Announcement • Apr 07
Canadian Critical Minerals Inc., Annual General Meeting, Jun 15, 2026 Canadian Critical Minerals Inc., Annual General Meeting, Jun 15, 2026. Location: alberta, calgary Canada Reported Earnings • Jan 25
Second quarter 2026 earnings released: CA$0.002 loss per share (vs CA$0.002 loss in 2Q 2025) Second quarter 2026 results: CA$0.002 loss per share (in line with 2Q 2025). Revenue: CA$521.4k (down 61% from 2Q 2025). Net loss: CA$558.3k (loss narrowed 12% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Dec 31
Canadian Critical Minerals Inc. announced that it has received CAD 0.751635 million in funding On December 30, 2025. Canadian Critical Minerals Inc. announces that it has closed the transaction. It has issued 4,650,999 units at a price of CAD 0.035 per unit for proceeds of CAD 162,784.965 under its second and final tranche. In connection with the second-tranche closing of the offering, the company paid finders' fees of CAD 2,305 and 65,870 finder warrants with each finder warrant entitling the holder thereof to purchase one common share at a price of five cents for a period of two years. It has issued total of 21,475,285 units at a price of CAD 0.035 for gross proceeds of CAD 751,635. Announcement • Nov 19
Canadian Critical Minerals Inc. announced that it expects to receive CAD 1 million in funding Canadian Critical Minerals Inc. announce a private placement of a minimum of 10,000,000 units of the Company and a maximum of 28,571,428 Units at a price of Cad 0.035 per Unit for aggregate gross proceeds of a minimum of CAD 350,000 and a maximum of CAD 1,000,000 on November 18, 2025. Each Unit is comprised of one common share of the Company and one common share purchase warrant of the Company, with each Warrant exercisable into one Common Share at a price of CAD 0.05 for a period of 5 years. The Offering is expected to close on or about December 8, 2025. The Company may pay finder's fees in connection with the Offering comprised of cash equal to 7% of the gross proceeds of the Offering and finder warrants equal to 7% of the number of Units issued under the Offering. Reported Earnings • Oct 31
First quarter 2026 earnings released: CA$0.004 loss per share (vs CA$0.002 loss in 1Q 2025) First quarter 2026 results: CA$0.004 loss per share (further deteriorated from CA$0.002 loss in 1Q 2025). Revenue: CA$984.7k (up 21% from 1Q 2025). Net loss: CA$1.26m (loss widened 171% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. New Risk • Oct 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Market cap is less than US$10m (CA$9.49m market cap, or US$6.80m). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (CA$4.0m revenue, or US$2.9m). Reported Earnings • Sep 30
Full year 2025 earnings released: CA$0.002 loss per share (vs CA$0.001 profit in FY 2024) Full year 2025 results: CA$0.002 loss per share (down from CA$0.001 profit in FY 2024). Revenue: CA$4.00m (up CA$3.52m from FY 2024). Net loss: CA$493.7k (down 477% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Sep 18
Canadian Critical Minerals Inc. announced that it expects to receive CAD 0.6 million in funding Canadian Critical Minerals Inc. announced a private placement to issue 17,142,858 flow-through units with an issue price of CAD 0.035 per unit for gross proceeds of CAD 600,000.03 on September 17, 2025. Each unit will consist of one flow-through share and one-half of one common share purchase warrant that is exercisable into a common share at an exercise price of CAD 0.05 cents per share for a period of three years. Closing is expected to occur on September 19, 2025. All securities issued will be subject to a statutory hold period that expires four months and one day from issuance. Board Change • Jun 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Heather Kennedy was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jun 20
Chris Stewart Resigns as Director of Canadian Critical Minerals Inc., Effective June 16, 2025 Canadian Critical Minerals Inc. announced that Chris Stewart has resigned as a director of the Company for personal reasons effective June 16, 2025. New Risk • May 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (CA$7.33m market cap, or US$5.30m). Minor Risk Revenue is less than US$5m (CA$3.4m revenue, or US$2.4m). New Risk • Apr 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (CA$8.79m market cap, or US$6.35m). Minor Risk Revenue is less than US$5m (CA$2.6m revenue, or US$1.9m). Announcement • Feb 24
Canadian Critical Minerals Inc., Annual General Meeting, Apr 29, 2025 Canadian Critical Minerals Inc., Annual General Meeting, Apr 29, 2025. Location: calgary Canada Announcement • Dec 31
Canadian Critical Minerals Inc. announced that it has received CAD 0.1 million in funding Canadian Critical Minerals Inc. announced that it has completed issue of 1,666,667 flow-through units with an issue price of CAD 0.06 per unit for gross proceeds of CAD 100,000 on December 30, 2024. Each flow-through unit consists of one common share and one-half of one common share purchase warrant that is exercisable into a common share at an exercise price of CAD 0.09 per share for a period of two years. All securities issued are subject to a statutory hold period that expires four months and one day from issuance. The Company did not pay any commissions in connection with the financing. Announcement • Dec 10
Canadian Critical Minerals Inc. announced that it has received CAD 0.3 million in funding Canadian Critical Minerals Inc announced a private placement to issue 6,000,000 flow-through financing at an issue price of CAD 0.05 per share for the gross proceeds of CAD 300,000 on December 9, 2024. In connection with the financing, the Company paid finders cash commissions totalling CAD 21,000 and issued 420,000 non-transferrable broker warrants. Each broker warrant entitles its holder to acquire one common share of the Company at a price of CAD 0.05 per share for a 24-month period. All securities issued are subject to a statutory hold period that expires four months and one day from issuance. Announcement • Nov 14
Canadian Critical Minerals Inc. announced that it has received CAD 0.95 million in funding Canadian Critical Minerals Inc announced a private placement to issue 19,000,000 flow-through shares with an issue price of CAD 0.05 per share for the gross proceeds of CAD 950,000 on November 13, 2024. In connection with the financing, the Company paid finders cash commissions totaling CAD 66,500 and issued 1,330,000 non-transferrable broker warrants. Each broker warrant entitles its holder to acquire one common share of the Company at a price of CAD 0.05 per share for a 24-month period. All securities issued are subject to a statutory hold period that expires four months and one day from issuance. Announcement • Oct 02
