CCMI Announces Financing Update

CCMI Announces Financing Update

Canadian Critical Minerals Inc. (TSXV: CCMI,OTC:RIINF) (OTCQB: RIINF) ("CCMI" or the "Company") is announcing an update to the LIFE offering completed by the Company in December 2025 (the "Offering").

In connection with the first tranche closing of the Offering, the Company paid an additional finders fee of $24,500 and 350,000 finders warrants with each finder warrant entitling the holder thereof to purchase one common share at a price of $0.05 for a period of two years. The finder warrants and the underlying common shares are subject to a four month and one day hold period from the closing date of the Offering in accordance with applicable Canadian securities laws.

Under the Offering, an aggregate of 1,000,000 Units, representing gross proceeds of $35,000 were issued to certain insiders of the Company. Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSX Venture Exchange Policy 5.9, such insider subscriptions are a "related party transaction." The Company is exempt from the formal valuation requirement of MI 61-101 in connection with the insider subscriptions in reliance on section 5.5(b) of MI 61-101, as no securities of the Company are listed or quoted for trading on the Toronto Stock Exchange, the New York Stock Exchange, the American Stock Exchange, the NASDAQ stock market or any other stock exchange outside of Canada or the United States. Additionally, the Company is exempt from obtaining minority shareholder approval in connection with the insider subscriptions in reliance on section 5.7(1)(a) of MI 61-101 as the aggregate value of the insider subscriptions does not exceed 25% of the market capitalization of the Company.

About CCMI

CCMI is a mining company primarily focused on copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (150 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 5.3% interest in XXIX Metal Corp. which holds a 100% interest in the Thierry copper project near Pickle Lake, Ontario and a 100% interest in the Opemiska copper project near Chapais-Chibougamau, Quebec.

Contact Information

Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.com

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain "forward-looking information" within the meaning of Canadian securities legislation, including, but not limited to, statements regarding the Company's plans with respect to the Company's projects and the timing related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies, the use of proceeds of the Offering and other matters. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,", "strategy", "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward- looking statements include the risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other agency or governmental clearances, necessary to carry out the Company's exploration plans, risks of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288123

News Provided by TMX Newsfile via QuoteMedia

CCMI:CC
The Conversation (0)
Canadian Critical Minerals

Canadian Critical Minerals

Advancing Past-Producing Bull River Copper Mine Back to Production

Advancing Past-Producing Bull River Copper Mine Back to Production Keep Reading...
Yukon Metals Just Optioned a Sumitomo-Drilled Copper-Gold Project Next to Its Birch Discovery - Here's What's Now in Play in the Yukon

Yukon Metals Just Optioned a Sumitomo-Drilled Copper-Gold Project Next to Its Birch Discovery - Here's What's Now in Play in the Yukon

Issued on behalf of Yukon Metals Corp. With 18 projects, 44,000 hectares, and a recent string of high-grade hits at Birch, Carter Gulch, and Star River, this Berdahl-family-backed junior is consolidating ground in a territory the majors are once again funding Key Takeaways Yukon Metals Corp.... Keep Reading...
Tartisan Nickel Corp. Closes Second Tranche $600,000 Flow-Through Financing at $0.32 per Share

Tartisan Nickel Corp. Closes Second Tranche $600,000 Flow-Through Financing at $0.32 per Share

Tartisan Nickel Corp. (CSE: TN,OTC:TTSRF) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan" or the "Company") is pleased to announce that the Company has closed our second tranche of flow-through financing for gross proceeds of $600,000 through the issuance of flow-through common shares at a price of $0.32... Keep Reading...
Prismo Metals Reports Positive Results from Reconnaissance Mapping and Sampling at Silver King Project, Arizona

Prismo Metals Reports Positive Results from Reconnaissance Mapping and Sampling at Silver King Project, Arizona

(TheNewswire) Results Suggestive of Productive Copper Porphyry System at Depth Vancouver, British Columbia TheNewswire - May 12th, 2026 Prismo Metals Inc. (the "Company or "Prismo") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to provide an update on recent reconnaissance geologic mapping and... Keep Reading...
Anteros Metals Commences Deep Drilling at Seagull Property

Anteros Metals Commences Deep Drilling at Seagull Property

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce that drilling operations are actively underway on the Phase 2 deep drilling program at the Company's Seagull Property in northwestern Ontario, with the program now advancing beyond the historical end-of-hole depth... Keep Reading...
Bold Ventures Approved for Trading on the OTCQB Venture Market

Bold Ventures Approved for Trading on the OTCQB Venture Market

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the "Company" or "Bold") wishes to announce that its common shares have been approved for trading on the OTCQB Venture Market in the United States under the symbol (OTCQB: BVLDF). Trading commenced at the open of the market on May 7, 2026. Investors in... Keep Reading...
Drilling Commences on the Rip Copper-Molybdenum Project

Drilling Commences on the Rip Copper-Molybdenum Project

Copper Quest Exploration Inc. (CSE: CQX,OTC:IMIMF; OTCQB: IMIMF; FRA: 3MX) ("Copper Quest" or the "Company") is pleased to announce that drilling has commenced on the Rip Copper-Molybdenum Project (the "Project" or "RIP") for drilling a minimum of 2,000 meters. The RIP Project is in the Stikine... Keep Reading...

Interactive Chart

Latest Press Releases

Related News