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Canadian Critical Minerals Closes Financing

newsfile ·  May 16 06:24

Calgary, Alberta--(Newsfile Corp. - May 15, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has closed a financing, consisting of 2,008,648 units ("Units") priced at $0.05 per Unit for proceeds of $100,432 (the "Offering").  Each Unit consists of one common share and one common share purchase warrant.  Each warrant is exercisable into a common share at a price of $0.08 per share for a period of 24 months from the Offering.

All securities issued are subject to a statutory hold period that expires four months and one day from issuance.

Proceeds from the financing will be used for exploration and development activities at the Bull River Mine project near Cranbrook, B.C.

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