Canadian Critical Minerals Inc (QB) (RIINF)

Loaded up in the .0266 area today. Metals are hot, and should stay hot.

Undervalued. here is the case. https://jaycurrie.substack.com/p/market-cap-adventures-in-accounting

The following steps summarize management’s strategy:
? Apply for a tailings disposal permit by mid-2025, with approval expected by late
2025 or early 2026.
? Procure mill equipment, and start processing the remaining stockpile in H2-
2026.
? At a processing rate of 700 tpd, the stockpile should support operations for
approximately eight months.
? Apply for an underground mining permit in 2026, with production targeted for
2027. We believe this process will likely be straightforward, as the tailings permit
will address many key environmental and operational aspects, and the mine
has a history of operations

Our discussions with management indicated that key aspects of the permitting
process include a detailed design for dry stack tailings, and an updated effluent
discharge plan. As there are First Nations communities near the project, the
company will have to gain support from them, if and when the project is advanced
to production. Management has indicated that they are in discussions with
First Nations communities in the region.

We are resuming coverage with a BUY rating, and a fair value estimate of
$0.22/share. 2025 could be a pivotal year for CCMI, as permitting stands as the
company’s primary hurdle. The company has delineated a resource capable of
supporting 10+ years of operations, with a low CAPEX requirement, thanks to preexisting infrastructure. We believe that any positive progress in the permitting
process will lead to a significant boost in the share price. Our valuation is
conservative, as it does not account for any upside from the company’s exposure
to XXIX Metal.

above is from a Fundamental Research Corp
report

The FRC report says 'Apply for a tailings disposal permit by mid-2025, with approval expected by late
2025 or early 2026." That sucks I was hoping it would be sooner than that.

Fundamental Research Corp's new report says CCMI's fair value is C$0.22. They have been saying that for over a year and the damn market just won't reward it. Frustrating.

Here is a good recommendation for us.

Couloir Capital feels CCMI should be valued higher than the average for their peers. They believe it should be trading at a valuation of CAD $0.12 per share on an EV/Resources basis.

If CMMI was valued at the average (EV/Net Resources) of its peers it would be at C$.06 now. So this is another example of it's undervaluation.

Bull River project generates first revenues. With nearly 180000 tons of surface stockpile with an estimated value of C$30 Million. Current MC is about $9 million. Couloir Capital sets CCMI fair Value at C$0.19 UNDERVALUED!

A Milestone Achievement
The amended permit received by CCMI for its BRM project is more than just a regulatory approval; it's a gateway to innovative mining processes. This amendment allows for additional activities such as screening, crushing, and sorting of mineralized material, crucial steps in the efficient extraction of minerals. The timing is impeccable, as it coincides with the installation and commissioning of an ore sorter at the site, touted to be the first of its kind in North America for processing copper sulphide ore. With an expected completion by mid-March 2024, this technological marvel is poised to revolutionize the way mineral extraction is carried out, promising enhanced efficiency and reduced environmental impact.
https://bnnbreaking.com/world/canada/revolutionizing-copper-mining-canadian-critical-minerals-inc-secures-key-permit-amendment-for-bull-river-mine

Canadian Critical Minerals Signs Trucking Agreement for Stockpiled Material at the Bull River Mine Project

Calgary, Alberta--(Newsfile Corp. - January 16, 2024) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has entered into a trucking agreement with Arrow Transportation Systems Inc. ("Arrow") to haul mineralized material from a surface stockpile at its flagship Bull River Mine ("BRM") project near Cranbrook, BC to the New Afton Mine operation ("New Afton") near Kamloops, BC for processing.

Under terms of the agreement Arrow will initially haul approximately 16,000 wet metric tonnes of mineralized material to New Afton over a period of four months beginning in early January 2024.

Previously, the Company announced that it had entered into an Ore Purchase Agreement ("OPA") with New Afton (see press release dated October 5, 2023, on Sedar+). Under the terms of the OPA, CCMI will deliver up to 90,000 tonnes of mineralized material from the BRM to New Afton 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 the 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. The Company began screening and crushing of stockpiled material in November 2023. To-date approximately 45,000 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.

The Company estimates that approximately 30% of the entire stockpile will be Fines which, at minus 5/8 inches 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 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.

