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Ramp Metals

Copper explorer, with a project stated to be in Saskatchewan, Canada.

Saskatchewan · Canada — as stated on the recordings

explorer copper Saskatchewan, Canada
Feb 2026 → Apr 2026Covered
7 of 10Topics on record
3Figures tracked over time
2 executivesNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 2 interviews with the company · 1 independent recording
Stage
Explorer
Primary commodity
Copper
Jurisdiction
Saskatchewan, Canada
Deposit
VMS deposit or potential deposit
Latest appearance
28 Apr 2026
On record
2 interviews · 36 statements · 2 executives

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

Grade
0.8% copper over 27 m with silver and zinc
Management-stated Jordan Black Apr 2026
Money on hand
about 4 and 1/2 million CAD in the treasury when program started
Stated capital need: about half of 4.5 million CAD for 5 to 6,000 m drilling program
Management-stated Jordan Black Apr 2026
What happens next
about two weeks left in current drill program
Management-stated Jordan Black Apr 2026
The main open question
The company is early-stage with only assays from 1 of 10 holes at Rush back so far, 8 more pending, and unproven whether the deposit extends meaningfully beyond initial intersections.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
1 independent voice on record — 1 constructive
Luc Ten Have
Outside voices

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Cash position ● Broadly unchanged 2 statements on record
09 Feb 2026
4 and 1/2 million dollars CAD in the treasury
“47 million shares outstanding with 4 and 1/2 million dollars CAD in the treasury”
28 Apr 2026
about 4 and 1/2 million CAD in the treasury when program started
“when we started the program, we had about 4 and 1/2 million um CAD in the treasury.”
Shares outstanding 47 million shares45 million shares ● Lower 2 statements on record
09 Feb 2026
47 million shares outstanding
“47 million shares outstanding with 4 and 1/2 million dollars CAD in the treasury”
28 Apr 2026
45 million shares outstanding
“Our share structure is very tight, 45 million shares outstanding.”
Permitting ? Wording changed No comparable date in one of the two statements 2 statements on record
09 Feb 2026
permitted for 2 years and 30,000 m with camp
“now, unlike previous years, we're permitted for for 2 years. So we don't have to go back for permitting later in the year, and we're permitted for 30,000 m. We're permitted for a camp”
28 Apr 2026
Fraser Institute ranked Saskatchewan number 3 in the world for mining friendliness
“according to the Fraser Institute, I think uh Saskatchewan was ranked number three in the world last year.”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Ramp Metals's own claims across 2 interviews — most-covered theme first.

What outside voices pick up on

1 independent voice — people who do not speak for the company — across 1 mention.

1 constructive
  • Luc Ten Have “Made a discovery; opened at 28c and quickly went to 50c. Arndt was buying at 28-40c but stopped as market cap rose to levels that …”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the company has hit consistent copper grades (0.8% over 27 m) across multiple holes at Rush, with one intercept reaching 1.21% copper plus zinc and silver, and claims a strategic comparison to Foran's early-stage deposit…

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Management says the company has hit consistent copper grades (0.8% over 27 m) across multiple holes at Rush, with one intercept reaching 1.21% copper plus zinc and silver, and claims a strategic comparison to Foran's early-stage deposit before its $3.6 billion sale to Eldorado. An outside investor noted the discovery phase drove the stock from 28c to 50c, showing market appetite for this type of asset.

▼ Bear case

The company is early-stage with only assays from 1 of 10 holes at Rush back so far, 8 more pending, and unproven whether the deposit extends meaningfully beyond initial intersections.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The company is early-stage with only assays from 1 of 10 holes at Rush back so far, 8 more pending, and unproven whether the deposit extends meaningfully beyond initial intersections. At 15 million CAD market cap with 47 million shares and 4.5 million in the treasury, the cash runway is tight; an outside investor stopped buying above 40c, suggesting limited near-term upside at current market cap.

◆ Watch next

Pending lab results from 8 remaining Rush holes will arrive over coming weeks; management plans a 5,000-6,000 m program starting February 23rd to test depth and lateral extensions, with 2-year permits allowing up to 30,000 m drilling.

