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An update from Canadian Critical Minerals ( (TSE:CCMI) ) is now available.
Canadian Critical Minerals Inc. has announced a private placement offering of up to $1 million through the issuance of up to 28,571,428 units, each priced at $0.035. The proceeds from this offering will be used to advance the application for restarting the Bull River Mine project and for working capital. The offering is expected to close by December 8, 2025, and is subject to regulatory approvals. This move is significant for CCMI as it aims to strengthen its operational capabilities and enhance its market position in the copper mining sector.
The most recent analyst rating on (TSE:CCMI) stock is a Buy with a C$0.22 price target. To see the full list of analyst forecasts on Canadian Critical Minerals stock, see the TSE:CCMI Stock Forecast page.
More about Canadian Critical Minerals
Canadian Critical Minerals Inc. (CCMI) is a mining company primarily focused on copper production assets in Canada. Its main asset is the 100% owned Bull River Mine project near Cranbrook, British Columbia, which contains copper, gold, and silver. CCMI also holds a 5.3% interest in XXIX Metal Corp., which owns interests in the Thierry and Opemiska copper projects in Ontario and Quebec, respectively.
Average Trading Volume: 446,385
Technical Sentiment Signal: Hold
Current Market Cap: C$10.47M
Learn more about CCMI stock on TipRanks’ Stock Analysis page.