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Red Moon – Issues Stock Options

RED MOON – Issues Stock Options St. John’s, Newfoundland and Labrador, April 9, 2021 – Red Moon Resources Inc. (the“Company” or “Red Moon” – TSXV: RMK) announces that the Company has granted 1,700,000 Directors’ and Officers stock options (options) exercisable at $0.50 for a period of five years. Fifty percent of the options vest immediately and 50% vest on July 01, 2022. The Company has reserved 6,770,000 listed shares for issuance under its stock option plan, of which 4,440,000 options have been issued prior to the current issue.  About Red Moon Resources  Red Moon Resources Inc. is an emerging commodities leader in Atlantic Canada, focused on Newfoundland and Labrador, with 100% ownership of the Great Atlantic salt deposit in addition to a producing gypsum mine and an early-stage nepheline discovery.  For information, please contact:  Patrick J. Laracy, CEO (709) 754-3186 [email protected] RedMoonResources.com  The TSX Venture Exchange has not reviewed and does […]

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Red Moon Closes $3.5 Million Financing

Red Moon Closes $3.5 Million Financing St. John’s, Newfoundland and Labrador, March 25, 2021 – Red Moon Resources Inc. (the “Company” or “Red Moon” – TSXV: RMK) is pleased to announce that with the closing of the second tranche of its non-brokered private placement, the Company has raised total gross proceeds of $3.5 million in an offering that has received TSX Venture Exchange (“TSXV”) final approval. The second tranche comprised 6,475,941 units (“Units”) at a price of $0.35 for gross proceeds of $2,266,579, adding to the first tranche closing of 3,524,003 units at $0.35 for gross proceeds of $1,233,401 (refer to March 11, 2021, news release). In total, the Company placed 9,999,944 units at $0.35 for gross proceeds of $3,499,980. Each unit consisted of one common share and one-half of a common share purchase warrant exercisable at a price of $0.55 per common share for a period of two years following […]

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Red Moon Closes First Tranche of $3.5 Million Financing

Red Moon Closes First Tranche of $3.5 Million Financing St. John’s, Newfoundland and Labrador, March 11, 2021 – Red Moon Resources Inc. (“the Company” – “Red Moon” – TSXV: RMK) is pleased to announce that it has closed a first tranche of 3,524,003 units for proceeds of $1,233,401 from the previously announced private placement of $3,500,000 in units priced at $0.35 (refer to Feb. 17, 2021 news release). The balance of $2,266,599 will close next week. Each unit consists of one common share and one half of a common share warrant, with each whole warrant exercisable at a price of $0.55 per common share for a period of two years following closing. Proceeds of the financing will go toward completing a Feasibility Study for the Great Atlantic Salt Project featuring a large and homogeneous high-grade resource strategically located near a deep-sea port in western Newfoundland. Financing proceeds will also go toward […]

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Red Moon Financing Fully Subscribed, New Website Launched

Red Moon Financing Fully Subscribed New Website Launched St. John’s, Newfoundland and Labrador, March 5, 2021 – Red Moon Resources Inc. (“the Company” – “Red Moon” – TSXV: RMK) is pleased to provide the following corporate update as the Company accelerates its Great Atlantic Salt Project, the Ace open-pit gypsum mine and the Black Bay high-purity nepheline discovery targeting the glass market. Private Placement  The Company’s previously announced private placement of $3,500,000, all in hard dollar units priced at $0.35 per unit (refer to Feb. 17, 2021 news release), is fully committed and will close shortly. Each unit consists of one common share and one half of a common share warrant, with each whole warrant exercisable at a price of $0.55 per common share for a period of two years following closing. This private placement is subject to an acceleration clause whereby in the event that the closing price of the Company’s […]

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Red Moon Resources Inc. – Announces $3,500,000 Financing

