Clean Air Metals Inc. (CKU)
XMUN 
Summary
CKU Chart
Clean Air Metals Starts Winter Drilling at the Current Deposit
THUNDER BAY, ON / ACCESSWIRE / January 7, 2025 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSX.V:AIR)(FRA:CKU)(OTCQB:CLRMF) is pleased to announce that a 2000-metre drilling program at its Thunder Bay North Critical Minerals ("TBN") project (the ‘Project') will commence next week. Twelve holes (Figure 1) are planned to target near-surface high-grade zones at the Current deposit ("Current"), including new targets identified from recent geophysical models (see October 30, 2024 news release).
Clean Air Metals Closes Flow-Through Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES THUNDER BAY, ON / ACCESSWIRE / December 20, 2024 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR)(OTCQB:CLRMF)(FRA:CKU) announces that it has closed a non-brokered private placement (the "FT Private Placement") for gross proceeds of $1,096,080 through the issuance of 18,268,000 common share of the Company that qualifies as a flow-through share (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "FT Shares") at a price of$0.06 per FT Share (the "Offering"). The gross proceeds of the FT Shares will be used to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's projects in Ontario.
Clean Air Metals Files Interim Financial Statements for the Nine Months Ended October 31, 2024
THUNDER BAY, ON / ACCESSWIRE / December 19, 2024 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) announces that it has filed its unaudited consolidated interim financial statements and management's discussion and analysis for the nine-month period ended October 31, 2024, available for viewing on www.sedarplus.ca. Financial Highlights Total assets as at October 31, 2024 of $37,234,144 Total cash as at October 31, 2024 of $3,121,173 Working capital as at October 31, 2024 of $212,518 Shareholder's equity as at October 31, 2024 of $33,555,754 Mike Garbutt, CEO of the Company, commented, "The third quarter marked a period where we activated a drill program to expand on higher grade pods at the Current deposit, and outlined a revised development path for the asset as a high-grade, low tonnage project.
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Clean Air Metals Inc. Profile
| Metals & Mining Industry | Materials Sector | Mike Garbutt CEO | XMUN Exchange | CA18452Y1007 ISIN |
| CA Country | 16 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Clean Air Metals Inc. is a forward-thinking exploration company based in Toronto, Canada, specializing in the discovery, acquisition, exploration, and development of precious and base metal properties across Canada. Originally established under the name Regency Gold Corp., the company underwent a significant rebranding to Clean Air Metals Inc. in April 2020, reflecting a renewed focus on minerals key to sustainable technologies and clean air solutions. Its operations are concentrated on the exploration for platinum, palladium, copper, and nickel deposits, which are critical in various industrial and technological applications. The company prides itself on its flagship Thunder Bay North Critical Minerals Project in Ontario, which encompasses multiple claim blocks spanning tens of thousands of hectares.
Products and Services
- Platinum and Palladium Exploration
- Copper and Nickel Exploration
- Thunder Bay North Critical Minerals Project
Clean Air Metals Inc. is deeply engaged in the exploration of platinum and palladium deposits within its expansive claim blocks in Ontario, Canada. These precious metals are essential for manufacturing catalytic converters, which play a critical role in reducing vehicular emissions and supporting cleaner air initiatives.
In addition to platinum group metals, the company also focuses on the exploration of copper and nickel. Both are fundamental components in the manufacturing of electric vehicle batteries, electronics, and various sustainable energy solutions, aligning with the global shift towards greener technologies.
This flagship project encompasses three main claim blocks: the Thunder Bay North Property, the Escape Lake Property, and the Escape North Property. Together, these cover tens of thousands of hectares of land rich in platinum, palladium, copper, and nickel. The Thunder Bay North Critical Minerals Project is not only a testament to the company’s commitment to exploring and developing mineral resources but also a potential cornerstone for the supply of critical minerals necessary for sustainable technological advancements.
