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Canadian Critical Minerals (CCMI) has successfully closed a financing deal, generating $100,432 through the issuance of 2,008,648 units priced at $0.05 each. Each unit includes one common share and one common share purchase warrant, with warrants exercisable at $0.08 per share over a 24-month period. The funds will be allocated to exploration and development at the Bull River Mine project near Cranbrook, B.C.
Canadian Critical Minerals (TSXV: CCMI) announced additional revenue from the sale of stockpiled copper, gold, and silver from its Bull River Mine project. In April 2024, the company transported 362 wet metric tonnes of mineralized material to New Afton, receiving a provisional payment of approximately US$72,445. The material graded 2.96% copper, 0.62 g/t gold, and 23.1 g/t silver.
Operational improvements include the use of a Steinert KSS 100 X-Ray Transmissive Ore Sorter, enhancing the grade of the material before transportation. Road restrictions in the Cranbrook area, limiting load capacity to 70%, were lifted on April 24, 2024, allowing the resumption of full-capacity trucking operations. The company anticipates higher shipment volumes and improved grades in the coming months.
