• Canadian Critical Minerals Inc. (TSXV: CCMI, OTCQX: LUCMF) (the “Company”) is a base metals explorer with two advanced copper projects, the 100%-owned Bull River Mine in British Columbia, and the 33.8% interest in Thierry Mine in Ontario.
• Bull River Project Generates First Revenues: The Company succeeded in generating its first revenue from the sale of stockpile materials at the Bull River project. While the revenues were modest, the start is an important milestone for the Company. Upon the installation of the ore sorter, CCMI will be able to send high-grade stockpiled material to New Afton, leading to an increase in revenue. Overall, nearly 180,000 tonnes of surface stockpile (or 6.14 Mlb CuEq) with an implied value of C$30 million is estimated at Bull River.
• Debt Restructuring to Free Up Cash Flows: Canadian Critical Minerals sold a 61% ownership stake in its 100%-owned Thierry Mine Project. The transaction was done mainly to raise funds to settle its US$1 million debt held b

07 Mar 2024
Canadian Critical Minerals Inc. (TSXV: CCMI) – Bull River Generates Inaugural Revenues; Debt Restructuring Removes a Major Overhang

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Canadian Critical Minerals Inc. (TSXV: CCMI) – Bull River Generates Inaugural Revenues; Debt Restructuring Removes a Major Overhang
Canadian Critical Minerals Inc (CCMI:TSX) | 0 0 0.0%
- Published:
07 Mar 2024 -
Author:
Couloir Research Team -
Pages:
14 -
• Canadian Critical Minerals Inc. (TSXV: CCMI, OTCQX: LUCMF) (the “Company”) is a base metals explorer with two advanced copper projects, the 100%-owned Bull River Mine in British Columbia, and the 33.8% interest in Thierry Mine in Ontario.
• Bull River Project Generates First Revenues: The Company succeeded in generating its first revenue from the sale of stockpile materials at the Bull River project. While the revenues were modest, the start is an important milestone for the Company. Upon the installation of the ore sorter, CCMI will be able to send high-grade stockpiled material to New Afton, leading to an increase in revenue. Overall, nearly 180,000 tonnes of surface stockpile (or 6.14 Mlb CuEq) with an implied value of C$30 million is estimated at Bull River.
• Debt Restructuring to Free Up Cash Flows: Canadian Critical Minerals sold a 61% ownership stake in its 100%-owned Thierry Mine Project. The transaction was done mainly to raise funds to settle its US$1 million debt held b