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Clean Air Metals Inc.

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Clean Air Metals Inc.

Investor website: https://cleanairmetals.ca/

About

Clean Air Metals Inc. is focused on the exploration and development of critical mineral projects in Canada, particularly in the Thunder Bay North area. The company aims to advance its projects while maintaining a commitment to sustainability and community relations.

Verified company data

Cash position
$664,328
Mineral resource
Hosts 14.9 million tonnes indicated mineral resource containing 1.274 million ounces of 2 PGE (Pt+Pd), 60,000 tonnes of Cu and 36,000 tonnes of Ni.
Projects
["Thunder Bay North Critical Minerals Project (\"TBN\") - NI 43-101 PEA\n\nFact Sheet - March 2026\n\nProject Highlights\n\n- Hosts 14.9 million tonnes indicated mineral resource containing 1.274 million ounces of 2 PGE (Pt+Pd), 60,000 tonnes of Cu and 36,000 tonnes of Ni.\n- Two deposits; Current and Escape approximately 3km apart, both open at depth.\n- Located 60km southeast of the Lac Des Iles mine owned by Impala Platinum Holdings.\n- Exploration agreement with three traditional territory First Nation Communities.\n- Road accessible and close to infrastructure.\n\nLocation\n\nThe TBN project is situated approximately 50km northeast of the city of Thunder Bay, within the Thunder Bay Mining Division, in Ontario, Canada. The project boasts excellent infrastructure and is accessible using provincial highways and forest access roads which cross overtop both deposits.\n\nOwnership & Claim Block\n\nClean Air Metals has completed the amalgamation of the Thunder Bay North Critical Minerals (TBN) project area and owns 100% of the Property. The TBN project comprises of three historical projects:\n\n- Thunder Bay North Property consists of 300 unpatented claims (1456 cell units) covering an aggregate area of ~29,725ha.\n- Escape Lake Property consists of 20 unpatented claims (20 cell units) with an area of 561.3ha. The property is located 2.1km west-southwest of the Current Lake Deposit and is completely surrounded by TBN claims.\n- Escape North Property consists of 24 unpatented claims (67 cell units) with an area of 1722ha. The property is directly north of and adjacent to the northern boundary of the TBN claims.\n\nThe amalgamation of the Thunder Bay North Critical Minerals project was accomplished through the 2020 execution of a definitive agreement with Benton Resources for the rights to purchase the Thunder Bay North Property from Panoramic Resources Ltd. for C$9 million and the purchase of the Escape Lake Project from Rio Tinto for C$6 million through staged payments. Finalization occurred in December 2022 with last staged payment to Panoramic Resources.\n\nRegional Geology\n\nThe Thunder Bay North Intrusive Complex is part of the 1.1 billion year old Midcontinental Rift (MCR) that was centred on the Lake Superior area. Intrusive and extrusive volcanic activity was extensive in the area leading to many of the landscapes around Thunder Bay and the greater Lake Superior basin. Rift settings are well known to host orthomagmatic mineralization (Ni-Cu-Pt-Pd-Co) with the Noril’sk-Talnakh deposits of Northern Russia the type example. The Lake Superior MCR is no exception with active Ni-Cu-PGE mining occurring at the Eagle Mine in Michigan, and advancing projects at Tamarack, Duluth, Marathon.\n\nProperty Geology\n\nThe TBN project encompasses the Thunder Bay North Intrusive Complex (TBNIC) which comprises a number intrusions of the same age and similar rock types, with a common parental magma source. These include the Current intrusion, Escape Intrusion, Lone Island North, Lone Island South, 025-intrusion and a number of smaller sills and dykes. Platinum, palladium, nickel and copper mineralization or anomalism is identified in all the intrusions with the Current and Escape intrusions being the initial discoveries, primary focus of exploration work and host the 43-101 compliant mineral resources.\n\nExploration History\n\nCurrent Deposit\n\nDiscovery and exploration of the Current Deposit kicked off from 2005 onward when prospectors having discovered PGE mineralized boulders along the shoreline optioned the property to Magma Metals Ltd. Magma optioned the 26 claim Current Lake Property in 2005 and the Beaver Lake claim in 2006 and carried out initial drill programs to test the beneath the mineralized boulders and intersected 11 m of mineralized peridotite grading 2.47 g/t Pt+Pd from 71.5m in the first drill hole (TBND0001). Magma Metals continued exploration on the project till 2012 when it was taken over by Panoramic Resources Limited in June of that year. Between December 2006 and December 2012, Magma/Panoramic drilled 801 core drill holes (185,516m) on the property prior to the property amalgamation by Benton Resources in 2019 and subsequent option to Clean Air Metals.\n\nEscape Deposit\n\nIn 2006, Kennecott who would be acquired by Rio Tinto in 2014 staked a claim which would become the core of the Escape deposit. Kennecott carried out a number of exploration programs comprising geophysics and drilling between 2010 and 2012. These programs yielded impressive drill intercepts highlighted by drill holes 12CL0009 and 11CL0005. High-grade intercepts from these programs included 33.4m at 7.28gpt Pt+Pd+Au and 2.26% Cu+Ni."]
Leadership
Jim Gallagher, P.Eng. (Non-Executive Chair, Professional Mining Engineer with over 35 years of experience in mine operations, projects, and executive management. Former CEO of North American Palladium and Global Director of Mining for Hatch.), Dean Chambers, P.Eng. ICD.D (Independent Director, Professional engineer and financial executive with over 35 years of experience in business, technical, and financial roles. Former Executive Vice President and CFO at Sherritt International Corporation.), Dave Peck (Independent Director, Professional Geoscientist with over 35 years of experience in mineral exploration and project valuations. Former Global Commodity Leader for Nickel at Anglo American plc and Vice President of Exploration for North American Palladium.), John Mason, D.Sc., P.Geo. (Independent Director, Professional geoscientist with 49 years of experience in mineral exploration and mining in Northern Ontario. Former Resident Geologist for Northwestern Ontario and has worked with major exploration projects in the region.)

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