Canadian Critical Minerals Closes $300,000 Flow-Through Financing
Summary
Calgary, Alberta--(Newsfile Corp. - December 9, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has closed a flow-through financing for gross proceeds of $300,000, comprised of 6,000,000 flow-through shares with an issue price of $0.05 per share.In connection with the financing, the Company paid finders cash commissions totalling $21,000 and issued 420,000 non-transferrable broker warrants. Each broker warrant entitles its holder to acquire one common share of the Company at a price of $0.05 per share for a 24-month period.All securities issued are subject to a statutory hold period that expires four months and one day from issuance.Proceeds from the financing will be used for exploration and development activities at the Bull River Mine project near Cranbrook, B.C.CCMI is a mining company primarily focused on copper production in Canada. CCMIs 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. Forward-looking information necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and other risks.Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Companys continuous disclosure record. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.