Darrell Remple, Regional Manager Mining and Aggregates at Arrow commented, "Arrow is thrilled to work with Canadian Critical Minerals Inc. on this exciting opportunity, building out a logistics network to support the success of their Bull River Mine operation".

Ian Berzins, President and CEO commented, "Now that we have the OPA in place with New Afton and secured a trucking contract with Arrow for an interim period of time, we are in a position to generate revenues from the stockpiled material on surface at the Bull River Mine in the near future".

About Canadian Critical Minerals Inc.

CCMI is a mining company primarily focused on two near-term copper production assets in Canada. CCMI's main asset is the 100% owned Bull River Mine project (>135 million lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. CCMI also owns a 34% interest in the Thierry Mine project (>1.3 billion lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.

Contact Information
Canadian Critical Minerals Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@canadiancriticalmineralsinc.com
Website: www.canadiancriticalmineralsinc.com

About Arrow Transportation Systems Inc.

Established in 1919, Arrow Transportation Systems Inc. is one of the oldest and most respected transportation companies in Canada. Arrow specializes in commodity hauling, facilities management, logistics management, marine services, manufacturing, product distribution and technology development. Arrow is valued for its integrity, technology and innovative transportation solutions. arrow.ca

Arrow Transportation Systems Inc. Media Contact

Amelia Hillyard
ahillyard@arrow.ca
1-250-819-9753

Canadian Critical Minerals Inc. Signs Ore Purchase Agreement with New Afton

Calgary, Alberta--(Newsfile Corp. - October 5, 2023) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") is pleased to announce that it has entered into an Ore Purchase Agreement ("OPA" or the "Agreement") to send ore to the New Afton operation for processing.

Under the terms of the OPA, CCMI will deliver up to 90,000 tonnes of mineralized material from the Bull River Mine ("BRM" or the "Project") to the New Afton operation 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. Material will be screened and crushed and then sorted using a Steinert KSS 100 ore sorter prior to trucking 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 trucked. CCMI plans to begin preparing material for trucking in Q4 2023.

Ian Berzins, President and CEO of CCMI commented, "We are extremely pleased to enter into this Agreement. It provides us with the opportunity to monetize some of the value of the current surface stockpile at the Bull River Mine thereby generating first revenues for the Company. Proceeds from the OPA will be used to continue with final permitting of the Project, on-going care and maintenance costs and further capital upgrades at the Project. We are very interested to assess the applicability of ore sorting on our mineralized material on a large-scale basis as a grade control strategy. Potentially ore sorting can be integrated into the BRM milling operation in the longer term".

A

- Canadian Critical Minerals Inc. has sold controlling interest in its subsidiary Pickle Lake Minerals Inc., which owns the Thierry Copper Mine, to Orecap Invest Corp.
- Orecap will acquire a 45% interest in Pickle Lake for $1,350,000, while Canadian Critical Minerals Inc. will retain a 39% interest.
- QC Copper will acquire 10% of Pickle Lake for $300,000, and Ocean Partners will acquire 6% of the common shares of Pickle Lake.
- The proceeds from the sale will be used to discharge a $1.0 million loan with Ocean Partners UK that is secured against the assets of Canadian Critical Minerals Inc.'s Bull River Mine.
- The sale of the controlling interest in Thierry will allow Canadian Critical Minerals Inc. to focus on advancing its flagship Bull River Mine project and increase exploration activities at Pickle Lake.

Full press release: (https://ceo.ca/@newsfile/canadian-critical-minerals-inc-sells-controlling-interest) CEOBrief_Bot summaries are AI-generated. We cannot guarantee their accuracy. Use at your own risk and always refer to the original sources. Report any errors here: # brief-bot-errors

News: more cheap dilution
https://ceo.ca/@newsfile/canadian-critical-minerals-announces-strategic-investment

Still on sale this morning. So I Bought RIINF this morning. Look forward to the day this is fair valued. Will make
this level look like a gift.

Yes good example of a well managed endeavor. Tough job but Ian is looking at all options to move forward in the most economical way. I think we are in good hands.

$RIINF $CCMI.V Canadian Critical Minerals Leases Ore Sorter for Bull River Mine Project


https://www.newsfilecorp.com/release/164269

Calgary, Alberta--(Newsfile Corp. - May 1, 2023) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("Canadian Critical Minerals" or the "Company") is pleased to announce that it has secured a Steinert KSS 100 X-Ray Transmissive Ore Sorter ("Sorter") for up-grading of mineralized copper bearing material currently stockpiled on surface at its Bull River Mine ("BRM") project near Cranbrook, British Columbia. The Sorter will be leased for a period of 12 months during which time the Company plans to screen, crush and sort the entire stockpile of approximately 180,000 tonnes of mineralized material.

