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Clean Air Metals Provides a Corporate Update Including Payment of $1.5 million to Panoramic Resources and Commencement of Environmental Baseline Data Collection

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THUNDER BAY, ON, May 11, 2021 /PRNewswire/ -
Clean Air Metals Inc. ( Clean Air Metals or the Company ) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce completion of a C$1.5 million installment payment to Panoramic Resources Limited (PAN: ASX) of Australia.
The Company acquired a 100% interest in the Current Lake Pt-Pd-Rh-Cu-Ni magma conduit deposit from Panoramic Resources for C$9 million, with a $4.5 million down payment under a security interest on May 14, 2020 as previously reported. The transaction included the sale of a 100% interest in Canadian subsidiary Panoramic PGMs (Canada) Ltd. directly to Clean Air Metals under the option with Benton Resources Inc. (BEX: TSXV). Panoramic PGMs (Canada) Ltd., now a wholly-owned subsidiary of Clean Air Metals, in turn owns 100% of the Current Lake deposit. Two equal payments totaling C$3 million remain for May, 2022 and May, 2023. The security obligation may be retired in advance by paymen ....

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Clean Air Metals Inc kicks off environmental baseline data collection at its Thunder Bay North Project in Ontario

The company has also wrapped up a $1.5 million instalment payment to Panoramic Resources
In May last year, Clean Air Metals acquired a 100% interest in the Current Lake magma conduit deposit from Panoramic Resources
Clean Air Metals Inc (CVE:AIR) (OTCQB:CLRMF) (FRA:CKU) has announced that, as it continues with a previously announced 45,000-meter diamond drilling campaign, it has started environmental baseline field data gathering in support of permitting for its Thunder Bay North project, a platinum, palladium, copper, nickel project in Ontario.
The company said DST, a division of Englobe Corp and NorthWinds Environmental, has been mandated to report on baseline data for hydrology (surface waters), hydrogeology (subsurface water table), noise, water quality, aquatic biology, wildlife biology, and potential for metals leaching and acid rock drainage. ....

Thunder Bay , United Kingdom , Abraham Drost , Englobe Corp , Blue Coast Research Of British Columbia , Australia Panoramic Resources Limited , Panoramic Pgms Canada Ltd , Thunder Bay North , Northwinds Environmental , Clean Air Metals , Air Metals , Panoramic Resources Limited , Current Lake , Panoramic Resources , Woodlands Heritage Northwest , Escape Lake , Steepledge Lake , Blue Coast Research , British Columbia , Current Lake Deposit , Escape Lake Deposit , இடி வளைகுடா , ஒன்றுபட்டது கிஂக்டம் , நீலம் கடற்கரை ஆராய்ச்சி ஆஃப் பிரிட்டிஷ் கொலம்பியா , இடி வளைகுடா வடக்கு , சுத்தமான அேக உலோகங்கள் ,