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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 jleer42on Oct 02, 2024 4:08pm
47 Views
Post# 36250594

RE:RE:RE:RE:QC copper and Gold News release

RE:RE:RE:RE:QC copper and Gold News release

Ian has said the permits are not submitted, CCMI needs to do some engineering work first. I was hoping the work would be done this fall, I think the cost is a couple hundred thousand. I thought the last funds raised could pay for it, leaving positive cash flow from the ore pile sales.

I also don't know if Ian would prefer to own 30% of Thierry (Cuprum) or 10% of QC Copper. I know little about QC Copper, but at first glance it looks like part of a mishmash of companies. Possibly easy for the CEO Stewart to favour one of his companies over others.

Also, the current shipping/processing agreements could possibly be maintained, so even if the mine is started up the mill etc doesn't need to be started right away. Probably not a great long-term solution, but it could mean getting things going more quickly and avoiding any need for share dilution.

I'm mostly thinking out loud here, but there are several possible ways to proceed at this point. I am just happy that things are looking positive.

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