Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) 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 (the “Project“). Highlights in Table 1 and Figure 1 include:
Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters (collectively, the “Underwriters“), in connection with a bought deal private placement financing (the “Offering“) for total proceeds of $10 million, consisting (i) 11,904,800 flow-through shares (“FT Shares“) at a price of $0.42 per FT Share (the “FT Share Issue Price”) and (ii) 9,804,000 flow-through units (the “FT Units, and together with the FT Shares, the “Offered Securities“) at a price of $0.51 per FT Unit (the “FT Unit Issue Price”).
Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) announces the issuance of an aggregate of 3,000,000 common share purchase warrants (the “Warrants“) to Fort William First Nation, Red Rock Indian Band and the Biinjitiwaabik Zaaging Anishinaabek (collectively, the “Participating First Nations“). 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 “Memorandum of Agreement“). The Warrants are being issued as part of the consideration for the Participating First Nations working with the Company on the design, approval and development of the exploration project, the Thunder Bay North Project, and as part of the Company’s accommodation of the Participating First Nations’ interests and rights related to the exploration project. The Warrants were delivered on January 26, 2021 and are subject to a four-month holding period, expiring on May 27, 2021.
First Mining Finance Corp. (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) (“First Mining” or the “Company”) is pleased to announce the positive results of an independent Preliminary Economic Assessment (“PEA”) for its Springpole Gold Project (the “Project”) in northwestern Ontario, Canada. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by SRK Consulting (Canada) Inc. of Vancouver, Canada. The PEA describes the potential technical and economic viability of establishing a conventional open-pit gold mine-and-mill complex for the Project. The base case scenario utilizes long-term metal prices of $1,300 per ounce (“oz”) of gold (“Au”) and $20 per oz of silver (“Ag”).