upon filing and is expected to terminate after 90 days if the SEC does not object. Shares will continue trading on the CSE, Frankfurt, and OTC Markets, with home‑country disclosures available via SEDAR+ and the company website.

Positive

• Form 15F filed to terminate SEC registration and reporting obligations
• U.S. trading volume only 0.99% of worldwide, supporting deregistration criteria
• Trading to continue on CSE, Frankfurt, and OTC Markets under existing symbols
• Home-country disclosure to remain available via SEDAR+ and company website

Negative

• Exchange Act reporting obligations suspended immediately upon Form 15F filing
• Final termination of SEC reporting depends on no SEC objection over 90 days

News Market Reaction – RMESF

-17.18%

-17.18% Session close to close

In the May 28 session, RMESF declined 17.18%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - RED METAL RESOURCES LTD. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") announces that it is filing a Form 15F with the United States Securities and Exchange Commission (the "SEC") to terminate the registration of its common shares under Section 12(g) of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), and its reporting obligations under Section 13(a) and Section 15(d) of the Exchange Act pursuant to Rule 12h-6 thereunder.

Based on the Company's trading volume analysis for the 12-month period from April 29, 2025 to April 29, 2026, the average daily trading volume of the Company's common shares in the United States was approximately 1,376.4 shares, representing approximately 0.99% of the worldwide average daily trading volume of approximately 138,486.1 shares. On that basis, the Company believes it meets the trading-volume condition in Rule 12h-6(a)(4)(i).

Upon filing the Form 15F, the Company's reporting obligations under the Exchange Act will be immediately suspended. If the SEC does not object, the termination of those reporting obligations will become effective 90 days after filing, or such shorter period as the SEC may determine.

The Company's common shares will continue to be listed on the Canadian Securities Exchange under the symbol RMES, traded on the Frankfurt Stock Exchange under the symbol I660, and quoted on OTC Markets in the United States under the symbol RMESF. Following the effectiveness of the Form 15F, the Company expects to maintain the exemption under Rule 12g3-2(b) and to continue making available its home-country disclosure documents through SEDAR+ at www.sedarplus.ca and on its website at www.redmetalresources.com.

About Red Metal Resources Ltd.

Red Metal Resources Ltd. is a mineral exploration company focused on copper and gold exploration and development, with assets in Chile. The Company's common shares are listed on the Canadian Securities Exchange under the symbol RMES and traded on the Frankfurt Stock Exchange under the symbol I660 and on the OTC Pink in the United States under the symbol RMESF.

For further information, please contact:

Caitlin Jeffs
Chief Executive Officer
Red Metal Resources Ltd.
1.866.907.5403
invest@redmetalresources.com
www.redmetalresources.com

This press release is issued pursuant to Rule 12h-6(h) under the Securities Exchange Act of 1934, as amended, which requires a foreign private issuer to publish notice of its intent to terminate its Exchange Act registration and reporting obligations prior to or concurrently with the filing of a Form 15F. This notice does not constitute an offer to sell or a solicitation of an offer to buy any securities.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297388

FAQ

What did Red Metal Resources (RMESF) announce on May 13, 2026 about SEC reporting?

Red Metal Resources announced it filed Form 15F to terminate its SEC registration and Exchange Act reporting obligations. According to the company, reporting is suspended immediately and will be fully terminated after 90 days if the SEC does not object.

Why is Red Metal Resources (RMESF) eligible to file Form 15F to deregister with the SEC?

Red Metal Resources cites low U.S. trading volume as the basis for Form 15F eligibility. According to the company, its U.S. average daily volume was about 1,376 shares, or 0.99% of worldwide volume of about 138,486 shares over the prior 12 months.

When will Red Metal Resources’ (RMESF) SEC reporting obligations end after the Form 15F filing?

Red Metal Resources’ Exchange Act reporting obligations are suspended upon filing Form 15F. According to the company, termination becomes effective 90 days after filing, or a shorter period if the SEC determines, provided the SEC does not object.

Will Red Metal Resources (RMESF) shares continue trading in the U.S. after Form 15F deregistration?

Yes, Red Metal Resources expects its shares to remain quoted on OTC Markets under symbol RMESF. According to the company, the stock will also continue to trade on the Canadian Securities Exchange (RMES) and Frankfurt Stock Exchange (I660).

How will investors access Red Metal Resources (RMESF) disclosures after SEC deregistration?

Investors will access Red Metal Resources disclosures through Canadian and company channels. According to the company, it expects to maintain Rule 12g3-2(b) exemption and continue providing home-country documents via SEDAR+ and its website, www.redmetalresources.com.

What trading volume figures did Red Metal Resources (RMESF) report for its Form 15F analysis?

Red Metal Resources reported a U.S. average daily trading volume of approximately 1,376.4 shares. According to the company, this represented about 0.99% of a worldwide average daily trading volume of approximately 138,486.1 shares for the year ended April 29, 2026.