What it rests on
Evidence: 2 moments from 2 interviews
Read the full case

Pending lab results from 8 remaining Rush holes will arrive over coming weeks; management plans a 5,000-6,000 m program starting February 23rd to test depth and lateral extensions, with 2-year permits allowing up to 30,000 m drilling. The near-term catalysts are assay trickles and the scale of mineralization shown in deeper holes and 165 m step-out tests.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 18 statements

The deposit 9

Key takeaway. Ramp Metals management describes the deposit as a VMS (volcanogenic massive sulphide) deposit or potential deposit.

Read the full summary

The company reports grades including 0.8% copper over 27 m with silver and zinc, 0.8% copper with 17 g per ton of silver over 21 m, and 70 g per ton over 7 and 1/2 m at a gold discovery location. Management says the anomaly stretches about 1.1 km (1,100 m) by about 300 m wide based on geophysics, is open-ended in all directions, and that satellite anomalies surround the Rush target while deep plates extend to 350 m depth.

What was actually said
deposit type
VMS deposit or potential deposit
“which defined it as a VMS um deposit or potential deposit.”
Jordan Black· 28 Apr 2026·
exploration upside
70 g per ton over 7 and 1/2 m at gold discovery location
“our original gold discovery that was 70 g per ton over 7 and 1/2 m.”
Jordan Black· 28 Apr 2026·
exploration upside
open-ended in all directions
“now it's it's still open-ended in all directions.”
Jordan Black· 28 Apr 2026·
Show the other 6 statements
exploration upsize
anomaly stretches 1.1 km or 1,100 m, about 300 m wide based on geophysics
“This anomaly stretches 1.1 km or 1,100 m. It's about 300 m wide based on geophysics.”
Jordan Black· 28 Apr 2026·
grade
0.8% copper over 27 m with silver and zinc
“Uh last year we hit 0.8% over 27 m. Uh really good kickers of silver and zinc in that as well”
Jordan Black· 28 Apr 2026·
grade
0.8% copper with 17 g per ton of silver over 21 m
“This year we've already hit 0.8% copper with 17 g per ton of silver over 21 m underneath Rush 10”
Jordan Black· 28 Apr 2026·
deposit type
VMS properties
“it's great for VMS properties in Saskatchewan”
Jordan Black· 09 Feb 2026·
exploration upside
satellite anomalies surrounding Rush target and deep plates extending to 350 m depth
“test, you know, maybe some of these satellite anomalies surrounding it. Um And and Garrett, sorry to interrupt”
Garrett Smith· 09 Feb 2026·
exploration upside
1.21% copper, 9% zinc, 5 g per ton of silver over 3 and 1/2 m; 0.8% copper with zinc and silver over 27 m at 165 m stepout
“the mineralization we did hit in the uh the spring program last year uh was 1.21% copper, uh 9% zinc, 5 g per ton of silver over 3 and 1/2 m. And then when we stepped out 165 m, um we hit uh 0.8% copper uh with uh zinc and and silver again over 27 m”
Jordan Black· 09 Feb 2026·

Jurisdiction 3

Key takeaway. Management of Ramp Metals highlights its Rottenstone Southwest property in northern Saskatchewan, which the company notes the Fraser Institute ranked number 3 in the world for mining friendliness (April 2026).

Read the full summary

On the permitting side, the company reports it is permitted for two years and 30,000 metres with a camp (February 2026).

What was actually said
permit status
Fraser Institute ranked Saskatchewan number 3 in the world for mining friendliness
“according to the Fraser Institute, I think uh Saskatchewan was ranked number three in the world last year.”
Jordan Black· 28 Apr 2026·
region
northern Saskatchewan, Rottenstone Southwest property
“this is our Rush target in northern Saskatchewan at our Rottenstone Southwest property.”
Jordan Black· 28 Apr 2026·
permit status
permitted for 2 years and 30,000 m with camp
“now, unlike previous years, we're permitted for for 2 years. So we don't have to go back for permitting later in the year, and we're permitted for 30,000 m. We're permitted for a camp”
Garrett Smith· 09 Feb 2026·

Technical risk 6

Key takeaway. Management points to a recovery rate assumption of 75% as a key technical input for the project.

