08:49:52 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Canadian Critical Minerals Inc
Symbol CCMI
Shares Issued 257,186,017
Close 2023-11-10 C$ 0.03
Market Cap C$ 7,715,581
Recent Sedar Documents

Cdn Critical accepts ore sorter delivery at Bull River

2023-11-13 11:22 ET - News Release

Mr. Ian Berzins reports

CANADIAN CRITICAL MINERALS INC. ACCEPTS DELIVERY OF AN ORE SORTER FOR BULL RIVER MINE

Canadian Critical Minerals Inc. accepted delivery of an ore sorter at the Bull River mine (BRM) on Nov. 11, 2023, from Bayhorse Silver Inc. The company has agreed to rent a Steinert KSS 100 X-Ray transmissive ore sorter from Bayhorse to upgrade stockpiled mineralized material at BRM.

Previously, the company announced that it had entered into an ore purchase agreement (OPA) with New Afton (see press release dated Oct. 5, 2023, on SEDAR+). Under the terms of the OPA, Canadian Critical will deliver up to 90,000 tonnes of mineralized material from the Bull River mine to the New Afton mine near Kamloops, B.C., over a period of two years. The company currently has a large stockpile of approximately 180,000 tonnes of mineralized copper, gold and silver material on surface at BRM. Material will be screened and crushed and then sorted prior to transporting to the New Afton mill facility. Ore sorting will separate low-grade and waste from higher-grade material so that only higher-grade material will be trucked.

Canadian Critical began crushing and screening of stockpiled material in early November, 2023. The company plans to begin reassembly and recommissioning of the ore sorter in November, 2023. The company is currently reviewing options for transportation of concentrated mineralized material to New Afton by truck and/or rail.

Ian Berzins, president and chief executive officer of Canadian Critical, commented: "We are extremely pleased to have the ore sorter safely delivered to the mine site. Once the sorter is operational, we can begin sending concentrated material to New Afton, thereby generating revenues from the surface stockpile. Proceeds from the OPA will be used to continue with final permitting of the project, ongoing care and maintenance costs, and further capital upgrades at the project. We are very interested to assess the applicability of ore sorting on our mineralized material on a large-scale basis as a grade control strategy. Bull River may become the first copper mine in North America to utilize X-ray transmissive ore sorting technology on a commercial scale. Potentially, ore sorting can be integrated into the BRM milling operation in the longer term. By first renting the ore sorter from BHS, we can gain operational knowledge prior to purchasing a new machine."

About Canadian Critical Minerals Inc.

Canadian Critical is a mining company primarily focused on two near-term copper production assets in Canada. The company's main asset is the 100-per-cent-owned Bull River mine project (greater than 135 million pounds of copper) near Cranbrook, B.C., which has a mineral resource containing copper, gold and silver. Canadian Critical also owns a 39-per-cent interest in the Thierry mine project (greater than 1.3 billion lb of copper) near Pickle Lake, Ont., which has a mineral resource containing copper, nickel, silver, palladium, platinum and gold.

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