Previously, the Company completed a positive ore sorting study on the BRM stockpile material using a similar X-Ray technology ("XRT") supplied by TOMRA Sorting Solutions (see press release dated April 19, 2021). XRT was determined to be the most appropriate technology for BRM material. 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. The average grade of rejected material was 0.17% copper equivalent ("CuEq") which is well below the cut-off grade ("COG") for the current Resource. The Company intends to pre-screen the entire stockpile, thereby removing approximately 25% of the mineralized material as fines. The remaining oversize material will be crushed to minus 3 inch and this material will report to the Sorter.

Ore sorting or pre-concentration of mineralized material has the potential benefits 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. At the BRM, the fines and concentrated material accepted by the Sorter will provide feed for the mill and the waste material will not be milled. By pre-concentrating higher-grade material, the Company will have optionality to ship pre-concentrated material to another permitted milling facility thereby generating early revenues for the Company.

As a result of securing the Sorter, the Company has decided to postpone the previously announced ore characterization and sorting trial with MineSense Technologies Ltd. (see press release dated March 30, 2023).

Ian Berzins, President and CEO commented, "We were fortunate to secure a Sorter for our project at this time. Typically, a new Sorter sourced from an original equipment supplier ("OEM") will take 46 to 50 weeks to arrive and delivery can be further exacerbated by delays in the global supply chain. Access to this Sorter will allow the Company to segregate the surface stockpile and separate low-grade and/or waste material that would otherwise be sent to the mill. In addition, the Company will be able to assay the fines and concentrated mineralized material to determine a grade for the material prior to milling".

Qualified person

CCMI's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Gary Low P.Geo., who serves as a Consultant to the Company and is a Qualified Person under the definition of National Instrument 43-101.

Saw the dip with volume. I called Ian the CEO and asked if the are any reasons for this sell-off. He said no. Everything is going well and there should be some positive news on 5-6 weeks. Sooo I picked up more shares. This one's fair value should be 7x from here.

$RIINF $CCMI.V Canadian Critical Minerals Enters Into Ore Characterization and Sorting Trial with MineSense Technologies Ltd.

https://www.newsfilecorp.com/release/160886

Calgary, Alberta--(Newsfile Corp. - March 31, 2023) - Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("Canadian Critical Minerals" or the "Company") is pleased to announce that it has entered into an ore characterization and sorting trial with MineSense Technologies Ltd.("MineSense") for mineralized material currently stockpiled at its Bull River Mine ("BRM") project near Cranbrook, BC. MineSense's ShovelSense® system utilizes X-Ray fluorescence based sensing technology that is mounted directly to digging equipment such as front-end loaders and shovels to accurately characterize and grade with each bucket, and differentiate between low, medium and high grade mineralized material.

The objective of installing the ShovelSense system at the BRM project is to segregate higher-grade mineralized material from an existing 180,000 tonne surface stockpile that could be transported by truck and/or rail to an existing permitted milling facility in southern British Columbia for final processing. Through pre-concentration of higher-grade mineralized material at BRM, the Company may be able to generate sufficient revenues to offset transportation and processing costs resulting in economic advantage to the Company. The ShovelSense system is most effective characterizing material that is heterogeneous in nature, in that it can be separated into ore and waste based on grade. The first phase of the trial is to assess the heterogeneity of the stockpiled material and the second step will be to build a calibration model using a sampling program.

Ian Berzins, President and CEO commented, "We are excited to test the applicability of the ShovelSense system at our Bull River Mine project. The ShovelSense technology has already been integrated into grade control strategies at three Western Canadian copper mines including Copper Mountain Mining Corp, Teck's Highland Valley Mine and Taseko's Gibraltar Mine. If applicable, it could be integrated into a strategy to monetize some of the value of the current stockpile while the Company is waiting to receive permission from the BC Ministry of Energy, Mines and Low Carbon Innovation and the BC Ministry of Environment for the restart of the past-producing Bull River Mine".

The Company plans to initiate the trial within 30 days.

