Clean Air Metals Stock Price, News & Analysis

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.

Clean Air Metals (CLRMF) has announced final results from its 2025 winter drilling program at the Thunder Bay North Critical Minerals Project, revealing extensive high-grade mineralization at the Current Deposit. Notable findings include intersections of 16.8m grading 2.95 g/t Pt, 2.89 g/t Pd, and 0.65% Cu, with higher-grade sections including 7.8m of 4.86 g/t Pt, 4.77 g/t Pd, and 1.05% Cu.

The program successfully expanded the near-surface, high-grade zones, with eight out of 13 holes intersecting significant widths averaging over 3 g/t Pt+Pd. The Bridge Zone drilling revealed flat-lying high-grade mineralization, while the Lower Current Zone showed concentrated high-grade mineralization in embayment structures resembling 'ballroom' structures similar to Montana's Stillwater Complex.

Notably, the recent high-grade expansion drilling has only covered approximately 20% of the known strike length of the Current Intrusion, suggesting substantial potential for further expansion of high-grade areas.

Clean Air Metals (CLRMF) has announced significant results from its winter drilling program at the Thunder Bay North Critical Minerals Project. The company reported exceptional intersections, notably 41.0 meters grading 13.2 g/t Pt.eq including 10.0 meters with 1.57% Cu and 22.39 g/t Pt.eq in hole CL25-005.

Key highlights include:

• 41.0m of 4.52 g/t Pt, 4.29 g/t Pd, 0.97% Cu and 0.52% Ni from 110m downhole
• 28.0m section grading 5.75 g/t Pt, 5.37 g/t Pd, 1.18% Cu and 0.61% Ni
• 10.0m section with 7.87 g/t Pt, 7.34 g/t Pd, 1.57% Cu and 0.90% Ni

The newly discovered high-grade zone remains open laterally and at depth, resembling the 'Ballroom' structures of the JM Reef in the Stillwater Complex. Results from seven additional holes are pending.

Clean Air Metals (CLRMF) has announced significant results from its ongoing winter drilling program at the Thunder Bay North Critical Minerals Project. The first three holes revealed substantial near-surface, high-grade mineralization at the Current deposit, with notable findings including:

- 21.4m grading 2.71 g/t Pt, 2.41 g/t Pd, 0.53% Cu and 0.28% Ni (7.64 g/t Pt.eq) from 96m downhole in Hole CL25-002
- 49.0m grading 1.57 g/t Pt, 1.46 g/t Pd, 0.32% Cu and 0.21% Ni (4.63 g/t Pt.eq) from 74m downhole in Hole CL25-001

The company has engaged Crone Geophysics for downhole Electromagnetic surveys to enhance targeting of high-grade mineralized subzones. Clean Air Metals is advancing towards an Advanced Exploration Project designation and plans to update its resource assessment, leading to a Preliminary Economic Assessment focused on a high-grade, high-margin development strategy.

Clean Air Metals announces a 2000-metre drilling program at its Thunder Bay North Critical Minerals project, targeting near-surface high-grade zones at the Current deposit. The program involves twelve holes aimed at increasing the number, size, and grade of near-surface high-grade pods.

The Current deposit holds 14.0 Mt of underground mining shape constrained resources averaging 1.31g/t Pt, 1.37g/t Pd, 0.41% Cu, and 0.25% Ni. Previous drilling in summer 2024 showed exceptional results, with highlights including 51.79m of 4.92 g/t Pt and 4.66 g/t Pd from hole CL24-001.

The company will receive up to $200,000 from the Ontario Junior Exploration Program for exploration on the Escape down-plunge target. Clean Air Metals is also preparing to move the project to 'Advanced Exploration' status and has applied to convert some property claims into a mineral lease.

Clean Air Metals (TSXV:AIR)(OTCQB:CLRMF) has closed a non-brokered flow-through private placement raising $1,096,080 through the issuance of 18,268,000 common shares at $0.06 per share. The proceeds will fund Canadian exploration expenses at the company's Ontario projects, with all qualifying expenditures to be renounced to subscribers by December 31, 2024.

Red Cloud Securities acted as finder and will receive $60,544.80 plus 1,009,080 non-transferable warrants exercisable at $0.105 per share for 24 months. An insider participated by subscribing for 200,000 shares. The offering is subject to TSX Venture Exchange final approval.

Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) has released its financial statements for the nine months ended October 31, 2024. Key financial metrics include total assets of $37,234,144, cash position of $3,121,173, working capital of $212,518, and shareholder's equity of $33,555,754.

During the third quarter, the company initiated a drill program focusing on expanding higher-grade pods at the Current deposit. Management has outlined a revised development strategy, repositioning the asset as a high-grade, low tonnage project while maintaining controlled spending. CEO Mike Garbutt expressed confidence in the company's financial position to support project development through 2025.