Clean Air Metals Inc.
Welcome to Clean Air Metals Inc.
Company Name: Clean Air Metals Inc.
Stock Symbol: TSXV:AIR
Metals: Platinum, Palladium, Copper, Nickel
Company Category: Exploration
Project Location: Thunder Bay, Ontario, Canada
Company Website: www.cleanairmetals.ca
Corporate profile
Clean Air Metals Inc. is a Canadian based platinum and palladium exploration company focused on advancing its flagship Thunder Bay North project located in the Thunder Bay region of Ontario. Thunder Bay North is an advanced exploration project which hosts a Historic Estimate of 9.8M tonnes of 2.3g/t Platinum Equivalent (PtEq). The company trades on the TSX Venture Exchange under the stock symbol “AIR”.
Investment Highlight Points
- The Company is well financed with C$16 million in the treasury, which includes a recent $6.7 million Flow-Through financing completed in June.
- Eric Sprott is a major shareholder having made a strategic investment of $2 million.
- Initial results from the Phase 1 campaign on the Escape lake Intrusion confirm the high-grade nature of the deposit. Results include 78.9m of 1.66 g/t Platinum and 2.17 g/t Palladium including 20m of 3.23 g/t Platinum and 4.27 g/t Palladium, 1.54% Copper and 0.84% Nickel.
Thunder Bay North Project, Ontario, Canada
The Thunder Bay North project is a high-grade Norilsk-style PGE-Ni-Cu magma conduit system containing pollution-controlling catalytic conversion minerals Platinum and Palladium (1:1 ratio). The deposit also contains the battery metal Nickel, and the lifeline of the EV, Copper.
The Company has an aggressive exploration campaign planned for 2020. The Company recently commenced its Phase 1 drill program of 10,000m which will be supplemented by an additional 10,000m in a Phase 2 program which was announced on June 29, 2020. The 2020 exploration campaign is entirely focused on testing the Escape Lake intrusion which is a parallel structure to the Current Lake Intrusion which hosts a Historic Estimate of 9.8M tonnes of 2.3g/t Platinum Equivalent (PtEq). The Company will look to incorporate all 2020 drill results in an updated 43-101 Resource by Q2/ 2021.
Management
Jim Gallagher, P.Eng. – Executive Chairman
Mr. Gallagher is a seasoned mining executive and Professional Engineer with a 35-year track record of optimizing operational performance, leading successful projects and consulting with global scope. Mr. Gallagher was most recently the President and CEO of North American Palladium Ltd. (“NAP”). During his 6 year tenure at NAP, Mr. Gallagher rebuilt the senior management team, introduced advanced technologies and mining methods at the Lac des Iles Mine and achieved an operational and financial turnaround that made the Lac des Illes Mine one of the largest and lowest cost underground mines in Canada, culminating in the 2019 sale of NAP for $1 billion to Impala Platinum. Prior to NAP, Mr. Gallagher spent 24 years with Falconbridge Inc., in a variety of operational and project management roles and eight years as Global Director of Mining for Hatch, leading one of the largest mining EPCM teams in North America.
Abraham Drost, M.Sc, P.Geo. – CEO & Director
Mr. Drost is a Professional Geoscientist (Ontario) with 35 years of experience and is a former President and Director of Sabina Gold and Silver (SBB:TSX), former President and Director of Sandspring Resources Inc. (SSP:TSXV) and former CEO, Director of Source Exploration Corp. (SOP:TSXV) now Mexican Gold Corp. Mr. Drost is a former Chairman of Premier Gold Mines USA Inc. and the former CEO and founding Director of Premier Royalty Inc. (NSR:TSX), prior to the sale to Sandstorm Gold. He was a former CEO and then Director of Mega Precious Metals Inc. (MGP:TSXV) at the sale to Yamana. Mr. Drost was most recently CEO and Director of Carlisle Goldfields Ltd. (CGJ:TSX) at the sale to Alamos Gold (AGI:TSX). Previously, Mr. Drost was Regional Land Use Geologist with the Ontario Government.
Company Contact:
Abraham Drost
Chief Executive Officer
Ph 807-252-7800
