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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.
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Canadian Critical Minerals Inc. has closed a flow-through financing of $247,500 through the issuance of 4,500,002 Flow-Through Shares at an issue price of $0.055 per share. The financing includes finder cash commissions of $15,925 and 289,545 finder warrants. The proceeds will be utilized for exploration and development activities at the Bull River Mine project near Cranbrook, B.C.
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Canadian Critical Minerals Inc. (RIINF) reports positive results from ore sorting at the Bull River Mine project, achieving a 250% increase in copper grade. The Company successfully commissioned the ore sorter and transported high-grade material to New Afton for processing. Road restrictions are expected to be lifted soon, allowing increased trucking to the processing facility.
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Canadian Critical Minerals Inc. (RIINF) completes commissioning of ore sorter at Bull River Mine. Shareholders approve all business matters at annual meeting.
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Canadian Critical Minerals Inc. (TSXV: CCMI) reports additional revenues from the sale of mineralized material at the Bull River Mine project. The Company received approximately US$66,000 for trucking 897 wet metric tonnes of material to New Afton in February 2024. Road restrictions impacted trucking operations, but the Company plans to resume once restrictions are lifted. The Company expects increased revenues by sending high-grade material to New Afton.
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Canadian Critical Minerals Inc. (TSXV: CCMI) reports first revenues from the sale of mineralized material at the Bull River Mine project. The company received approximately US$6,500 for trucking 80 wet metric tonnes of material to New Afton in January 2024. Road restrictions have temporarily halted trucking, impacting the economy. The company plans to resume once restrictions are lifted and commission an ore sorter to upgrade material for higher revenues.
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Canadian Critical Minerals Inc. (TSXV: CCMI) receives an amended operating permit for its Bull River Mine project, enabling screening, crushing, and sorting activities. The Company enters into an Ore Purchase Agreement with New Afton to deliver mineralized material. CCMI has a large stockpile of copper, gold, and silver material to be processed through an X-ray transmissive ore sorter for transportation to New Afton. Despite delays due to permit amendments, the Company looks forward to utilizing the ore sorter to generate revenues and become the first in North America to use this technology on a commercial scale.
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Canadian Critical Minerals Inc. appoints Chris Stewart as an independent Director, bringing over 30 years of experience in the mining industry. The company aims to restart the Bull River copper, gold, and silver mine and is excited to work with Stewart to unlock the value of their mineral properties.
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Canadian Critical Minerals Inc. (TSXV: CCMI) has entered into a trucking agreement with Arrow Transportation Systems Inc. to haul mineralized material from its Bull River Mine to the New Afton Mine operation for processing. The agreement involves the transportation of approximately 16,000 wet metric tonnes of mineralized material over four months, with the potential for up to 90,000 tonnes over two years. The material will be screened, crushed, and sorted through an X-ray transmissive ore sorter before transport, with the potential for additional material to be sent to New Afton. This development positions the company to generate revenues from its stockpiled material in the near future.
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Canadian Critical Minerals Inc. (CCMI) (TSXV: CCMI) (OTCQB: RIINF) received initial assays on mineralized material from the surface stockpile at its flagship Bull River Mine (BRM) project near Cranbrook, BC. Approximately 40,000 tonnes of material has been screened and crushed, with the Fines graded at 2.51% copper, 0.32 g/t gold, and 18.45 g/t silver for a copper equivalent grade of 2.93%. The Company has entered into an Ore Purchase Agreement with New Afton to deliver up to 90,000 tonnes of material over two years. The stockpile contains approximately 180,000 tonnes of mineralized copper, gold, and silver material on the surface at BRM. The Company is reassembling the ore sorter and plans to complete recommissioning in early to mid-January 2024.
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Canadian Critical Minerals Inc. (CCMI) (TSXV: CCMI) (OTCQB: RIINF) is focused on its flagship Bull River Mine project, the highest-grade advanced underground copper mine in British Columbia, with significant infrastructure in place. The project has a current Indicated and Inferred Resource estimate for the project at the base case Copper Equivalent (CuEq) grade of 0.9% CuEq.
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FAQ
What is the current stock price of CANADIAN CRITICAL MNRLS (RIINF)?
The current stock price of CANADIAN CRITICAL MNRLS (RIINF) is $0.0325 as of October 11, 2024.
What is the market cap of CANADIAN CRITICAL MNRLS (RIINF)?
The market cap of CANADIAN CRITICAL MNRLS (RIINF) is approximately 8.7M.
Where is Canadian Critical Minerals Inc. headquartered?
Canadian Critical Minerals Inc. is headquartered in Calgary, Alberta.
What is the company's primary focus?
CCMI is primarily focused on near-term copper production assets in Canada.
What is the main asset of Canadian Critical Minerals Inc.?
The company's main asset is the Bull River Mine project near Cranbrook, BC.
What type of material does the Bull River Mine project contain?
The Bull River Mine project contains mineralized copper, gold, and silver material.
What recent development did Canadian Critical Minerals Inc. announce regarding its operations?
CCMI recently completed the commissioning of a Steinert KSS 100 ore sorter at the BRM project.
What results did the company report from its annual and special meeting in March 2024?
Shareholders of CCMI approved all matters of business put forth at the annual and special meeting.
What is the strategic focus of Canadian Critical Minerals Inc. moving forward?
The company plans to focus on optimizing quality and throughput to enhance operations and increase shareholder value.
Who serves as the President & CEO of Canadian Critical Minerals Inc.?
Ian Berzins is the President & Chief Executive Officer of CCMI.
What is the website of Canadian Critical Minerals Inc.?
The company's website is www.canadiancriticalmineralsinc.com.
What is the phone number to contact Canadian Critical Minerals Inc.?
You can contact CCMI at +1-403-512-8202.
CANADIAN CRITICAL MNRLS
OTC:RIINF
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RIINF Stock Data
8.71M
233.93M
8.81%
0%
Other Precious Metals & Mining
Basic Materials
United States of America
Calgary