Read the full summary

They report that mineralization was hit in 8 of 10 initial holes (Rush 1, 2, 3, 9, 10 and others, with holes 4 and 5 as misses), and describe the Rush 10 intercept showing 27 m thickness as one of their best drill holes. Key intercepts include 0.8% copper with zinc and silver over 27 m at a 165 m step-out, 1.21% copper with 9% zinc and 5 g/t silver over 3.5 m, and a best half-meter sample just over 4% copper downhole.

What was actually said
key assumption
recovery rate of 75%
“If you did copper equivalent with uh recovery rate of 75%, which most people use um when they're doing their press releases”
Jordan Black· 28 Apr 2026·
key assumption
1.21% copper, 9% zinc, 5 g per ton of silver over 3 and 1/2 m
“the mineralization we did hit in the uh the spring program last year uh was 1.21% copper, uh 9% zinc, 5 g per ton of silver over 3 and 1/2 m”
Garrett Smith· 09 Feb 2026·
key assumption
0.8% copper with zinc and silver over 27 m at 165 m step-out
“when we stepped out 165 m, um we hit uh 0.8% copper uh with uh zinc and and silver again over 27 m”
Garrett Smith· 09 Feb 2026·
Show the other 3 statements
key assumption
Rush 10 intercept shows 27 m thickness, described as one of best drill holes
“it it is a nice thick intercept. Uh and to me it shows that this thing has some potential size to it”
Garrett Smith· 09 Feb 2026·
key assumption
mineralization hit in 8 of 10 initial holes (Rush 1, 2, 3, 9, 10 and others; 4 and 5 were misses)
“We essentially hit mineralization in every single hole. That's fantastic. Except for, I guess, four and five”
Garrett Smith· 09 Feb 2026·
key assumption
best half-meter sample just over 4% copper downhole
“everything in pink is over a percent, and I think it it ranges up to 4% just over 4% was our best half-meter sample”
Garrett Smith· 09 Feb 2026·

Economics 5 statements

Financing 5

Key takeaway. Ramp Metals reports its exploration program has been fully funded as of April 2026, with about 4.5 million CAD in the treasury when the program started, the company says.

Read the full summary

In February 2026, management said the treasury held 4.5 million CAD and that roughly half of that amount—about half of 4.5 million dollars CAD—was needed for a 5,000 to 6,000-metre drilling program.

What was actually said
cash position
about 4 and 1/2 million CAD in the treasury when program started
“when we started the program, we had about 4 and 1/2 million um CAD in the treasury.”
Jordan Black· 28 Apr 2026·
financing status
program has been fully funded
“Yeah, this program has been fully funded.”
Jordan Black· 28 Apr 2026·
capital needed
about half of 4.5 million CAD for 5 to 6,000 m drilling program
“this program that we're mobilizing for in 18 days, we only need to spend about half of that to get our our 5 to 6,000 m here”
Garrett Smith· 09 Feb 2026·
Show the other 2 statements
capital needed
about half of 4 and 1/2 million dollars CAD to get 5 to 6,000 m drilling
“this program that we're mobilizing for in 18 days, we only need to spend about half of that to get our our 5 to 6,000 m here”
Jordan Black· 09 Feb 2026·
cash position
4 and 1/2 million dollars CAD in the treasury
“47 million shares outstanding with 4 and 1/2 million dollars CAD in the treasury”
Garrett Smith· 09 Feb 2026·

Timeline 7 statements

Timeline 7

Key takeaway. Management says the company mobilized to site on February 23rd for a 5,000 to 6,000 m drilling program.

Read the full summary

By April, the company was about halfway through that program with roughly two weeks left, and nine more holes of lab results from the Rush target were expected to trickle in over the coming weeks and months. Looking ahead, management plans to build a camp in the summer, conduct downhole geophysics, and prepare for a 10,000 m or larger program in the fall.

