Canadian Critical Minerals Inc. Divests Stake in Thierry Copper Mine
October 4, 2023
Canadian Critical Minerals Inc. (CCMI) has agreed to sell a 45% interest in Pickle Lake to Orecap for $1,350,000 in an all-cash deal. As part of the transaction, CCMI will acquire 3,000,000 share purchase warrants from Pickle Lake with varying exercise prices and validity durations. Additional milestone payments from Pickle Lake to CCMI are contingent upon increases in the NI 43-101 Resource at Thierry. Alongside this deal, QC Copper will purchase a 10% interest in Pickle Lake for an upfront payment of $300,000.
