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Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF), headquartered in Calgary, Alberta, is a mining company primarily focused on near-term copper production assets in Canada. The company's main asset is the Bull River Mine project near Cranbrook, BC, which has a Mineral Resource containing copper, gold, and silver. CCMI recently completed the commissioning of a Steinert KSS 100 ore sorter at the BRM project to pre-concentrate mineralized copper material prior to shipment to New Afton. The Company also announced the successful results of its annual and special meeting held in March 2024 in Calgary, Alberta. With a strategic plan focusing on optimizing quality and throughput, CCMI aims to further enhance its operations and increase shareholder value.
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.
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.