Clean AIR Metals Provides a Corporate Update Including New OTCQB Listing, Appointment of Renmark Financial Communications Inc. and Research Partnership with Lakehead University
CLEAN AIR METALS PROVIDES A CORPORATE UPDATE INCLUDING
NEW OTCQB LISTING, APPOINTMENT OF RENMARK FINANCIAL
COMMUNICATIONS INC. AND RESEARCH PARTNERSHIP
WITH LAKEHEAD UNIVERSITY
Thunder Bay, ON, September 3, 2020 – Clean Air Metals Inc. (“Clean Air
Metals” or the “Company”) (TSX.V: 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 Meta ls will incur up to $8,000 in monthly fees , starting
September 1st, 2020 for a period of six months ending on February 28 th, 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 porti on 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 cont ribute 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 r esearch 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 Dros t 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 t he
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.
For further information, please contact:
Abraham Drost, Chief Executive Officer of Clean Air Metals Inc.
Phone: 807-252-7800
Email: [email protected]
Website: www.cleanairmetals.ca
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 produc tion 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 mater ialize, 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-lookin g 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 material ly from the Company's expectations or projections.