Clean Air Metals Inc. is pleased to announce completion of a C$1.5 million installment payment to Panoramic Resources Ltd. of Australia. The Company acquired a 100% interest in the Current Lake Pt-Pd-Rh-Cu-Ni magma conduit deposit from Panoramic Resources for C$9 million, with a $4.5 million down payment under a security interest on May 14, 2020 as previously reported. The transaction included the sale of a 100% interest [...]
Clean Air Metals Inc. is pleased to announce new assay results from the drilling campaign at the Escape Lake Deposit currently underway with two drills at the Company's Thunder Bay North Project . A total of 30,000m of systematic delineation drilling connecting the Escape South and Steepledge South resource areas is planned for the Escape Lake Deposit in 2021. Highlights include: Hole ELR20-041 intersected 0.3m of 8.17/t [...]
Clean Air Metals Inc. is very pleased to announce new assay results from the drilling campaign at the Escape Lake Deposit currently underway at the Company's Thunder Bay North Project . Highlights in Table 1 and Figure 1 include: Hole ELR21-041 intersected a massive sulphide horizon grading 7.93g/t Palladium , 6.41g/t Platinum , 4.76% Copper , 2.5% Nickel , 0.151% Cobalt over 0.5m from 337.0 - 337.5m downhole. This [...]
Clean Air Metals Inc. is pleased to announce that, further to its news release dated January 20, 2021, the Company has filed a technical report detailing the Mineral Resource estimate for the Thunder Bay North Project near Thunder Bay, Ontario. The technical report was independently prepared for Clean Air Metals by Nordmin Engineering Ltd. The report, titled "NI 43-101 ONTARIO" has been filed on the Company's profile on [...]
Clean Air Metals Inc. is pleased to announce the commencement of a 40,000m diamond drill program at the Thunder Bay North Project. Following on the successful closing of the recent $11.5M financing , drilling with two drills has recommenced at the Escape Lake deposit. The program is focused on systematic step-outs to add to the Indicated mineral resource of 4,286,220 tonnes grading 3.67 g/t PdEq using a $US 77 cutoff [...]
Clean Air Metals Inc. is pleased to announce that it has closed the previously announced bought deal private placement for total proceeds of approximately $11.5 million , consisting of 11,904,800 flow-through shares at a price of $0.42 per FT Share; and 12,745,100 flow-through units at a price of $0.51 per FT Unit, including the exercise of the underwriters' option. In connection with the Offering, Paradigm Capital Inc [...]
Clean Air Metals Inc. is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters , in connection with a bought deal private placement financing for total proceeds of $10 million, consisting 11,904,800 flow-through shares at a price of $0.42 per FT Share and 9,804,000 flow-through units at a price of $0.51 per FT Unit . Each FT Unit will consist of one [...]
Clean Air Metals Inc. announces the issuance of an aggregate of 3,000,000 common share purchase warrants to Fort William First Nation, Red Rock Indian Band and the Biinjitiwaabik Zaaging Anishinaabek . The issuance of the Warrants was under the terms of a Memorandum of Agreement between the Company and the Participating First nations effective as of January 8, 2021 . The Warrants are being issued as part of the [...]
Clean Air Metals Inc. is pleased to announce that the Company has released an updated Indicated and Inferred mineral resource estimate prepared in accordance with National Instrument 43-101 for the Company's 100%-owned Thunder Bay North Project which includes both the Current Lake and Escape Lake deposits. The mineral resource estimate was prepared by Nordmin Engineering Ltd. and is based on an underground ramp-access [...]
Clean Air Metals Inc. and Fort William First Nation, Red Rock Indian Band and the Biinjitiwaabik Zaaging Anishinaabek jointly announce that they have advanced their relationship through a signed Memorandum of Agreement effective as of January 8, 2020. Clean Air Metals and its wholly-owned subsidiary, Panoramic PGMs Ltd., are undertaking mineral exploration activities on mining claims located in the Greenwich Lake Area and [...]
Clean Air Metals Inc. announces that it has filed its condensed interim consolidated financial statements and management's discussion and analysis for the nine months ended October 31, 2020, available for viewing on www.sedar.com. Third Quarter Financial Highlights Total assets as at October 31, 2020 of $26,751,246 Total cash as at October 31, 2020 of $9,571,707 Working capital as at October 31, 2020 of $8,033,602 [...]
Clean Air Metals Inc. is pleased to announce that the Company has released its Equity, Diversity and Inclusion Policy, highlighting the Company's commitment to a workplace based on mutual respect, fairness, diversity and inclusion which are fundamental components of Clean Air Metal's core values. The Company recognises that full inclusion of diverse individuals is a competitive advantage by bringing a wide range of [...]