QC Copper and Gold Inc. (TSXV:QCCU) proposed to acquire a 90% stake in Cuprum Corp. from Orecap Invest Corp. (TSXV:OCI) and others for CAD 10.76 million. QC Copper and Gold Inc. (TSXV:QCCU) proposed to acquire a 90% stake in Cuprum Corp. from Orecap Invest Corp. (TSXV:OCI) and others for CAD 10.76 million on October 1, 2024. The consideration consists of 82.76 million common equity of QC Copper and Gold Inc. at a ratio of 1.1538 per common equity of Cuprum Corp. This Transaction is subject to approval from the TSXV and QC Copper's disinterested shareholders. Cuprum's Board of Directors formed a Special Committee to evaluate the Transaction, ensuring the transaction serves the best interests of all shareholders, including Orecap. Subject to these approvals, closing is expected by the end of December, 2024. Working Capital Corporation acted as fairness opinion provider to Cuprum. Announcement • Jul 26
Canadian Critical Minerals Inc. announced that it has received CAD 0.222 million in funding Canadian Critical Minerals Inc. announced a private placement to issue 3,700,000 Flow-Through Units with an issue price of CAD 0.06 per unit for the gross proceeds of CAD 222,000 on July 25, 2024. Each Flow-Through Unit consists of one common share and one half of one common share purchase warrant that is exercisable into a common share at an exercise price of CAD 0.09 per share for a period of two years. All securities issued are subject to a statutory hold period that expires four months and one day from issuance. n connection with the financing, the Company paid finders cash commissions totaling CAD 10,500 and issued 175,000 non-transferrable broker warrants equal to 7% of the Flow-Through Units sold. Each broker warrant entitles its holder to acquire one common share of the Company at a price of CAD 0.06 for a 24-month period. New Risk • Jul 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (CA$102k revenue, or US$74k). Minor Risks Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (CA$14.5m market cap, or US$10.5m). New Risk • May 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.67m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (CA$102k revenue, or US$75k). Market cap is less than US$10m (CA$13.2m market cap, or US$9.67m). Minor Risk Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Announcement • May 16
Canadian Critical Minerals Inc. announced that it has received CAD 0.100432 million in funding Canadian Critical Minerals Inc. announced a private placement of 2,008,648 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 100,432 on May 15, 2024. 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 CAD 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. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Chris Stewart was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 25
Third quarter 2024 earnings released: CA$0.003 loss per share (vs CA$0.002 loss in 3Q 2023) Third quarter 2024 results: CA$0.003 loss per share (further deteriorated from CA$0.002 loss in 3Q 2023). Net loss: CA$657.5k (loss widened 20% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Apr 25
Canadian Critical Minerals Inc. announced that it has received CAD 0.2475 million in funding Canadian Critical Minerals Inc. announced that it has issued 4,500,002 Flow-Through Shares at an issue price of CAD 0.055 per share for the gross proceeds of CAD 247,500.11 on April 24, 2024. All securities issued are subject to a statutory hold period that expires four months and one day from issuance. n connection with the financing, the Company paid finder cash commissions totaling CAD 15,925 and issued 289,545 finder warrants. Each finder warrant entitles its holder to acquire one common share of the Company at a price of CAD 0.055 for a 36-month period. Announcement • Jan 19
Canadian Critical Minerals Inc. Appoints Chris Stewart as Director Canadian Critical Minerals Inc. announced the appointment of Chris Stewart as an independent Director of the Company. Mr. Stewart holds a B.Sc. in Mining Engineering from Queen's University in Kingston, Ontario. He has over 30 years of experience in the mining industry in engineering, operations, permitting, performance improvement, safety and ESG stewardship. Mr. Stewart has held various senior management roles as President, CEO, COO and Vice President Operations at Canadian mining companies including Lakeshore Gold, Kirkland Lake Gold, McEwen Mining, Treasury Metals and Minto Metals. He has significant underground mining experience with gold and copper and has raised monies in the capital markets. He has successfully implemented turnaround strategies at several Canadian mines. Mr. Stewart is registered as a professional engineer with the Association of Professional Engineers of Ontario ("PEO"). Announcement • Jan 12
Canadian Critical Minerals Inc., Annual General Meeting, Mar 20, 2024 Canadian Critical Minerals Inc., Annual General Meeting, Mar 20, 2024. Announcement • Dec 14
Canadian Critical Minerals Inc. Assays Stockpile Material at the Bull River Mine Project Canadian Critical Minerals Inc. has received initial assays on mineralized material from the surface stockpile at its Bull River Mine (BRM) project near Cranbrook, BC. The company began screening and crushing of stockpiled material in November 2023. To-date approximately 40,000 tonnes of mineralized material on surface has been screened and crushed. All this material has been reduced to minus 3 inches in size and material that is minus 5/8 inches in size ("Fines") has been placed in a separate pile. Approximately 30% of the material that has been screened and crushed has reported to the Files stockpile. The Fines have been sampled over a period of 17 days by mine personnel under the supervision of Gary Low P.Geo. Samples were sent to ALS Laboratories in North Vancouver, British Columbia for independent assay analysis. A summary of all assay results is presented below. On average, the Fines graded 2.51% copper, 0.32 g/t gold and 18.45 g/t silver for a copper equivalent ("CuEq") grade of 2.93%. Previously, the Company announced that it had entered into an Ore Purchase Agreement (OPA) with New Afton. Under the terms of the OPA, CCMI will deliver up to 90,000 tonnes of mineralized material from the Bull River Mine to the New Afton Mine near Kamloops, British Columbia over a period of two years. The Company currently has a large stockpile of approximately 180,000 tonnes of mineralized copper, gold and silver material on surface at BRM. Under the OPA, stockpiled material will be screened and crushed and then sorted through an X-ray transmissive ore sorter prior to transporting to the New Afton mill facility. Ore sorting will separate low grade and waste from higher grade material so that only higher-grade material will be transported. In April 2021, the Company completed an ore sorting study on stockpiled material from the BRM using similar X-Ray transmissive technology (XRT). In that study, 61% of the material reporting to the sorter was accepted as mineralized and 39% was rejected as non-economic