CCMI Announces Second Tranche Closing of LIFE Offering

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 $0.035 per unit.
• Combined with the first tranche, total units issued amount to 21,475,285 for gross proceeds of $751,635.
• Proceeds are earmarked to complete the Bull River Mine restart application and for general working capital.

Key Details

• Units Issued (2nd Tranche): 4,650,999 units at $0.035 per unit → $162,785 gross proceeds.
• Total Units Issued (Both Tranches): 21,475,285 units → $751,635 gross proceeds.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Warrants exercisable at $0.05 per share for a five‑year period.
• Finder Compensation: Paid $2,305 cash plus 65,870 finder warrants (exercise price $0.05, two‑year term) with a four‑month + one‑day hold period.
• Use of Proceeds: Fund the application to restart the Bull River Mine project near Cranbrook, BC, and provide working capital for ongoing operations.
• Regulatory Status: Offering subject to final TSX Venture Exchange approval; units issued under NI 45-106 exemption and freely tradeable in Canada.

Notable Quotes

• Ian Berzins, President & CEO: “The successful closing of the second tranche provides us with the necessary capital to move forward with the Bull River Mine restart application and supports our continued growth initiatives.”