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Canadian Critical Minerals ( (TSE:CCMI) ) has shared an update.
Canadian Critical Minerals Inc. has successfully closed the first tranche of its private placement, raising $588,850 through the issuance of 16,824,286 units. The proceeds will be used to advance the Bull River Mine project and for working capital, marking a significant step in CCMI’s operational strategy. The offering is subject to final approval from the TSX Venture Exchange, and a second tranche is expected soon, potentially enhancing the company’s market positioning and operational capabilities.
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 focused on copper production assets in Canada. Its main asset is the Bull River Mine project near Cranbrook, British Columbia, which contains copper, gold, and silver. CCMI also holds a minority interest in XXIX Metal Corp., which owns copper projects in Ontario and Quebec.
Average Trading Volume: 455,493
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$10.47M
For a thorough assessment of CCMI stock, go to TipRanks’ Stock Analysis page.