low-grade or waste, with the average grade of rejected material at 0.17% CuEq which is below the cut off grade ("COG") for the mill. Only coarse material that was greater than 5/8 inch in size was used in the study. The Company estimates that approximately 25% of the entire stockpile will be Fines which, at minus 5/8 inch in size, are too fine to be effectively separated by the ore sorter. The OPA does not currently contemplate sending Fines to New Afton, but given the grade of Fines to-date, the Company may elect to send some of this material to New Afton in addition to the higher-grade material separated by the ore sorter. The Company cautions readers that these initial assay results for the Fines may be higher than what will be achieved by screening and crushing the entire stockpile. The Company is currently reassembling the ore sorter in its in-door 5,000 square foot maintenance facility. Pending arrival of transfer conveyors, the Company plans to complete recommissioning of the ore sorter in early to mid-January 2024. The Company is reviewing options for transportation of mineralized material to New Afton by truck and/or rail. Once a transportation option is selected, the Company could send initial shipments to New Afton from the Fines stockpile. New Risk • Nov 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Share price has been highly volatile over the past 3 months (33% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.43m market cap, or US$4.64m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Announcement • Oct 06
QC Copper and Gold Inc. (TSXV:QCCU) entered into an agreement to acquire 10% stake in Thierry Copper Mine located in Pickle Lake, Ontario from Canadian Critical Minerals Inc. (TSXV:CCMI) for CAD 0.3 million. QC Copper and Gold Inc. (TSXV:QCCU) entered into an agreement to acquire 10% stake in Thierry Copper Mine located in Pickle Lake, Ontario from Canadian Critical Minerals Inc. (TSXV:CCMI) for CAD 0.3 million on October 4, 2023. As reported, QC Copper and Gold will pay CAD 300,000 in an upfront, all-cash deal. In related transactions, Orecap Invest Corp. entered into an agreement to acquire 45% stake in Thierry Copper Mine located in Pickle Lake, Ontario from Canadian Critical Minerals Inc. for CAD 1.35 million on October 4, 2023 in an upfront all-cash deal and Ocean Partners will acquire 6% stake in Thierry Copper Mine. Following the sale, CCMIwill retain a 39% interest in the property. Following closing, Pickle Lake Minerals Inc. which holds a 100% interest in the Thierry Copper Mine will be renamed to Cuprum Corp. Closing of the acquisition remains subject to final approval of the TSX Venture Exchange, as well as certain other conditions as are customary in transactions of this nature. Proceeds from the sale of a 61% interest in Thierry Copper Mine will provide CCMI with sufficient cash to discharge the secured loan at Bull River and eliminate future interest payments to Ocean Partners UK. The sale is non-dilutive to CCMI shareholders. New Risk • Sep 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). High level of non-cash earnings (23% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.14m market cap, or US$3.81m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Announcement • Sep 21
Canadian Critical Minerals Inc. Announces Assay Results from the First Two Drill Holes of Seven Hole 2,600 Metre Exploration Program Canadian Critical Minerals Inc. announced assay results from the first two drill holes of a seven hole 2,600 metre exploration program that was completed at the Thierry Mine Project near Pickle Lake, Ontario in July 2023. Assay results for the remaining five holes are pending. Early Highlights of the July 2023 Program are as follows: CCM-23-51 intersected 106 metres of 0.539% Copper Equivalent ("CuEq") mineralization (including 23.2 metres of 0.875 % CuEq mineralization) within continuous sulphide mineralization which started at surface and extended 248 metres down the hole, grading 0.438% CuEq. CCM-23-52 intersected 31.2 metres of 0.677% CuEq mineralization and 22.8 metres of 0.670% CuEq mineralization within continuous sulphide mineralization that started at surface and continued for 243.9 metres down the hole, grading at 0.382% CuEq. Each hole intersected continuous zones of sulphide mineralization from surface and continued for more than 240m down the hole. The holes were drilled at 45 degrees dip to intersect mineralized lenses dipping at 50 degrees to the north, thereby representing intercepts of approximate true width. Assay highlights appear below. The 2023 summer program was designed to focus on expanding upon the K1-1 deposit, which is a large tonnage, near surface deposit located approximately 3 km east of the past producing Thierry Mine. The K1-1 deposit has a current Inferred Mineral Resource within an optimized Whittle pit shell consisting of the following: 53,614,000 tonnes grading 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt and 0.14 g/t Pd at a NSR of CAD 12/tonne. Announcement • Jul 27
Canadian Critical Minerals Inc Provides Further Update on the Exploration Drilling Program Which Began At the Thierry Mine Project Near Pickle Lake, Ontario Canadian Critical Minerals Inc. provided a further update on the exploration drilling program which began at the Thierry Mine Project near Pickle Lake, Ontario on July 6, 2023. To-date the Company has completed five NQ diamond drill holes and 1,752 metres of drilling with all holes encountering visual mineralization including copper, nickel and zinc. The Company recently completed CCM-23-55 which is the fifth hole in the 2023 drill program and the deepest hole drilled to-date. The Company cautions readers that visual identification of mineralization does not guarantee, or replace, assay results. Assay results may not meet or exceed results from earlier drill programs. Drill core samples have been selected for assay and the results will be reported once available. The 2023 summer program is designed for approximately 2,500 metres of diamond drilling and will focus on expanding upon the K1-1 deposit which is a large tonnage, near surface deposit located approximately 3 km east of the past producing Thierry Mine. The K1-1 deposit has a current Inferred Mineral Resource within an optimized Whittle pit shell consisting of the following: 53,614,000 tonnes grading 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt and 0.14 g/t Pd at a NSR of C$12/tonne. The K1-1 deposit consists of approximately seven en echelon stacked lenses dipping at approximately 55 degrees to the north. The Company has outlined 40 drill targets intended to improve information on strike and down dip mineralized lens extensions relative to the pit shell. The 2023 program with focus initially on seven to eight priority targets. Based on planned drill angles the majority of drill holes should intersect structures at approximate true width. CCM-23-55 was collared approximately 60 metres north of K-12-48 which was previously drilled by Cadillac Ventures in 2012. K-12-48 intersected multiple stacked lenses beginning 200 metres from surface and terminating 409 metres from surface while still in mineralized material. One lense in K-12-48 yielded 68 metres at 0.48% Cu and 0.11% Ni beginning 231 metres from surface. CCM-23-55 was drilled parallel to K-12-48 and the hole was stopped after 479 metres while still in mineralized material. The hole was stopped to conserve financial resources so two additional holes can be completed in the 2023 summer program. Mineralization is consistently present throughout the entire hole. Chalcopyrite (Cu) and pyrrhotite are the primary sulphides with traces of pentlandite (Ni) and sphalerite (Zn). Both CCM-23-55 and K-12-48 have intersected mineralized structures outside of and below the current Whittle pit shell. Announcement • Jul 06
