Canadian Critical Minerals Receives Update on Drill Results from Thierry Copper Project

Rhea-AI Summary

Canadian Critical Minerals Inc. (TSXV: CCMI, OTCQB: RIINF) has announced the results from five remaining drill holes at the Thierry Copper Project near Pickle Lake, Ontario. The drill program, which took place in July 2023, covered 2,600 meters. CCMI, holding 23.2 million shares (30% stake) in Cuprum Corp, the project's 100% owner, is the second-largest shareholder after Orecap Invest Corp. The results, disclosed by Orecap, indicate that the K1-1 open pit remains open on strike and down dip, suggesting potential for resource expansion. The detailed results are available on Sedar Plus and Orecap's website.

Positive

• Results from the Thierry Copper Project drill program are as good or better than expected, indicating potential for resource expansion.
• The K1-1 open pit remains open on strike and down dip, supporting the potential for follow-up drilling.
• CCMI holds a significant stake (30%) in Cuprum Corp, positioning it well for future gains from the project.

Negative

• None.

Calgary, Alberta--(Newsfile Corp. - June 20, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has received results from the remaining five drill holes at the Thierry Copper Project near Pickle Lake, Ontario that were drilled by CCMI in July 2023 as part of a 2,600 metre drill program. The Thierry Copper Project is 100% owned by Cuprum Corp. CCMI owns 23.2 million shares of Cuprum and is the second largest shareholder with approximately 30% of the issued shares of Cuprum. Orecap Invest Corp. is the largest shareholder owning 29.5 million shares of Cuprum.

A complete review of the drill results has been disclosed by Orecap Invest Corp. earlier this morning and is available on Sedar Plus in their press release dated June 20, 2024, or on their website at www.orecap.ca. Further to CCMI's disclosure of September 20, 2023, which is available on Sedar Plus, the results are as good or better than expected.

Ian Berzins, President and CEO, commented, "We are extremely encouraged by the final drill results reported by Cuprum Corp. The July 2023 drill program clearly demonstrates that the K1-1 open pit remains open on strike and down dip and supports follow-up drilling to expand the current resource."

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 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 30% interest in the Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.

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/213878

FAQ

What are the drill results for the Thierry Copper Project announced on June 20, 2024?

Canadian Critical Minerals announced that the results from the July 2023 drill program are as good or better than expected, with the K1-1 open pit remaining open on strike and down dip.

How much stake does Canadian Critical Minerals hold in Cuprum Corp?

Canadian Critical Minerals holds 23.2 million shares, approximately 30% of Cuprum Corp.

Where can I find the detailed drill results for the Thierry Copper Project?

The detailed drill results are available on Sedar Plus and Orecap Invest Corp's website.

What is the significance of the Thierry Copper Project drill results for Canadian Critical Minerals?

The drill results indicate potential for resource expansion at the Thierry Copper Project, positively impacting Canadian Critical Minerals' investment in Cuprum Corp.

When was the Thierry Copper Project drill program conducted?

The Thierry Copper Project drill program was conducted in July 2023.