Clean Air Metals Inc. is pleased to announce new assay results from the drilling campaign at the Escape Lake Deposit currently underway at the Company's Thunder Bay North Project . Highlights include: Hole ELR21-067 intersected a massive sulphide lens grading 41.2 g/t PdEq1 composed of 12.9g/t Palladium , 15.5g/t Platinum , 7.94% Copper , 2.41% Nickel , over 0.2m from 432.2 - 434.4m downhole. This intercept of [...]
Clean Air Metals Inc. announces that it has filed its condensed consolidated interim financial statements and management's discussion and analysis for the three-month period ended April 30, 2021, available for viewing on www.sedar.com. Q1 Financial Highlights Total assets as at April 30, 2021 of $37,914,067 Total cash as at April 30, 2021 of $14,153,852 Working capital as at April 30, 2021 of $10,929,432 Shareholder's [...]
Clean Air Metals Inc. announces that it has filed its audited consolidated financial statements and management's discussion and analysis for the year ended January 31, 2021, available for viewing on www.sedar.com. Year End Financial Highlights Total assets as at January 31, 2021 of $27,146,884 Total cash as at January 31, 2021 of $6,678,356 Working capital as at January 31, 2021 of $5,662,340 Shareholder's equity as at [...]
Clean Air Metals Inc. is pleased to announce new assay results from a series of "in-between" holes in the ongoing drill campaign at the Escape Conduit Trend currently underway with two drills at the Company's Thunder Bay North Project . A total of 30,000m of systematic delineation drilling connecting the Escape South and Steepledge South resource areas is planned for the Escape Lake Deposit in 2021. Highlights include [...]
Clean Air Metals Inc. is pleased to announce completion of a C$1.5 million installment payment to Panoramic Resources Ltd. of Australia. The Company acquired a 100% interest in the Current Lake Pt-Pd-Rh-Cu-Ni magma conduit deposit from Panoramic Resources for C$9 million, with a $4.5 million down payment under a security interest on May 14, 2020 as previously reported. The transaction included the sale of a 100% interest [...]
Clean Air Metals Inc. is pleased to announce new assay results from the drilling campaign at the Escape Lake Deposit currently underway with two drills at the Company's Thunder Bay North Project . A total of 30,000m of systematic delineation drilling connecting the Escape South and Steepledge South resource areas is planned for the Escape Lake Deposit in 2021. Highlights include: Hole ELR20-041 intersected 0.3m of 8.17/t [...]
Clean Air Metals Inc. is very pleased to announce new assay results from the drilling campaign at the Escape Lake Deposit currently underway at the Company's Thunder Bay North Project . Highlights in Table 1 and Figure 1 include: Hole ELR21-041 intersected a massive sulphide horizon grading 7.93g/t Palladium , 6.41g/t Platinum , 4.76% Copper , 2.5% Nickel , 0.151% Cobalt over 0.5m from 337.0 - 337.5m downhole. This [...]
Clean Air Metals Inc. is pleased to announce that, further to its news release dated January 20, 2021, the Company has filed a technical report detailing the Mineral Resource estimate for the Thunder Bay North Project near Thunder Bay, Ontario. The technical report was independently prepared for Clean Air Metals by Nordmin Engineering Ltd. The report, titled "NI 43-101 ONTARIO" has been filed on the Company's profile on [...]
Clean Air Metals Inc. is pleased to announce the commencement of a 40,000m diamond drill program at the Thunder Bay North Project. Following on the successful closing of the recent $11.5M financing , drilling with two drills has recommenced at the Escape Lake deposit. The program is focused on systematic step-outs to add to the Indicated mineral resource of 4,286,220 tonnes grading 3.67 g/t PdEq using a $US 77 cutoff [...]
Clean Air Metals Inc. is pleased to announce that it has closed the previously announced bought deal private placement for total proceeds of approximately $11.5 million , consisting of 11,904,800 flow-through shares at a price of $0.42 per FT Share; and 12,745,100 flow-through units at a price of $0.51 per FT Unit, including the exercise of the underwriters' option. In connection with the Offering, Paradigm Capital Inc [...]
Clean Air Metals Inc. is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters , in connection with a bought deal private placement financing for total proceeds of $10 million, consisting 11,904,800 flow-through shares at a price of $0.42 per FT Share and 9,804,000 flow-through units at a price of $0.51 per FT Unit . Each FT Unit will consist of one [...]
Clean Air Metals Inc. announces the issuance of an aggregate of 3,000,000 common share purchase warrants to Fort William First Nation, Red Rock Indian Band and the Biinjitiwaabik Zaaging Anishinaabek . The issuance of the Warrants was under the terms of a Memorandum of Agreement between the Company and the Participating First nations effective as of January 8, 2021 . The Warrants are being issued as part of the [...]