Canadian Critical Minerals Inc. Begins Drilling At Thierry Mine Project Canadian Critical Minerals Inc. announced that exploration drilling has begun at the Thierry Mine Project near Pickle Lake, Ontario effective July 6, 2023. The 2023 summer program is designed for approximately 2,500 metres of diamond drilling and will focus on expanding upon the K1-1 deposit which is a large tonnage, near surface deposit located approximately 3 km from the past producing Thierry Mine. The K1-1 deposit has a current Inferred Mineral Resource within an optimized Whittle pit shell consisting of the following: 53,614,000 tonnes grading 0.38% Cu, 0.10% Ni, 1.8 g/t Ag, 0.03 g/t Au, 0.05 g/t Pt and 0.14 g/t Pd at a NSR of CAD 12/tonne. The current Inferred Resource at K1-1 does not include results from a 7,218-foot drilling program completed by Cadillac Ventures Inc. in the summer of 2012. Eight diamond drill holes were completed outside of the optimized Whittle shell and each hole intersected mineralization with assayed grades comparable to, or better than, those in the current Inferred Resource. Results of this program are included below and can be viewed on SEDAR. Announcement • Jun 20
Canadian Critical Minerals Inc. announced that it has received CAD 0.35 million in funding from Glenpani Group Limited and other investors Canadian Critical Minerals Inc. announced that it has 7,000,000 units with an issue price of CAD 0.050 per unit for the gross proceeds of CAD 350,000 on June 19, 2023. The transaction included participation from returning investor Glenpani Group Limited and and its associated investment companies. Each Unit is comprised of one common share and one common share purchase warrant, which warrant shall be comprised of one half of one warrant with a full warrant exercisable into one common share at an exercise price of CAD 0.075 for a period of two years, and one-half of one warrant, with a full warrant exercisable into one Warrant Share at an exercise price of CAD 0.10 for a period of two years. All securities issued under the offering are subject to a statutory hold period that expires four months and one day from issuance. Announcement • May 09
Canadian Critical Minerals Inc. announced that it expects to receive CAD 0.25 million in funding from Glenpani Group Limited Canadian Critical Minerals Inc. announced a private placement of 5,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 250,000 on May 8, 2023. Each unit consists of one common share and one common share purchase warrant. which warrant shall be comprised of one-half of one warrant (1/2), with a full warrant exercisable into one common share at an exercise price of CAD 0.075 for a period of two years, and one-half of one warrant, with a full warrant exercisable into one warrant share at an exercise price of CAD 0.10 for a period of two years. The company may issue additional units for total gross proceeds of up to CAD 500,000. The transaction will include participation from new investor, Glenpani Group Limited. The closing of the private placement is expected to occur in the next week. Closing of the private placement is subject to the approval of the TSX Venture Exchange. All securities issued under the private placement are subject to a statutory hold period that expires four months and one day from the closing of the private placement. Reported Earnings • Apr 29
Third quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.006 loss in 3Q 2022) Third quarter 2023 results: CA$0.002 loss per share (improved from CA$0.006 loss in 3Q 2022). Net loss: CA$549.3k (loss narrowed 58% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 29
Second quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in 2Q 2022) Second quarter 2023 results: CA$0.003 loss per share (in line with 2Q 2022). Net loss: CA$622.4k (loss narrowed 4.0% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Dec 29
Braveheart Resources Inc. announced that it has received CAD 0.76 million in funding Braveheart Resources Inc. announced a private placement of 9,500,000 flow-through units with an issue price of CAD 0.08 per unit for proceeds of CAD 760,000 on December 28, 2022. Each flow through unit consists of one common share and one common share purchase warrant that is exercisable into a common share at an exercise price of CAD 0.12 per share for a period of three years. All securities issued under the offering are subject to a statutory hold period that expires four months and one day from issuance. On the flow through portion of the financing, the company paid a cash commission of CAD 53,200 and issued 665,000 broker warrants. Each broker warrant entitles its holder to acquire one common share of the company at a price of CAD 0.08 for a 36-month period. Announcement • Nov 19
Braveheart Resources Inc. announced that it has received CAD 0.62 million in funding Braveheart Resources Inc. announced a private placement of 1,600,000 units with an issue price of CAD 0.075 per unit for proceeds of CAD 120,000 and and 6,250,000 flow-through units with an issue price of CAD 0.08 per unit for proceeds of CAD 500,000, for an aggregate gross proceeds of CAD 620,000 on November 18, 2022. Each unit consists of one common share and one common share purchase warrant that is exercisable into a common share at an exercise price of CAD 0.1125 per share for a period of three years. Each flow-through unit consists of one common share and one common share purchase warrant that is exercisable into a common share at an exercise price of CAD 0.12 per share for a period of three years. All securities issued under the offering are subject to a statutory hold period that expires four months and one day from issuance. On the flow through portion of the financing, the company paid a cash commission of CAD 35,000 and issued 437,500 broker warrants. Each broker warrant entitles its holder to acquire one common share of the company at a price of CAD 0.08 for a 36-month period. Announcement • Oct 30
