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Bullboard - Stock Discussion Forum 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... see more

TSXV:CCMI - Post Discussion

Canadian Critical Minerals Inc > More good news late today...
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Post by gemsearcher2 on Apr 22, 2021 12:28am

More good news late today...

https://stockhouse.com/news/press-releases/2021/04/21/braveheart-completes-concentrate-offtake-agreement-and-stockpile-financing

Nice to see them making some progress in their plans to get Bullriver mine re-opened.
--not sure what the current LIBOR rate is for commercial lenders but hopefully it is not high because adding 8.75% on top of it could start to get pretty expensive borrowing i would think.

However, borrowing against the stockpiled ore is non dilutive for the shareholders so hopefully it is a good path foreward.
I know there are not many companies that have a stockpile of material that they can borrow against!.. So in that way it is serving a good purpose just by being used imo.If they can use that to assist restarting the mine then that seems a good way to make use of it.
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