CCMI Announces First Tranche Closing of LIFE Offering

Executive Summary

• Canadian Critical Minerals Corp. closed the first tranche of its private placement, raising $588,850 from the issuance of 16,824,286 units at $0.035 per unit.
• Each unit includes one common share and one warrant exercisable at $0.05 for five years; finder fees and warrants were also issued.
• Proceeds are earmarked to fund the application to restart the Bull River Mine project and for general working capital.

Key Details

• Gross proceeds: $588,850.
• Units sold: 16,824,286 units at $0.035 per unit.
• Unit composition: 1 common share + 1 common share purchase warrant (exercisable at $0.05 for five years).
• Finder compensation: $2,401 cash plus 68,600 finder warrants (each purchasable at $0.05 for two years), subject to a four‑month + one‑day hold period.
• Second tranche: Expected to close next week, pending TSX Venture Exchange approval.
• Use of proceeds: Complete application to restart the Bull River Mine project near Cranbrook, BC, and provide working capital.
• Regulatory compliance: Units issued under NI 45-106 listed issuer financing exemption; Canadian‑resident securities freely tradeable.

Notable Quotes

(No direct quotes were provided in the release.)