Braveheart Resources Inc., Annual General Meeting, Jan 09, 2023 Braveheart Resources Inc., Annual General Meeting, Jan 09, 2023. Announcement • Oct 07
Braveheart Resources Inc. Receives Decision from BC Environmental Assessment Office Regarding Bull River Mine Project Braveheart Resources Inc. announced that the Company has been notified by the British Columbia Environmental Assessment Office (EAO) that the Bull River Mine Project (the Project) near Cranbrook, BC has been designated as non-reviewable under the Environmental Assessment Act (2018). On March 21, 2022, the EAO received written notification from the Ktunaxa Nation Council (KNC) requesting that Braveheart's proposed amendments to its Mines Act permit M-33 and its Environmental Management Act permit PE-16034, to facilitate a restart of the Project, be designated as reviewable under Section 11 of the Environmental Assessment Act (2018). Further to a thorough and extensive review, the Chief Executive Assessment Officer of the EAO determined that the Project has substantially started and that it is not an eligible project as outlined in Section 11(1) of the Act. The evaluation of the request and the reasons for the decision by the Chief Executive Assessment Officer is posted publicly and can be viewed at EAO Project Information Centre. The Chief Executive Assessment Officer further determined that the potential effects of the Project can be appropriately managed through the permit amendment process under the Mines Act and Environmental Act which will include consultation with KNC and the Shuswap Indian Band, and that it would not be in the public interest to designate the Project as reviewable. Announcement • Sep 15
Braveheart Resources Inc. Completes Ground Control Management Plan for Bull River Mine Braveheart Resources Inc. announced that an up-dated Ground Control Management Plan ("GCMP") for its Bull River Mine ("BRM") project has beencompleted. The GCMP was prepared by North Rock Mining Solutions Inc., reviewed and certified by J. Roland Tosney, P.Eng. This is an important milestone for the Company as the GCMP underpins the overall mine design. Underground mining activities at the BRM are regulated through the BC Mines Act and the related 2021 Health Safety and Reclamation Code for Mines in BC ("HSRC"). This requires specific geotechnical controls to be maintained to achieve compliance and ensure a safe working environment. The GCMP is an essential component of the Joint Application Information Requirements for the Mines Act and Environmental Management Act Permit application, currently under review by the Ministry of Energy, Mines and Low Carbon Innovation ("EMLI") and the Ministry of Environment and Climate Change Strategy ("ENV"). The BRM is fully developed and dewatered to a vertical depth of 350 metres with 21,000 metres of underground developments in terms of ramps, raises and sill drifting. Underground workings weredeveloped between 1996 and 2010. In Phase One of the restart of the BRM, the Company plans to process a 180,000-tonne stockpile of mineralized material, already on surface, consisting of copper, gold and silver. In Phase Two of the restart, the Company plans to resume development and miningactivities in the underground at a rate of 700 tonnes per day. Approximately 75% of the current underground Resource is accessible from current workings with seven lateral or sill drifts already established in the mineralized structures. A restart of the underground operations will requirerehabilitation of some of the existing developments as well as submission of a detailed mine design and method of underground development. The Company currently plans to use a combination of over-hand cut and fill and longhole stoping as the primary extraction methods. Underground voids will be backfilled with a combination of unconsolidated waste rock and paste and/or cemented backfill. The GCMP will provide guidance to mine engineers and geologists in the design of underground workings and provide management and supervision with a plan for monitoring quality control of ground support. Announcement • Aug 13
Braveheart Resources Inc. announced that it has received CAD 0.06565 million in funding Braveheart Resources Inc. announced a private placement of 937,857 units with an issue price of CAD 0.070 per unit for gross proceeds of CAD 65,650 on August 11, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at an exercise price of $0.105 per share for a period of two years. All securities issued under the offering are subject to a statutory hold period that expires four months and one day from issuance. Announcement • Jul 28
Braveheart Resources Inc. announced that it has received CAD 0.396 million in funding Braveheart Resources Inc. announced a private placement of 4,400,000 flow-through units at a price of CAD 0.09 per flow-through unit for gross proceeds of CAD 396,000 on July 27, 2022. Each flow-through unit consists of one common share and one half of common share purchase warrant. Each warrant can be exercised to acquire one common share at a price of CAD 0.135 per share for a period of two years from the date of closing. The securities are subject to four months and one day hold period. Announcement • Jul 15
Braveheart Resources Inc. Announces Resignation of Phil Keele as Director Braveheart Resources Inc. announced that Mr. Phil Keele has resigned as a Director of the Company effective June 13, 2022 to pursue other interests. During his five years with the Company Mr. Keele served as a former President, CEO and Director. Price Target Changed • Apr 27
Price target increased to CA$0.45 Up from CA$0.39, the current price target is provided by 1 analyst. New target price is 400% above last closing price of CA$0.09. Stock is down 25% over the past year. The company posted a net loss per share of CA$0.049 last year. Recent Insider Transactions Derivative • Apr 14
Executive Director exercised options to buy CA$100k worth of stock. On the 8th of April, David Johnston exercised options to buy 1m shares at a strike price of around CA$0.06, costing a total of CA$60k. This transaction amounted to 66% of their direct individual holding at the time of the trade. Since December 2021, David's direct individual holding has decreased from 1.56m shares to 1.51m. Company insiders have collectively bought CA$212k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 17
Braveheart Resources Inc. announced that it has received CAD 0.82625 million in funding Braveheart Resources Inc. announced a private placement of 11,016,667 units with an issue price of CAD 0.075 per unit for proceeds of CAD 826,250 on February 16, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at an exercise price of CAD 0.1175 per share for a period of two years. The company paid commissions to eligible finders under the offering totaling CAD 4,500 and 60,000 finder's warrants, with each finder's warrant exercisable into a common share at an exercise price of CAD 0.075 per share for two years. All securities issued under the offering are subject to a statutory hold period that expires four months and one day from issuance. Announcement • Feb 10
