Canadian Critical Minerals Receives First Revenues from Bull River Mine Project

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Algemeen advies 03/03/2024 07:02
algary, Alberta--(Newsfile Corp. - February 29, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report that it has received first revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During the month of January 2024, the Company trucked 80 wet metric tonnes ("wmt") of mineralized material to New Afton under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+) and the Company received a provisional payment of approximately US$6,500 for the January shipments.

To-date the Company has trucked approximately 800 wmt of mineralized material from the BRM to New Afton. The Company has temporarily suspended trucking following the imposition of road restrictions late last week. Road restrictions to 70% of normal loads has a negative impact on the economies of trucking. The Company will resume trucking once road restrictions are removed. Road restrictions were imposed approximately two months earlier than normal by the Ministry of Transportation and Infrastructure of British Columbia due to mild winter conditions in the Cranbrook area.

The mineralized material sent to New Afton in January 2024 and during the month of February 2024 to-date was a combination of coarse material and fine material. There are approximately 45,000 tonnes of mineralized material on surface that has been screened and crushed by our contractor. Screening and crushing have not yet resumed. see & read more on
https://www.newsfilecorp.com/release/199936/



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