Canadian Critical Minerals: Record Revenue from Bull River Mine

Canadian Critical Minerals Inc. (CCMI) has reported record revenues from the sale of stockpiled copper, gold, and silver mineralized material at the Bull River Mine (BRM) project near Cranbrook, BC. The company's strategic approach to resource optimization and revenue generation has yielded impressive results, as evident in its recent financial performance.

In October 2024, CCMI trucked 1,064 dry metric tonnes of sorted mineralized material to New Afton, receiving a provisional payment of approximately USD$378,000. This payment represents the highest monthly revenue received to-date under the Ore Purchase Agreement (OPA) with New Afton, surpassing the previous record of USD$246,000 in June 2024. The high-grade material shipment, grading 4.67% Cu, 0.74 g/t Au, and 44.7 g/t Ag, further boosted CCMI's revenue.

The Ore Purchase Agreement (OPA) with New Afton has been instrumental in CCMI's ability to optimize its revenue streams from the Bull River Mine. By pre-concentrating coarse material using a Steinert KSS 100 X-Ray Transmissive Ore Sorter, CCMI has achieved grade improvements of over 305% for all metals. This strategic move has enabled the company to maximize its revenue potential from the Bull River Mine while minimizing processing costs.



As of October 2024, CCMI has shipped approximately 5,300 tonnes under the OPA, with 73,000 tonnes of coarse material available for sorting and shipping. The company has also stockpiled rejects and fines, which can be economically processed at the Bull River Mine once mill restart permissions are received. This flexibility allows CCMI to optimize its revenue streams and maintain a competitive advantage in the market.

The record revenue generated by CCMI in October 2024 can be attributed to a combination of increased metal prices and efficient utilization of its Bull River Mine resources. The company's strategic use of the OPA, along with the implementation of the Steinert KSS 100 X-Ray Transmissive Ore Sorter, has allowed CCMI to pre-concentrate and optimize its mineralized material, leading to higher-grade products and improved revenues. The increase in metal prices, particularly for copper, gold, and silver, has further boosted CCMI's revenues, as the company was able to capitalize on favorable market conditions.



In conclusion, Canadian Critical Minerals Inc. has demonstrated its ability to generate record revenues through strategic resource optimization and revenue generation strategies. The Ore Purchase Agreement with New Afton, coupled with the efficient use of ore sorting technology, has enabled CCMI to maximize its revenue potential from the Bull River Mine. As the company continues to adapt to market conditions and optimize its operations, investors can expect CCMI to maintain a strong financial performance in the coming years.