CCMI Announces Second Tranche Closing of LIFE Offering
CCMI Announces Second Tranche Closing of
LIFE Offering
Calgary, Alberta--(Newsfile Corp. - December 30, 2025) - Canadian Critical Minerals Inc. (TSXV: CCMI)
(OTCQB: RIINF) ("
CCMI
" or the "
Company
") is pleased to announce it has closed the second and final
tranche of its previously announced private placement for proceeds of $162,785 through the issuance of
4,650,999
units of the Company (each, a "
Unit
") at a price of $0.035 per Unit (the "
Offering
"). Together
with the first tranche, the Company issued a total of 21,475,285 units for gross proceeds of $751,635.
Each Unit is comprised of one common share of the Company (a "
Common Share
") and one common
share purchase warrant of the Company (a "
Warrant
"), with each Warrant exercisable into one Common
Share at a price of $0.05 for a period of five (5) years.
The Offering remains subject to the final approval of the TSX Venture Exchange.
In accordance with National Instrument 45-106 -
Prospectus Exemptions
("
NI 45-106
"), the Units were
issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-
106, as amended by Coordinated Blanket Order 45-935 -
Exemptions from Certain Conditions of the
Listed Issuer Financing Exemption
(the "
Listed Issuer Financing Exemption
"). The Common Shares
and Warrants issued to purchasers resident in Canada are immediately freely tradeable in accordance
with applicable Canadian securities laws.
There is an offering document related to the Offering and the use by the Company of the Listed Issuer
Financing Exemption that can be accessed under the Company's profile on SEDAR+ at
www.sedarplus.ca
and on the Company's website at
www.canadiancriticalmineralsinc.com
.
In connection with the second tranche closing of the Offering, the Company paid finders fees of $2,305
and 65,870 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.
The Company intends to use the proceeds of the Offering to complete its application to restart the Bull
River Mine project near Cranbrook, BC. and for working capital.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in
the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "
U.S. Securities Act
") or any state securities laws and may
not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
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.
Not for distribution to United States newswire services or for dissemination in the United States
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/279198