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. (OTCQB: RIINF) is a mining company that, in its public disclosures, identifies a primary focus on copper production assets in Canada. Company news releases emphasize the 100% owned Bull River Mine project near Cranbrook, British Columbia, which has a Mineral Resource containing copper, gold and silver and is described as hosting 150 million pounds of copper. The news flow around RIINF often centers on developments at this project and on related corporate and financing activities.
On this page, readers can review news items that describe revenues from the sale of stockpiled copper, gold and silver mineralized material from the Bull River Mine project, as well as updates on care and maintenance activities, engineering studies and permitting work connected to an application to restart the mill and underground operations. The company’s disclosures also discuss the trucking of mineralized material to a third-party facility and the handling of stockpiled fines and sorted material at the site.
In addition to operational updates, Canadian Critical Minerals’ news releases frequently cover financing transactions, such as flow-through financings, private placements and offerings conducted under the listed issuer financing exemption. These items outline the structure of units and warrants, the intended use of proceeds for exploration, development and working capital, and the roles of finders and the TSX Venture Exchange in providing approvals.
Other news includes corporate matters such as the grant of incentive stock options under the company’s stock option plan and historical context related to the founder of Braveheart Resources, which is described as now being Canadian Critical Minerals Inc. Investors and observers can use this news feed to follow how the company describes its progress on its Canadian copper-focused mining assets and related corporate actions.
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.
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).