Braveheart Resources Inc. changed to Canadian Critical Minerals Inc.:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Undervalued - hear this agreeing to that.

Braveheart Announces Delay to Preliminary Economic Assessment at Bull River Mine

Calgary, Alberta--(Newsfile Corp. - July 13, 2022) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company") hereby announces that the Preliminary Economic Assessment ("PEA") for its 100% owned Bull River Mine, near Cranbrook, B.C. has been suspended pending an improvement in metal prices.

The Company originally announced commencement of the PEA on February 9, 2022, with an expected completion within 120 days. When Braveheart originally commissioned the study, the price of copper was US$4.50 per lb. Since that time, the price of copper has declined to US$3.35 per lb. The Company continues to exercise discipline in any of its cash spending. As a result, the financing of any technical study, not specifically related to the permit application to restart the Bull River Mine project, has been put on hold.

The Bull River Mine is fully developed and dewatered with 21,000 metres 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.

Ian Berzins, President and CEO, commented, "We look forward to completing a PEA study on the Bull River project, but this will not occur before the third quarter of 2022 and may be further delayed if commodity prices remain under pressure. Delay of this study will not impact on Braveheart's current discussions with the Ministry of Energy, Mines and Low Carbon Innovation ("EMLI"), the Ministry of Environment and Climate Change Strategy and the Environmental Assessment Office ("EAO") of British Columbia regarding its permit application to begin processing existing mineralized stockpiled material on surface at the mine and then resume underground mining operations."

That news shows one very expensive load. $5 Million load costing $2.75M when the post 0.25% royalty is added. "Upon satisfaction of the Maximum NSR Payment, the royalty rate under the NSR shall be reduced from 3% to 0.25%. The 0.25% NSR can be purchased by Braveheart at any time for $1,000,000". But it allows them to work towards production without dilution. A reasonable compromise I guess.

Braveheart Resources Completes Loan Conversion Agreement with Matlock Farms

Calgary, Alberta--(Newsfile Corp. - June 29, 2022) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company") is pleased to announce that the Company has completed a Loan Conversion Agreement (the "Agreement") with Matlock Farms Ltd. ( the " Lender"). Braveheart and the Lender are parties to a loan agreement (the "Loan Agreement") dated January 19, 2019, as amended January 19, 2021, pursuant to which Braveheart has borrowed a principal amount of $5,000,000 (the "Principal") from the Lender.

The parties have entered into this Agreement to amend the terms of the Loan Agreement to allow the conversion of the Principal plus accrued interest of approximately $500,000 into a 3% net smelter royalty (the "NSR") on the Bull River Mine project near Cranbrook, British Columbia.

Highlights of the Agreement include the following:

The NSR will be capped at a maximum of $6,750,000 (the "Maximum NSR Payment"). Braveheart will make bi-annual payments on or before June 30th and December 31st of each year of $150,000 as advance payments against the NSR and such payments shall be deducted against and reduce the Maximum NSR Payment.

Upon satisfaction of the Maximum NSR Payment, the royalty rate under the NSR shall be reduced from 3% to 0.25%. The 0.25% NSR can be purchased by Braveheart at any time for $1,000,000.

Upon execution of this Agreement the obligations owed by Braveheart to the Lender under the Loan Agreement shall be paid in full and all other indebtedness of Braveheart under the Loan Agreement shall be satisfied in full.

Ian Berzins, President and CEO, commented, "We are extremely pleased to complete this Loan Conversion Agreement with Matlock Farms Ltd. Our balance sheet has significantly improved with the elimination of $5,500,000 in debt and the Agreement does not result in share dilution. The Agreement improves our ability to raise new capital to complete the restart of the Bull River Mine project. The Loan Agreement was originally required to allow us to purchase the Bull River Mine project. The Company expects that the Maximum NSR Payment will be completed over the first four years of the mine life."

Just found out the why? -- Bob Moriarty at 321gold.com just wrote a new editorial on Braveheart. He has a strong following.

Metals Up for Rebound.
Braveheart Ready

Bob Moriarty
Archives
May 16, 2022

In the entire financial universe nothing ever goes straight up or straight down with perhaps the exception of the 10,267-clipto currencies led by Bitcon. Corrections and rebounds happen on a regular basis.

