Calgary, Alberta–(Newsfile Corp. – December 9, 2024) – Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) (“CCMI” or the “Company“) has closed a flow-through financing for gross proceeds of $300,000, comprised of 6,000,000 flow-through shares with an issue price of $0.05 per share.
In connection with the financing, the Company paid finders cash commissions totalling $21,000 and issued 420,000 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 copper production 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. The mine has a fully developed underground infrastructure to a depth of 350 metres below surface with 21,000 metres of underground workings. The mine is being maintained in a dewatered condition. The Company is currently generating revenues from the sale of concentrated ore from a large surface stockpile.
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
