| Announcement Date: | 2022-01-12 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | JORC |
| Company name: | Clean Air Metals Inc. |
| Project name: | Thunder Bay North |
| Location: | Canada |
| Commodities: | Palladium,Platinum,Copper,Nickel |
| Highlight: | PEA results incl. post-tax NPV (5%) of US$293M & IRR of 25.2% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Nordmin Engineering Ltd. (Nordmin) was retained by Clean Air Metals Inc. (Clean Air or “the Company”) to prepare a Canadian National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) and Preliminary Economic Assessment (PEA) for the Thunder Bay North Project (“the Project”), situated approximately 50 kilometres (km) northeast of the city of Thunder Bay, Ontario, Canada. The Company retained Nordmin for the geology, underground mining, processing, surface infrastructure studies, Knight Piésold Ltd. (Knight Piésold) for the waste management and underground geotechnical studies, DST, a division of Englobe Corp. (DST) for the site water management and environmental studies, and Blue Coast Research and Metallurgy (Blue Coast) for the metallurgical studies, and BWB Consulting Services Inc. for the tax calculation (collectively referred to as “the Consultants”), to support the preparation of the PEA. 1.1 Terms of Reference This Technical Report supports the disclosures in the Company news release of December 1, 2021, entitled “Clean Air Metals Announces a PEA of the Current |
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