I follow the Daily Sentiment Indicator closely as my regular readers are well aware. The DSI for the Stock Indexes and most foreign currencies hit near record lows in the last three weeks but have turned higher as the DSI for the Dollar Index has been dropping making the market for resources more favorable. Monday the 16th of May is a full moon and would be a great time for a rebound in shares including resource stocks that have been hammered over the past month. If there is a rebound, get cashed up.

I’m on record as saying I believe we are in the greatest financial collapse in history. I use as a comparison the DOW Jones dropping 89% between September of 1929 to July of 1932. But even during that period there were big rallies that managed to convince the ordinary investors, indeed even the “experts” that the worst was over.

So basically I think bonds are going to crash, the stock market is going to crash; the clipto currencies have already lost $1.7 TRILLION. In short, investors are going to dump everything that will catch a bid to get the margin clerk off their backs.

So I’m going to do my very best to find stories that are so compelling that they will hopefully remain afloat as the rest of the fleet sinks to the bottom.

Braveheart Resources (BHT-V) certainly qualifies by every measure. The company has two 100% owned properties. One has 100 million pounds of high-grade CuEq at the Bull River Mine in Cranbrook, B.C. It’s a project that has had $200 million spent on mine development for production between 1976 and 2010 and $100 million on existing usable infrastructure. Bull River has a 6.5-year life and an awesome ROI of 92% on an investment of $6.5 million. The project comes with $30 million worth of already mined ore at the surface.

The 2nd major project, a Copper-Nickel deposit, the Thierry Mine at Pickle Lake, Ontario contains 1.3 billion pounds of copper at 1.6%+ and an after tax NPV of $488 million at a 6% discount rate giving a 36%+ IRR with a fourteen year mine life. At today’s price for copper as I write, that is $5.3 billion worth of copper in the ground. That should be worth something.

Preproduction costs for the first three years in the latest PEA call for a total of $322 million offset by operating cash flow of $180 million so only $142 million would be required to put the 4,000 TPD mine back into production. Payback is a tiny 3.1 years.

It is no secret that we are not headed for a copper and nickel shortage. We are there.

If the world is to transition to an EV world we have to have a lot more nickel and copper than is being produced today. Both of these mines will be put back into production. While inflation is obviously an issue with any numbers people are guessing today, if diesel and electricity go up, so does the price of copper and nickel.

If Braveheart has an issue that has created the absurd situation where a company sitting on almost $6 billion worth of copper, nickel, gold and silver has a market cap of $17 million it is because the company is run by mine builders. They have a good website and lots of nice technical data but the market simply doesn’t understand the story. The stock is absurdly cheap and down 35% in the last month as the margin clerks ran havoc with the resource sector. The low for the last year is $.06 and frankly I don’t consider a 20% drop much of a risk.

I made a lot of money in early 2016 when the market went nuts buying a lot of stocks selling for less than $.10. This was over $.10 a month ago and buying today and selling at the high in the last 30 days would make almost a 50% profit. That’s worth doing.

Braveheart is an advertiser so I am biased. Do your own due diligence.

Braveheart Resources
BHT-V $.075 May 13, 2022
RIINF-OTCBB 224 million shares
Braveheart website

###

Bob Moriarty
President: 321gold
Archives

Big pop in PPS with some volume. Why?

A Copper Junior Trading 55% Below Our Worst-Case Scenario

An updated Preliminary Economic Assessment (PEA) on the Thierry Mine project (Ontario) confirmed that the initial CAPEX can be lowered by 21%, by mining the upper workings initially, and deferring the construction of a shaft to access the lower workings.
FRC Research

As a result, the project’s AT-NPV6% increased 20% to $287M, with an attractive AT-IRR of 25%. We are raising our fair value estimate on this company from $0.39 to $0.45 per share.


This company has obtained an exploration permit. Management is planning a 5,000 m drill program to potentially upgrade and expand the current resource estimate.


