Canadian Critical Minerals Completes Commissioning of Ore Sorter at Bull River Mine Project
Canadian Critical Minerals Completes
Commissioning of Ore Sorter at Bull River
Mine Project
Calgary, Alberta--(Newsfile Corp. - March 21, 2024) - Canadian Critical Minerals Inc.
(TSXV: CCMI)
(OTCQB: RIINF)
("
CCMI
" or the "
Company
") is pleased to report that it has completed commissioning
of a Steinert KSS 100 ore sorter ("
ore sorter
") at the Bull River Mine ("
BRM
") project near Cranbrook,
BC.
The ore sorter is being used to pre-concentrate mineralized copper material from a large surface
stockpile prior to trucking to New Afton under an Ore Purchase Agreement ("
OPA
") (see press release
dated October 5, 2023, on Sedar+).
The Company temporarily suspended trucking to New Afton in the last week of February 2024 following
the imposition of road restrictions by the Ministry of Transportation and Infrastructure of British Columbia
to 70% of normal loads due to mild winter conditions in the Cranbrook area. The Company will resume
trucking once road restrictions are removed.
In the interim period, the Company will build a temporary
stockpile of higher-grade mineralized copper material ready for shipment to New Afton.
The Company is also pleased to announce the results of its annual and special meeting held in Calgary,
Alberta on March 20, 2024.
Shareholders of CCMI approved all matters of business put forth at its
annual and special meeting, including the re-election of directors Ian Berzins, David W. Johnston, Aaron
Matlock, John Morgan, Gestur Kristjansson, Heather Kennedy and Chris Stewart.
The shareholders
appointed Kenway Mack Slusarchuk Stewart LLP as auditors of the Corporation.
The shareholders also
approved the Company's rolling stock option plan.
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 34% 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:
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/202713