Vancouver, BC – October 23, 2025 – Canadian Critical Minerals Inc. (TSXV: CCMI) today announced a significant financial milestone, generating USD$167,000 in revenue from the sale of stockpiled copper, gold, and silver mineralized material from its Bull River Mine project. This influx of capital is a crucial development for the junior mining company, providing essential funds to offset ongoing care and maintenance costs and advance critical engineering studies required for the mine's restart permit application.

The revenue not only underscores the inherent value of the Bull River asset but also represents a strategic move to finance development without resorting to immediate shareholder dilution. For a company in the development stage, securing non-dilutive funding is paramount, and these sales demonstrate a proactive approach to managing financial resources while progressing towards full operational capability. The announcement signals positive momentum for CCMI as it navigates the complex path from exploration and care-and-maintenance to renewed production.

Detailed Operational and Financial Insights

The USD$167,000 revenue stems from the provisional payment received for 942 dry metric tonnes (dmt) of sorted mineralized material transported to New Gold Inc.'s (NYSE: NGD) New Afton operation during September 2025. This material exhibited robust grades, averaging 2.02% copper (Cu), 0.71 g/t gold (Au), and 17.2 g/t silver (Ag), highlighting the rich mineral endowment of the Bull River project. This transaction is part of an ongoing Ore Purchase Agreement (OPA) with New Afton, which has been a consistent source of revenue for CCMI since April 2024.

A key operational shift leading to this recent sale involved the decommissioning of the ore sorter in August 2025, with its return to the owner in Idaho by September 10, 2025. Following this, all higher-grade material previously processed by the sorter was efficiently trucked to New Afton. The remaining rejects from the sorting process and finer mineralized material, which were unsuitable for the sorter, are now being strategically stockpiled at the Bull River Mine. These stockpiles are intended to serve as the initial feed for the mill once the company secures permission to restart full mining and milling operations, showcasing a forward-thinking approach to resource management.

The Bull River Mine, situated near Cranbrook, British Columbia, is currently in a state of care and maintenance, with its underground workings diligently dewatered. Canadian Critical Minerals Inc. is actively engaged in securing the necessary permits to restart both the mine and the mill. The company has streamlined its permit application by combining project phases, aiming for a simultaneous restart of underground mining and milling. The final permit application is targeted for submission in Q1 2026. Supporting these efforts, Moose Mountain Technical Services is developing a detailed underground mine plan, and ALS Metallurgical Services is conducting crucial humidity cell testing on planned tailings, all critical steps in the permitting process.

This latest revenue figure is not an isolated event but rather part of a series of provisional payments, reinforcing CCMI's consistent ability to monetize its stockpiled assets. Previous payments include USD$135,000 in August 2025, a record USD$358,000 in May 2025, USD$140,000 in May 2025, USD$79,000 in April 2025, and USD$246,000 in June 2024. These ongoing sales provide a stable, albeit provisional, revenue stream that significantly de-risks the development phase of the Bull River Mine.

Market Implications and Company Dynamics

For Canadian Critical Minerals Inc. (TSXV: CCMI), this revenue stream is a significant win. It directly contributes to the company's financial stability by covering operational costs and funding essential studies, thereby reducing reliance on equity financing during a critical development phase. This prudent financial management can enhance investor confidence, demonstrating the company's ability to generate value even before full-scale production. The successful monetization of stockpiles also highlights the quality of the Bull River mineral resource, which contains valuable copper, gold, and silver.

New Gold Inc. (NYSE: NGD), through its New Afton operation, also benefits from this arrangement. The Ore Purchase Agreement provides New Afton with a consistent supply of mineralized material, potentially supplementing their own feed and optimizing their processing facilities. This symbiotic relationship creates a mutually beneficial scenario, allowing New Gold to leverage external resources while supporting a junior miner's path to production.

The success of CCMI in generating revenue from stockpiled material could also have positive ripple effects across the junior mining sector, particularly for companies with similar development-stage assets. It showcases a viable strategy for generating cash flow and mitigating financial pressures during the lengthy and capital-intensive permitting and construction phases. This approach could encourage other junior miners to explore similar non-dilutive financing mechanisms, potentially fostering a more resilient and innovative development landscape within the industry.

Wider Industry Significance

This development at the Bull River Mine fits into broader industry trends emphasizing the strategic importance of critical minerals and the challenges faced by junior mining companies in bringing projects to fruition. Copper, gold, and silver are essential commodities, with copper being vital for the global energy transition, gold as a traditional safe-haven asset, and silver having significant industrial demand. CCMI's progress, even in a development stage, contributes to the future supply chain of these crucial metals.

The ongoing revenue generation from stockpiles by CCMI also highlights the increasing ingenuity required in the mining sector to manage project timelines and funding. With permitting processes becoming more rigorous and protracted, the ability to create value from existing assets, even if not yet fully operational, becomes a significant competitive advantage. This could inspire other companies to re-evaluate their dormant or stockpiled resources for potential monetization strategies.

Historically, such interim revenue generation can be a strong indicator of a project's underlying economic viability and management's operational acumen. It provides a tangible demonstration of value to potential investors and stakeholders, distinguishing CCMI from other development-stage companies that may be solely reliant on capital raises. The regulatory environment in British Columbia, while stringent, also provides a clear framework for development, and CCMI's diligent pursuit of permits aligns with best practices for responsible resource development.

What Comes Next

In the short term, Canadian Critical Minerals Inc. is expected to continue monetizing its stockpiled fine mineralized material, provided metal prices remain favorable and New Gold Inc. (NYSE: NGD) maintains its interest. This will sustain the crucial revenue stream that supports ongoing operations and the permitting process. The immediate focus will be on the successful submission of the combined permit application in Q1 2026, a pivotal step towards restarting full mining and milling operations.

Looking further ahead, the long-term possibilities for CCMI are centered on the successful restart of the Bull River Mine. A fully operational mine would transition the company from a development-stage entity to a producer, significantly increasing its revenue potential and market capitalization. This would open up opportunities for increased production, potential resource expansion, and enhanced profitability from copper, gold, and silver sales into global markets.

Potential strategic pivots might involve optimizing the processing of the remaining stockpiles once the mill is operational, or exploring further off-take agreements. Market opportunities could emerge from the continued strong demand for critical minerals, particularly copper, driven by electrification trends. Challenges will undoubtedly include managing commodity price volatility, operational ramp-up complexities, and maintaining strong community and environmental relations. Successful navigation of these factors will dictate the ultimate success and scale of the Bull River Mine's resurgence.

Comprehensive Wrap-up

The announcement of USD$167,000 in revenue from the Bull River Mine marks a significant positive inflection point for Canadian Critical Minerals Inc. (TSXV: CCMI). It underscores the company's strategic financial management and the inherent value of its mineral assets, providing a vital bridge to full operational restart. This revenue stream not only covers essential costs but also de-risks the project by minimizing the need for immediate shareholder dilution.

Moving forward, the market will closely watch CCMI's progress on its permit application and the eventual restart of mining and milling operations. The ability to generate consistent revenue during the development phase positions CCMI favorably within the junior mining landscape, demonstrating a tangible path to production and profitability. The Bull River Mine, with its rich endowment of copper, gold, and silver, stands poised to become a significant contributor to the critical minerals supply chain once fully operational.

Investors should monitor several key indicators in the coming months: further announcements regarding stockpile sales, updates on the permit application timeline, and any progress on the detailed underground mine plan and metallurgical testing. The success of these milestones will be crucial in assessing the company's trajectory and its potential to unlock substantial value from the Bull River project.

This content is intended for informational purposes only and is not financial advice