Calgary, Alberta–(Newsfile Corp. – November 13, 2024) – Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) (“CCMI” or the “Company“) has closed a flow-through financing for gross proceeds of $950,000, comprised of 19,000,000 flow-through shares with an issue price of $0.05 per share.
In connection with the financing, the Company paid finders cash commissions totalling $66,500 and issued 1,330,000 non-transferrable broker warrants. Each broker warrant entitles its holder to acquire one common share of the Company at a price of $0.05 per share for a 24-month period.
All securities issued are subject to a statutory hold period that expires four months and one day from issuance.
Proceeds from the financing will be used for exploration and development activities at the Bull River Mine project near Cranbrook, B.C.
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: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.com
