15:53:58 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Canadian Critical Minerals Inc
Symbol CCMI
Shares Issued 257,186,017
Close 2024-04-15 C$ 0.055
Market Cap C$ 14,145,231
Recent Sedar Documents

Canadian Critical reviews Bull River ore sorting results

2024-04-16 14:03 ET - News Release

Mr. Ian Berzins reports

CANADIAN CRITICAL MINERALS ACHIEVING POSITIVE RESULTS FROM ORE SORTING AT BULL RIVER MINE

Canadian Critical Minerals Inc. is achieving positive results from ore sorting at the Bull River mine (BRM) project near Cranbrook, B.C. The Company is using a Steinert KSS 100 X-Ray Transmissive Ore Sorter ("Ore Sorter") to pre-concentrate coarse mineralized material from a large surface stockpile at the BRM prior to transporting to New Afton for processing under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+).

The Company previously announced the successful commissioning of the Ore Sorter (see press release dated March 18, 2024, on Sedar+). During the month of February 2024 and prior to the imposition of road restrictions on February 24th, 2024, the Company trucked 897 wet metric tonnes ("wmt") of mineralized material to New Afton. This run of mine material from the surface stockpile graded 1.39% copper, 0.29 g/t gold and 11 g/t silver and is representative of the insitu grade of the surface stockpile.

In late March and early April 2024, the Company produced 146 wmt of high-grade mineralized material using the ore sorter and trucked this material to New Afton. This sorted material graded 3.53% copper, 0.60 g/t gold and 27.58 g/t silver. This represents a 250% improvement in copper grade using ore sorting. Readers are cautioned that while ore sorting appears effective, the Company may not see similar results in future.

The Company expects road restrictions will be removed in the next week to 10 days after which it intends to increase weekly trucking to New Afton.

Ian Berzins, President and CEO commented, "We are extremely pleased with the initial results of ore sorting. A 250% increase in copper grade exceeded our expectations. With the ore sorter now commissioned, we plan to focus on optimization of quality and throughput."

Qualified personCCMI's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Gary Low P.Geo., who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.

About Canadian Critical Minerals Inc.CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI'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. CCMI also owns a 34% 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.

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