A PEA on the Bull River mine is expected by May-June 2022. As the initial CAPEX estimate is very low ($6.5M), we are expecting robust economics.

https://www.researchfrc.com/wp-content/uploads/2022/04/BHT-April-2022-Update.pdf?utm_source=ActiveCampaign&utm_medium=email&utm_content=A+Copper+Junior+Trading+55++Below+Our+Worst-Case+Scenario&utm_campaign=Braveheart+Resources+Inc++%28TSXV%3A+BHT+%2F+OTCQB%3A+RIINF%29+-+Trading+55++Below+Our+Worst-Case+Scenario+-+Free&vgo_ee=eLkoaQ0QFwoR6N1zcB1IjQ%3D%3D

Fundamental Research Corp's new Report on Braveheart shows that fair value is C$0.45 BUY Current Price: C$0.10


Highlights

* An updated Preliminary Economic Assessment (PEA) on the Thierry Mine project (Ontario) confirmed that the initial CAPEX can be lowered by 21%, by mining the upper workings initially, and deferring the construction of a shaft to access the lower workings.

* As a result, the project’s AT-NPV6% increased 20% to $287M, with an attractive AT-IRR of 25%. We are raising our fair value estimate on BHT from $0.39 to $0.45 per share.

* BHT has obtained an exploration permit. Management is planning a 5,000 m drill program to potentially upgrade and expand the current resource estimate.

* A PEA on the Bull River mine is expected by May-June 2022. As the initial CAPEX estimate is very low ($6.5M), we are expecting robust economics.

* is working on a permit application to resume production. We note thmayat permitting remains a key risk for projects in B.C. Our discussions indicated that management is expecting to receive a permit by Q4-2022. If successful, we do not believe they will have any challenges raising capital, and/or advancing the project to production.

* In our worst-case scenario, the company runs into permitting issues at Bull River with zero value assigned to the project, our fair value estimate drops to $0.22 per share. BHT is trading at a 55% discount to our worst-case scenario.

* We believe the current environment (inflation, potential for additional supply chain disruptions amid rising tensions between the West and East, and high oil prices, partially offset by slower growth in China) will support metal prices.

* Upcoming catalysts include drilling, permitting, and a PEA on Bull River.

Not aware of anything specific. Maybe somebody decided to load up. IMO this is still approx 4x undervalued. Bit frustrating to see it lingering at these levels.

Hello Seeker

You seem to be more dialed into Braveheart resources than me. What happened today?

Braveheart Resources Closes $826,250 Financing

Calgary, Alberta--(Newsfile Corp. - February 16, 2022) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company") has closed a financing for proceeds of $826,250, comprising of 11,016,667 units with an issue price of $0.075 per unit. 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 $0.1175 per share for a period of two years.

The Company paid commissions to eligible finders under the offering totalling $4,500 and 60,000 finder's warrants, with each finder's warrant exercisable into a common share at an exercise price of $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.

Proceeds from the financing will be used primarily for permitting and development activities at the Bull River mine project near Cranbrook, B.C.

The Company further announces that pursuant to its stock option plan, the Company has granted 4,000,000 options at an exercise price of $0.075 with an expiry date of five years from the date of issue to certain directors, officers, employees and consultants of the Company.

About Braveheart Resources Inc.

Braveheart is a mining company primarily focused on two near-term copper production assets in Canada. Braveheart's main asset is the 100% owned Bull River Mine project (>135MM lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. Braveheart's latest acquisition is the 100% owned Thierry Mine project (>1,300MM lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.

Contact Information
Braveheart Resources Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@braveheartresources.com
Website: www.braveheartresources.com

For more investor information, please contact Braveheart at:
Manish Grigo
Director, Corporate Development
M: +1-416-569-3292
E: mgrigo@braveheartresources.com

NI 43-101 report (December)

Very detailed report for reading as we wait on next update'

https://braveheartresources.com/site/assets/files/2153/ni43-101_technical_report_resource_estimate_update_bull_river_project.pdf

Fundamental Research Corp put out a new research report. Setting fair value / share at C$.39 Bull River $.25 Thierry $.17 Debt -$.03

Now even more undervalued NEWS:

Ian Berzins, President and CEO, commented, "We are extremely pleased with the results of the up-dated Mineral Resource. This represents increases in copper metal of 23% in the Indicated Mineral Resource and 230% in the Inferred Mineral Resource from the 2018 Mineral Resource estimate. Additionally, both gold and silver metals increased by 63% and 71% respectively compared with the 2018 Mineral Resource estimate. The results are encouraging because we have significant overall increases in copper, gold and silver notwithstanding the use of a higher COG of 0.9% CuEq in the new Mineral Resource versus 0.6% CuEq in the previous Mineral Resource."

https://www.newsfilecorp.com/release/107042

UNDERVALUED by 3.7x

$.264 USD is current value of Braveheart according to Fundamental Research Corp analysis.

