Clean Air Metals Announces Results of Annual General Meeting
Clean Air Metals Announces Results of Annual General
Meeting
TORONTO
,
July 22, 2021
/CNW/ -
Clean Air Metals Inc.
("
Clean Air Metals
" or the "
Company
") (TSXV: AIR) is pleased
to announce that the shareholders of the Company approved all matters at its Annual General and Special Meeting held on
July 21, 2021
, as follows:
(i)
the election of Abraham Drost, James Gallagher, Dean Chambers, MaryAnn Crichton and Ewan Downie as directors of the Company for the ensuing year;
(ii)
the approval to amend the articles of the Company to permit the Company to change its registered office location from British Columbia to an address located in Ontario;
(iii)
the appointment of Manning Elliott LLP as Auditor for the Company for the ensuing year; and
(iv)
the approval and confirmation of the Company's new fixed Equity Incentive Plan.
At the post-AGM meeting of the Board of Directors: (i)
Jim Gallagher
was reappointed as Executive Chair of the Board of
Directors.; (ii) Independent Director,
Dean Chambers
, was reappointed as Chair of the Audit Committee; (iii) Independent
Director,
MaryAnn Crichton
, was reappointed as Chair of the Sustainability Committee; and (iv) Independent Director,
Ewan Downie
, was reappointed as Chair of the Compensation Committee. The members of Clean Air Metals' senior
management team including CEO
Abraham Drost
, were also reappointed in their current respective capacities.
COVID Policy
Clean Air Metals has adopted COVID-19 avoidance and personal protection measures for its geological staff, drilling
contractor and service suppliers. Personnel are required to maintain physical distance, use Personal Protective Equipment
(PPE), self-monitor and self-isolate or elect to work from home. Management had previously eliminated plans for a camp
setup to service a planned diamond drill campaign on the Escape Lake Project. The Company is aware of Thunder Bay
Health Unit guidelines that provide for "mandatory" self-isolation for returning overseas travel. The guidelines also "strongly
recommend" self- monitoring and self-isolation as needed after travel into the Northwest region from other areas of the
province and interprovincially. Mineral Exploration and Development has been deemed an essential service in the Province
of
Ontario
(
http://www.netnewsledger.com/2020/03/23/ontario-covid-19-business-allowed-to-remain-open-list-march-23-2020/
).
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 and the issue of Warrants, reported January 28, 2021.
The Company is in discussions with Red Sky Metis Independent Nation and the Metis Nation of
Ontario
concerning their
traditional territories, traditional knowledge and values mapping. Woodland Heritage Northwest, a Metis-owned consultancy
has been retained to conduct archaeological studies on the Thunder Bay North Project and surrounding areas.
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
Clean Air Metals project hosts the Current Lake deposit and magma conduit and the Company is actively exploring the
Escape Lake deposit, a twin structure to the Current Lake deposit. 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. 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.
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 Lake and Current
Lake deposits and timing of technical studies 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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https://www.prnewswire.com/news-releases/clean-air-metals-announces-results-of-annual-general-meeting-301339719.html
SOURCE
Clean Air Metals Inc.
View original content:
http://www.newswire.ca/en/releases/archive/July2021/22/c5671.html
%SEDAR: 00005465E
For further information:
Abraham Drost, Chief Executive Officer of Clean Air Metals Inc., Phone: 807-252-7800, Email:
[email protected], Website: www.cleanairmetals.ca
CO: Clean Air Metals Inc.
CNW 12:55e 22-JUL-21