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Calgary, Alberta--(Newsfile Corp. - August 14, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to report revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During the month of July 2024, the Company trucked 550 wet metric tonnes ("wmt") of sorted mineralized material to New Afton and the Company received a provisional payment of approximately USD$143,000 for the July 2024 shipments. The mineralized material sent to New Afton graded 3.73% Cu, 0.69 g/t Au and 31.0 g/t Ag.
During the month, the Company encountered lower grade material from the surface stockpile. Although more mineralized material was processed through the ore sorter compared to all previous months of operation, less high-grade material was concentrated for shipment to New Afton. The stockpile is not totally homogeneous in terms of grade, so the Company expects to see some fluctuation in results on a month-to-month basis.
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Ian Berzins, President and CEO commented, "The average run of mine mineralized material in the surface stockpile grades 1.39% copper, 0.29 g/t gold and 11 g/t silver but there are pockets of higher and lower grade material. Rejects from the ore sorting process continue to grade between 0.4% Cu and 1.0% Cu. The cut off grade ("COG") for milling copper mineralized material at the BRM that is already on surface is 0.4% Cu. Hence, all rejects can be economically processed in future at the BRM once the Company has received permission to restart the mill. Readers are reminded that less than 2% of all micro-cap junior mining companies in Canada are generating revenues."
Qualified person
CCMI'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 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.