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. CCMI continues to generate monthly revenues from the sale of stockpile materials to New Afton. This cash f low, together with proceeds from the recently completed first tranche of its private placement and the expected second tranche toward a targeted $1.0M raise, improves liquidity visibility and supports restart activities while limiting any significant near-term equity dilution.
2026 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.
- 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 $167,000 in September 2025 from stockpile sales to New Afton, taking the total amount to $1.6 million for the period January-September 2025. These cash flows help ease funding concerns and support the Bull River Mine restart with minimal dilution.
- Progress on $1.0M private placement: first tranche completed: cCMI completed the first tranche of its previously announced private placement, raising gross proceeds of C$588.9k through the issuance of 16.8 m units, representing meaningful progress toward its targeted $1.0 million financing. The proceeds will be used for the advancement of the Bull River Mine and general working capital, supporting continued project development and operational momentum. With a second tranche expected, we see a further boost to liquidity.
- We reiterate our BUY rating and update our price target to $0.20 per share (earlier $0.18). The increase is mainly on account of higher peer group multiples. The key catalyst for value creation will be the announcement of securing a permit for Bull River Mine. Management is confident that this will happen.
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