Tag: TSXV;AIR

Clean Air Metals Announces a PEA of the Current and Escape PGE-Cu-Ni Deposits of the Thunder Bay North Project, with post-tax NPV5 of C$378m, IRR 29.8%

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Figure 1: Proposed Site Plan with Mineable Current and Escape Deposits (CNW Group/Clean Air Metals Inc.)
Figure 1: Proposed Site Plan with Mineable Current and Escape Deposits (CNW Group/Clean Air Metals Inc.)

Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (FRA: CKU) (OTCQB: CLRMF) is pleased to announce results from an independent Preliminary Economic Assessment (PEA) that was completed for its Thunder Bay North Platinum Group Element (PGE) – Copper (Cu) – Nickel (Ni) Project (“Thunder Bay North” or the “Project”) near Thunder Bay, Ontario, Canada. The PEA was prepared by Nordmin Engineering Ltd. (“Nordmin”) of Thunder Bay, Ontario, and includes a new stand-alone milling complex and waste storage facility (WSF) with mill feed from both the Current deposit and the Escape deposit, part of the Thunder Bay North Project Mineral Resource Estimate as amended, that was completed by Nordmin (see press release dated January 20, 2021). All amounts are in CAD dollars, unless otherwise stated. Summary results of the PEA are shown below in Table 1. read more

Grid Metals Corp. Provides Update on Exploration Activities at Bannockburn Nickel and East Bull Lake Palldium Properties

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Grid Metals, GRDM.V

Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to provide a shareholder update for its projects located in Ontario Canada. The drill program at Bannockburn Nickel is completed and the Company is awaiting assay results from the remaining seven drill holes submitted for assay. At the East Bull Lake Palladium Property first results from a sampling program over new prospective drill target areas are now pending with select samples expected in early August. At East Bull seven target areas are being field investigated in the summer field program which will assist in targeting for the upcoming phase of drilling. read more

Clean Air Metals reports new Assays from Escape Deposit and commences additional 15,000m drill program to target Norilsk-style Massive Sulfides

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Figure 1: 2021 Drill Hole Intercepts in the Escape Lake Deposit Area (CNW Group/Clean Air Metals Inc.)

Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce new assay results (Table 1) from the drilling campaign at the Escape Lake Deposit currently underway with two drills at the Company’s Thunder Bay North Project (the “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. read more

Clean Air Metals hits Norilsk-style Nickel-Copper Massive Sulfides, 350m North of Escape South High Grade Zone

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Figure 1 – 2021 Drill Hole Intercepts in the Escape Lake Deposit Area (CNW Group/Clean Air Metals Inc.)

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: read more

Clean Air Metals Files Mineral Resource Technical Report for the Thunder Bay North Property on SEDAR

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Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) 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. read more

Clean Air Metals Provides a Corporate Update Including 40,000m of Drilling at Thunder Bay North Project and Virtual Core Shack at PDAC

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Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce the commencement of a 40,000m diamond drill program at the Thunder Bay North Project. read more

Clean Air Metals Announces $10 Million Bought Deal Private Placement

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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”). read more

Clean Air Metals Issues Warrants to First Nation Partners under a Memorandum of Agreement

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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. read more

Clean Air Metals Announces a Mineral Resource for the Thunder Bay North Project including a total Indicated Resource of 16,285,396 tonnes at an average grade of 3.5 g/t PdEq containing 1,834,158 ounces PdEq and a total Inferred Resource of 9,852,138 tonnes at an average grade of 2.1 g/t PdEq containing 663,660 ounces PdEq

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Figure 1: Thunder Bay North Project Plan View (CNW Group/Clean Air Metals Inc.)

Clean Air Metals Inc. (“Clean Air Metals” or the “Company“) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce that the Company has released an updated Indicated and Inferred mineral resource estimate prepared in accordance with National Instrument 43-101 (“NI 43-101″) for the Company’s 100%-owned Thunder Bay North Project (the “Project“) which includes both the Current Lake and Escape Lake deposits. read more