◆ Canadian Critical Minerals Inc. (TSXV: CCMI, OTCQX: RIINF) (the “Company”) is a base metals explorer with its flagship advanced copper project, the 100%-owned Bull River Mine in British Columbia.
◆ Bull River project generates record monthly revenue: CCMI achieved a record monthly revenue of C$378,000 in October 2024 from the sale of stockpile materials to New Afton. Based on a projected monthly revenue run rate of C$300,000 to C$350,000, the anticipated total revenue over the next 12 months is estimated to be approximately C$3.6 million to C$4.2 million. This positive financial outlook is expected to alleviate financing concerns by generating near-term cash flow, which is intended to support the reactivation of the Bull River Mine.
◆ Sale of Thierry Mine to QC Copper: CCMI has received an all-stock offer from QC Copper (TSXV: QCCU) to sell its entire interest in its private subsidiary, Cu-prum Corp, which owns a 100% stake in Thierry Mine.
11 Dec 2024
Canadian Critical Minerals Inc. (TSXV: CCMI) Bull River generates record revenues; QC Copper to acquire Thierry Mine
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Canadian Critical Minerals Inc. (TSXV: CCMI) Bull River generates record revenues; QC Copper to acquire Thierry Mine
Canadian Critical Minerals Inc (CCMI:TSX) | 0 0 0.0%
- Published:
11 Dec 2024 -
Author:
Couloir Research Team -
Pages:
15 -
◆ Canadian Critical Minerals Inc. (TSXV: CCMI, OTCQX: RIINF) (the “Company”) is a base metals explorer with its flagship advanced copper project, the 100%-owned Bull River Mine in British Columbia.
◆ Bull River project generates record monthly revenue: CCMI achieved a record monthly revenue of C$378,000 in October 2024 from the sale of stockpile materials to New Afton. Based on a projected monthly revenue run rate of C$300,000 to C$350,000, the anticipated total revenue over the next 12 months is estimated to be approximately C$3.6 million to C$4.2 million. This positive financial outlook is expected to alleviate financing concerns by generating near-term cash flow, which is intended to support the reactivation of the Bull River Mine.
◆ Sale of Thierry Mine to QC Copper: CCMI has received an all-stock offer from QC Copper (TSXV: QCCU) to sell its entire interest in its private subsidiary, Cu-prum Corp, which owns a 100% stake in Thierry Mine.