Clean Air Metals Grants Stock Options

Rhea-AI Summary

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.

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THUNDER BAY, ON / ACCESSWIRE / July 9, 2024 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) announces that it has granted an aggregate of 2,000,000 incentive stock options to certain officers, employees and consultants of the Company, subject to regulatory approval. The stock options are exercisable at $0.055 for a period of 5 years from the grant date and subject to vesting terms.

About Clean Air Metals
Clean Air Metals is a development and exploration company advancing its flagship, 100% owned Thunder Bay North Critical Minerals ("TBN") project, 40 km northeast of Thunder Bay, Ontario. The TBN project, accessible by road and next to established infrastructure, hosts two (2) deposits - the Current and Escape deposits, only 2.5 km apart. Together, the deposits host a 13.8 Mt indicated mineral resource containing 2.4M Pt eq. oz (Technical Report on the Thunder Bay North Project, Ontario Canada, NI43-101, SLR Consulting Canada Ltd, June 19, 2023) with significant potential for expansion down-plunge.

One of the rare primary platinum resources outside of South Africa, the TBN project is in a stable and mining-friendly jurisdiction and benefits from longstanding relationships with local First Nations. With its proven technical team, Clean Air Metals is committed to growing the resources at the TBN project and creating long-term value for shareholders.

Social Engagement
Clean Air Metals Inc. acknowledges that the Thunder Bay North Critical Minerals Project is located within the area encompassed by the Robinson-Superior Treaty of 1850, and includes the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals also acknowledges the contributions of the Métis Nation of Ontario, Region 2 and the Red Sky Métis Independent Nation to the rich history of our area. 

The Company appreciates the opportunity to work in these territories and remains committed to the recognition and respect of those who have lived, traveled, and gathered on the lands since time immemorial. Clean Air Metals is committed to stewarding Indigenous heritage and remains committed to building, fostering and encouraging a respectful relationship with First Nations, Métis and Inuit peoples based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation.

ON BEHALF OF THE BOARD OF DIRECTORS

"Mike Garbutt"

Mike Garbutt, CEO of Clean Air Metals Inc.

Connect with us on X/ Facebook/ Instagram.

Visit www.cleanairmetals.ca for more information or contact:

Mia Boiridy
Director of Communications and Investor Relations
250-575-3305
mboiridy@cleanairmetals.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Clean Air Metals, Inc.

View the original press release on accesswire.com

FAQ

What did Clean Air Metals announce on July 9, 2024?

Clean Air Metals announced the granting of 2,000,000 incentive stock options to officers, employees, and consultants.

What is the exercise price of the Clean Air Metals stock options?

The exercise price of the Clean Air Metals stock options is $0.055 per share.

How long are the Clean Air Metals stock options exercisable?

The stock options are exercisable for a period of 5 years from the grant date.

Are the stock options granted by Clean Air Metals subject to regulatory approval?

Yes, the stock options granted by Clean Air Metals are subject to regulatory approval.

What is the stock symbol for Clean Air Metals on the OTCQB market?

The stock symbol for Clean Air Metals on the OTCQB market is CLRMF.