Braveheart Resources Inc. Announces the Commencement of A Preliminary Economic Assessment At Bull River Mine Braveheart Resources Inc. announces the commencement of a Preliminary Economic Assessment (PEA) for its 100% owned Bull River Mine, near Cranbrook, B.C. Braveheart has engaged JDS Energy & Mining Inc. (JDS) to complete the PEA study. JDS is ideally suited to complete the work having been involved with the project under previous owners and having completed similar studies for junior and major mining companies in northern and western Canada. The Company expects to receive the completed study within approximately 120 days. The Bull River Mine is fully developed and dewatered with 21,000 meters of underground developments in terms of ramps, raises and drifting on mineralized structures on seven levels. The surface infrastructure includes a 700 tonne per day conventional mill with adjoining crushing facilities as well as offices and mine maintenance facilities. The property is connected to grid power and there is year-round access to the site by paved and all-weather roads. The Company recently announced a 57% increase in copper metal at the Bull River project. The increases are due to the inclusion of new drilling from 2020 and 2021, reinterpretation of the mineralized shapes and additional certificates and QAQC being applied. The new N.I. 43-101 compliant Technical Report was independently prepared by Moose Mountain Technical Services under the supervision of Sue Bird, P.Eng. Announcement • Aug 24
Braveheart Resources Inc. Provides Up-Date on Permitting and Construction Progress At Bull River Mine Braveheart Resources Inc. reported on progress being made on permitting and construction activities at the Bull River Mine project (the "Project"). Braveheart continues to work closely with the British Columbia Ministry of Environment and Climate Change Strategy ("ENV") and the Ministry of Energy, Mines and Low Carbon Innovation ("EMLI") on its application to restart the Project. The Company is pursuing a Joint Mines Act and Environmental Permit Amendment process wherein the Company is requesting an amendment to the current effluent discharge permit and permission to dispose of filtered tailings in a new tailings storage facility on surface. The primary change to the effluent discharge permit will be the inclusion of additional element testing but the current discharge location will not change nor will the anticipated volume of discharge to the environment. To-date the Company has submitted an updated project description and an information reporting table ("IRT") and responded to screening responses from regulators. The company has recently been notified of EMLI's plans to establish a Mine Review Committee and prepare for engagement with the Ktunaxa Nation Council ("KNC"). VAST Resources Solutions Inc. ("VAST") is the environmental consulting firm that is assisting the Company with the application process. Braveheart recently engaged Tetra Tech Canada Inc. ("Tetra Tech") to assist with geochemical components of Phase 1 of the mining permit submission. Phase 1 of the restart will include the initial processing of a 165,000-tonne stockpile of mineralized material currently on surface. Tetra Tech (and prior to 2010, its predecessor company EBA Engineering) assisted previous owners of the Project with assessment and characterization of geologic materials since 2006. Tetra Tech will assist the Company initially with Acid Rock Drainage and Metal Leaching ("ARD ML") related components of the application. In parallel with the permitting process, the Company is continuing to complete engineering studies and construction activities associated with a restart of the Project. The Company reported progress on its hydroelectric reconnection project. A 10 MVA transformer and related switchgear that was originally purchased in August 2019 is currently scheduled to be decommissioned in Manitoba on August 26, 2021 and transported to the mine site in British Columbia in the first week of September 2021. The company previously reported its intent to have the transformer on site by Second Quarter 2021 but incurred difficulties coordinating a date with Manitoba Hydro for the de-energization. Once the transformer is at the mine site in British Columbia, a commissioning and re-energization date will be confirmed with BC Hydro. AMPS Services Inc. and AMPS Powerline, based in Winnipeg, Manitoba is coordinating the decommissioning, transportation and commissioning processes. The company is also pleased to report that Stantec Engineering has completed a detailed design for the proposed new Tailings Storage Facility ("TSF"). The Company is proposing the development of a filtered or dry stack TSF. Once the company has received permission from ENV and EMLI, the civil works associated with construction of the TSF can commence. Previously the Company announced an agreement to procure six refurbished Outotec flotation cells from Nelson Machinery & Equipment Ltd. To-date the Company has advanced funds to complete the refurbishment of two cells with planned completion and delivery of all cells by late Fourth Quarter 2021. The Company has identified several solutions for a new filtration circuit but not yet committed funds. Announcement • Jun 18
Braveheart Resources Inc. announced that it expects to receive CAD 0.5 million in funding Braveheart Resources Inc. (TSXV:BHT) announced a private placement to issue 5,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 500,000 on June 17, 2021. 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 CAD 0.14 per share for a period of 24 months from the offering. The Company may pay finder's fees from the gross proceeds of the offering in the form of cash and warrants. The proposed financing and any finder's fees are subject to TSX Venture Exchange approval. All securities will be subject to a statutory hold period that expires four months and one day from issuance. Announcement • Jun 09
Braveheart Intersects 19.8% Copper over 0.6 Metres At Bull River Mine Project Braveheart Resources Inc. reported that it has intersected high grade copper mineralization at the Bull River Mine project. The purpose of the H1 2021 drilling program and subsequent drilling in H2 2021will be to test the down
