CCMI Announces Financing Update

Rhea-AI Summary

Canadian Critical Minerals (TSXV: CCMI; OTCQB: RIINF) updated investors on its LIFE offering closing in December 2025. The company paid a $24,500 finders fee and issued 350,000 finder warrants (exercise $0.05, two-year term). An aggregate of 1,000,000 Units totaling $35,000 were issued to insiders and treated as a related party transaction under MI 61-101 with stated exemptions.

The finder warrants and underlying shares are subject to a four-month-and-one-day hold period under Canadian securities laws.

Positive

• Raised gross proceeds of $35,000 from the Offering
• Issued 350,000 finder warrants aligning intermediary incentives

Negative

• Insider subscriptions of 1,000,000 Units classified as a related party transaction
• Finder warrants exercisable at $0.05 could dilute existing shareholders if exercised

News Market Reaction – RIINF

-1.67%

1 alert

-1.67% News Effect

On the day this news was published, RIINF declined 1.67%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Calgary, Alberta--(Newsfile Corp. - March 11, 2026) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is announcing an update to the LIFE offering completed by the Company in December 2025 (the "Offering").

In connection with the first tranche closing of the Offering, the Company paid an additional finders fee of $24,500 and 350,000 finders warrants with each finder warrant entitling the holder thereof to purchase one common share at a price of $0.05 for a period of two years. The finder warrants and the underlying common shares are subject to a four month and one day hold period from the closing date of the Offering in accordance with applicable Canadian securities laws.

Under the Offering, an aggregate of 1,000,000 Units, representing gross proceeds of $35,000 were issued to certain insiders of the Company. Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSX Venture Exchange Policy 5.9, such insider subscriptions are a "related party transaction." The Company is exempt from the formal valuation requirement of MI 61-101 in connection with the insider subscriptions in reliance on section 5.5(b) of MI 61-101, as no securities of the Company are listed or quoted for trading on the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the NASDAQ stock market or any other stock exchange outside of Canada or the United States. Additionally, the Company is exempt from obtaining minority shareholder approval in connection with the insider subscriptions in reliance on section 5.7(1)(a) of MI 61-101 as the aggregate value of the insider subscriptions does not exceed 25% of the market capitalization of the Company.

About CCMI

CCMI is a mining company primarily focused on copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (150 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 5.3% interest in XXIX Metal Corp. which holds a 100% interest in the Thierry copper project near Pickle Lake, Ontario and a 100% interest in the Opemiska copper project near Chapais-Chibougamau, Quebec.

Contact Information

Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.com

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain "forward-looking information" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, the use of proceeds of the Offering and other matters. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward- looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288123

FAQ

What did CCMI (RIINF) disclose about the LIFE offering on March 11, 2026?

CCMI reported payment of a $24,500 finders fee and issuance of 350,000 finder warrants. According to the company, an aggregate of 1,000,000 Units were issued to insiders for gross proceeds of $35,000.

How do the finder warrants issued by CCMI (RIINF) work and when do they expire?

Finder warrants entitle holders to buy one common share at $0.05 and expire after two years. According to the company, the warrants carry a four month and one day hold period on shares following the Offering.

Why were the insider subscriptions in CCMI's Offering treated as a related party transaction?

The insider subscriptions involved insiders acquiring 1,000,000 Units, qualifying as a related party transaction under MI 61-101. According to the company, exemptions to valuation and minority approval applied under sections 5.5(b) and 5.7(1)(a).

Will the insider subscriptions in CCMI (RIINF) require minority shareholder approval?

No, minority shareholder approval was not required because the aggregate insider subscriptions did not exceed 25% of market capitalization. According to the company, this meets the exemption in MI 61-101 section 5.7(1)(a).

What is the potential shareholder impact of CCMI's finder warrants and insider units?

If finder warrants or insider units are exercised, existing shareholders could face dilution at the $0.05 exercise price. According to the company, the total issued insider Units raised $35,000 in gross proceeds.