Welcome to our dedicated page for Clean Air Metals news (Ticker: CLRMF), a resource for investors and traders seeking the latest updates and insights on Clean Air Metals stock.
Clean Air Metals Inc. (CLRMF) delivers platinum group elements and critical minerals through its Thunder Bay North Project in Ontario, Canada. This page aggregates official announcements and verified news about the company's exploration progress, resource development, and environmental stewardship.
Investors and industry observers will find timely updates on drilling results, technical reports, and strategic partnerships. Key coverage areas: high-grade mineralization discoveries, NI 43-101 compliant resource estimates, First Nations collaboration agreements, and advancements in geophysical exploration techniques.
The curated news feed supports informed analysis of CLRMF's position in the green energy supply chain. Track operational milestones through earnings announcements, project permitting updates, and leadership insights. All content is vetted for relevance to the company's phased development strategy and ESG commitments.
Bookmark this page for consolidated access to Clean Air Metals' evolving story in critical mineral exploration. Check regularly for updates on resource expansion efforts and market developments affecting platinum group elements demand.
Clean Air Metals (CLRMF) has announced final results from its 2025 winter drilling program at the Thunder Bay North Critical Minerals Project, revealing extensive high-grade mineralization at the Current Deposit. Notable findings include intersections of 16.8m grading 2.95 g/t Pt, 2.89 g/t Pd, and 0.65% Cu, with higher-grade sections including 7.8m of 4.86 g/t Pt, 4.77 g/t Pd, and 1.05% Cu.
The program successfully expanded the near-surface, high-grade zones, with eight out of 13 holes intersecting significant widths averaging over 3 g/t Pt+Pd. The Bridge Zone drilling revealed flat-lying high-grade mineralization, while the Lower Current Zone showed concentrated high-grade mineralization in embayment structures resembling 'ballroom' structures similar to Montana's Stillwater Complex.
Notably, the recent high-grade expansion drilling has only covered approximately 20% of the known strike length of the Current Intrusion, suggesting substantial potential for further expansion of high-grade areas.
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.
