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) 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 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.
Clean Air Metals has announced promising results from its Ambient Noise Tomography (ANT) Survey at the Escape deposit. The survey revealed a potential one-kilometer down-plunge extension of the deposit at the Thunder Bay North Project. The Escape intrusion represents 40% of the total metal content of the 14 million tonnes indicated resource, containing 2.4 million equivalent ounces of platinum.
The ANT survey, which uses naturally occurring ambient noise to generate seismic waves, showed significant negative velocity anomalies around the Escape and Current conduits. The company plans to conduct a detailed deep electromagnetic survey next summer to map larger sulphide traps within the mineralized conduit, guiding future drilling phases aimed at identifying new high-grade zones.
Clean Air Metals has announced preliminary results from re-modelling their 2009 VTEM survey at the Thunder Bay North Critical Minerals Project. Using Resistivity Depth Imaging (RDI), the company identified shallow, low-resistivity anomalies at the Current deposit that correlate with known high-grade mineralized pods. The summer 2024 drilling program revealed significant results, including 51.79m grading 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu and 0.55% Ni. The company plans a follow-up drill program before year-end, alongside expanded 3D resistivity modelling across the Current and Escape deposits to map mineralized channels and guide future drilling for potential resource expansion.