Clean Air Metals Stock Price, News & Analysis

Clean Air Metals (OTCQB:CLRMF) reported that its 2025 summer drilling confirmed the Escape Deposit continues down-plunge into a previously untested 2.5 km magnetic anomaly. Hole EL25-001 intersected 53 m of PGE-Cu-Ni mineralization from 404 m (0.52 g/t Pt, 0.69 g/t Pd, 0.26% Cu, 0.17% Ni) including higher-grade intervals of 22 m and 11 m. A borehole EM survey detected a strong off-hole conductor, and company plans include infill MT and systematic follow-up drilling to test the full strike. The Escape Deposit currently accounts for ~40% of metal in the project's 14.9 Mt indicated resources and the PEA reports NPV8 of C$219.4M (IRR 39%), rising to C$316M (IRR 52%) at October 8 spot prices.

Clean Air Metals (OTCQB:CLRMF) released a PEA for the Thunder Bay North PGE-Cu-Ni Project on October 9, 2025, showing a pre-tax NPV8 of C$219.4M and after-tax NPV8 of C$157.5M. The study models an 11-year mine life with 2,500 tpd production, initial CAPEX C$89.5M, and a pre-tax IRR of 39% (after-tax 32%). Operating margin is forecast at 45% and payback is 2.5 years from production start. Updated indicated resource totals 14.9 Mt at 2.66 g/t 2PGE, 0.40% Cu, 0.24% Ni. Spot pricing sensitivity raises pre-tax NPV8 to C$316M and pre-tax IRR to 52%.

Clean Air Metals (OTCQB:CLRMF) has released its financial statements for the six months ended July 31, 2025. The company reported total assets of $36.9 million and cash position of $2.48 million. The company faces a working capital deficiency of $1.02 million, with shareholders' equity at $33.34 million.

During the period, Clean Air Metals invested $620,396 in exploration at the TBN project, focusing on the Escape Deposit. The company initiated a drill program and expects assay results in fiscal Q3. Additionally, work has begun on a Preliminary Economic Assessment (PEA) for Thunder Bay North, which will evaluate toll-milling options and focus on higher margin material from the Current and Escape deposits.

Net loss for the six months decreased to $589,533 compared to $2.29 million in the previous year.

Clean Air Metals (OTCQB:CLRMF) has appointed John Mason, D.Sc., P.Geo. as Director of the Company. Mason brings 49 years of experience in mineral exploration and mining in Northern Ontario, with extensive experience in management positions at the Ontario Ministry of Northern Development and Mines and Thunder Bay Community Economic Development Commission.

The company has also granted 500,000 incentive stock options to the new director, exercisable at $0.05 per share for a 5-year period, subject to vesting provisions and regulatory approval.

Clean Air Metals (OTCQB:CLRMF) has announced a significant discovery at its Thunder Bay North project, intersecting over 50 meters of magmatic sulphide mineralization in the Escape ultramafic conduit at 400m depth. The discovery was made through drill hole EL25-001, located 350 meters from the current Escape Deposit limits.

The intersection validates the company's geophysical targeting methodology and opens up 2.5 kilometers of prospective geophysical targets for exploration. The Escape Deposit currently represents about 40% of the project's 14 million tonnes of indicated resources, containing 2.4 million equivalent ounces of platinum.

The company is progressing with a Preliminary Economic Assessment (PEA) and conducting environmental baseline studies for future permitting applications.

Clean Air Metals (OTCQB:CLRMF) held its annual general meeting where shareholders re-elected James Gallagher, Dean Chambers, David Peck, and Mike Garbutt as company directors. The company also reappointed Manning Elliott LLP as its auditor.

Prior to the meeting, the board extended the proxy deposit deadline to 9 a.m. Eastern Time on July 29, 2025, to allow additional shareholders to submit their votes. Additionally, the company granted 2,200,000 incentive stock options to directors, officers, employees, and consultants, exercisable at $0.05 for a 5-year period.

Clean Air Metals (OTCQB:CLRMF) has announced its 2025 summer drilling program at the Thunder Bay North Critical Minerals Project, focusing on testing the Escape Deposit's down-plunge extension. The company will initiate a 900-meter drill hole targeting one of three newly identified 'ballroom-type' coincident magnetic and conductivity anomalies.

The Escape Deposit represents 40% of the total metal content of the project's 14 million tonnes of indicated resources, containing 2.4 million equivalent ounces of platinum. Previous high-grade drilling results showed impressive intersections, including 98.9m grading 1.89g/t Pd, 1.40g/t Pt, 0.69% Cu and 0.35% Ni. The company is also advancing a Preliminary Economic Assessment and increasing baseline environmental monitoring activities.

Clean Air Metals (OTCQB:CLRMF) has released its unaudited consolidated interim financial statements for the three months ended April 30, 2025. The company reported total assets of $37.5 million and cash position of $2.48 million as of April 30, 2025.

During the quarter, the company invested $584,284 in exploration activities at the Thunder Bay North project, focusing on drilling and geophysics at the Current Deposit. The net loss for the period was $223,641, showing improvement from the $863,264 loss in the same period last year. The company maintains a working capital deficiency of $527,130 and shareholders' equity of $33.67 million.

Clean Air Metals (CLRMF) has filed its audited financial statements for the year ended January 31, 2025, reporting total assets of $37.9M and cash position of $3.4M. The company's working capital stands at $184,611 with shareholder's equity of $33.9M. Financial results show reduced losses with net loss decreasing to $3.1M ($0.01 per share) compared to $3.5M ($0.02 per share) in the previous year. Operating expenses also decreased to $3.5M from $3.9M. The company announced its virtual AGM for July 29, 2025, and plans to release a new Preliminary Economic Assessment for its Thunder Bay North Project this fall, with management expressing optimism about PGE market conditions.