Canadian Critical Minerals Inc V.CCMI

Short-Term Revenue on Development & Copper Production V:CCMI

[Betteryear2]

This company has paid for video production.

1465 Views Nov 15, 2023

Interview with Ian M Berzins, President & CEO of Canadian Critical Minerals Inc. Our previous interview: https://www.cruxinvestor.com/posts/br... Recording date: 13th November 2023 Canadian Critical Minerals (TSXV:CCMI) is a Calgary-based mining company focused on copper and battery metals projects in Canada. The company has two main projects - the past-producing Bull River copper mine near Cranbrook, BC, and the Thierry copper project in Ontario. Bull River is Canadian Critical Minerals' flagship project, with existing usable infrastructure of about $100 million. Canadian Critical Minerals has completed dewatering and rehabilitation work to prepare for a restart of mining. The company is awaiting final permits and plans to begin processing material from an on-site 180,000-tonne stockpile in 2024 under an ore purchase agreement with New Gold. This is expected to generate $4-5 million in revenue over 15-18 months to fund ongoing permitting and development. Longer-term plans are to refurbish the underground mine and mill to resume commercial production. The Thierry project is an earlier-stage copper asset with an estimated 1.3 billion pounds of copper. Canadian Critical Minerals recently sold a 61% interest to Orecap Invest Corp. to advance exploration and development, and retains a 39% interest as the company will benefit from milestone payments as resources grow. Canadian Critical Minerals continues to have a tight capital structure and is focused on generating near-term cash flow to fund corporate overhead and advance its projects without further dilution. Upcoming potential catalysts are final permits at Bull River and exploration results from Thierry.

Canadian Critical Minerals (TSXV:CCMI) - Short-Term Revenue on Development & Copper Production - YouTube

[jleer42]

Nice to get Ian's view on how things will proceed along with some explanations on what has happened to get us here. The permitting process in general just seems to be a nightmare, but overall positive info. Time to look to the future and not dwell on what could have happened.

[reddog11]

It was nice to see Ian on the interview. I think the Thierry sale was the only real solution and retain 39%. Crazy that Bull River has 100 million infrastructure in place and the money coming from the ore pile and we trade at $ .025 and 6 million market cap. I like that we do have a plan to last two years pretty easy. By then the mining sector might have turned and copper may be higher also

[greendayyyy]

I like Ian's deal with New Gold. Who knows, we might see an agreement with them that could give us important support in obtaining permits more quickly. Who knows.

[reddog11]

It was interesting that in the begging of the interview Ian mentioed the ore stockpile being worth 30 million, but late in the interview mentioned we could net 4-5 million. I was hoping for better, and that may have been a number for the 90,000 committed and not the 180,000 we have. Still, worse case 5 million cash is close to our current market value. I would think that at least keeps us from