Canadian Critical Minerals Generates USD$95,000 in Revenue from Bull River Mine
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) ha riportato un reddito di USD$95,000 dalla vendita di materiale mineralizzato in stockpiles di rame, oro e argento nel progetto Bull River Mine vicino a Cranbrook, BC. A agosto 2024, l'azienda ha spedito 434 tonnellate metriche secche di materiale mineralizzato selezionato a New Afton, con una composizione di 3,33% Cu, 0,64 g/t Au e 26,7 g/t Ag.
L'azienda ha affrontato un ritardo di 10 giorni nell'uso del selezionatore di minerali a causa dell'esaurimento del materiale precedentemente frantumato e dei ritardi dei contrattisti. Tuttavia, un impianto di frantumazione e vagliatura più grande è stato rimesso in funzione a metà agosto, e ha funzionato bene. CCMI prevede di frantumare e vagliare l'intero stockpile superficiale, stimato in 180,000 tonnellate, entro la fine di settembre o inizio ottobre 2024. Le spedizioni di settembre hanno già superato il volume di agosto.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) reportó ingresos de USD$95,000 por la venta de material mineralizado de cobre, oro y plata almacenado en el proyecto Bull River Mine cerca de Cranbrook, BC. En agosto de 2024, la compañía envió 434 toneladas métricas secas de material mineralizado clasificado a New Afton, con una ley de 3.33% Cu, 0.64 g/t Au y 26.7 g/t Ag.
La empresa enfrentó un retraso de 10 días en el uso del clasificador de minerales debido a la agotamiento del material previamente triturado y retrasos de contratistas. Sin embargo, una planta de trituración y clasificación más grande fue reactivada a mediados de agosto, funcionando bien. CCMI espera triturar y clasificar todo el stockpile superficial, estimado en 180,000 toneladas, para finales de septiembre o principios de octubre de 2024. Las envíos de septiembre ya han superado el volumen de agosto.
캐나다 크리티컬 미네랄스 Inc. (TSXV: CCMI) (OTCQB: RIINF)는 크랜브룩 근처의 벌 리버 광산 프로젝트에서 저장된 구리, 금 및 은 미네랄 물질의 판매로 USD$95,000의 수익을 보고했습니다. 2024년 8월, 회사는 434건의 드라이 메트릭 톤의 분류된 미네랄 물질을 뉴 아프톤으로 발송했으며, 성분은 3.33% Cu, 0.64 g/t Au 및 26.7 g/t Ag입니다.
회사는 이전에 분쇄된 물질 고갈과 계약자 지연으로 인해 광석 분류기를 사용하는 데 10일의 지연을 겪었습니다. 그러나 더 큰 분쇄 및 선별 플랜트가 8월 중순에 다시 가동되었고, 성능이 좋았습니다. CCMI는 2024년 9월 말이나 10월 초까지 180,000톤으로 추정되는 전체 표면 재고를 분쇄하고 선별할 것으로 예상하고 있습니다. 9월의 배송량은 이미 8월의 물량을 초과했습니다.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) a rapporté un chiffre d'affaires de 95 000 USD provenant de la vente de matériel minéralisé stocké en cuivre, or et argent dans le projet de mine Bull River près de Cranbrook, BC. En août 2024, l'entreprise a expédié 434 tonnes métriques sèches de matériel minéralisé trié à New Afton, avec une teneur de 3,33 % Cu, 0,64 g/t Au et 26,7 g/t Ag.
L'entreprise a subi un retard de 10 jours concernant l'utilisation du séparateur de minerai en raison de l'épuisement du matériel précédemment broyé et des retards des sous-traitants. Cependant, une plus grande installation de concassage et de criblage a été remise en service à la mi-août, et a bien fonctionné. CCMI prévoit de concasser et de cribler l'intégralité du stock superficiel, estimé à 180 000 tonnes, d'ici la fin septembre ou début octobre 2024. Les expéditions de septembre ont déjà dépassé le volume d'août.
Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) berichtete von Einnahmen in Höhe von USD$95,000 aus dem Verkauf von gelagertem mineralisiertem Material aus Kupfer, Gold und Silber im Projekt Bull River Mine nahe Cranbrook, BC. Im August 2024 versendete das Unternehmen 434 trockene metrische Tonnen sortiertes mineralisiertes Material nach New Afton, das eine Gehalte von 3,33% Cu, 0,64 g/t Au und 26,7 g/t Ag aufwies.
Das Unternehmen hatte eine Verzögerung von 10 Tagen bei der Verwendung des Erzmessgeräts aufgrund von Erschöpfung des zuvor zerkleinerten Materials und Verzögerungen bei den Auftragnehmern. Ein größeres Zerkleinerungs- und Siebwerk wurde jedoch Mitte August wieder in Betrieb genommen und arbeitete gut. CCMI erwartet, dass der gesamte Oberflächenbestand, der auf 180,000 Tonnen geschätzt wird, bis Ende September oder Anfang Oktober 2024 zerkleinert und gesiebt wird. Die Lieferungen im September haben bereits das Volumen im August übertroffen.
- Generated USD$95,000 in revenue from mineralized material sales
- Shipped 434 dry metric tonnes of high-grade material (3.33% Cu, 0.64 g/t Au, 26.7 g/t Ag)
- Recommissioned larger crushing and screening plant, improving productivity
- September shipments already exceeding August's volume
- 10-day delay in ore sorter operation due to exhausted stockpile and contractor delays
- Reduced concentrated ore production in August due to operational issues
Calgary, Alberta--(Newsfile Corp. - September 19, 2024) - 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 August 2024, the Company trucked 434 dry metric tonnes ("dmt") of sorted mineralized material to New Afton and the Company received a provisional payment of approximately USD
The Company was unable to use the ore sorter for 10 days in early August 2024 because the stockpile of previously crushed and screened coarse material had been exhausted by the end of July 2024 and the contractor responsible for operating the crushing and screening plant incurred delays in remobilizing equipment and crews back to the mine site. This resulted in less concentrated ore being produced by the ore sorter through the month. A larger crushing and screening plant was recommissioned in mid-August 2024 and the unit is performing extremely well. Based on the current levels of productivity the Company expects that the entire surface stockpile, estimated at approximately 180,000 tonnes, will be crushed and screened by late September 2024 to early October 2024. To-date in September 2024, the Company has already exceeded the amount of material trucked to New Afton in August 2024.
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 two near-term 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.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223892
FAQ
What was Canadian Critical Minerals' (RIINF) revenue from Bull River Mine in August 2024?
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When does Canadian Critical Minerals (RIINF) expect to complete crushing and screening of the surface stockpile?
