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Canadian Critical Minerals Inc V.CCMI

Alternate Symbol(s):  RIINF

Canadian Critical Minerals Inc. is a Canada-based mining company primarily focused on two near-term copper production assets in Canada. The Company’s main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia, which has a Mineral Resource containing copper, gold and silver. It also owns a 30% interest in the Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario, which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold. The Thierry Project is a past-producing copper and nickel mine located approximately 15 kilometers (km) west of Pickle Lake, Ontario. The property is approximately 4,700 hectares in size and contains a NI 43-101 mineral resource. Its subsidiaries include Bull River Mineral Corporation, Gallowai Metal Mining Corporation, Grand Mineral Corporation, and Stanfield Mining Group of Canada Ltd.


TSXV:CCMI - Post by User

Comment by reddog11on May 15, 2024 12:08pm
63 Views
Post# 36041296

RE:RE:sellers

RE:RE:sellersjleer42,

Agree on all points.
Its been my experience here that there is little information given out until there is.

My understanding as far as permitting is CCMI needs cash to complete the permitting and that these sales of the ore pile will help facilitate that.

Permitting in Canada despite all the hype with fast tracking critical metals is just that, only hype.
Our permitting, in theory, should be easier as a "Bronwsfield" mine.
Once a permit for actual restart of mining is given the amount of cash needed to restart is very small.
There is over 100 million in infrastructure in place.

If I remember correctly from a past news release the startup cost is under 10 million. We may be able to use the orepile cash for that possibly. Further dilution should be very small if at all, but I have been fooled before.

Still, I am very pleased to see the ore being sold at excellent copper prices and the cash from this pile is a lifesaver.
 
jmo
RD




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