Canadian Critical Minerals Raises $751,635 in Final Tranche of LIFE Offering to Advance Bull River Mine Restart

Canadian Critical Minerals ( (TSE:CCMI) ) just unveiled an update.

Canadian Critical Minerals Inc. has closed the second and final tranche of its listed issuer financing exemption private placement, raising an additional $162,785 through the issuance of 4,650,999 units at $0.035 per unit, for total gross proceeds of $751,635 across both tranches. Each unit consists of one common share and one five-year warrant exercisable at $0.05, and the securities issued to Canadian investors are freely tradeable under applicable securities laws. The financing, which remains subject to final TSX Venture Exchange approval, included modest cash finder fees and finder warrants and will be used to advance the company’s application to restart the Bull River Mine project in British Columbia and for working capital, underscoring CCMI’s efforts to move its key copper asset back toward production and potentially strengthen its position in the domestic critical minerals 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. is a Canadian mining company focused primarily on copper production assets. Its flagship asset is the 100%-owned Bull River Mine project near Cranbrook, British Columbia, which hosts a mineral resource containing copper, gold and silver and an estimated 150 million pounds of copper. The company also holds a 5.3% stake in XXIX Metal Corp., which owns the Thierry copper project in Ontario and the Opemiska copper project in Quebec.

Average Trading Volume: 466,794

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$9.87M

See more insights into CCMI stock on TipRanks’ Stock Analysis page.