CCMI Announces Financing Update
CCMI Announces Financing Update
Calgary, Alberta--(Newsfile Corp. - March 11, 2026) - Canadian Critical Minerals Inc. (TSXV: CCMI)
(OTCQB: RIINF) ("
CCMI
" or the "
Company
") is announcing an update to the LIFE offering completed by
the Company in December 2025 (the "
Offering
").
In connection with the first tranche closing of the Offering, the Company paid an additional finders fee of
$24,500 and 350,000 finders warrants with each finder warrant entitling the holder thereof to purchase
one common share at a price of $0.05 for a period of two years. The finder warrants and the underlying
common shares are subject to a four month and one day hold period from the closing date of the Offering
in accordance with applicable Canadian securities laws.
Under the Offering, an aggregate of 1,000,000 Units, representing gross proceeds of $35,000 were
issued to certain insiders of the Company. Pursuant to Multilateral Instrument 61-101 -
Protection of
Minority Security Holders in Special Transactions
("
MI 61-101
") and TSX Venture Exchange Policy
5.9, such insider subscriptions are a "related party transaction." The Company is exempt from the formal
valuation requirement of MI 61-101 in connection with the insider subscriptions in reliance on section
5.5(b) of MI 61-101, as no securities of the Company are listed or quoted for trading on the Toronto
Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the NASDAQ stock
market or any other stock exchange outside of Canada or the United States. Additionally, the Company
is exempt from obtaining minority shareholder approval in connection with the insider subscriptions in
reliance on section 5.7(1)(a) of MI 61-101 as the aggregate value of the insider subscriptions does not
exceed 25% of the market capitalization of the Company.
About CCMI
CCMI is a mining company primarily focused on copper production assets in Canada. CCMI's main
asset is the 100% owned Bull River Mine project (150 million lbs of copper) near Cranbrook, British
Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 5.3%
interest in XXIX Metal Corp. which holds a 100% interest in the Thierry copper project near Pickle Lake,
Ontario and a 100% interest in the Opemiska copper project near Chapais-Chibougamau, Quebec.
Contact Information
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E:
Website:
www.canadiancriticalmineralsinc.com
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain "forward-looking information" within the meaning of Canadian
securities legislation, including, but not limited to, statements regarding the Company's plans with
respect to the Company's projects and the timing related thereto, the merits of the Company's
projects, the Company's objectives, plans and strategies, the use of proceeds of the Offering and
other matters. Although the Company believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be correct. Forward-looking statements are statements
that are not historical facts; they are generally, but not always, identified by the words "expects,"
"plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal,"
"objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will,"
"would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer
to future events. The Company cautions that forward-looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements are made and
they involve a number of risks and uncertainties. Consequently, there can be no assurances that such
statements will prove to be accurate and actual results and future events could differ materially from
those anticipated in such statements. Except to the extent required by applicable securities laws and
the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or opinions, or other factors, should
change. Factors that could cause future results to differ materially from those anticipated in these
forward- looking statements include the risk of accidents and other risks associated with mineral
exploration operations, the risk that the Company will encounter unanticipated geological factors, or
the possibility that the Company may not be able to secure permitting and other agency or
governmental clearances, necessary to carry out the Company's exploration plans, risks of political
uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its
business that might interfere with the Company's business and prospects. The reader is urged to refer
to the Company's reports, publicly available through the Canadian Securities Administrators' System
for Electronic Data Analysis and Retrieval + (SEDAR+) at
www.sedarplus.ca
for a more complete
discussion of such risk factors and their potential effects.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/288123