THUNDER BAY, ON, Jan. 27, 2022 /CNW/ - Clean Air Metals Inc.
("Clean Air Metals" or the "Company") (TSXV: AIR) (OTCQB: CLRMF)
(FRA: CKU) is pleased to announce the conclusion of a comprehensive
review of Environmental, Social and Governance (ESG) factors
related to its mining exploration and development operations at its
Thunder Bay North Project, Ontario,
Canada.
The ESG report was prepared from data provided by Clean Air
Metals to Onyen Corporation, using Onyen's innovative software
solution and on-line ESG Platform. The report, titled "Clean Air
Metals Inc. – 2021 ESG Report" has been filed on the Clean Air
Metals' website at www.cleanairmetals.ca at
https://onyen.com/published/CAM_2021_Annual_597.html.
The Company also announces the resignation of Mr. Carson Phillips, M.Eng. as VP Corporate
Development effective January 31,
2022 to pursue other business interests. Carson will remain
a Consultant to the Corporation.
Clean Air Metals CEO Abraham
Drost, stated that "the publication of the Onyen online
ESG report is a watershed moment for Clean Air Metals. The Company
has a strong policy-driven pursuit of excellence driven by its
Board of Directors. The unique on-line platform of Onyen
Corporation has established baseline ESG performance of the Company
pursuant to economic, environmental and social charters,
principles, or other initiatives to which the Company subscribes,
or which it endorses, such as PDAC e3-Plus and the UN Global
Compact.
We also extend our best wishes to Carson
Phillips and wish him all success personally and
professionally in his new ventures. Carson has made a solid
contribution to the startup of the Company which is very much
appreciated."
For more information about Onyen Corporation, visit
http://www.onyen.com/.
About Clean Air Metals Inc.
Clean Air Metals' flagship
asset is the 100% owned, high grade Thunder Bay North Project, a
platinum, palladium, copper, nickel project located near
the City of Thunder Bay, Ontario and the Lac des
Iles Mine owned by Impala Platinum. The Thunder Bay North Project
hosts twin magma conduit bodies hosting the Current and Escape
deposits, forming the basis for a positive preliminary economic
assessment (PEA) around a ramp access underground mine
effective December 1, 2021.
Executive Chairman Jim Gallagher and CEO Abraham
Drost lead an experienced team of geologists and engineers who
are using the Norilsk magma conduit stratigraphic and mineral
deposit model to guide ongoing exploration and development studies
at Thunder Bay North. As the former CEO of North American Palladium
Ltd. which owned the Lac des Iles Mine prior to the sale to Impala
Platinum in December 2019, Jim Gallagher and team
are credited with the mine turnaround and creation of significant
value for shareholders.
Social Engagement
Clean Air Metals Inc. and its
wholly-owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge that the Thunder Bay
North Project is on the traditional territories of the Fort William
First Nation, Red Rock First Nation and Biinjitiwabik
Zaaging Anishinabek. The parties together are the Cooperating
Participants in a Memorandum of Agreement dated January 9,
2021.
The Company appreciates the opportunity to work in these
territories and remains committed to the recognition and respect of
those who have lived, traveled, and gathered on the lands since
time immemorial. Clean Air Metals is committed to stewarding
Indigenous heritage and remains committed to building, fostering
and encouraging a respectful relationship with First Nations,
Métis, and Inuit peoples based upon principles of mutual trust,
respect, reciprocity and collaboration in the spirit of
reconciliation.
ON BEHALF OF THE BOARD OF DIRECTORS
"Abraham Drost"
Abraham Drost, Chief Executive
Officer of Clean Air Metals Inc.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note
The information contained herein
contains "forward-looking statements" within the meaning of
applicable securities legislation, including statements regarding
the potential of the Thunder Bay North Project and the Escape and
Current deposits and timing of technical studies (include the
preliminary economic assessment) and mineral resource estimates.
Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and
estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not
statements of historical fact and may be "forward-looking
statements." Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ from those reflected in the forward-looking statements,
including, without limitation: political and regulatory risks
associated with mining and exploration; risks related to the
maintenance of stock exchange listings; risks related to
environmental regulation and liability; the potential for delays in
exploration or development activities or the completion of
feasibility studies; the uncertainty of profitability; risks and
uncertainties relating to the interpretation of drill results, the
geology, grade and continuity of mineral deposits; risks related to
the inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses; results of
prefeasibility and feasibility studies, and the possibility that
future exploration, development or mining results will not be
consistent with the Company's expectations; risks related to
commodity price fluctuations; and other risks and uncertainties
related to the Company's prospects, properties and business
detailed elsewhere in the Company's disclosure record. Should one
or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward-looking statements are
made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or
circumstances, except in accordance with applicable securities
laws. Actual events or results could differ materially from the
Company's expectations or projection.
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SOURCE Clean Air Metals Inc.