Ramp Metals Inc. (TSXV: RAMP) (OTCID: RMPMF) has announced a 32% expansion of its Rottenstone SW property in Saskatchewan, adding 10,562 hectares through four newly staked mineral claims contiguous to its Rush discovery. The expanded land package now totals 43,277 hectares. The company also disclosed a $120,000 debt settlement via share issuance and a new stock option grant, moves the company says will preserve cash for future operations. Investors in junior exploration companies may be watching how the expanded land position supports further drilling activity at the Rush discovery.

Key Points

  • Ramp Metals Inc. (TSXV: RAMP) (OTCID: RMPMF) announced an expansion of its flagship Rottenstone SW property in Saskatchewan
  • Four new claims covering 10,562 Ha. were staked on November 3, 2026, expanding the total land package by 32% to 43,277 Ha.
  • A $120,000 debt settlement will be satisfied through 400,000 common shares at a deemed price of $0.30 per share, subject to TSXV approval; 100,000 stock options were also granted at $0.30 per share
  • Investors may be watching whether the expanded strike coverage along the NE-SW regional corridor advances the Rush discovery thesis

New Claims Extend Rottenstone SW Coverage Along Rush Discovery Corridor

On November 3, 2026, land adjoining the existing Rottenstone SW property became available for staking, and Ramp Metals moved promptly to secure four additional claims totalling 10,562 hectares. The company states the new claims are contiguous to the Rush discovery and extend coverage along strike to the south-west. According to the release, regional rock packages trend in a NE-SW direction, and management believes the expanded footprint positions the company to remain within the same stratigraphic horizon where the Rush discovery was made. The technical content was reviewed and approved by Brett Williams, P.Geo., VP Operations and Senior Geologist, acting as qualified person under National Instrument 43-101.

Debt Settlement Preserves Ramp Metals' Exploration Cash Position

Ramp Metals disclosed it intends to settle a $120,000 account payable owed to one arm's length creditor by issuing 400,000 common shares at a deemed price of $0.30 per share. The board states the arrangement is in the company's best interests as it allows cash to be preserved for future operations. The Settlement Shares will carry a statutory hold period of four months and one day from the date of issuance under applicable Canadian securities laws. The Debt Settlement remains subject to TSXV approval, and the company confirmed no new Control Person will be created as a result of the transaction.

Stock Option Grant Brings Total Outstanding Options to 1,000,000

Alongside the debt settlement, Ramp Metals granted 100,000 incentive stock options to one consultant. Each option vests immediately, is exercisable into one common share at $0.30 per share, and has a term of 24 months, governed by the company's stock option plan. Following this grant, the company reports a total of 1,000,000 stock options outstanding. The immediate share price impact was not clear from available public information.