CLEAN AIR METALS INC - CLRMF STOCK NEWS

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.

Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) has announced a 1,600-metre drilling program at its Thunder Bay North Critical Minerals project. The program, set to begin in early August, will target near-surface high-grade zones within the Current deposit. The company aims to better define lateral continuity and tonnage potential of these zones.

Key findings from a recent technical review suggest that high-grade intersections at TBN have a regular periodicity, potentially related to flow processes similar to alluvial gold deposits. The company believes that tighter drill spacing in these areas could result in increased tonnage and grade.

The drilling program will focus on three shallow, high-grade areas with existing intersections, including one with 5.02 g/t Pt, 4.84 g/t Pd, 1.18% Cu and 0.56% Ni over 51 m. Results will guide future exploration and resource delineation efforts, as well as potential bulk sampling locations.

Clean Air Metals Inc. (TSXV:AIR, FRA:CKU, OTCQB:CLRMF) held its Annual General Meeting on July 29, 2024, where shareholders approved several key matters. The number of directors was set at six, with James Gallagher, Dean Chambers, David Peck, and Mike Garbutt elected as directors for the ensuing year. Manning Elliott LLP was appointed as the Company's Auditor. Notably, Shannin Metatawabin and MaryAnn Crichton were not re-elected as directors, receiving less than majority support. Jim Gallagher, Non-Executive Chair, expressed gratitude for their past contributions and stated that the Board does not plan to fill the remaining director vacancies at this time, given the current skill sets and company size.

Clean Air Metals (TSXV:AIR; FRA:CKU; OTCQB:CLRMF) announced the granting of 2,000,000 incentive stock options to key officers, employees, and consultants. These options are exercisable at $0.055 per share for five years from the grant date, pending regulatory approval. This move is aimed at incentivizing and retaining key personnel within the company.