Red Moon Resources Inc. – Announces $3,500,000 Financing St. John’s, Newfoundland and Labrador – Red Moon Resources Inc. (“the Company” – “Red Moon” TSX-V: RMK), announces that it proposes to carry out a non-brokered private placement (the “Offering”) for proceeds of up to $3,500,000.00. Under the terms of the Offering, the Company intends to place 10,000,000 units (the “Units”). The Units will be offered at a price of $0.35 and will consist of one common share and one half common share purchase warrant, with each whole warrant  to be exercisable at a price of $0.55 per common share for a period of two years following the close of the offering subject to an acceleration clause whereby in the event that the closing price of the Company’s Shares on the TSX Venture Exchange is$0.85 or greater per share during any ten (10) consecutive trading day period at any time subsequent to four […]

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Red Moon Resources Inc.– Closes $700,000 Financing

Red Moon Resources Inc.– Closes $700,000 Financing St. John’s, Newfoundland and Labrador – Red Moon Resources Inc. (“the Company” – “Red Moon” TSX-V: RMK), announces the non-brokered private placement (the “Offering”) announced on January 26, 2021 has closed for proceeds of $700,000.00. Under the terms of the Offering, the Company placed 7,000,000 units (the “Units”) at a price of $0.10 consisting of one common share and one half common share purchase warrant exercisable at a price of $0.17 per common share for a period of two years following the close of the offering subject to an acceleration clause. The proceeds of the offering will be used for mineral exploration and development activities in Newfoundland and to fund working capital. The securities issued will have a four month hold period as per applicable regulations.  The financing is subject to TSX Venture Exchange final approval. Insiders purchased 970,000 units. The insider participation is exempt from […]

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Gypsum Production Update

Gypsum Production Update St. John’s, Newfoundland and Labrador: Red Moon Resources Inc. (“the Company” – “Red Moon” TSX-V:RMK) announces that production continues  at its Ace gypsum/anhydrite mine in western Newfoundland. Three shipments have been made to date. A fourth shipment is scheduled for this week and a fifth is scheduled for early November. Production is expected to exceed 100,000 tonnes for the season. Notwithstanding the Covid 19 disruptions which have impacted production and sales, the company is pleased with the progress made thus far in 2020. In anticipation of future demands for gypsum, the Company has been evaluating further mine development opportunities in the historic Flat Bay mines. This includes the possible reclamation of gypsum tailings left over from historic operations as previously reported. The Company is also preparing to undertake an independent third party review of the resource endowment of gypsum and anhydrite that remains at the Flat Bay mines […]

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Red Moon Resources – Gypsum Production Continues in Newfoundland

Red Moon Resources – Gypsum Production Continues in Newfoundland St. John’s, Newfoundland and Labrador: Red Moon Resources Inc. (“the Company” – “Red Moon” TSX-V:RMK) announces that production has commenced at its Ace gypsum/anhydrite mine in western Newfoundland. The first shipment of the season was made on June 19th and a second shipment is scheduled for this week. Notwithstanding the Covid 19 disruptions which have impacted production and sales, the company is pleased with the progress made thus far in 2020. Overall, production is anticipated to be less than in 2019. Barring any future Covid 19 disruptions markets are expected to normalize in 2021. In anticipation of future demands for gypsum, the Company has been evaluating further mine development opportunities in the historic Flat Bay mines. This includes the possible reclamation of historic gypsum tailings left over from previous operations. It is estimated internally, based on drone surveys, that the tailings pile contains […]

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Red Moon Resources – Gypsum Update

Red Moon Resources – Gypsum Update St. John’s, Newfoundland and Labrador: Red Moon Resources Inc. (“the Company” – “Red Moon” TSX-V:RMK) announces that in 2019 the Company produced 155,914 tonnes of gypsum/anhydrite from its Ace mine in western Newfoundland in its first year of production. This amounts to net proceeds of $366,400.00 before tax but after payment of all mining and production costs. The Company is currently finalizing its contract mining arrangements for 2020 as well as bidding and negotiating sales contracts for the coming production season. It is premature to provide guidance for 2020 production until sales contracts and a production schedule are finalized. However, based on discussions to date, the Company expects production to exceed 2019 numbers barring any production or sales interruptions. The production season commences in mid-May though overburden removal is expected to commence before that date. Recent Special Measures Orders (“measures”) by the Province of Newfoundland […]

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