Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Pricing
Podcast Image

Company Interviews

Canadian Critical Minerals (TSXV:CCMI) - Short-Term Revenue on Development & Copper Production

15 Nov 2023

Description

Interview with Ian M Berzins, President & CEO of Canadian Critical Minerals Inc.Our previous interview: https://www.cruxinvestor.com/posts/braveheart-resources-bht-stepping-stones-to-success-1338Recording date: 13th November 2023Canadian Critical Minerals (TSXV:CCMI) is a Calgary-based mining company focused on copper and battery metals projects in Canada. The company has two main projects - the past-producing Bull River copper mine near Cranbrook, BC, and the Thierry copper project in Ontario. Bull River is Canadian Critical Minerals' flagship project, with existing usable infrastructure of about $100 million. Canadian Critical Minerals has completed dewatering and rehabilitation work to prepare for a restart of mining. The company is awaiting final permits and plans to begin processing material from an on-site 180,000-tonne stockpile in 2024 under an ore purchase agreement with New Gold. This is expected to generate $4-5 million in revenue over 15-18 months to fund ongoing permitting and development. Longer-term plans are to refurbish the underground mine and mill to resume commercial production. The Thierry project is an earlier-stage copper asset with an estimated 1.3 billion pounds of copper. Canadian Critical Minerals recently sold a 61% interest to Orecap Invest Corp. to advance exploration and development, and retains a 39% interest as the company will benefit from milestone payments as resources grow. Canadian Critical Minerals continues to have a tight capital structure and is focused on generating near-term cash flow to fund corporate overhead and advance its projects without further dilution. Upcoming potential catalysts are final permits at Bull River and exploration results from Thierry.View Canadian Critical Minerals company profile here: https://www.cruxinvestor.com/companies/canadian-critical-minerals-incSign up for Crux Investor: https://cruxinvestor.com

Audio
Featured in this Episode

No persons identified in this episode.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes
🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Comments

There are no comments yet.

Please log in to write the first comment.