Braveheart Resources Inc (OTCMKTS:RIINF) Stock In Focus After Recent News

Following the major new announcement from Braveheart Resources Inc (OTCMKTS:RIINF), it could be a good idea for investors to keep an eye on the stock. The company came into the news cycle on Monday after it announced that it had changed its name to Canadian Critical Minerals Inc.

Trading Data

On Friday, RIINF stock fell 3.21% to $0.0513 with 83.63K shares, compared to its average volume 63.60K shares. The stock moved within a range of $0.0513 – 0.0559 after opening trade at $0.0530.

Braveheart Resources Inc. Announces Name Change to Canadian Critical Minerals Inc.

The company further announced that it had got the approval for the name change from the TSX Venture Exchange, its board of directors and also its shareholders. The name change is going to go into effect later on in the week on January 19, 2023 and the stock will start trading under the new ticker symbol CCMI on the TSX Venture Exchange.

The President and Chief Executive Officer of the company Ian Berzins spoke about the latest move as well. He noted that the change of name had been affected in order to better reflect the current focus on the development of past-producing mining properties in the critical minerals sector.

He went on to note that the primary asset of the company was the Bull River Mine project and it was currently in discussions with authorities with regards to the restart of the same. It may be a good time to keep an eye on the stock.

Key Quote

Ian Berzins, President and CEO, commented, “We initiated the name change to better reflect the Company’s current focus on developing its past-producing mining assets in Canada in the battery and critical minerals space. The Bull River Mine project is our most advanced asset and we continue to work with regulatory authorities to restart the mine. The Thierry Mine project is one of the largest known copper deposits in Ontario and is in close proximity to existing infrastructure such as roads, grid power and mining communities. In addition to copper, the Thierry Mine project has other critical minerals including nickel, palladium and platinum.”