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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. (TSXV: CCMI) (OTCQB: RIINF) announces the delivery of an ore sorter at the Bull River Mine from Bayhorse Silver Inc. The company will use the sorter to upgrade stockpiled mineralized material and deliver up to 90,000 tonnes to the New Afton Mine under an Ore Purchase Agreement. The ore will be screened, crushed, and sorted before transporting to the New Afton mill facility. CCMI plans to reassemble and re-commission the ore sorter in November 2023, with potential for integrating ore sorting into the BRM milling operation in the future.
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Canadian Critical Minerals Inc. has completed the sale of a controlling interest in its subsidiary Cuprum Corp. to Orecap Invest Corp. Orecap acquired a 45% interest in Cuprum for $1,350,000 in cash. CCMI retains a 39% interest in Cuprum. CCMI will receive 3,000,000 share purchase warrants of Cuprum. Additionally, CCMI is entitled to milestone payments from Cuprum based on the increase in copper resources at the Thierry Copper Mine.
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Canadian Critical Minerals Inc. has modified a Facilities Agreement with British Columbia Hydro and Power Authority for its Bull River Mine project. The reconnection has been postponed until the company receives its permit to restart the mine. The new transmission interconnection will provide up to 5,000 kVA in contract demand.
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Canadian Critical Minerals Inc. enters into Ore Purchase Agreement for processing ore at New Afton operation
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Canadian Critical Minerals Inc. sells controlling interest in subsidiary Pickle Lake Minerals Inc. to Orecap Invest Corp. for $1.35 million. CCMI retains 39% interest. Orecap acquires 45% interest in Pickle Lake. CCMI receives 3 million share purchase warrants. QC Copper acquires 10% of Pickle Lake for $300,000. Ocean Partners acquires 6% of common shares. Proceeds used to discharge $1 million loan with Ocean Partners UK. Sale provides cash to discharge loan and focus on Bull River Mine project. Closing subject to final approval.
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Canadian Critical Minerals Inc. announces assay results from drill holes at Thierry Mine Project in Ontario. CCM-23-51 intersected 106m of 0.539% CuEq mineralization, CCM-23-52 intersected 31.2m of 0.677% CuEq mineralization. Potential to expand upon current Inferred Resource at K1-1 deposit.
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Canadian Critical Minerals Inc. provides an update on the exploration drilling program at the Thierry Mine Project. Five drill holes have been completed, encountering visual mineralization including copper, nickel, and zinc. The summer program aims to expand upon the K1-1 deposit, with 40 drill targets identified. CCM-23-55 is the deepest hole drilled to date and shows promising mineralization. Assay results are pending.
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Canadian Critical Minerals Inc. grants 11 million incentive stock options at $0.05 per share.
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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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8.71M
233.93M
8.81%
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United States of America
Calgary