Clean Air Metals Stock Price, News & Analysis

Clean Air Metals announced a C$1.5 million payment to Panoramic Resources, part of a C$9 million acquisition for the Current Lake deposit. This transaction includes a total of C$3 million in remaining payments due by May 2023. The company is also advancing a 45,000m diamond drilling campaign and has begun environmental baseline data collection for the Thunder Bay North Project, emphasizing its commitment to ESG standards. The Current Lake Deposit boasts an indicated resource of 1,328,789 oz PdEq at an average grade of 3.44 g/t PdEq.

Clean Air Metals reported new assay results from its ongoing drilling campaign at the Escape Lake Deposit in Thunder Bay North. The company plans 30,000 meters of drilling to connect resource areas. Highlights include hole ELR21-041 with significant palladium and copper intersections. The Escape Lake Deposit holds an Indicated mineral resource of 505,369 ounces at 3.67 g/t PdEq, and the Current Lake Deposit has 1,328,789 oz PdEq at 3.44 g/t. Clean Air Metals aims to ramp up exploration efforts based on these findings and favorable geology.

Clean Air Metals announced significant assay results from its Escape Lake Deposit, part of the Thunder Bay North Project. Notable findings include hole ELR21-041, which intersected a massive sulphide horizon with grades of 7.93g/t Palladium, 6.41g/t Platinum, 4.76% Copper, and 2.5% Nickel over 0.5m. The company plans a 30,000m drilling program in 2021, budgeted at $6.6 million, to further delineate the deposit. A notable resource update showed the Escape Lake Deposit has an Indicated resource of 505,369 ounces at 3.67g/t PdEq. Clean Air Metals aims to ramp up exploration efforts based on these promising results.

Clean Air Metals has filed a detailed technical report on the Thunder Bay North Project, showcasing a Mineral Resource estimate prepared by Nordmin Engineering Ltd. The report is in line with previous announcements and is accessible on SEDAR. The project, located near Thunder Bay, Ontario, is significant for its platinum, palladium, copper, and nickel resources. Clean Air Metals aims to advance exploration of the Current Lake and Escape Lake Deposits. The report is dated March 4, 2021, emphasizing the company's commitment to exploring its flagship asset.

Clean Air Metals Inc. (OTCQB: CLRMF) has launched a 40,000m diamond drill program at the Thunder Bay North Project following a successful $11.5M financing. This program aims to expand the Indicated mineral resources at the Escape Lake and Current Lake deposits, with the latter’s resource estimated at 11,999,177 tonnes at 3.44 g/t PdEq. The company is also preparing a Preliminary Economic Assessment for June 2021, focusing on mineral resource numbers and metallurgical testing. Clean Air Metals will be featured at the 2021 Virtual PDAC Conference from March 7-11.

Clean Air Metals (OTCQB: CLRMF) has completed a CAD$1 million payment to Rio Tinto Exploration Canada to maintain its option on the Escape Lake Property. This payment is part of an overall commitment of CAD$6 million for the property, previously partially funded by Benton Resources. The company also finalized the acquisition of Panoramic Resources' subsidiary, Pan PGMs, for CAD$9 million, enhancing its holdings in the Thunder Bay North Project. An ongoing drill program aims to expand mineralization at Escape Lake, which is promising for platinum and palladium resources.

Clean Air Metals announced new assay results from its Thunder Bay North Project, highlighting significant mineralization in the Escape Lake Intrusion. Notable results include Hole ELR20-008, which reported 25.0m of 1.58g/t Platinum, 1.97g/t Palladium, 0.64% Copper, and 0.28% Nickel. The project aims to enhance resource estimates, with current dimensions interpreted at approximately 200m long, 175m wide, and 30m thick. With over C$12 million in funding, the company plans to extend drilling towards historic high-grade intersections.

Clean Air Metals has filed its financial statements for the six months ending July 31, 2020. Key figures include total assets of $27.4 million, cash of $13.7 million, and working capital of $12.1 million. The company generated gross proceeds of $15 million from the issuance of subscription receipts. A net income of $350,425 was reported, compared to a loss of $91,555 in the same period last year. The company also completed acquisitions that enhance its asset base, including the Thunder Bay North property.

Clean Air Metals announces its common shares began trading on the OTCQB under the symbol CLRMF. The company appointed Renmark Financial Communications to enhance investor relations, with fees of up to $8,000 monthly for six months starting September 1, 2020. Additionally, a new research partnership with Lakehead University aims to explore the Thunder Bay North Intrusive Complex, with an investment of $150,000 from Clean Air and $300,000 from the NSERC. This partnership is intended to boost understanding of high-grade mineral zones.