Clean Air Metals to Drill the Escape Deposit Down-Plunge Target
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Clean Air Metals to Drill the Escape Deposit
Down-Plunge Target
Thunder Bay, ON, July 22, 2025 – Clean Air Metals Inc. (“Clean Air Metals” or the
“Company”) (TSX.V: AIR; FRA: CKU; OTCQB: CLRMF) is pleased to announce its
upcoming 2025 summer drilling program aimed at testing the interpreted down-
plunge extension of the Escape Deposit at its 100%-owned Thunder Bay North Critical
Minerals Project (“TBN”). An initial 900-m hole, targeting one of three newly identified
‘ballroom-type’ coincident magnetic and conductivity anomalies, will commence this
week. The program is designed to be scalable depending on results.
Escape Deposit Down-Plunge Extension Target
The Escape Deposit (“Escape”) is a key contributor to the Thunder Bay North (“TBN”)
Project, representing approximately 40% of the total metal content of the estimated 14
million tonnes of indicated resources (NI 43-101 technical report on the Thunder Bay
North Project, Ontario, Canada, SLR Consulting Canada Ltd, June 19, 2023) containing
2.4 million equivalent ounces of platinum.
The Escape down-plunge extension target (Figure 1) is believed to have the best
potential for a major resource expansion within the Thunder Bay North project. The
Company has been working on improving the target definition in this area since 2023,
starting with the identification of a large untested magnetic anomaly that extends from
the known Escape high-grade zone to a distance of 2.5 km (see August 29, 2023, News
Release).
Figure 1. Airborne total magnetic intensity map with wireframes of Escape and Current
conduits as determined from drilling. The Escape grid with seismic sensors is shown in
white.
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In the spring of 2025, the Company engaged an expert in Magnetotelluric (MT)
geophysical surveys to reassess historical MT data for the extension target. The
assessment identified three coincident magnetic and EM anomalies (Figure 2) that have
strongly similar characteristics to the recently drill-confirmed high-grade ‘ballroom’
mineralization at the Current Deposit (see October 3, 2024 and April 15, 2025 News
Releases). It also clearly identified the known mineralization at the Escape High-Grade
zone, which provides additional confidence in these three targets.
Figure 2. Location of newly identified ‘ballroom-type’ coincident magnetic and
conductivity anomalies within the modelled down-plunge extension of the Escape
Deposit.
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The initial drill hole and borehole EM survey is planned to test target BH 25-01 (Figure
3). This target coincides with the borehole EM anomalies identified from historical drill
holes in this area. In addition, it lies ~300 metres to the east of the easternmost, drill-
defined extent of the Escape Deposit that hosts the Escape High-Grade Zone.
Highlights of the high-grade results disclosed in the October 29, 2020, News Release
include:
• 98.9 m grading 1.89g/t Pd, 1.40g/t Pt, 0.69% Cu and 0.35% Ni from 324.4 m
downhole in hole ELR20-025, including 19.2 m of 4.09g/t Pd, 2.90g/t Pt, 1.42%
Cu and 0.75% Ni from 392.5 m;
• 39.2 m grading 2.61 g/t Pd, 1.94 g/t Pt, 0.99% Cu and 0.61% Ni from 395.0 m
downhole in hole ELR20-028, including 21.70 m of 3.70g/t Pd, 2.69g/t Pt, 1.40%
Cu and 0.89% Ni from 398.1 m;
• 96.0 m grading 1.63 g/t Pd, 1.22g/t Pt, 0.61% Cu and 0.34% Ni from 326.8 m
downhole in hole ELR20-008, including 18.0 m of 3.20g/t Pd, 2.29g/t Pt, 1.17%
Cu and 0.76% Ni from 391.8 m.
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Figure 3. Traversal MT 2D section outlining Target BH 25-01.
Clean Air Metals’ Vice President of Exploration, Lionnel Djon, commented. "The new
geophysical assessments have delivered very appealing ‘ballroom-type’ drill targets in
the Escape down-plunge extension area. We are excited to begin drill testing these
targets that collectively represent the best opportunity for a significant expansion of the
high-grade Thunder Bay North Pt-Pd-Cu-Ni sulphide mineralization."
Update on Advancing the Thunder Bay North Project
The Company continues to work on a Preliminary Economic Assessment on the
Thunder Bay North Project. This study is driven in part by the successful drilling
programs in 2024 and early 2025, which expanded high-grade ballrooms at the Current
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Deposit, and provides confidence in the development of a robust, higher-grade
production model that improves toll milling potential. The company has also increased
activity on baseline environmental monitoring at the site, which will be critical to
obtaining a permit for advanced exploration.
Mike Garbutt, CEO of Clean Air Metals, remarked, "The identification of geophysically-
constrained drill-ready targets in the Escape down-plunge extension is an important
breakthrough for the Company and gives us a tangible path forward to expanding the
highest-grade components of the existing TBN global mineral resource. At a time that
the broader market has realized the investment appeal of the PGEs, reflected in the
recent appreciation in both platinum and palladium prices, we are excited to continue
exploration for high-grade mineralization at Escape and to commence work on a new
PEA study focusing on the higher-grade parts of both the Escape and Current deposits."
Upcoming 2025 AGM
Clean Air Metals will hold its 2025 Annual General Meeting on July 29, 2025, at 1:30
p.m. EDT virtually at http://momentum.adobeconnect.com/cleanairagm2025/.
Shareholders are encouraged to register their vote by Friday, July 25, 2025, at 1:30
p.m. EDT. The information circular, proxy forms and voting instructions can be found
on the Company’s website at Annual General Meeting | Clean Air Metals Inc.
Qualified Person
Dr. Lionnel Djon, Ph.D., P.Geo., a Qualified Person under National Instrument 43-101
and Vice President of Exploration for the Company, has reviewed and approved all
technical information in this press release.
About Clean Air Metals
Clean Air Metals is a development and exploration company advancing its flagship,
100% owned Thunder Bay North Critical Minerals (“TBN”) project, 40 km northeast of
Thunder Bay, Ontario. The TBN project, accessible by road and next to established
infrastructure, hosts two (2) deposits - the Current and Escape deposits, only 2.5 km
apart. Together, the deposits host a 13.8 Mt indicated mineral resource containing
2.4M Pt eq. oz (Technical Report on the Thunder Bay North Project, Ontario, Canada,
NI43-101, SLR Consulting Canada Ltd, June 19, 2023) with significant potential for
expansion down-plunge.
One of the rare primary platinum resources outside of South Africa, the TBN project is
in a stable and mining-friendly jurisdiction and benefits from longstanding relationships
with local First Nations. With its proven technical team, Clean Air Metals is committed
to growing the resources at the TBN project and creating long-term value for
shareholders.
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Social Engagement
Clean Air Metals Inc. acknowledges that the Thunder Bay North Critical Minerals Project
is located within the area encompassed by the Robinson-Superior Treaty of 1850 and
includes the territories of the Fort William First Nation, Red Rock Indian Band,
Biinjitiwabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals
also acknowledges the contributions of the Métis Nation of Ontario, Region 2 and the
Red Sky Métis Independent Nation to the rich history of our area.
The Company appreciates the opportunity to work in these territories and remains
committed to the recognition and respect of those who have lived, travelled, 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
"Mike Garbutt"
Mike Garbutt, CEO of Clean Air Metals Inc.
Connect with us on X/ Facebook/ Instagram.
Visit www.cleanairmetals.ca for more information or contact:
Mia Boiridy
Director of Communications and Investor Relations
250-575-3305
Neither 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
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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
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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
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date hereof, and the Company does not assume any obligation to update or revise
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expectations or projections.