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About Clean Air Metals Inc. (Symbol: CLRMF)
Clean Air Metals Inc. is a Canadian-based development and exploration company dedicated to advancing its flagship asset, the Thunder Bay North (TBN) Critical Minerals Project, located approximately 40 kilometers northeast of Thunder Bay, Ontario. The TBN project is strategically positioned in a mining-friendly jurisdiction and boasts proximity to established infrastructure, making it a highly accessible site for exploration and development activities.
Core Operations and Resource Potential
The Thunder Bay North project consists of two primary deposits, the Current and Escape deposits, which are only 2.5 kilometers apart. Together, these deposits host an indicated mineral resource of 13.8 million tonnes containing 2.4 million platinum equivalent (Pt eq.) ounces, as per a 2023 NI 43-101 technical report. This makes the TBN project one of the rare primary platinum resources outside of South Africa, with significant associated copper and nickel mineralization. The deposits also hold substantial potential for resource expansion, particularly in down-plunge areas.
Strategic Focus: High-Grade, Low-Tonnage Mining
Clean Air Metals employs a high-grade, low-tonnage mining strategy designed to maximize margins and minimize capital expenditure. Recent drilling programs have focused on delineating and expanding high-grade pods within the Current deposit, yielding exceptional assay results that underscore the project's economic viability. The company is also leveraging advanced geophysical modeling, including resistivity-depth imaging, to identify new high-grade targets and refine its exploration efforts further.
Commitment to ESG and Indigenous Collaboration
Clean Air Metals is deeply committed to environmental, social, and governance (ESG) principles. The TBN project is located within the traditional territories of several First Nations and Métis communities, and the company actively fosters respectful and collaborative relationships with these groups. This includes acknowledgment of Indigenous heritage and a commitment to reconciliation through mutual trust, respect, and collaboration.
Industry Significance and Market Position
The company's focus on platinum group elements (PGEs) and associated critical minerals positions it as a key player in the global energy transition. PGEs are essential for catalytic converters, hydrogen fuel cells, and other green energy technologies, while copper and nickel are critical for electrification and battery production. Operating in a stable jurisdiction with a proven technical team, Clean Air Metals is well-poised to capitalize on the growing demand for these critical resources.
Technical Expertise and Future Development
Led by a team of seasoned mining professionals, Clean Air Metals is advancing its project through a phased approach that includes resource expansion, advanced exploration permitting, and potential bulk sampling. The company has also secured funding from the Ontario Junior Exploration Program to further its exploration initiatives. Future plans include a Preliminary Economic Assessment (PEA) to outline a high-grade, high-margin development strategy for the TBN project.
Competitive Advantages
- Rare Resource Base: One of the few primary platinum resources outside South Africa.
- Strategic Location: Proximity to infrastructure and operations in a mining-friendly jurisdiction.
- Technical Innovation: Use of advanced geophysical tools to optimize exploration.
- ESG Commitment: Strong relationships with Indigenous communities and adherence to sustainable practices.
Conclusion
Clean Air Metals Inc. is a forward-thinking exploration company uniquely positioned to meet the rising demand for critical minerals essential to the global energy transition. With its high-grade, low-tonnage mining strategy, commitment to ESG principles, and focus on technical excellence, the company offers significant long-term value potential for stakeholders.
Clean Air Metals (CLRMF) has announced significant results from its winter drilling program at the Thunder Bay North Critical Minerals Project. The company reported exceptional intersections, notably 41.0 meters grading 13.2 g/t Pt.eq including 10.0 meters with 1.57% Cu and 22.39 g/t Pt.eq in hole CL25-005.
Key highlights include:
- 41.0m of 4.52 g/t Pt, 4.29 g/t Pd, 0.97% Cu and 0.52% Ni from 110m downhole
- 28.0m section grading 5.75 g/t Pt, 5.37 g/t Pd, 1.18% Cu and 0.61% Ni
- 10.0m section with 7.87 g/t Pt, 7.34 g/t Pd, 1.57% Cu and 0.90% Ni
The newly discovered high-grade zone remains open laterally and at depth, resembling the 'Ballroom' structures of the JM Reef in the Stillwater Complex. Results from seven additional holes are pending.
Clean Air Metals (CLRMF) has announced significant results from its ongoing winter drilling program at the Thunder Bay North Critical Minerals Project. The first three holes revealed substantial near-surface, high-grade mineralization at the Current deposit, with notable findings including:
- 21.4m grading 2.71 g/t Pt, 2.41 g/t Pd, 0.53% Cu and 0.28% Ni (7.64 g/t Pt.eq) from 96m downhole in Hole CL25-002
- 49.0m grading 1.57 g/t Pt, 1.46 g/t Pd, 0.32% Cu and 0.21% Ni (4.63 g/t Pt.eq) from 74m downhole in Hole CL25-001
The company has engaged Crone Geophysics for downhole Electromagnetic surveys to enhance targeting of high-grade mineralized subzones. Clean Air Metals is advancing towards an Advanced Exploration Project designation and plans to update its resource assessment, leading to a Preliminary Economic Assessment focused on a high-grade, high-margin development strategy.
