Canadian Critical Minerals Generates USD$185,000 in Revenue from Bull River Mine
Rhea-AI Summary
Canadian Critical Minerals (CCMI) has reported revenue of USD$185,000 from its Bull River Mine project near Cranbrook, BC. The company shipped 542 dry metric tonnes of sorted mineralized material to New Afton in February 2025, containing grades of 4.71% Cu, 0.78 g/t Au and 47.8 g/t Ag.
The company expanded operations by adding a second sorting crew, though operations were briefly paused for annual maintenance in late February. While six trucks of pre-concentrated material were shipped in early March, further shipments are temporarily suspended due to spring road restrictions in southern British Columbia, which reduce payload capacity to 50%. CCMI plans to resume full shipping operations in early to mid-April 2025 once restrictions are lifted.
Positive
- Generated USD$185,000 in revenue from mineral sales in February 2025
- Added second sorting crew to increase operational capacity
- High-grade material with 4.71% Cu, 0.78 g/t Au and 47.8 g/t Ag
Negative
- Temporary suspension of shipping operations due to road restrictions
- Reduced payload capacity to 50% affecting operational efficiency
News Market Reaction – RIINF
In the trading session that priced this news, RIINF gained 9.09%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Calgary, Alberta--(Newsfile Corp. - March 13, 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 February 2025, the Company trucked 542 dry metric tonnes ("dmt") of sorted mineralized material to New Afton and the Company received a provisional payment of approximately USD
The Company introduced a second sorting crew during the month and sent more material to New Afton in February 2025 relative to the previous two months. The sorter was shut down for annual maintenance in the last week of February 2025. To-date the Company has sent six trucks of pre-concentrated mineralized material to New Afton in March 2025. The Company will not be shipping material to New Afton for the balance of March 2025 due to the imposition of spring road restrictions on unpaved off roads in southern British Columbia. During road restrictions the carrier is restricted to
Ian Berzins, President and CEO of CCMI commented, "Road restrictions have been implemented approximately two weeks later than in the spring of 2024 and we are optimistic that the total length of time for road restrictions in 2025 will be less than in 2024. In the interim period, we will continue to sort a high-grade pre-concentrate product and plan to send to New Afton once restrictions are removed."
Qualified person
CCMI's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Gary Low P.Geo., who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.
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/244529