Canadian Critical Minerals Generates USD$167,000 in Revenue from Bull River Mine
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 (CCMI) ha riportato ricavi di USD$167.000 dal suo progetto Bull River Mine nel dicembre 2024. L'azienda ha spedito 424 tonnellate metriche secche di materiale mineralizzato selezionato a New Afton, raggiungendo i loro più alti gradi finora grazie alle operazioni di selezione a 5,43% Cu, 0,80 g/t Au e 59,2 g/t Ag.
Sebbene le condizioni invernali e le vacanze natalizie abbiano influenzato il rendimento della selezione del minerale, l'azienda ha spedito circa 6.255 tonnellate di materiale mineralizzato a New Afton nell'ambito dell'Accordo di Acquisto del Minerale, inclusi 5.055 tonnellate di materiale selezionato e 1.200 tonnellate di materiali fini non selezionati. I materiali scartati dalla selezione hanno un grado compreso tra 0,4% Cu e 1,0% Cu, che possono essere lavorati una volta riprese le operazioni della fabbrica.
L'azienda ha anche accumulato circa 60.000 tonnellate di materiale fine con un grado di 1,39% di rame, 0,29 g/t di oro e 11 g/t di argento.
Canadian Critical Minerals (CCMI) informó ingresos de USD$167,000 de su proyecto Bull River Mine en diciembre de 2024. La empresa envió 424 toneladas métricas secas de material mineralizado clasificado a New Afton, logrando sus grados más altos hasta ahora a través de las operaciones de clasificación de 5.43% Cu, 0.80 g/t Au y 59.2 g/t Ag.
Aunque las condiciones invernales y las vacaciones navideñas afectaron el rendimiento de la clasificación del mineral, la empresa ha enviado aproximadamente 6,255 toneladas de material mineralizado a New Afton bajo el Acuerdo de Compra de Mineral, incluyendo 5,055 toneladas de material clasificado y 1,200 toneladas de finos no clasificados. Los rechazos de la clasificación tienen un grado entre 0.4% Cu y 1.0% Cu, que se pueden procesar una vez que se reanuden las operaciones de la planta.
La empresa también ha acumulado aproximadamente 60,000 toneladas de material fino con un grado de 1.39% de cobre, 0.29 g/t de oro y 11 g/t de plata.
캐나다 비판 광물 (CCMI)은 2024년 12월 Bull River Mine 프로젝트에서 USD$167,000의 매출을 보고했습니다. 이 회사는 뉴 아프톤에 424톤의 건조한 분리된 광물화 물질을 배송하여 5.43% Cu, 0.80 g/t Au 및 59.2 g/t Ag의 선별 작업을 통해 지금까지의 최고 품질을 달성했습니다.
겨울철 날씨와 휴가가 광석 분류 처리량에 영향을 미쳤지만, 이 회사는 광석 구매 계약에 따라 뉴 아프톤에 약 6,255톤의 광물화 물질을 배송했으며, 여기에는 5,055톤의 분리된 물질과 1,200톤의 비분리된 미세 물질이 포함됩니다. 분류에서 생성된 폐기물의 품질은 0.4% Cu와 1.0% Cu 사이로, 제분 작업이 재개되면 가공할 수 있습니다.
이 회사는 또한 1.39% 구리, 0.29 g/t 금 및 11 g/t 은의 품질을 가진 약 60,000톤의 미세 물질을 재고해 두었습니다.
Canadian Critical Minerals (CCMI) a rapporté des revenus de USD$167,000 pour son projet Bull River Mine en décembre 2024. La société a expédié 424 tonnes métriques sèches de matériel minéralisé trié vers New Afton, atteignant leurs meilleures teneurs à ce jour grâce aux opérations de tri à 5,43% Cu, 0,80 g/t Au et 59,2 g/t Ag.
Bien que les conditions hivernales et les vacances de fin d'année aient affecté le rendement de tri des minerais, la société a expédié environ 6,255 tonnes de matériel minéralisé à New Afton dans le cadre de l'Accord d'Achat de Minerai, y compris 5,055 tonnes de matériel trié et 1,200 tonnes de fines non triées. Les rejets du tri ont des teneurs entre 0,4% Cu et 1,0% Cu, qui peuvent être traitées une fois que les opérations d'usine reprennent.
La société a également accumulé environ 60,000 tonnes de matériel fin avec une teneur de 1,39% de cuivre, 0,29 g/t d'or et 11 g/t d'argent.
Canadian Critical Minerals (CCMI) berichtete im Dezember 2024 von Einnahmen in Höhe von USD$167.000 aus seinem Projekt Bull River Mine. Das Unternehmen versandte 424 trockene metrische Tonnen sortiertes mineralisiertes Material nach New Afton und erreichte durch Sortieroperationen ihre bis jetzt höchsten Gehalte von 5,43% Cu, 0,80 g/t Au und 59,2 g/t Ag.
Obwohl die winterlichen Bedingungen und die Urlaubszeiten die Durchsatzmenge beim Erzsortieren beeinflussten, hat das Unternehmen etwa 6.255 Tonnen mineralisiertes Material nach New Afton im Rahmen des Kaufvertrags für Erz versandt, darunter 5.055 Tonnen sortiertes Material und 1.200 Tonnen unsortierte Feinststoffe. Die Abfälle aus dem Sortierprozess haben einen Gehalt zwischen 0,4% Cu und 1,0% Cu, die verarbeitet werden können, sobald die Mühlenbetriebe wieder aufgenommen werden.
Das Unternehmen hat außerdem etwa 60.000 Tonnen feines Material mit einem Gehalt von 1,39% Kupfer, 0,29 g/t Gold und 11 g/t Silber aufgestapelt.
- Generated USD$167,000 in revenue for December 2024
- Achieved highest grades yet through sorting operations (5.43% Cu, 0.80 g/t Au, 59.2 g/t Ag)
- Maintains 60,000 tonnes stockpile of fine material for future processing
- Lower than planned shipment volume due to winter conditions and holiday disruptions
Calgary, Alberta--(Newsfile Corp. - January 28, 2025) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During the month of December 2024, the Company trucked 424 dry metric tonnes ("dmt") of sorted mineralized material to New Afton and the Company received a provisional payment of approximately USD
Ore sorting throughput was adversely affected by winter conditions and vacations for BRM employees and contract truckers over the holiday period, resulting in less material produced for shipment and delivered to New Afton. However, grades for copper, gold and silver were the highest yet achieved through sorting operations. To-date, the Company has shipped approximately 6,255 tonnes of mineralized material to New Afton under the Ore Purchase Agreement ("OPA"). Shipped material includes 5,055 tonnes of sorted material and 1,200 tonnes of unsorted fines. Rejects from the sorting process continue to grade between
Ian Berzins, President and CEO of CCMI commented, "While the total tonnes sent to New Afton during December 2024 were lower than planned, we did achieve the highest grades yet for ore sorting at the Bull River Mine."
Qualified person
CCMI's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Gary Low P.Geo., who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.
About Canadian Critical Minerals Inc.
CCMI is a mining company primarily focused on copper production assets in Canada. CCMI's main asset is the
Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.com
Caution Regarding Forward-Looking Information
This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.
Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238663
FAQ
How much revenue did RIINF generate from Bull River Mine in December 2024?
What were the grades achieved in RIINF's December 2024 shipments?
How many tonnes has RIINF shipped to New Afton under the Ore Purchase Agreement?
What is the size and grade of RIINF's stockpiled fine material at Bull River Mine?
