- Canadian Critical Minerals (CCMI) signed a facilities agreement with B.C. Hydro and Power Authority for its Bull River Mine project
- Ian Berzins, CEO of Canadian Critical Minerals, met with Sabrina Cuthbert to discuss the news
- B.C. Hydro will reconnect the company to an existing transmission line to provide 5,000 kVA for around $150,000.
- The company needs this increased demand to restart the mill and resume underground mining
- Canadian Critical Minerals (CCMI) is trading at C$ 0.075 per share
Canadian Critical Minerals (CCMI) signed a facilities agreement with B.C. Hydro and Power Authority for its Bull River Mine project.
The agreement was completed following a facilities study to define interconnection requirements and establish a timetable for B.C. Hydro to meet the company’s service date and is set to be complete by June 30, 2023.
The Bull River project is currently connected to B.C. Hydro through a 12.47kV service line which provides up to 2,000 kVA in contract demand which is sufficient to continue with care and maintenance activities, including dewatering of the underground mining infrastructure.
Under the new agreement, B.C. Hydro will reconnect the company to an existing 66kV transmission line which will provide up to 5,000 kVA in contract demand to the property. B.C. Hydro estimates the system reinforcements and revenue metering with the reconnection to be around $150,000.
The company needs this increased demand to restart the mill and resume underground mining.
Ian Berzins, CEO of Canadian Critical Minerals, met with Sabrina Cuthbert to discuss the news.
“To-date reconnection to the 66kV transmission line has been delayed pending delivery of some key electrical components, including switchgear. All key components have now been secured. We look forward to working with BCH to complete the reconnection.”
Canadian Critical Minerals Inc. (CCMI) is a mining company primarily focused on two near-term copper production assets in Canada. Braveheart’s main asset is the 100 per cent owned Bull River Mine project near Cranbrook, British Columbia, which has a mineral resource containing copper, gold, and silver. Its newest acquisition is the 100% owned Thierry Mine project near Pickle Lake, Ontario, which has a Mineral Resource containing copper, nickel, silver, and gold.
Canadian Critical Minerals (CCMI) is trading at C$0.075 per share.