Canadian Critical Minerals Inc. announced a private placement of 5,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 250,000 on May 8, 2023. Each unit consists of one common share and one common share purchase warrant. which warrant shall be comprised of one-half of one warrant (1/2), with a full warrant exercisable into one common share at an exercise price of CAD 0.075 for a period of two years, and one-half of one warrant, with a full warrant exercisable into one warrant share at an exercise price of CAD 0.10 for a period of two years. The company may issue additional units for total gross proceeds of up to CAD 500,000. The transaction will include participation from new investor, Glenpani Group Limited. The closing of the private placement is expected to occur in the next week. Closing of the private placement is subject to the approval of the TSX Venture Exchange. All securities issued under the private placement are subject to a statutory hold period that expires four months and one day from the closing of the private placement.

On May 8, 2023, the company announced that the transaction has been approved by the TSX Venture Exchange.