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CLEAN AIR METALS INC - CLRMF STOCK NEWS

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. is an emerging Platinum Group Metals, Copper, and Nickel exploration and development company with a flagship asset, the Thunder Bay North Critical Minerals Project. Located near the City of Thunder Bay, Ontario, the project hosts high-grade platinum, palladium, copper, and nickel deposits. Led by CEO Mike Garbutt and COO Jim Gallagher, the experienced technical team is utilizing an orthomagmatic mineral deposit model for exploration and development studies. Clean Air Metals is focused on strategic initiatives, asset acquisitions, resource expansion plans, and eventually mine development projects to create long-term value for its shareholders.

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Clean Air Metals announced assay results from its 2022 drilling campaign at the Escape PGE-Cu-Ni Deposit in Thunder Bay, Ontario. Notable intersections include 39.0m grading 1.17g/t Platinum and significant Copper and Nickel content from hole ELR22-137. The drilling has confirmed resource continuity, potentially increasing the indicated mineral resource of 8.12 g/t PtEq. The company made a C$1.5 million payment to Panoramic Resources, moving towards full ownership of the project. DRA Americas has been appointed for pre-feasibility studies, with a study expected by Q2 2023.

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Clean Air Metals has appointed Mike Garbutt as the new Chief Operating Officer, effective immediately, enhancing its leadership with his extensive mining and operations experience. Mr. Garbutt, previously Deputy General Manager of a major mine in Ontario, brings significant expertise in mine engineering and operational excellence. The appointment aligns with the company’s commitment to advance the Thunder Bay North Project, which has a projected NPV of C$425 million. Clean Air Metals has also granted 1,000,000 stock options to Mr. Garbutt at $0.22 per share.

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Clean Air Metals Inc. (OTCQB: CLRMF) has released promising drill assay results from the Escape PGE-Cu-Ni Deposit at its Thunder Bay North Project. Highlights include Hole ELR22-129, which showed 90.0m at 1.04g/t Platinum and 1.33g/t Palladium. Other significant results from Holes ELR22-131 and ELR22-133 were also reported. The increased drilling (37,000m) is expected to enhance the Indicated in situ mineral resource of 8.12g/t PtEq. The company aims for an updated mineral resource estimation to support prefeasibility studies. CEO Abraham Drost emphasized the high value of the Escape South HGZ.

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Clean Air Metals has signed an Exploration Agreement with Fort William First Nation, Red Rock Indian Band, and Biinjitiwaabik Zaaging Anishinaabek, effective April 13, 2022. This agreement facilitates mineral exploration in the Thunder Bay North Project area, asserting mutual benefits and respecting Indigenous rights. The project aims to develop critical minerals like platinum and nickel, with sustainability in focus. Clean Air Metals maintains COVID-19 protocols, ensuring safety for its personnel while preparing for future feasibility studies that could enhance regional economic development.

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Clean Air Metals Inc. (OTCQB: CLRMF) has appointed Kris Tuuttila as Director of Sustainability, Permitting and Community Relations, and promoted Dr. Geoff Heggie to VP-Exploration. The company is seeking a COO to advance the Thunder Bay North project, focusing on metallurgical optimization and net-zero emissions. Recently published 'Clean Air Metals Inc. – 2021 ESG Report' showcases a commitment to sustainability. The company is also actively drilling to enhance the PEA mine plan, with a financing of $12.5 million signaling their growth strategy in the mining sector.

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Clean Air Metals Inc. has filed a technical report for the Preliminary Economic Assessment (PEA) of the Thunder Bay North Project. The report, prepared by Nordmin Engineering Ltd., outlines significant changes in the post-tax IRR, now at 25.2%, and a post-tax NPV5 estimated at C$293 million with a payback period of 2.6 years. The project remains situated on the traditional territories of the Fort William First Nation and others. Clean Air Metals continues to commit to respectful relationships with Indigenous communities while advancing its high-grade mineral project in Ontario.

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Clean Air Metals announced new assay results from the 2021 drilling campaign at its Thunder Bay North Project, indicating significant mineralization in the Escape and Current deposits. Notable results include Hole ELR21-083A, which intersected 46.0m grading 19.6 g/t PtEq, suggesting robust continuity of mineralization. The Escape Deposit's ongoing drilling aims to enhance its Indicated resource of 849,481 ounces PtEq. A Preliminary Economic Assessment highlights high-value mining areas, with plans for 10,000m of infill drilling to improve resource estimates.

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Clean Air Metals Inc. (CLRMF) has filed its condensed interim financial statements for the nine-month period ending October 31, 2021. As of that date, total assets were $36,713,683, with cash reserves of $4,597,966 and working capital of $1,909,343. The company continues its diamond drill program focusing on the Thunder Bay North project, which currently hosts a combined mineral resource of 1,834,158 oz PdEq across two deposits. Operating expenses for Q3 were $1,056,915, with a net loss of $43,617.

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Clean Air Metals has announced the completion of a Preliminary Economic Assessment (PEA) for its Thunder Bay North Project, which showcases strong financial metrics. The project holds a pre-tax NPV of $425 million and an after-tax NPV of $378 million, with an internal rate of return (IRR) of 31.1% pre-tax. Expected revenues average $239.8 million annually from mining platinum, palladium, copper, and nickel over a projected 10-year mine life. The capital payback is projected at 2.4 years, with an operating margin of 53%.

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FAQ

What is the current stock price of CLEAN AIR METALS (CLRMF)?

The current stock price of CLEAN AIR METALS (CLRMF) is $0.038 as of December 23, 2024.

What is the market cap of CLEAN AIR METALS (CLRMF)?

The market cap of CLEAN AIR METALS (CLRMF) is approximately 9.5M.

What is Clean Air Metals Inc. focused on?

Clean Air Metals is focusing on exploration and development of Platinum Group Metals, Copper, and Nickel, with its flagship asset being the Thunder Bay North Critical Minerals Project.

Who leads Clean Air Metals Inc.?

Mike Garbutt is the President and Chief Executive Officer (CEO) of Clean Air Metals, bringing over 25 years of experience in mine operations, projects, and engineering.

What mineral deposits does the Thunder Bay North Project host?

The Thunder Bay North Project hosts high-grade platinum, palladium, copper, and nickel deposits in the Current and Escape deposits.

How is Clean Air Metals creating value for its shareholders?

Clean Air Metals is executing strategic initiatives, targeting potential asset acquisitions, planning resource expansion, and exploring mine development projects to create long-term value for its shareholders.

What model is Clean Air Metals using for exploration and development studies?

Clean Air Metals' experienced technical team is using an orthomagmatic mineral deposit model for guiding ongoing exploration and development studies.

Who was the former CEO of Clean Air Metals?

Jim Gallagher was the former CEO of Clean Air Metals, and he is now the Non-executive Chair of the Board of Directors.

CLEAN AIR METALS INC

OTC:CLRMF

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CLRMF Stock Data

9.52M
197.26M
14.6%
3.5%
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