Business
Canadian Critical Minerals Announces Debt Settlement Agreement
Calgary, Alberta--(Newsfile Corp. - November 18, 2024) - Canadian Critical Minerals Inc. (TSXV: ...
About this update from Canadian Critical Minerals Inc
[{"type":"text","content":"Canadian Critical Minerals Announces Debt Settlement AgreementCalgary, Alberta--(Newsfile Corp. - November 18, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) (\"CCMI\" or the \"Company\") has entered into an agreement with an arm's length vendor to settle $250,000 of accounts payable through the issuance of 5,000,000 units, with each unit comprised of one common share of the Company and one-half of one warrant, with each full warrant exercisable into a common share at an exercise price of $0.075 per share for two years.The debt settlement is subject to approval by the TSX Venture Exchange. The shares and warrants will be subject to a statutory hold period of four months and one day after the closing of the debt settlement.About Canadian Critical Minerals Inc.CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's 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. CCMI also owns a 30% interest in the Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.Contact InformationCanadian Critical Minerals Inc.Ian BerzinsPresident & Chief Executive OfficerM: +1-403-512-8202E: [email protected] Website: www.canadiancriticalmineralsinc.comCaution Regarding Forward-Looking InformationThis news release includes certain information that may constitute \"forward-looking information\" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. 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 fac...