Welcome to our dedicated page for Canadian Critical Minerals news (Ticker: RIINF), a resource for investors and traders seeking the latest updates and insights on Canadian Critical Minerals stock.
Canadian Critical Minerals Inc. reports developments tied to copper production assets in Canada, led by the 100% owned Bull River Mine project near Cranbrook, British Columbia. Company updates center on Bull River's copper, gold and silver mineralized material, stockpiled-material sales, care and maintenance activities, engineering work, and permit-related preparations for mill and underground operations.
Recurring news also covers capital formation through flow-through units, private placements, common share purchase warrants and finder warrants, along with securities-law hold periods and TSX Venture issuer reporting matters. The company also discloses its minority interest in XXIX Metal Corp., whose holdings include the Thierry and Opemiska copper projects in Canada.
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.
Canadian Critical Minerals (CCMI) has announced significant increases in mineral resources at its Bull River Mine near Cranbrook, B.C. The updated Mineral Resource Estimate shows an 11% increase in copper metal and a 17% increase in gold metal content compared to the 2021 estimate.
The total Indicated Mineral Resource now stands at 2.9Mt grading 1.58% Cu, 0.389 g/t Au, and 13.3 g/t Ag. The surface stockpile contains 173,263 tonnes of mineralized material grading 1.092% copper, 0.232 g/t gold, and 9.1 g/t silver, representing 4,172,800 lbs of copper, 1,292 ounces of gold, and 50,507 ounces of silver.
The Bull River Mine features a fully developed infrastructure with 21,000 metres of underground developments across seven levels, a 700 tonne per day conventional mill, crushing facilities, and grid power connection.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) has reported USD$159,000 in revenue from the sale of stockpiled copper, gold and silver mineralized material from its Bull River Mine project near Cranbrook, BC.
During January 2025, the company trucked 415 dry metric tonnes of sorted mineralized material to New Afton, with impressive grades of 5.37% Cu, 0.75 g/t Au and 60.7 g/t Ag. The company noted that ore sorting throughput was negatively affected by winter conditions, which required additional time for equipment warm-up.
Despite shipping lower tonnage than planned, CEO Ian Berzins highlighted that the company "achieved some of the highest grades yet for ore sorting at the Bull River Mine." CCMI expects to send more material to New Afton in February 2025 compared to the previous two months, depending on manpower availability.
Canadian Critical Minerals (CCMI) reported revenue of USD$167,000 from its Bull River Mine project in December 2024. The company shipped 424 dry metric tonnes of sorted mineralized material to New Afton, achieving their highest grades yet through sorting operations at 5.43% Cu, 0.80 g/t Au and 59.2 g/t Ag.
While winter conditions and holiday vacations affected ore sorting throughput, the company has shipped approximately 6,255 tonnes of mineralized material to New Afton under the Ore Purchase Agreement, including 5,055 tonnes of sorted material and 1,200 tonnes of unsorted fines. Rejects from sorting grade between 0.4% Cu and 1.0% Cu, which can be processed once mill operations restart.
The company has also stockpiled about 60,000 tonnes of fine material grading at 1.39% copper, 0.29 g/t gold and 11 g/t silver.
Canadian Critical Minerals (TSXV: CCMI, OTCQB: RIINF) has completed a $100,000 flow-through financing, issuing 1,666,667 units at $0.06 per unit. Each unit includes one common share and half of one common share purchase warrant, exercisable at $0.09 per share over a two-year period. The securities have a four-month and one-day statutory hold period. No commissions were paid for this financing. The proceeds will be allocated to exploration and development activities at the Bull River Mine project near Cranbrook, B.C.
Canadian Critical Minerals (TSXV: CCMI, OTCQB: RIINF) reported revenue of USD$198,000 from its Bull River Mine project near Cranbrook, BC. In November 2024, the company shipped 524 dry metric tonnes of sorted mineralized material to New Afton, grading 5.02% Cu, 1.05 g/t Au and 50.4 g/t Ag.
To date, the company has shipped approximately 5,825 tonnes under the Ore Purchase Agreement, including 4,625 tonnes of sorted material and 1,200 tonnes of unsorted fines. Winter conditions affected ore sorting throughput, though grades achieved were the highest to date. The company maintains a stockpile of approximately 60,000 tonnes of fine material, grading 1.39% copper, 0.29 g/t gold and 11 g/t silver.
Canadian Critical Minerals (CCMI) has confirmed its 10.4% ownership stake in XXIX Metal Corp, holding 26,837,388 shares. This follows XXIX's acquisition of Cuprum Corp, where CCMI previously held a 29.5% interest. The Thierry copper-nickel project, now fully owned by XXIX through Cuprum, contains over 1.3 billion lbs of copper resources in Northwestern Ontario.
CCMI's stake in XXIX is valued at approximately $3.62 million based on XXIX's December 13, 2024 closing price of $0.135 per share. XXIX maintains a cash position of $4.60 million as of July 31, 2024, enabling continued drilling operations at Thierry in 2025. Former Cuprum shareholders can sell up to 10% of their XXIX shares immediately, with remaining shares held in escrow for up to 18 months.
Canadian Critical Minerals (CCMI) has successfully completed a flow-through financing, raising $300,000 through the issuance of 6,000,000 flow-through shares at $0.05 per share. The company paid $21,000 in finders' commissions and issued 420,000 non-transferrable broker warrants, exercisable at $0.05 per share for 24 months. The funds will be allocated to exploration and development activities at the Bull River Mine project near Cranbrook, B.C. All issued securities are subject to a four-month and one-day statutory hold period.
Canadian Critical Minerals (TSXV: CCMI, OTCQB: RIINF) has engaged ImpactDeck, a specialized investor relations firm, to enhance its visibility within the investment community. The company will pay ImpactDeck $4,000 monthly from December 1st, 2024, through February 28, 2025, with a month-to-month extension option. CEO Ian Berzins highlighted that CCMI is among the few revenue-generating junior mining companies in Canada, noting this isn't reflected in their current share price.
Canadian Critical Minerals (CCMI) reported record revenues from its Bull River Mine project near Cranbrook, BC. In October 2024, the company shipped 1,064 dry metric tonnes of sorted mineralized material to New Afton, receiving a provisional payment of USD$378,000. The material graded 4.67% Cu, 0.74 g/t Au and 44.7 g/t Ag.
To date, CCMI has shipped approximately 5,300 tonnes under the Ore Purchase Agreement. The company has 73,000 tonnes of coarse material available for sorting, 42,000 tonnes of rejects grading between 0.4-1.0% Cu, and 60,000 tonnes of fine material grading 1.39% copper, which could potentially be processed at the Bull River Mine mill once permissions are received.