This is a new gold exploration company that is literally bordering an already successful gold company (RPX.V - Red Pine Exploration). The big difference is that RPX has 28 times the market cap and is still just an exploration company with no 43-101, yet they've had tremendous success in drilling.
The CEO recently purchased $100,000 worth of stock, giving him the largest position in the company at 19.88%. Then shortly after, RT Minerals acquired the Norwalk property which already shows positive indications that gold mineralization is also on RTM's property. Options were recently issued which could mean that there is a plan in place to push the price up and exercise all these options to fund a summer drill program.
Below is prior news releases and information the company:
Symbol - RTM.V (Canada) & RTMFF (USA)
Common Shares - 17 million
Price - $0.07
RT Minerals 4,501,000-share private placement
2019-12-31 17:21 MT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Oct. 8, 2019. This private placement has been accepted pursuant to the notice to issuers dated April 7, 2014.
Number of shares: 4,501,000 shares
Purchase price: three cents per share
Warrants: 2,250,500 share purchase warrants to purchase 2,250,500 shares
Warrant exercise price: five cents for a one-year period
Number of placees: five placees
Insider: Donald Clark, 2,907,300
RT Minerals closes Norwalk property acquisition
2020-04-02 19:40 MT - News Release
Mr. Donald Clark reports
RT MINERALS CORP. COMPLETES ACQUISITION OF 100% INTEREST IN NORWALK GOLD PROPERTY, WAWA, ONTARIO
RT Minerals Corp. has completed the acquisition of a 100-per-cent interest, subject to a 2-per-cent net smelter return royalty, in the Norwalk gold property, located approximately six kilometres south of Wawa, Ont. The option was exercised with a final property option payment of $22,500 made on March 31, 2020, as outlined in the company's news releases dated Oct. 3, 2019, and Oct. 8, 2019.
The Norwalk property is contiguous to the south boundary of the Wawa gold project, held by Red Pine Exploration Inc. The property is composed of three unpatented mineral claims consisting of 29 units with a total area of 445 hectares. Several mineralized zones occur on the property, including the Norwalk gold mine (Au), the Fred C shaft (Au), the Gananoque vein (Au), the Barton occurrence (Au and iron) and the Red Quartz carbonate zone (RQCZ) discovered by 2017 and 2018 drilling by the company. The results of this RQCZ drilling are summarized in the company's March 2, 2018, news release. There are no mineral resources or mineral reserves within the property boundaries.
RT Minerals grants options to buy 800,000 shares
2020-07-03 14:53 MT - News Release
Mr. Donald Clark reports
RT MINERALS CORP. GRANTS STOCK OPTIONS
RT Minerals Corp. has granted 800,000 incentive stock options to directors and consultants of the company that are exercisable at six cents per common share over a two-year term, in accordance with the company's stock option plan. The stock options are subject to the acceptance of the TSX Venture Exchange.
We seek Safe Harbor.
Market Depth For RTM.V:
1 / 13,000 0.06 --- 0.07 68,000 / 3
2 / 54,000 0.055 --- 0.075 10,000 / 1
0 / 49,000 0.05 --- 0.08 20,000 / 1
2 / 40,000 0.045 --- 0.085 40,000 / 2
5 / 159,000 0.04 --- 0.09 50,000 / 1
1 / 150,000 0.035 --- 0.125 35,000 / 1
2 / 120,000 0.03 --- 0.21 3,000 / 1
0 / 111,000 0.025 --- 0.235 7,000 / 1
0 / 15,000 0.015 --- 0.24 19,000 / 3
1 / 100,000 0.01 --- 0.27 2,000 / 1