Clean Air Metals announces a 2000-metre drilling program at its Thunder Bay North Critical Minerals project, targeting near-surface high-grade zones at the Current deposit. The program involves twelve holes aimed at increasing the number, size, and grade of near-surface high-grade pods.
The Current deposit holds 14.0 Mt of underground mining shape constrained resources averaging 1.31g/t Pt, 1.37g/t Pd, 0.41% Cu, and 0.25% Ni. Previous drilling in summer 2024 showed exceptional results, with highlights including 51.79m of 4.92 g/t Pt and 4.66 g/t Pd from hole CL24-001.
The company will receive up to $200,000 from the Ontario Junior Exploration Program for exploration on the Escape down-plunge target. Clean Air Metals is also preparing to move the project to 'Advanced Exploration' status and has applied to convert some property claims into a mineral lease.
Clean Air Metals (TSXV:AIR)(OTCQB:CLRMF) has closed a non-brokered flow-through private placement raising $1,096,080 through the issuance of 18,268,000 common shares at $0.06 per share. The proceeds will fund Canadian exploration expenses at the company's Ontario projects, with all qualifying expenditures to be renounced to subscribers by December 31, 2024.
Red Cloud Securities acted as finder and will receive $60,544.80 plus 1,009,080 non-transferable warrants exercisable at $0.105 per share for 24 months. An insider participated by subscribing for 200,000 shares. The offering is subject to TSX Venture Exchange final approval.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) has released its financial statements for the nine months ended October 31, 2024. Key financial metrics include total assets of $37,234,144, cash position of $3,121,173, working capital of $212,518, and shareholder's equity of $33,555,754.
During the third quarter, the company initiated a drill program focusing on expanding higher-grade pods at the Current deposit. Management has outlined a revised development strategy, repositioning the asset as a high-grade, low tonnage project while maintaining controlled spending. CEO Mike Garbutt expressed confidence in the company's financial position to support project development through 2025.
Clean Air Metals has announced promising results from its Ambient Noise Tomography (ANT) Survey at the Escape deposit. The survey revealed a potential one-kilometer down-plunge extension of the deposit at the Thunder Bay North Project. The Escape intrusion represents 40% of the total metal content of the 14 million tonnes indicated resource, containing 2.4 million equivalent ounces of platinum.
The ANT survey, which uses naturally occurring ambient noise to generate seismic waves, showed significant negative velocity anomalies around the Escape and Current conduits. The company plans to conduct a detailed deep electromagnetic survey next summer to map larger sulphide traps within the mineralized conduit, guiding future drilling phases aimed at identifying new high-grade zones.
Clean Air Metals has announced preliminary results from re-modelling their 2009 VTEM survey at the Thunder Bay North Critical Minerals Project. Using Resistivity Depth Imaging (RDI), the company identified shallow, low-resistivity anomalies at the Current deposit that correlate with known high-grade mineralized pods. The summer 2024 drilling program revealed significant results, including 51.79m grading 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu and 0.55% Ni. The company plans a follow-up drill program before year-end, alongside expanded 3D resistivity modelling across the Current and Escape deposits to map mineralized channels and guide future drilling for potential resource expansion.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) has announced high-grade drilling results from its Thunder Bay North Critical Minerals Project. Key highlights include:
- 50.7 m of 4.52 g/t Pt, 4.38 g/t Pd, 0.99% Cu and 0.53% Ni in Hole CL24-010
- 38.4 m of 3.38g/t Pt, 3.26g/t Pd, 0.72% Cu and 0.45% Ni in Hole CL24-005
- 23.3 m of 4.54 g/t Pt, 4.23 g/t Pd, 1.11% Cu and 0.60% Ni in Hole CL24-008
The results confirm high-grade mineralization extends beyond the current resource model. The company believes these findings support a more robust, low-tonnage high-grade production model. Clean Air Metals is developing a follow-up exploration program to discover new high-grade zones and support an independent resource estimate of the highest-grade domains in both the Current and Escape deposits.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) has filed its unaudited consolidated interim financial statements for the six-month period ended July 31, 2024. Key financial highlights include:
- Total assets: $37,635,700
- Total cash: $4,194,919
- Working capital: $922,959
- Shareholder's equity: $33,677,958
CEO Mike Garbutt expressed confidence in the company's financial position for project development activities through the end of 2025. The company reported a net loss of $2,289,228 for the six months ended July 31, 2024, compared to $1,908,304 for the same period in 2023. Operating expenses increased to $2,300,444 from $2,073,693 year-over-year. Clean Air Metals anticipates further results from its late summer drill program.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) has announced impressive assay results from its Thunder Bay North Critical Minerals Project. Highlights include:
• Hole CL24-001: 51.79 m of 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu and 0.55% Ni
• Hole CL24-003: 31.40 m of 4.22g/t Pt, 4.04g/t Pd, 0.95% Cu and 0.56% Ni
These results expand near-surface high-grade mineralization beyond previous resource models. The company aims to improve project economics by defining high-value mineralization within the Current and Escape deposits. CEO Mike Garbutt expressed enthusiasm about the exceptional grades, mineable widths, and near-surface location supporting future development. The drilling program targets near-surface, high-grade zones to improve continuity and total mineral resources.
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