Canadian Critical Minerals Receives Mining Lease Term Renewal for Bull River Mine

• Canadian Critical Minerals Inc. (CCMI) received regulatory approval to renew two mining leases at its Bull River Mine project in British Columbia for an additional 30 years.
• The renewals cover Mining Lease 212492 (Nov 2022 to Nov 2052) and Mining Lease 212493 (Feb 2023 to Feb 2053).
• Approval was granted by the Chief Gold Commissioner of BC's Ministry of Mining and Critical Minerals.
• First Nations consultation with the Ktunaxa Nation Council and Shuswap Band confirmed the renewals will not significantly impact Aboriginal rights and interests.
• The company outlined a phased mine restart plan: initial processing of ~155,000 tonnes of surface stockpiles, followed by underground mining.
• Updated permitting documents (Project Description and Information Requirements Table) are expected within 60 days to support an update to Mining Permit M33.
• The mine remains dewatered at 350 metres depth, with orebodies still open at depth.

• The lease renewal is a routine but necessary regulatory milestone that aligns with previously announced restart plans. It removes a potential tenure risk and provides long-term security for the project.
• Historically, CCMI has been generating modest revenue ($130k-$358k USD monthly) from selling stockpiled material to offset care-and-maintenance costs. The lease renewal supports the narrative that the company is preparing for a restart, but it does not immediately change the financial outlook.
• The news is in line with expectations. No new capital was raised, no major production milestones were hit, and no strategic partnerships were announced.
• The focus remains on executing the phased restart and securing the updated permit. The 60-day timeline for permitting documents is a standard next step, not a surprise catalyst.
• From a risk-averse perspective, the renewal is positive for long-term viability but does not materially de-risk the near-term execution or capital needs.

• Canadian Critical Minerals Inc. is a TSX Venture-listed exploration and development company focused on the Bull River Mine project near Cranbrook, British Columbia.
• The project hosts copper, gold, and silver mineralization.
• The mine is currently in care-and-maintenance, maintained in a dewatered condition.
• The company's strategy involves selling stockpiled material to fund operations and permitting, with a planned phased restart beginning with surface stockpiles before transitioning to underground mining.
• The ore sorter was decommissioned in September 2025, and material is now trucked to New Afton for processing.