What was actually said
milestone
about two weeks left in current drill program
“So we have about two weeks left in this program”
Jordan Black· 28 Apr 2026·
milestone
planning to build camp in summer, conduct downhole geophysics, prepare for 10,000 m or larger program in fall
“we're going to go build a camp in the summer, follow up with geophysics um, from this program, downhole geophysics, so that we can prepare for a 10,000 m or or larger program in the fall.”
Jordan Black· 28 Apr 2026·
milestone
about halfway through drill program
“we're about halfway through our drill program.”
Jordan Black· 28 Apr 2026·
Show the other 4 statements
milestone
nine more holes of lab results pending for Rush, trickling in over coming weeks and months
“we only got one uh hole back so far. So for Rush, there's still eight more holes of lab results, which those will trickle in over over the coming weeks and months.”
Jordan Black· 28 Apr 2026·
milestone
5 to 6,000 m drilling program
“the bulk of the meterage and testing is going to be up at Rush to see if we can expand on that mineralization and test, you know, maybe some of these satellite anomalies around it”
Jordan Black· 09 Feb 2026·
milestone
mobilizing to site on February 23rd
“we we recently announced that we're mobilizing to site on on February 23rd”
Garrett Smith· 09 Feb 2026·
milestone
drill mobilization to site on February 23rd
“we we recently announced that uh we're mobilizing to site on on February 23rd”
Jordan Black· 09 Feb 2026·

Corporate 6 statements

Share structure 3

Key takeaway. Ramp Metals management has described the company's share structure with slightly different figures at different points.

Read the full summary

In February 2026, they reported about 47 million shares outstanding. By April 2026, that number had narrowed to 45 million. Management says roughly 47% of shares are held by management and directors, and about 20% by savvy investors including Eric Sprott and Alex Gubbins, which represents approximately 70% of the float.

What was actually said
insider stake
About 47% owned by management and directors, 20% by savvy investors like Eric Sprott and Alex Gubbins, approximately 70% of float
“About 47% of that's owned by management and directors. And then we have another 20% owned um by um very savvy investors like Eric Sprott and Alex Gubbins. And then throw in friends and family, we're we're probably about 70% of the float.”
Jordan Black· 28 Apr 2026·
shares outstanding
45 million shares outstanding
“Our share structure is very tight, 45 million shares outstanding.”
Jordan Black· 28 Apr 2026·
shares outstanding
47 million shares outstanding
“47 million shares outstanding with 4 and 1/2 million dollars CAD in the treasury”
Garrett Smith· 09 Feb 2026·

Market 3

Key takeaway. Management points to a potential acquirer comparable: Foran, which sold for 3.6 billion dollars to Eldorado (April 2026).

Read the full summary

They note that the Foran team reviewed Ramp Metals' rocks and said the VMS deposit looks like early days Foran (April 2026). As of April 2026, the company reports trading at a 15 million CAD market cap.

What was actually said
cost curve position
trading at 15 million CAD market cap
“we're trading at 15 million right now. Uh, that's CAD.”
Jordan Black· 28 Apr 2026·
potential acquirer
Foran sold for 3.6 billion dollars to Eldorado
“They recently sold their company for for 3.6 billion dollars to Eldorado.”
Jordan Black· 28 Apr 2026·
strategic interest
Foran team reviewed rocks, said VMS deposit looks like early days Foran
“they've even looked at some of our rocks and and told us it was uh, our VMS deposit looks like early days Foran, right?”
Jordan Black· 28 Apr 2026·

Outside views 1 mention

1 mention by people who do not speak for the company — 1 constructive, 0 cautious, 0 neutral. These are their views, not the company's.

Luc Ten Have
bullish
Made a discovery; opened at 28c and quickly went to 50c. Arndt was buying at 28-40c but stopped as market cap rose to levels that suggested limited further upside.
Resource Talks· 07 Jan 2025·

Sources 2 interviews

Every interview 2

DateChannelInterviewStatements
28 Apr 2026 Natural Resource Stocks Ramp Metals Hits New Copper Zone At Rush In Saskatchewan 20
09 Feb 2026 Natural Resource Stocks Ramp Metals Drills Restart Feb 23 Rush Copper Target Setup TSXV RAMP 16

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

foran 1
foran mining 1
otc ticker rmpmf 1
ranger 1
red ridge 1
rottenstone mine 1
rottenstone southwest property 1
runway 1

Questions people ask

What is Ramp Metals's project and where is it?

Ramp Metals is a explorer copper company, with a project stated to be in Saskatchewan, Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention Ramp Metals?

We track 2 interviews mentioning Ramp Metals, across 1 channel (Natural Resource Stocks).

What are investors saying about Ramp Metals?

1 independent voice — people who do not speak for the company — are on record discussing it (1 bullish). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Ramp Metals cover?

The most-discussed topics on record are the deposit, timeline, technical risk, financing — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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