On October 16, 2024, Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) announced positive revenue results from the sale of copper, gold, and silver mineralized material at the Bull River Mine (“BRM”) project near Cranbrook, BC. In September 2024, the company shipped 879 dry metric tonnes of sorted mineralized material to New Afton, receiving a provisional payment of approximately USD$179,000. The mineralized material sent to New Afton had a grade of 2.89% Cu, 0.79 g/t Au, and 23.4 g/t Ag.
Throughout the month, the company continued to crush and screen the surface stockpile using a larger crushing and screening plant. By October 5th, 2024, the contractor had finished processing the remaining material from the original 180,000-tonne surface stockpile. Approximately 4,000 tonnes of mineralized material have been shipped to New Afton under the Ore Purchase Agreement (OPA) to date. The company currently has 80,000 tonnes of coarse material available for sorting through the ore sorter before shipping to New Afton. Additionally, there are 36,000 tonnes of rejects from the sorting process that are being stockpiled on the surface for future processing at the BRM mill.
Ian Berzins, President and CEO of CCMI, expressed satisfaction with the revenue results from September 2024, which marked the second-highest monthly total since the implementation of the OPA in January 2024. The company appreciates the efficient operation of the crushing and screening plant by Tyalta Industries Inc.
Gary Low P.Geo., a Qualified Person under the definition of National Instrument 43-101, has reviewed and approved CCMI’s technical disclosures in this news release.
Canadian Critical Minerals Inc. is primarily focused on two copper production assets in Canada: the Bull River Mine project in British Columbia and the Thierry Mine project in Ontario. The company aims to leverage these assets for future growth opportunities.
Caution Regarding Forward-Looking Information: This news release may contain forward-looking information under applicable Canadian securities legislation. Such information involves known and unknown risks that could affect the company’s strategic plans, work programs, and results. Readers should exercise caution when relying on forward-looking information, as actual results may differ from anticipated outcomes.
Neither the TSX Venture Exchange nor its Regulation Service Provider accepts responsibility for the adequacy or accuracy of this news release. Source: Canadian Critical Minerals Inc.
