Canadian Critical Minerals Generates USD$79,000 in Revenue from Bull River Mine
Rhea-AI Summary
Canadian Critical Minerals reports revenue from its Bull River Mine project near Cranbrook, BC for March 2025. The company shipped 254 dry metric tonnes of sorted copper, gold, and silver mineralized material to New Afton, generating a provisional payment of approximately USD$79,000.
Key highlights:
- Material grades: 3.14% Cu, 0.82 g/t Au, and 25.2 g/t Ag
- Limited to six truck shipments due to spring road restrictions
- Carriers restricted to 70% total weight, reducing payload to 50%
The company faced operational challenges with x-ray transmissive ore sorter sensors, resulting in lower copper grades. These issues have been resolved, though early March saw higher copper content in rejects than usual. All rejected material maintains sufficient grade for future processing once the mill receives operating permits.
Trading symbols: TSXV: CCMI | OTCQB: RIINF
Positive
- Generated USD$79,000 in revenue from March 2025 shipments
- Shipped material with valuable mineral content: 3.14% Cu, 0.82 g/t Au and 25.2 g/t Ag
- Stockpiled material can be reprocessed at Bull River Mine once mill is re-permitted
Negative
- Lower than planned copper grade due to X-ray sorter sensor issues
- Reduced shipping capacity (50% of normal) due to spring road restrictions
- Higher copper content in rejects stream indicates processing inefficiency
- Mill requires re-permitting before processing can begin
News Market Reaction – RIINF
In the trading session that priced this news, RIINF gained 1.11%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Calgary, Alberta--(Newsfile Corp. - April 28, 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 March 2025, the Company trucked 254 dry metric tonnes ("dmt") of sorted mineralized material to New Afton and the Company received a provisional payment of approximately USD
The Company only sent six trucks of pre-concentrated mineralized material to New Afton in March 2025 due to the imposition of spring road restrictions on unpaved off roads in southern British Columbia in early March. During road restrictions, the carrier is restricted to
Copper grade for March 2025 was lower than planned due to operational issues with the sensors on the x-ray transmissive ore sorter. Operational issues with the sorter have been resolved and the sorter is working well. Effectively less copper reported to the high-grade stream in early March and rejects from the sorter had higher copper content than in previous months. All rejects from sorting have sufficiently high enough grade that they can be processed at the BRM once the mill has been re-permitted to operate.
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/249960