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 Inc. (OTCQB: CLRMF) has appointed Kris Tuuttila as Director of Sustainability, Permitting and Community Relations, and promoted Dr. Geoff Heggie to VP-Exploration. The company is seeking a COO to advance the Thunder Bay North project, focusing on metallurgical optimization and net-zero emissions. Recently published 'Clean Air Metals Inc. – 2021 ESG Report' showcases a commitment to sustainability. The company is also actively drilling to enhance the PEA mine plan, with a financing of $12.5 million signaling their growth strategy in the mining sector.
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Clean Air Metals Inc. has filed a technical report for the Preliminary Economic Assessment (PEA) of the Thunder Bay North Project. The report, prepared by Nordmin Engineering Ltd., outlines significant changes in the post-tax IRR, now at 25.2%, and a post-tax NPV5 estimated at C$293 million with a payback period of 2.6 years. The project remains situated on the traditional territories of the Fort William First Nation and others. Clean Air Metals continues to commit to respectful relationships with Indigenous communities while advancing its high-grade mineral project in Ontario.
Clean Air Metals announced new assay results from the 2021 drilling campaign at its Thunder Bay North Project, indicating significant mineralization in the Escape and Current deposits. Notable results include Hole ELR21-083A, which intersected 46.0m grading 19.6 g/t PtEq, suggesting robust continuity of mineralization. The Escape Deposit's ongoing drilling aims to enhance its Indicated resource of 849,481 ounces PtEq. A Preliminary Economic Assessment highlights high-value mining areas, with plans for 10,000m of infill drilling to improve resource estimates.
Clean Air Metals Inc. (CLRMF) has filed its condensed interim financial statements for the nine-month period ending October 31, 2021. As of that date, total assets were $36,713,683, with cash reserves of $4,597,966 and working capital of $1,909,343. The company continues its diamond drill program focusing on the Thunder Bay North project, which currently hosts a combined mineral resource of 1,834,158 oz PdEq across two deposits. Operating expenses for Q3 were $1,056,915, with a net loss of $43,617.
Clean Air Metals has announced the completion of a Preliminary Economic Assessment (PEA) for its Thunder Bay North Project, which showcases strong financial metrics. The project holds a pre-tax NPV of $425 million and an after-tax NPV of $378 million, with an internal rate of return (IRR) of 31.1% pre-tax. Expected revenues average $239.8 million annually from mining platinum, palladium, copper, and nickel over a projected 10-year mine life. The capital payback is projected at 2.4 years, with an operating margin of 53%.
Clean Air Metals Inc. (OTCQB: CLRMF) has made a final payment of CAD $1 million to Rio Tinto Exploration Canada Inc. to fulfill its obligations under a definitive option agreement with Benton Resources Inc. for the Escape Lake Property. This payment, due by October 2022, was accelerated by Clean Air Metals. Following this, Benton will hold 100% rights to the property, granting Clean Air Metals the option to acquire it under predetermined terms. The company is actively exploring the high-grade Thunder Bay North Project, which includes the Current Lake and Escape Lake deposits.
Clean Air Metals has appointed Shannin Metatawabin to its Board of Directors, effective immediately. Metatawabin, currently the CEO of the National Aboriginal Capital Corporations Association, has extensive experience in economic development for Indigenous communities. He will provide valuable insights as the company advances its Thunder Bay North project. As part of his appointment, the company granted him 400,000 stock options at $0.265 per share. Clean Air Metals emphasizes its commitment to ESG principles and community engagement in its operations.
Clean Air Metals has announced new assay results from its Thunder Bay North Project, highlighting drilling progress at the Escape and Current deposits. The Escape Deposit has seen expansion drilling of nearly 30,000m, while the Current Deposit holds a well-defined Indicated mineral resource of 1,328,789 PdEq ounces. Notable assay results from recent drilling include significant grades from various holes, with Hole ELR21-085 showing 16.1m grading 4.20g/t PdEq. The company's ongoing metallurgical studies are set to inform a Preliminary Economic Assessment (PEA) planned for release in Q4 2021.
Clean Air Metals Inc. has made a CAD $1 million payment to Rio Tinto Exploration Canada to fulfill a payment requirement for Benton Resources. This is part of a larger CAD $6 million agreement for the Escape Lake Property. Additionally, Clean Air Metals acquired the TBN Property, which includes the Current Lake Deposit, and has committed to CAD $9 million in payments to Magma over three years. The company acknowledges collaboration with local First Nations and recognizes the project's environmental implications.