Canadian Critical Minerals Generates USD$135,000 in Revenue from Bull River Mine
Rhea-AI Summary
Canadian Critical Minerals (OTCQB:RIINF) reported revenue generation from its Bull River Mine project near Cranbrook, BC. The company sold 1,448 dry metric tonnes of unsorted mineralized material to New Afton in August 2025, generating provisional revenue of USD$135,000.
The shipped material contained grades of 1.39% Cu, 0.27 g/t Au, and 12.2 g/t Ag. The proceeds will help offset care and maintenance costs at Bull River Mine and support engineering studies for the final permit application to restart mill and underground operations. The company has decommissioned and returned the ore sorter to its owner in Idaho as of September 10, 2025.
Positive
- Generated USD$135,000 in revenue from mineral sales
- Underground facility maintained in dewatered condition, ready for future operations
- Progress towards completing final permit application for mill and operations restart
Negative
- Ore sorter decommissioned and returned, limiting processing capabilities
- Revenue primarily used for maintenance costs rather than growth
- Currently operating at limited capacity with only stockpile sales
News Market Reaction – RIINF
On the day this news was published, RIINF gained 21.51%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Calgary, Alberta--(Newsfile Corp. - September 29, 2025) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During the month of August 2025, the Company trucked 1,448 dry metric tonnes ("dmt") of unsorted mineralized fine material to New Afton and the Company received a provisional payment of approximately USD
Proceeds from the sale of mineralized material will be used to offset costs associated with on-going care and maintenance at BRM and costs associated with engineering studies required for and in support of completion of the final permit application to restart the mill and underground operations. The underground continues to be maintained in a dewatered condition. As of August month-end, the ore sorter was decommissioned and the sorter was subsequently returned to the owner in Idaho on September 10, 2025.
About Canadian Critical Minerals Inc.
CCMI is a mining company primarily focused on copper production assets in Canada. CCMI's main asset is the
Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.com
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268315
FAQ
How much revenue did Canadian Critical Minerals (RIINF) generate from Bull River Mine in August 2025?
What are the mineral grades reported in RIINF's August 2025 shipments?
How will Canadian Critical Minerals use the proceeds from the Bull River Mine sales?
What happened to Canadian Critical Minerals' ore sorter at Bull River Mine?
