Canadian Critical Minerals remains focused on advancing its mining assets in Canada in the battery and critical minerals space. The Bull River Mine project is its most advanced project, currently under care and maintenance. The Company continues to work with regulatory authorities to restart the mine. Canadian Critical Minerals continues to generate monthly revenues from the sale of stockpile materials to New Afton. These revenues have helped ease financing concerns by providing near-term cash flow, which will be used to restart the Bull River Mine without any significant dilution.
2025 is set to be an exciting year for the Company and has the potential to transform the Company into a well-established producer. Our attention will be focused on the successful restart of production at Bull River Mine.
Steady Stockpile Monetization Paves Funding Path for Bull River Restart
Canadian Critical Minerals generated record revenue of C$247,000 in July 2025 for the sale of stockpile material to New Afton, taking the total amount to C$1.3 million for the period January-July 2025. In July 2025, the Company transferred 1,580 tonnes of mineralized ore to New Afton, bringing the total stockpile sales to New Afton to nearly 11,100 tonnes. The revenue generated from the sale has helped alleviate financing concerns by providing near-term cash flow to address ongoing expenses, such as care and maintenance costs, and permit application costs, without any significant dilution.
Investment Highlights
- 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.
- Steady stockpile sales ease near-term funding concerns for Bull River restart: CCMI generated monthly revenue of C$247,000 in July 2025 from stockpile sales to New Afton, taking the total amount to C$1.3 million for the period January-July 2025. These cash flows help ease funding concerns and support the Bull River Mine restart with minimal dilution.
- Revised permitting strategy at Bull River: CCMI has streamlined its Bull River Mine permit strategy by combining two project phases into a single application, allowing the restart of underground mining and milling simultaneously. We think this should speed up approval timelines by reducing regulatory and consultation burdens. Final submission is targeted for Q1 2026.
- Increase in resource base to strengthen project economics: CCMI reported an 11% increase in Cu metal and 17% increase in gold content compared to previous estimates. We view this as a positive de-risking step, particularly as it complements the modified permitting strategy. With CCMI now targeting a Q126 restart timeline, the upgraded resource base improves the mine economics, which should translate into valuation upside.
- We reiterate our BUY rating and maintain our price target of C$0.18. The key catalyst for value creation will be the announcement of securing a permit for the Bull River Mine. Management is confident that this will happen.
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