Canadian Critical Minerals Updates Its Permit Application to Restart the Bull River Mine and Mill

Core Viewpoint - Canadian Critical Minerals Inc. is updating its permit application to restart the Bull River Mine project, aiming to combine project phases into a single application for more efficient operations [2][3][9] Company Updates - The company is modifying its application to restart the Bull River Mine by combining phases, which will allow simultaneous underground mining and milling operations if approved [3] - Consultants are engaged to complete the application, with Moose Mountain Technical Services providing a detailed underground mine plan expected by early August 2025 [4] - ALS Metallurgical Services is conducting humidity cell testing on tailings, which simulates expected metal leaching over time [4] - The final permit application is planned for submission to the Major Mines Permitting Office in Q1 2026 [4] Project Details - The initial phase involved processing a 180,000 tonne surface stockpile through a 700 tonne per day mill, while the second phase includes restarting underground mining and using filtered tailings as cemented backfill [5] - The company has sold approximately 7,900 tonnes of pre-concentrated mineralized material to New Afton under an Ore Purchase Agreement, with an additional 2,100 tonnes expected by August 2025 [6] - The remaining 170,000 tonnes of mineralized fines will serve as initial feed for the mill for about eight months post-restart [6] Financial Position - Revenues from the Ore Purchase Agreement have helped reduce payables and cover permit application costs without diluting shareholder equity [7] - The Bull River Mine project has over $100 million in usable infrastructure, connected to grid power and all-weather roads [7] - The mine is maintained in a dewatered condition with over 22,000 metres of underground workings accessible from the surface [7] Industry Context - The provincial government emphasizes the importance of new projects in the critical minerals sector, with the Bull River Mine being one of the most advanced non-producing mining projects in British Columbia [8][9]