dip extension of the vein systems under the current workings. Approximately 1,000 metres of drilling is planned for the second quarter of 2021. This program was originally initiated in March 2020 but suspended due to health and safety protocols resulting from the onset of COVID-19 after the completion of 831 metres of drilling. The Company plans to follow-up on the results of the 2020 drilling program and on several historical diamond drill holes that are located below the current workings. One historical drill hole, BRU00-035, that is located below and to the east of the current resource model of the Main South Vein, yielded a composite average of 2.86% Cu over 9.9 metres including 4.27% Cu over 6.0 metres. A second historical drill hole, BRU09-10 yielded a composite average of 3.21% Cu, 21.29 g/t Ag and 1.18 g/t Au over 4.15 metres. These values do not represent true widths. All holes in the 2020 program were drilled from underground workings on 9 Level and collared in 9E4XC Ext Re-muck. All five holes from the spring 2020 program intersected mineralized structures in the central portion of the South Vein at depths of
approximately 115 metres below 9 Level, which represented the deepest level of the mine about 350 metres below the elevation of the mine portal prior to the 2021 program. Announcement • Apr 30
Braveheart Resources Inc. Announces it Plans to Resume Drilling from Underground Workings at the Bull River Mine Project Braveheart Resources Inc. announced that it plans to resume drilling from underground workings at the Bull River Mine project effective May 3, 2021. The purpose of the drilling program will be to test the down dip extension of the vein systems under the current workings. Approximately 1,000 metres of drilling is planned for the second quarter of 2021. This program was originally initiated in March 2020 but suspended due to health and safety protocols resulting from the onset of COVID 19 after the completion of 831 metres of drilling. The Company plans to follow-up on the results of the 2020 drilling program and on several historical diamond drill holes that are located below the current workings. One historical drill hole, BRU00-035 that is located below and to the east of the current resource model of the Main South Vein, yielded a composite average of 2.86% Cu over 9.9 metres including 4.27% Cu over 6.0 metres. A second historical drill hole, BRU09-10 yielded a composite average of 3.21% Cu, 21.29 g/t Ag and 1.18 g/t Au over 4.15 metres. These values do not represent true widths. All holes will be drilled from underground workings on 9 Level and collared in 9E4XC Ext Re-muck. All five holes from the spring 2020 program intersected mineralized structures in the central portion of the South Vein at depths of approximately 115 metres below 9 Level, which represents the deepest level of the mine about 350 metres below the elevation of the mine portal. Announcement • Mar 21
Braveheart Resources Inc Appoints Manish Grigo as Director of Corporate Development Braveheart Resources Inc. announce the appointment of Manish Grigo as Director of Corporate Development. Additionally, he is a chartered financial analyst. He has over 12 years of experience in research analysis, investor relations and corporate development, having worked in mining, technology and diversified industries. Announcement • Feb 12
Braveheart Announces Positive Initial Results on Ore Sorting At Bull River Mine Project Braveheart Resources Inc. to announce positive initial results for the application of ore sorting on the stockpiled mineralized material at its 100% owned Bull River Mine project near Cranbrook, British Columbia. Braveheart recently sent samples from a stockpile of mineralized material consisting of copper, gold and silver at Bull River to the TOMRA Sorting Solutions ("TOMRA") facility in Hamburg, Germany. TOMRA designs and manufactures sensor-based sorting technologies for the global mining industry. X-Ray technology was chosen as the most appropriate technique for the Bull River material on the expected differences in atomic densities of copper-bearing material and host rock. Testing is being managed by ABH Engineering a world leader in ore sorting technology assessment and installation. Brent Hilscher, VP Mineral Processing at ABH, stated: "The exploratory tests for Bull River show an unusually clear density association. The high- and low-grade rocks for this deposit are extremely easy to separate with an XRT system. Further work will focus on defining performance and identifying economic benefits. Results are still preliminary, and work is ongoing. Announcement • Jan 17
Braveheart Resources Inc. Announces Positive Preliminary Economic Assessment for Thierry Mine Project Braveheart Resources Inc. announced the completion of a positive Preliminary Economic Assessment ("PEA") for its newly acquired Thierry Mine Project ("Thierry") near Pickle Lake, Ontario. The PEA was independently prepared by P&E Mining Consultants Inc. ("P&E") under the supervision of Eugene J. Puritch. This PEA is focused solely on mining of the Mineral Resources at the Thierry underground mine and provides a solid base case for moving the Project forward. The PEA indicates a 14-year mine plan based on a 4,000 tonne per day underground mining and processing operation. The mine plan assumes the potentially extractable tonnage of Measured, Indicated and Inferred Mineral Resources is diluted by 20% and a 90% mine recovery factor is applied. Measured and Indicated Mineral Resources represent 8,131,000 tonnes at 1.46% Cu, 0.18% Ni and 3.7 g/t Ag. Inferred Mineral Resources represent 11,507,000 tonnes at 1.46% Cu, 0.15% Ni and 6.1 g/t Ag. Palladium, platinum and gold do not make material contributions to metal revenues. Metal prices are based on long-term industry consensus with copper representing the primary contribution to revenues. US metal prices used in the PEA were $3.48/lb Cu, $8.00/lb Ni, $21.00/oz Ag, $1,250/oz Pd, $1,100/oz Pt and $1,600/oz Au. A USD exchange rate of 0.75 is applied. Life of mine processing recovers 880,000 tonnes of copper concentrate at 30% Cu. In addition, 157,000 tonnes of nickel concentrate at 8% Ni are recovered. This results in 567,000,000 lbs of payable Cu and 21,000,000 lbs of payable Ni. LOM revenues from net smelter returns are estimated at $2,579 million. Announcement • Jan 06
Braveheart Resources Commences Ore Sorting Study At Bull River Mine Project Braveheart Resources Inc. announced the commencement of an ore sorting study for its 100% owned Bull River copper, gold and silver mine project. Braveheart has engaged ABH Engineering ("ABH"), a world leader in ore sorting technology assessment and installation, to complete this study. Ore sorting or pre-concentration of mineralized material has the potential benefit of increasing the mill feed grade which can result in an improved net present value ("NPV") of a mining project. Potential benefits include a lowering of operating costs on a unit basis, a reduction in the volume of fine tailings created through the milling process and the overall volume of material transported to the tailings storage facility, a reduction in power consumption particularly in the grinding circuit and a lower overall environmental impact. Braveheart plans to advance the Bull River mine project in a phased approach wherein a surface stockpile of mineralized material will provide the initial feedstock to an up-graded 700 tonne per day mill. Ore sorting capability could be introduced ahead of the grinding circuit. Braveheart recently announced the commencement of a Preliminary Economic Assessment ("PEA") for its newly acquired and 100% owned Thierry Mine Project ("Thierry") near Pickle Lake, Ontario. Thierry is a past-producer of copper, nickel, palladium, platinum, gold and silver with similar copper grades to the Bull River mine project. The Thierry underground is currently flooded and there is no milling facility on site. Depending on the results of the ore sorting study at the Bull River mine project and the PEA at Thierry, Braveheart may decide to incorporate ore sorting capability into the preliminary mill design for Thierry. Announcement • Dec 27
