Clean Air Metals, Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Mike Garbutt
- Full Time Employees
- 16
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 100 King Street West Thunder Bay ON Canada M5X-1A4
- IPO Date
- May 31, 1994
- Website
- cleanairmetals.ca
- Similar Companies
- Business
- Clean Air Metals Inc. is a Canadian-based platinum group metals exploration and development company focused on advancing its 100% owned Thunder Bay North Critical Minerals Project located near Thunder Bay, Ontario. The company primarily explores and develops platinum, palladium, copper, and nickel deposits through its flagship Thunder Bay North property, comprising 219 unpatented mining claims covering approximately 40,816 hectares; the Escape Lake property, covering 220 hectares; and the Escape North property, consisting of 24 unpatented claims spanning 1,722 hectares, all in Ontario, Canada. Clean Air Metals targets critical minerals essential for low-carbon technologies and air pollution reduction, operating exclusively in Canada with a focus on high-grade, near-surface deposits amenable to underground mining and toll milling. The company offers exploration services including drilling, resource delineation, and preliminary economic assessments, with no current production but active advancement toward feasibility studies and permitting. Its core assets emphasize platinum group elements (PGEs), nickel, and copper mineralization, supported by baseline environmental studies and proximity to infrastructure such as highways, power, and regional milling facilities like the Lac des Iles mine. Founded in 2000 as Regency Gold Corp. and renamed Clean Air Metals Inc. in April 2020 following a reverse takeover and key property acquisitions, the company is headquartered in Thunder Bay, Ontario, with additional offices in Toronto. In recent developments, Clean Air Metals released a Preliminary Economic Assessment (PEA) in October 2025 for the Thunder Bay North Project, delivering a pre-tax net present value of C$219.4 million at an 8% discount rate, 39% internal rate of return, and 2.5-year payback on C$89.5 million capital costs, based on 2,500 tonnes per day underground mining and toll milling; it filed the supporting technical report on November 24, 2025. The company confirmed down-plunge extensions at the Escape deposit through 2025 drilling programs, enhancing resource potential along a 2.5 km magnetic trend, and appointed John Mason as a director in September 2025 while completing a flow-through financing in December 2024 raising C$1.1 million and receiving prior royalty financing from Triple Flag Precious Metals Corp.. Clean Air Metals continues to explore strategic processing options amid regional mill changes and maintains positive Indigenous community relations for project participation.
Company News
Clean Air Metals and Fiore-Backed Springbok Ventures Announce Conditional Acceptance of Proposed Transaction
Clean Air Metals and Fiore-Backed Springbok Ventures Announce Conditional Acceptance of Proposed Transaction
Clean Air Metals Announces Closing Non-Brokered Private Placement of Flow-Through Shares
Clean Air Metals Announces Non-Brokered Private Placement of Flow-Through Shares
Clean Air Metals and Fiore-Backed Springbok Ventures Announce Update on Proposed Transaction and Resumption of Trading of Clean Air Metals
Clean Air Metals and Fiore-Backed Springbok Ventures Announce Update on Proposed Transaction and Resumption of Trading of Clean Air Metals
Clean Air Metals Files Interim Financial Statements for the Six Months Ended July 31, 2026
Clean Air Metals and Fiore-backed Springbok Ventures Announce Closing of Non-Brokered Private Placement and Transaction Updates
Clean Air Metals and Fiore-Backed Springbok Ventures Announce Upsize of Non-Brokered Private Placement to C$6.2 Million
Presenting on Emerging Growth Conference 95 Day 2 on August 20; Register to live stream
Clean Air Metals and Fiore-backed Springbok Ventures Announce Upsize of Non-Brokered Private Placement
Clean Air Metals and Fiore-Backed Springbok Ventures Announce Strategic Business Combination
Clean Air Metals and Fiore-Backed Springbok Ventures Announce Strategic Business Combination
Clean Air Metals Files Interim Financial Statements for the Three Months Ended April 30, 2026
Clean Air Metals Files Audited Annual Financial Statements for the Year Ended January 31, 2026
Clean Air Metals Announces Management Changes
Clean Air Metals Receives Provincial Funding and Provides Update on the Thunder Bay North Project
Clean Air Metals Announces 2026 Strategic Objectives in Historically Strong PGE and Copper Markets
Clean Air Metals Files Interim Financial Statements for the Nine Months Ended October 31, 2025
Clean Air Metals Files PEA Technical Report for the Thunder Bay North Critical Minerals Project