Canadian Critical Minerals Generates USD$167,000 in Revenue from Bull River Mine
Rhea-AI Summary
Canadian Critical Minerals (OTCQB: RIINF) reported provisional revenue of USD $167,000 from sales of stockpiled copper, gold and silver mineralized material from the Bull River Mine for September 2025.
The Company trucked 942 dmt to New Afton; material graded 2.02% Cu, 0.71 g/t Au and 17.2 g/t Ag. Proceeds will offset care-and-maintenance costs and engineering studies for final permit applications to restart mill and underground operations. The underground remains dewatered. The ore sorter was decommissioned and returned on September 10, 2025. Rejects and fine stockpiles remain on site; further trucking to New Afton may continue subject to tolling agreement.
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Calgary, Alberta--(Newsfile Corp. - October 23, 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 September 2025, the Company trucked 942 dry metric tonnes ("dmt") of sorted mineralized 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. All higher-grade mineralized material that was processed by the sorter has been trucked to New Afton. Rejects from the sorting process are being stockpiled at the BRM and will provide an initial feed to the mill once the Company receives permission to restart the mine and mill. Additionally, the Company has stockpiled fine mineralized material that was too small to be effectively processed through the sorter. Based on metal prices the Company may continue to truck fine material to New Afton subject to New Afton's ability and interest in accepting a toll feed.
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/271668
FAQ
How much revenue did Canadian Critical Minerals (RIINF) generate from Bull River Mine in September 2025?
How much material and what grades were shipped from Bull River Mine to New Afton in September 2025 by RIINF?
What will RIINF use the Bull River Mine sale proceeds for?
What is the status of the Bull River Mine underground and ore sorter as of October 23, 2025?
Will Canadian Critical Minerals continue trucking fine mineralized material to New Afton (RIINF)?
What happens to reject material from the sorting process at Bull River Mine (RIINF)?
