CCMI Announces Second Tranche Closing of LIFE Offering

Rhea-AI Summary

Canadian Critical Minerals (TSXV: CCMI / OTCQB: RIINF) closed the second and final tranche of a private placement on December 30, 2025, raising $162,785 by issuing 4,650,999 units at $0.035 per unit. Combined with the first tranche, the Company issued 21,475,285 units for gross proceeds of $751,635. Each Unit includes one common share and one warrant exercisable at $0.05 for five years. The Company paid finders fees of $2,305 plus 65,870 finders warrants exercisable at $0.05 for two years. Proceeds are intended to fund the Bull River Mine restart application and for working capital. The Offering is subject to final TSXV approval and applicable hold periods apply.

Positive

• Gross proceeds of $751,635 from the Offering
• Total issuance of 21,475,285 units across both tranches
• Warrants exercisable at $0.05 for 5 years
• Proceeds earmarked to complete Bull River Mine restart application

Negative

• Issuance of 21,475,285 units creates potential shareholder dilution
• Finders warrants 65,870 add potential further dilution at $0.05
• Proceeds of $751,635 may be limited for large-scale restart costs
• Offering remains subject to final TSXV approval

Calgary, Alberta--(Newsfile Corp. - December 30, 2025) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to announce it has closed the second and final tranche of its previously announced private placement for proceeds of $162,785 through the issuance of 4,650,999 units of the Company (each, a "Unit") at a price of $0.035 per Unit (the "Offering"). Together with the first tranche, the Company issued a total of 21,475,285 units for gross proceeds of $751,635.

Each Unit is comprised of one common share of the Company (a "Common Share") and one common share purchase warrant of the Company (a "Warrant"), with each Warrant exercisable into one Common Share at a price of $0.05 for a period of five (5) years.

The Offering remains subject to the final approval of the TSX Venture Exchange.

In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Shares and Warrants issued to purchasers resident in Canada are immediately freely tradeable in accordance with applicable Canadian securities laws.

There is an offering document related to the Offering and the use by the Company of the Listed Issuer Financing Exemption that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.canadiancriticalmineralsinc.com.

In connection with the second tranche closing of the Offering, the Company paid finders fees of $2,305 and 65,870 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.

The Company intends to use the proceeds of the Offering to complete its application to restart the Bull River Mine project near Cranbrook, BC. and for working capital.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.

Not for distribution to United States newswire services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279198

FAQ

How much did CCMI (RIINF) raise in total from the private placement on December 30, 2025?

Combined tranches raised gross proceeds of $751,635 from issuance of 21,475,285 units.

What does each Unit issued by CCMI (RIINF) include and at what prices?

Each Unit includes one common share and one warrant; Units sold at $0.035 and warrants exercisable at $0.05.

How long are the CCMI (RIINF) warrants valid and what is the exercise price?

Warrants issued with the Units are exercisable at $0.05 for a period of 5 years.

What will CCMI (RIINF) use the private placement proceeds for?

The company intends to use proceeds to complete the Bull River Mine restart application and for working capital.

Did CCMI (RIINF) pay fees or issue additional warrants in the second tranche closing?

Yes; the company paid finders fees of $2,305 and issued 65,870 finders warrants exercisable at $0.05 for two years.

Is the CCMI (RIINF) Offering fully approved and are shares immediately tradeable?

The Offering is subject to final TSXV approval; Common Shares and Warrants issued to Canadian purchasers are immediately freely tradeable under applicable Canadian securities laws.