This video is worth a look
https://braveheartresources.com/investors/media/

UNDERVALUED: News -Braveheart Resources Appoints Peter Lacey as Independent Director

Calgary, Alberta--(Newsfile Corp. - October 27, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company") is pleased to announce the following changes to the Board effective this date. Peter A. Lacey, ICD.D has agreed to join the Board as an Independent Director of the Company. Brian Murray, one of the co-founders of Braveheart and its longest standing Director has notified the Company of his intention to retire.

Mr. Lacey is an international businessman and the founder and former Chairman of Cervus Equipment Corporation (TSX: CERV) ("Cervus"), a Canadian public company headquartered in Calgary, Alberta. Cervus comprises 63 equipment dealerships located across Western Canada and Ontario, representing John Deere agriculture equipment, Peterbilt Truck dealerships and material handling dealerships. Cervus also operates John Deere dealerships in Australia and New Zealand. On October 22, 2021, Mr. Lacey and the management team at Cervus completed the sale of Cervus to Brandt Tractor Ltd. ("Brandt") for approximately $302 million in the aggregate.

Mr. Lacey is currently Chairman of Hemostemix Inc., a startup stem cell public company (TSXV: HEM) which has 91 global patents and is completing Phase 2 clinical trial for FDA approval. He has most recently served as Lead Director for Entrec Corporation and Audit Committee Chairman for Memex Inc, two other Canadian publicly companies, as well as director for several other private companies. Mr. Lacey served on the Red Deer College Board of Governors for seven years including four years as Chairman. He has also served as a director and past President of the Board of Canada West Equipment Dealers Association, a trade association serving the farm equipment dealer industry in Western Canada.

Mr. Lacey received his ICD.D designation from the Rotman School of Business in Toronto, Ontario and the Institute of Corporate Directors in 2015.

Peter Lacey commented: "I am excited to join Braveheart as an independent director. Braveheart has acquired two significant past-producing copper projects in Canada. Based on the quality of its assets Braveheart is currently under-valued. My top priority will be to assist management in completion of a restart of the Bull River Mine. I am very familiar with the Bull River project and believe it is one of the most advanced copper projects in Western Canada that can become a copper producer within the near term".

David W. Johnston, Chairman of the Board commented: "I am extremely pleased to welcome Peter Lacey to our Board. Peter has a strong business acumen and is a seasoned executive and director. His diverse industry background will further strengthen the depth of our Board. I want to thank Brian Murray for his guidance and support as a founder of Braveheart. He helped lay the foundation for the Company we have today. We wish Brian all the best in retirement".

The Company is also pleased to announce the release of its consolidated financial results for Q1 2022 ending August 31, 2021. Detailed results and management's discussion and analysis are now available on SEDAR.

Yes the OTC market typically has very low volume. So it is not many of us. Liquidity is a problem. But since I intend to hold longer term not to big a deal but it does to get frustrating knowing how undervalued this is while the market ignore us. For those willing to wait will be rewarded very well. It does get hard waiting and waiting...

Seeker
I’m kind of think, you and I are the only two they follow this company. Hopefully I’m wrong

Some positive price action on NEWS

Nice news today. I continue to think Braveheart is undervalued by 4-5x maybe more.

NEWS: Braveheart Announces Significant Copper and Gold Mineralization at Bull River Mine

We have copper MetaManlll
https://www.newsfilecorp.com/release/98141/

Lassonde loves copper


https://www.kitco.com/news/2021-09-27/Pierre-Lassonde-A-renaissance-is-coming-for-this-asset-demand-will-triple.html

Good forecast for copper demand good news for Braveheart. Hang in there investors. Our day will come.



Rising EV Sales to Boost Long-Term Copper Prices

Jul 15, 2021 | Macro and Industry Research
Highlights

The post-pandemic global economic recovery will be the primary near-term demand driver of copper.

Electric Vehicles (EVs) are expected to be the biggest long-term demand driver. Copper is essential for EV production; approximately 180 lbs of copper is used in an EV.
The International Energy Agency (IEA) forecasts 145M EVs on the road by 2030, up from just 11M in 2020. We are expecting EVs’ share of copper demand to increase from 0.7% in 2020, to 8.8% by 2030.
Global copper demand is expected to rise to 35.4M tonnes by 2030, reflecting a CAGR of 3.53% from 2020 to 2030 vs the historical rate (1960 – 2020) of 2.81%.

