Canadian Critical Minerals Inc Stock Price, News & Analysis

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.

Canadian Critical Minerals (TSXV: CCMI) (OTCQB: RIINF) has reached an agreement to settle $250,000 in accounts payable through a debt-to-equity conversion. The settlement involves issuing 5,000,000 units, each consisting of one common share and half a warrant. Each full warrant can be exercised to acquire one common share at $0.075 per share within two years. The settlement requires TSX Venture Exchange approval, and the securities will have a four-month and one-day holding period after closing.

Canadian Critical Minerals (TSXV: CCMI, OTCQB: RIINF) has completed a flow-through financing raising $950,000 through the issuance of 19,000,000 flow-through shares at $0.05 per share. The company paid $66,500 in finders' commissions and issued 1,330,000 broker warrants exercisable at $0.05 per share for 24 months. The proceeds will fund exploration and development at the Bull River Mine project near Cranbrook, B.C. Securities issued are subject to a four-month and one-day hold period.

Canadian Critical Minerals Inc. (CCMI) reported USD$179,000 in revenue from the sale of stockpiled copper, gold, and silver mineralized material at the Bull River Mine project in September 2024. The company shipped 879 dry metric tonnes of sorted material to New Afton, grading 2.89% Cu, 0.79 g/t Au, and 23.4 g/t Ag.

CCMI has completed crushing and screening of the original 180,000 tonne surface stockpile. To date, they've shipped about 4,000 tonnes under the Ore Purchase Agreement. The company now has 80,000 tonnes of coarse material for sorting, 36,000 tonnes of rejects (grading 0.4-1.0% Cu) for future mill processing, and 60,000 tonnes of fines material (expected to grade 1.39% Cu, 0.29 g/t Au, 11 g/t Ag).

Canadian Critical Minerals Inc. (CCMI) has received an offer from QC Copper and Gold to purchase all outstanding shares of Cuprum Corp. in an all-share deal. CCMI currently owns 29.9% of Cuprum, which owns 100% of the Thierry Mine project. Following the proposed transaction, CCMI's ownership of QC Copper would be 10.4%.

Key terms of the acquisition include:

• QC Copper will issue 1.1538 common shares for every Cuprum common share
• A total of 82.76 million QC Copper shares will be issued
• CCMI will hold 26.77 million shares in QC Copper, valued at $3.48 million

The acquisition, if completed, will allow CCMI to focus on its Bull River Mine while gaining diversification through Opemiska and retaining interest in Thierry. Shares will be held in escrow for 18 months, with 10% free trading on closing. The transaction is subject to TSXV Exchange and QC Copper's shareholder approval, with expected closing by the end of December 2024.

Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) reported revenue of USD$95,000 from the sale of stockpiled copper, gold, and silver mineralized material at the Bull River Mine project near Cranbrook, BC. In August 2024, the company shipped 434 dry metric tonnes of sorted mineralized material to New Afton, grading 3.33% Cu, 0.64 g/t Au, and 26.7 g/t Ag.

The company faced a 10-day delay in using the ore sorter due to exhaustion of previously crushed material and contractor delays. However, a larger crushing and screening plant was recommissioned in mid-August, performing well. CCMI expects to crush and screen the entire surface stockpile, estimated at 180,000 tonnes, by late September to early October 2024. September shipments have already exceeded August's volume.

Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) reported revenue of approximately USD$143,000 from the sale of stockpiled copper, gold, and silver mineralized material at the Bull River Mine project in July 2024. The company shipped 550 wet metric tonnes of sorted mineralized material to New Afton, grading 3.73% Cu, 0.69 g/t Au, and 31.0 g/t Ag.

Despite processing more material through the ore sorter compared to previous months, lower grade material from the surface stockpile resulted in less high-grade material for shipment. The company expects some fluctuation in results due to the stockpile's heterogeneous nature. The average run of mine mineralized material grades 1.39% copper, 0.29 g/t gold, and 11 g/t silver.

Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) has successfully closed a $222,000 financing through the issuance of 3,700,000 Flow-Through Units at $0.06 per unit. Each unit includes one common share and half a warrant, exercisable at $0.09 for two years. The company paid $10,500 in finders' fees and issued 175,000 broker warrants. These warrants allow holders to acquire common shares at $0.06 for 24 months.

The proceeds are earmarked for exploration and development activities at the Bull River Mine project near Cranbrook, B.C. All securities issued are subject to a four-month and one-day statutory hold period from the date of issuance.

Canadian Critical Minerals generated $246,000 in revenue from the Bull River Mine project in June 2024, a significant increase from $103,000 in May. The company shipped 694 wet metric tonnes of copper, gold, and silver mineralized material, grading 4.67% Cu, 0.89 g/t Au, and 39.5 g/t Ag, to New Afton. This high-grade product was achieved through the use of an X-Ray Transmissive Ore Sorter. CCMI transitioned to a Monday to Sunday dayshift operation to increase daily throughput. The company's stockpiles include fines and rejects that can be economically processed once milling permission is granted.

CEO Ian Berzins highlighted the June results as the highest-grade product produced to date, with a 305% improvement in metal grades. The company expects some fluctuation in results in the coming months due to stockpile grade variability.