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. (CLRMF) generates frequent news flow as it advances the Thunder Bay North Critical Minerals (TBN) project in Northwestern Ontario. Company announcements cover technical milestones at the platinum, palladium, copper and nickel deposits that underpin its exploration and development strategy.
Investors following CLRMF news can expect detailed updates on drilling programs at the Current and Escape deposits, including assay results, confirmation of high-grade zones and step-out drilling into the down-plunge extension of the Escape ultramafic conduit. Releases describe how geophysical surveys, such as magnetotelluric and borehole EM work, are being used to refine targets along a 2.5 km magnetic trend and to evaluate the potential for significant resource expansion.
News items also highlight economic studies and project evaluation work, notably the Preliminary Economic Assessment (PEA) for Thunder Bay North. These updates summarize the conceptual mine plan, toll-milling scenario, operating assumptions and sensitivity to metal prices, providing context for how the company views the project’s development path within the platinum group metals and copper markets.
In addition, Clean Air Metals issues regular corporate and financial disclosures, including interim financial statements, annual general meeting results, board and management changes, and stock option grants. Many releases emphasize the company’s engagement with local First Nations and Métis organizations, ongoing environmental baseline studies and its alignment with Canadian critical minerals priorities. For investors and observers, the CLRMF news page offers a consolidated view of technical, financial and social developments shaping the Thunder Bay North project over time.
Clean Air Metals (OTCQB:CLRMF) outlined 2026 objectives to advance the 100%‑owned Thunder Bay North project after strong 2025 results and higher PGE/copper prices. Using Jan 6, 2026 spot metal prices the project shows a $708M pre‑tax NPV8 and 100% pre‑tax IRR (post‑tax NPV8 $494M, IRR 84%), versus the PEA study pre‑tax NPV8 of $219.4M and IRR 39%. The deposit hosts 14.9Mt indicated @2.66 g/t 2PGE and 2.49Mt inferred @1.62 g/t 2PGE, containing ~1.39 Moz Pt+Pd, 67kt Cu and 41kt Ni. 2026 plans include mill studies, metallurgical testing, access/power design, permitting for ramp/bulk sample, MT survey and follow‑up drilling.
Clean Air Metals (OTCQB:CLRMF) filed unaudited consolidated interim financial statements and MD&A for the nine months ended October 31, 2025 on SEDAR+. Key reported figures include total assets $36,602,553, cash $1,643,422, working capital deficiency $1,746,454, and shareholders' equity $33,030,843.
During the nine months the company spent $1,046,223 on exploration at the TBN project, completed initial step-out drilling with a mineralized intersection 400m beyond known resource, and released a Preliminary Economic Assessment for Thunder Bay North outlining a toll-milling mine plan; the final PEA report is expected early in fiscal Q4.
Clean Air Metals (OTCQB:CLRMF) filed a Preliminary Economic Assessment (PEA) and updated NI 43-101 resource for the Thunder Bay North PGE-Cu-Ni Project on November 24, 2025.
Key PEA metrics: pre-tax NPV8 $219.4M and after-tax NPV $157.5M, project capex $89.5M, pre-tax IRR 39% (after-tax 32%), 2.5-year payback, 11-year mine life at 2,500 tpd, and operating margin 45%. Updated resource: Indicated 14.9M t @ 2.66 g/t 2PGE, 0.40% Cu, 0.24% Ni; Inferred 2.49M t @ 1.62 g/t 2PGE, 0.31% Cu, 0.19% Ni. The PEA assumes toll milling, near-term ramp access, and highlights proximity to Thunder Bay infrastructure and Indigenous engagement.
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.