CLEAN AIR METALS INC - CLRMF STOCK NEWS

Clean Air Metals has appointed Shannin Metatawabin to its Board of Directors, effective immediately. Metatawabin, currently the CEO of the National Aboriginal Capital Corporations Association, has extensive experience in economic development for Indigenous communities. He will provide valuable insights as the company advances its Thunder Bay North project. As part of his appointment, the company granted him 400,000 stock options at $0.265 per share. Clean Air Metals emphasizes its commitment to ESG principles and community engagement in its operations.

Clean Air Metals has announced new assay results from its Thunder Bay North Project, highlighting drilling progress at the Escape and Current deposits. The Escape Deposit has seen expansion drilling of nearly 30,000m, while the Current Deposit holds a well-defined Indicated mineral resource of 1,328,789 PdEq ounces. Notable assay results from recent drilling include significant grades from various holes, with Hole ELR21-085 showing 16.1m grading 4.20g/t PdEq. The company's ongoing metallurgical studies are set to inform a Preliminary Economic Assessment (PEA) planned for release in Q4 2021.

Clean Air Metals Inc. has made a CAD $1 million payment to Rio Tinto Exploration Canada to fulfill a payment requirement for Benton Resources. This is part of a larger CAD $6 million agreement for the Escape Lake Property. Additionally, Clean Air Metals acquired the TBN Property, which includes the Current Lake Deposit, and has committed to CAD $9 million in payments to Magma over three years. The company acknowledges collaboration with local First Nations and recognizes the project's environmental implications.

Clean Air Metals has appointed Dr. Geoff Heggie as the new Exploration Manager, succeeding Allan MacTavish, who will remain as a consultant. Dr. Heggie brings 7 years of experience from the Thunder Bay North Project and contributions from Noront Resources. Recent drilling at the Project revealed impressive assay results, including 21.3m grading 4.80g/t Palladium Equivalents. The company is set to publish a Preliminary Economic Assessment (PEA) in Q4 2021, enhancing its underground mine model based on Current and Escape Lake deposits.

Clean Air Metals has filed its interim financial statements for the six-month period ending July 31, 2021. Key highlights include total assets of $37,696,643, cash of $9,164,586, and working capital of $5,927,070. The company recently closed a $11.5 million private placement and initiated a 30,000 meter diamond drill program at the Thunder Bay North Project. It aims to enhance palladium equivalent resources while also conducting metallurgical studies for a Preliminary Economic Assessment set for Q4 2021.

On September 7, 2021, Clean Air Metals announced positive assay results from its Thunder Bay North Project. Significant findings include Hole ELR21-077, which intersected 76.6m grading 5.67g/t PdEq, featuring high grades of Palladium, Platinum, Copper, and Nickel. The Escape Lake Deposit has expanded and an updated mineral resource is planned for Q1 2022. The Current Lake Deposit shows a well-defined Indicated resource of 1,328,789 PdEq ounces, with a Preliminary Economic Assessment due in Q4. Ongoing metallurgical studies are set to enhance project valuation.

Clean Air Metals Inc. announced promising assay results from its Thunder Bay North Project on Aug. 12, 2021. Key findings include Hole CL21-004 with a 13.0m intersection grading 2.9 g/t PdEq, and Hole ELR21-070 showing 8.0m at 3.3 g/t PdEq. The Current Lake Deposit holds 1,328,789 oz PdEq, while the Escape Lake Deposit features 505,369 oz PdEq, indicating significant mineral resources. A Preliminary Economic Assessment (PEA) is expected by early Q4 2021 based solely on the Current Lake Deposit. The company is also revising its resource estimate for the Escape Lake Deposit in Q1 2022.

On August 3, 2021, Clean Air Metals announced the mobilization of a drill to the Beaver Lake Zone for 2700m of confirmatory infill drilling supporting a Preliminary Economic Assessment (PEA) expected in Q4 2021. The Company has also engaged Generation IACP Inc. for market-making services for six months at $7,500 per month, pending TSX Venture Exchange approval. Clean Air Metals emphasizes adherence to COVID-19 measures for its staff and acknowledges partnerships with local First Nations, enhancing community relations.

Clean Air Metals has announced new assay results from its Escape Lake Deposit at the Thunder Bay North Project, highlighting significant findings from drilling campaigns. Hole ELR21-067 intersected a massive sulphide lens grading 41.2 g/t PdEq with notable metal compositions including 12.9 g/t Pd and 15.5 g/t Pt. Another significant hole, ELR21-041, showed 31.8 g/t PdEq. The mineral resource update shows an indicated resource of 505,369 ounces at 3.67 g/t PdEq. A Preliminary Economic Assessment is expected by Q4 2021, aiming to enhance value for stakeholders.