THUNDER BAY, ON, Sept. 3, 2020 /CNW/ - Clean Air Metals
Inc. ("Clean Air Metals" or the "Company") (TSXV: AIR) (OTCQB:
CLRMF) is pleased to announce that its common shares
commenced trading recently on the OTCQB Venture Marketplace, a US
trading platform that is operated by the OTC Markets Group
in New York. The Company's common shares now trade on the
OTCQB under the symbol "CLRMF", and will continue to trade
on the TSX Venture Exchange under the symbol "AIR".
The Company also announces the appointment of Renmark Financial
Communications Inc. ("Renmark"), of Montreal and Toronto, to assist with its investor and media
relations activities. In consideration for the services to be
provided, Clean Air Metals will incur up to $8,000 in monthly fees, starting September 1st, 2020 for a period of
six months ending on February
28th, 2021 and monthly thereafter. Renmark will
not have any interest, directly or indirectly, in Clean Air Metals
or its securities, or any right or intent to acquire such an
interest.
"We are very pleased with the appointment of Renmark to help
reinforce Clean Air Metals' profile in the North American
financial community. I know from personal experience how effective
the Renmark team are and look forward to working with them once
again" noted Abraham Drost, CEO
of Clean Air Metals.
The Company also announces a new research partnership with the
Lakehead University geology department
to investigate the mineralized intrusions of the Thunder Bay North
Intrusive Complex, part of the Midcontinent Rift of
North America. Dr. Peter Hollings, Chairman of the Geology
Department, in conjunction with Dr. Derek
Wilton of the Memorial University of
Newfoundland, their students and Clean Air Metals' personnel
will jointly examine the local portion of the nearly
3,000-kilometre-long rift in the earth's surface that forms the
north shore of the Lake Superior
Basin. The research will complement the Company's exploration work
at its Escape Lake and Thunder Bay North deposits.
"This project will contribute significantly to our
understanding of the processes that form high-grade zones within
magmatic nickel, copper and platinum systems and develop
tools that can be applied by Canadian companies to aid in
generating future discoveries," Dr. Hollings added.
Clear Air Metals CEO Abraham
Drost said that "having a Thunder Bay field office helps us to tap into
the knowledge base at Lakehead
University and hire its high quality geology graduates. To
the extent that the upcoming research program could contribute to
new, economic discoveries at the Thunder Bay North property, the
company's cash investment of $150,000
over 3 years plus in-kind contributions, multiplied by the federal
government's NSERC contribution of $300,000 is a vote of confidence in the mineral
potential of the area."
About Clean Air Metals Inc.
Clean Air's flagship asset is the 100% owned, high grade Thunder
Bay North Project, a platinum, palladium, copper, nickel advanced
exploration project located just north of Lake Superior near the City of Thunder Bay, Ontario and the Lac des
Iles Mine owned by Impala Platinum. The Clean Air Metals project
hosts the Current Lake magma conduit and is actively exploring
the Escape Lake magma conduit, a twin structure to Current
Lake as previously reported on August 20,
2020 at
https://cleanairmetals.ca/news-media/news-releases/clean-air-metals-announces-new-step-out-drill-resu-122506/.
The mineralized magma conduits are part of the Thunder Bay North
Intrusive Complex wholly contained on Clean Air's 30,000ha
exploration concessions. Executive Chairman Jim Gallagher and CEO Abraham Drost lead an experienced team of
explorers, researchers and engineers who are using the Norilsk
magma conduit stratigraphic and mineral deposit model to guide
ongoing exploration and development studies. 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 is credited with the
mine turnaround and creation of significant value for
shareholders.
Qualified Person
Mr. Allan MacTavish, P.Geo. a Qualified Person under
National Instrument 43-101 and VP-Project Manager of the Company,
has reviewed and approved all technical information in this press
release.
First Nation Relations
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 Anishnabek, signatories to
the Robinson-Superior Treaty of 1850. Clean Air's wholly-owned
subsidiary Panoramic PGMs (Canada)
Ltd. is a signatory to a Communication Protocol between the
parties.
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. 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 projections.
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SOURCE Clean Air Metals Inc.