Canadian Critical Minerals Generates USD$167,000 in Revenue from Bull River Mine

The most recent news release from Canadian Critical Minerals Inc. (CCMI) on October 23, 2025, reports that the company generated approximately USD$167,000 in revenue during September 2025 from the sale of 942 dry metric tonnes (dmt) of stockpiled copper, gold, and silver mineralized material from its Bull River Mine (BRM) project. This material was trucked to New Afton and graded 2.02% Cu, 0.71 g/t Au, and 17.2 g/t Ag. The news also states that the ore sorter at BRM has been decommissioned and returned to its owner. The higher-grade material processed by the sorter has been trucked to New Afton, while rejects are being stockpiled for future mill feed at BRM.

This news is a continuation of Canadian Critical Minerals' strategy to monetize its surface stockpiles at the Bull River Mine to fund ongoing care and maintenance and advance the permitting process for a full restart. The revenue of USD$167,000 for September 2025 is a positive, demonstrating consistent cash generation, although it is lower than the record revenues reported in October 2024 (USD$378,000) and May 2025 (USD$358,000). The copper, gold, and silver grades are solid.

The decommissioning and return of the ore sorter is a significant operational update. It signals the completion of the pre-concentration phase using this specific equipment and a clearer focus on the next stage: obtaining permits to restart the BRM mill and underground operations. This transition aligns with the company's stated phased approach for the BRM restart, where they plan to mill coarse rejects and fines on site, followed by resuming underground mining. This indicates progress in their strategic plan.

While the revenue itself is not a "game-changer" due to its modest size relative to the company's overall capital needs and the temporary nature of stockpile sales, it is a routine positive development that confirms ongoing operations and the methodical execution of their project advancement strategy. The continuous revenue stream, even if small, helps mitigate immediate capital needs and shareholder dilution while awaiting full permitting. The decommissioning of the sorter, rather than a negative, signifies a shift in strategy that was previously outlined.

Canadian Critical Minerals Inc. (CCMI), formerly Braveheart Resources Inc., is a Canadian junior mining company focused on the acquisition, exploration, and development of mineral properties. Its flagship project is the Bull River Mine (BRM), located near Cranbrook, British Columbia.

The BRM is a past-producing copper-gold-silver mine with existing infrastructure, including a 700-tonne-per-day conventional mill, adjoining crushing facilities, offices, and mine maintenance facilities. It benefits from grid power and all-weather road access. The underground workings, extending over 22,000 meters across 7 levels to a depth of 350 meters, are fully developed and maintained in a dewatered condition.

The company's primary focus has been to restart operations at BRM. Initially, this involved a phased approach: processing a 180,000-tonne surface stockpile of mineralized material through the existing mill (Phase 1), followed by restarting underground mining (Phase 2). Recent strategy, as of May 2025, involves modifying the permit application to combine these phases into one, allowing for simultaneous underground mining and milling operations.

In the interim, to offset care and maintenance costs and fund the permitting process, CCMI has been generating revenue by crushing, screening, and, until recently, ore sorting stockpiled copper, gold, and silver mineralized material, and then selling the higher-grade concentrate (and sometimes unsorted fines) to New Afton. The ore sorter has now been decommissioned, and remaining sorted high-grade material has been shipped, with rejects stockpiled for future processing at the BRM mill. The company has an updated Mineral Resource Estimate (effective December 31, 2024), reporting Indicated Resources of 2.9Mt at 1.58% Cu, 0.389 g/t Au, and 13.3 g/t Ag, and Inferred Resources of 1.6Mt at 1.43% Cu, 0.388 g/t Au, and 12.1 g/t Ag, including a surface stockpile.

The BRM project is subject to a 3% net smelter royalty (NSR), capped at $6,750,000, with semi-annual advance payments of $150,000 deducted against the NSR.