Braveheart Resources Announces Financing

Calgary, Alberta--(Newsfile Corp. - June 17, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company) hereby announces a financing consisting of up to 5,000,000 units ("Units"), priced at $0.10 per Unit for proceeds of $500,000 (the "Offering"). 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 $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.

The proceeds from the financing will allow the Company to continue with exploration activities and infrastructure up-grades at its 100% owned Bull River Mine project near Cranbrook, British Columbia.

About Braveheart Resources Inc.

Braveheart is a mining company primarily focused on two near-term copper production assets in Canada. Braveheart's main asset is the 100% owned Bull River Mine project (>85MM lbs of copper) near Cranbrook, British Columbia which has a Mineral Resource containing copper, gold and silver. Braveheart's newest acquisition is the 100% owned Thierry Mine project (>860MM lbs of copper) near Pickle Lake, Ontario which has a Mineral Resource containing copper, nickel, silver, palladium, platinum and gold.

Seeker Thanks
Frustrating is the word. I have also spoken to Ian and think he is on task! Just scratch my head when others can’t see what we see.

They are doing the right things but the market is not rewarding them. That sucks but if you can just hold it will payoff. Frustrating I know. I have over 500K shares so I feel the pain. But am confident it will pay off. Question is when. I communicate with the CEO often. He is as frustrated as we are with the market. This is undervalued by at least 4-5x

Seeker
What the hell is going on here? Been in for 7 figures (shares) since your early postings. Thoughts?

Braveheart Intersects 19.8% Copper over 0.6 Metres at Bull River Mine Project
Potential for expansion of mine life
Calgary, Alberta--(Newsfile Corp. - June 7, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) (FSE: 2ZR) ("Braveheart" or the "Company") is pleased to report that it has intersected high grade copper mineralization at the Bull River Mine project.

H1 2021 Drill Program at Bull River Mine

BRU-21-01intersected 19.79% copper and 98.6 g/t silver over 0.6 metres within a broader intersection of 5.12% copper, 28.6 g/t silver and 0.63 g/t gold over 3.4 metres. This intersection does not represent the true width of the structure.
All four holes that have been drilled to-date as part of the 2021 drilling program have intersected mineralized structures below the current workings of the mine which are only 350 metres below the portal.
The Company has now intersected mineralized structures approximately 550 metres below the portal. To-date assays have been received on only one of the four holes drilled.
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.

Ian Berzins, President and CEO, commented, "We are extremely pleased with the initial results from this year's drill program. Not only have we intersected high-grade copper mineralization below our current workings, but the silver and gold values appear to be increasing at depth relative to our current NI 43-101 Mineral Resource which was completed in January 2019 by Sue Bird of Moose Mountain Minerals."

Qualified person

Braveheart's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Ian Berzins P.Eng., who serves as President, Chief Executive Officer and a director of the Company and is a Qualified Person under the definition of National Instrument 43-101.

About Braveheart Resources Inc.

Braveheart is a Canadian based junior mining company focused on building shareholder value through exploration and development in favourable Canadian mining jurisdictions at or near past-producing properties. Braveheart's main asset is the 100% owned Bull River Mine project near Cranbrook, British Columbia which has a current Mineral Resource containing copper, gold and silver. Braveheart's newest acquisition is the 100% owned Thierry Mine project near Pickle Lake, Ontario containing copper, nickel, silver, palladium, platinum and gold. Braveheart also has an option to purchase the Alpine Gold project near Nelson, British Columbia.

Contact Information
Braveheart Resources Inc.
Ian Berzins
President & Chief Executive Officer
M: +1-403-512-8202
E: iberzins@braveheartresources.com
Website: www.braveheartresources.com

For more investor information, please contact Braveheart at:
Manish Grigo
Director, Corporate Development
M: +1-416-569-3292

Reflection on last NR:

Note Planning 1000 meter drilling
- they already had completed 831 meters
- plan to complete in 2 Qtr.

Should be close to completing this. Looking forward to a NR giving a catalyst for next leg up.



04/29/2021 (MT Newswires) -- Braveheart Resources Inc. ( RIINF
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) plans to resume drilling from underground workings at the Bull River Mine project in B.C., from May 3. 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.

Braveheart 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.