Canadian Critical Minerals Generates USD$95,000 in Revenue from Bull River Mine
Canadian Critical Minerals Generates
USD$95,000 in Revenue from Bull River Mine
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$95,000 for the August 2024 shipments.
The mineralized material sent to
New Afton graded 3.33% Cu, 0.64 g/t Au and 26.7 g/t Ag.
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 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:
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/223892