Braveheart Resources Commences Pea on Thierry Mine Project Braveheart Resources Inc. reported the commencement of a National Instrument 43-101 Preliminary Economic Assessment on the recently acquired Thierry Mine Project located near Pickle Lake in northwest Ontario, Canada. The PEA will focus on mining of the Mineral Resources at the Thierry underground mine only and will include a review and update on capital, operating and G&A costs for the underground mine and surface processing facilities. It will also include an update on cash flow models and financial analysis as well as an up-date on the NI 43-101 Technical Report. The report is expected to be complete in the first quarter of 2021. Announcement • Dec 24
Braveheart Resources Inc. (TSXV:BHT) completed the acquisition of Thierry Mine Project from Cadillac Ventures Inc. (TSXV:CDC) Braveheart Resources Inc. (TSXV:BHT) entered into a letter of intent to acquire Thierry Mine Project from Cadillac Ventures Inc. (TSXV:CDC) for CAD 1.9 million on August 18, 2020. Braveheart Resources Inc. (TSXV:BHT) entered into a definitive agreement to acquire Thierry Mine Project from Cadillac Ventures Inc. (TSXV:CDC) on October 21, 2020. The consideration includes CAD 0.3 million in cash and 13.5 million common shares of Braveheart Resources Inc. and a 2% net smelter royalty (NSR) to be retained by Cadillac Ventures Inc. of which 1% of the NSR can be purchased by Braveheart Resources for CAD 1 million. As of December 18, 2020, The definitive agreement for Braveheart to purchase all the shares of Cadillac Ventures Holdings Inc., Cadillac's wholly-owned subsidiary which owns the Thierry Project, is being amended to provide that the amount of the purchase price shall be an aggregate of CAD 275,000 cash to Cadillac on the closing date, which represents an unchanged CAD 300,000 net of the CAD 25,000 advanced; Braveheart will issue 11,000,000 Braveheart common shares (reduced from 13,500,000 shares) to Cadillac on the closing date; Braveheart will issue up to an additional 2,500,000 Braveheart common shares following delivery of the pending Updated Rehabilitation Plan to the Ministry of Energy, Northern Development and Mines of Ontario ("MENDM") for Thierry, with the number of potential Braveheart shares to be reduced from 2,500,000 based on 50% of the amount of additional financial assurance that needs to be posted with MENDM, above the CAD 400,000 as reflected in such plan and using the closing price of the BHT Shares on the date of the Updated Rehabilitation Plan, and Cadillac shall also reimburse Braveheart in cash to the extent that the additional financial assurance exceeds the value of the 2,500,000 Braveheart common shares; and the 2% NSR Royalty grant is unchanged.
The transaction remains subject to definitive purchase and sale agreement, satisfactory completion of due diligence by Braveheart Resources and the approval of the TSX Venture Exchange. Cadillac has scheduled a shareholder meeting for November 11, 2020 for the purpose of obtaining the approval of Cadillac shareholders for the sale of the Thierry Project and subject to third party approvals. The definitive agreement will include customary terms and conditions including representations and warranties. The transaction is expected to close in November 2020. As of December 18, 2020, The transaction is expected to close close in December 2020.
Braveheart Resources Inc. (TSXV:BHT) completed the acquisition of Thierry Mine Project from Cadillac Ventures Inc. (TSXV:CDC) on December 23, 2020. Announcement • Sep 24
Braveheart Resources Inc. announced that it expects to receive CAD 0.525 million in funding from Palisades Goldcorp Ltd. Braveheart Resources Inc. (TSXV:BHT) announced a private placement of 7,000,000 units at an issue price of CAD 0.075 for gross proceeds of up to CAD 525,000 on September 22, 2020. The transaction will involve participation from Palisades Goldcorp Ltd. 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 CAD 0.11 per share for a period of three years from the transaction. All securities will be subject to a statutory hold period that expires four months and one day from issuance. The transaction is subject to TSX Venture Exchange approval. Announcement • Aug 19
Braveheart Resources Inc. (TSXV:BHT) entered into a letter of intent to acquire Thierry Mine Project from Cadillac Ventures Inc. (TSXV:CDC) for CAD 1.9 million. Braveheart Resources Inc. (TSXV:BHT) entered into a letter of intent to acquire Thierry Mine Project from Cadillac Ventures Inc. (TSXV:CDC) for CAD 1.9 million on August 18, 2020. The consideration includes CAD 0.3 million in cash and 13.5 million common shares of Braveheart Resources Inc. and a 2% net smelter royalty (NSR) to be retained by Cadillac Ventures Inc. of which 1% of the NSR can be purchased by Braveheart Resources for CAD 1 million. The transaction remains subject to definitive purchase and sale agreement, satisfactory completion of due diligence by Braveheart Resources and the approval of the TSX Venture Exchange. The definitive agreement will include customary terms and conditions including representations and warranties. The transaction is expected to close within the next 30 days. Announcement • Jul 17
Braveheart Resources Inc. announced that it expects to receive CAD 8 million in funding from Alumina Partners (Ontario) Ltd. Braveheart Resources Inc. (TSXV:BHT) announced that it has entered into a financing facility with new investor Alumina Partners (Ontario) Ltd. for a private placement of units for gross proceeds of up to CAD 8,000,000 on July 15, 2020. Each unit will consist of one common share and one common share purchase warrant, issued at discount. The exercise price of the warrants will be at a 25% premium over market at the time of the issuance and the warrants will expire in 60 months. The company will receive the funding in tranches of up to CAD 250,000 for over a period of 24 months. The securities issued in each tranche will be subject to TSX Venture Exchange approval. All securities will be subject to a statutory hold period of four months and one day from issuance. 
