Cdn Critical closes $162,785 final tranche of financing

Executive Summary

• Canadian Critical Minerals Inc. closed the second and final tranche of its private placement, raising $162,785 from 4,650,999 units at C$0.035 per unit.
• Combined with the first tranche, total gross proceeds amount to $751,635 from the issuance of 21,475,285 units.
• Proceeds are earmarked to complete the Bull River mine restart application and for general working capital.

Key Details

• Units Issued (Second Tranche): 4,650,999 units at C$0.035 per unit = $162,785 gross proceeds.
• Total Units Issued (Both Tranches): 21,475,285 units for total gross proceeds of $751,635.
• Unit Composition: Each unit includes one common share and one common share purchase warrant; each warrant exercisable at C$0.05 per share for five years.
• Finder Compensation: Paid finder fees of $2,305 plus issuance of 65,870 finder warrants (each convertible into one common share at C$0.05, two‑year term). Finder warrants subject to a 4‑month‑plus‑1‑day hold period.
• Regulatory Status: Offering remains subject to final TSX Venture Exchange approval; units issued under NI 45‑106 listed issuer financing exemption to Canadian purchasers and are freely tradable in Canada.
• Use of Proceeds: Funds will be used to complete the application to restart the Bull River mine project (near Cranbrook, B.C.) and for general working capital.

Notable Quotes

(No direct quotes were provided in the release.)