Clear Air Metals declares the outcomes of its annual normal assembly

TORONTO, July 22, 2021 / PRNewswire / – Pure Air Metals Inc. (“Clear air metals“or the”Firm“) (TSXV: AIR) is happy to announce that the shareholders of the Firm have accredited all issues at its annual and particular normal assembly held on July 21, 2021, as following:

(I)

the election of Abraham Drost, James Gallagher, Dean Chambers, MaryAnn Crichton and Ewan Downie as administrators of the Society for the approaching yr;



(ii)

approval to amend the Articles of the Firm to permit the Firm to vary its head workplace from British Columbia to an handle in Ontario;



(iii)

the appointment of Manning Elliott LLP as auditor of the corporate for the approaching yr; and



(iv)

the approval and affirmation of the brand new fastened incentive scheme in shares of the Firm.

On the post-AGM Board assembly: (i) Jim gallagher was reappointed as government chairman of the board of administrators .; (ii) Impartial director, dean of chambers, was reappointed as chairman of the audit committee; (iii) Impartial director, MaryAnn Crichton, was reappointed as Chairman of the Sustainable Improvement Committee; and (iv) Impartial director, Ewan Downie, has been reappointed as chairman of the remuneration committee. Members of the administration crew of Clear Air Metals, together with the CEO Abraham Drost, had been additionally reappointed of their present respective features.

COVID Coverage

Clear Air Metals has adopted COVID-19 avoidance and private safety measures for its geological personnel, drilling contractor and repair suppliers. Workers are required to take care of a bodily distance, use private protecting tools (PPE), self-monitor and self-isolate or select to make money working from home. Administration beforehand eradicated plans to arrange a camp to service a deliberate diamond drilling marketing campaign on the Escape Lake undertaking. The Society is conscious of the Thunder Bay Well being Unit pointers that present for “obligatory” self-isolation for return journey overseas. The rules additionally “strongly advocate” self-monitoring and self-isolation as wanted after journey to the Northwest area from different components of the province and interprovincially. Mineral exploration and improvement has been seen as a vital service within 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

Clear Air Metals Inc. and its wholly owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge that the Thunder Bay North Challenge is situated on the standard territories of Fort William First Nation, Crimson Rock First Nation and Biinjitiwabik Zaaging Anishinabek. The events collectively are the cooperating members in a memorandum of understanding dated January 9, 2021 and the difficulty of warrants, reported on January 28, 2021.

The Firm is in talks with Crimson Sky Metis Impartial Nation and Metis Nation of Ontario regarding their conventional territories, conventional data and worth mapping. Woodland Heritage Northwest, a Métis-owned consulting agency, was retained to conduct archaeological research on the Thunder Bay North Challenge and surrounding areas.

About Clear Air Metals Inc.

Clear Air Metals’ flagship asset is the 100% owned, high-grade Thunder Bay North undertaking, a platinum, palladium, copper and nickel undertaking situated close to the Metropolis of Thunder Bay, Ontario and the Lac des Iles mine owned by Impala Platinum. The Clear Air Metals undertaking hosts the Present Lake deposit and the magma conduit and the Firm is actively exploring the Escape Lake deposit, a sister construction of the Present Lake deposit. Govt chairman Jim gallagher and CEO Abraham Drost lead an skilled crew of geologists and engineers who use the Norilsk magma conduit stratigraphic and mineral deposit mannequin to information ongoing exploration and improvement research. As the previous CEO of North American Palladium Ltd. who owned the Lac des Iles mine previous to the sale to Impala Platinum in December 2019, Jim gallagher and the crew are credited with turning the mine round and creating significant shareholder worth.

ON BEHALF OF THE BOARD OF DIRECTORS

“Abraham Drost”
Abraham Drost, CEO of Clear Air Metals Inc.

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.

Warning

The data contained on this doc incorporates “forward-looking statements” inside the that means of relevant securities laws, together with statements relating to the potential of the Thunder Bay North Challenge and the Escape Lake and Present Lake deposits and the schedule of engineering research and mineral useful resource estimates. Ahead-looking statements relate to info primarily based on administration’s assumptions, forecasts of future outcomes and estimates of quantities not but determinable. All statements that specific predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency usually are not statements of historic reality and could also be “forward-looking statements”. Ahead-looking statements are topic to quite a lot of dangers and uncertainties that might trigger precise occasions or outcomes to vary from these mirrored in forward-looking statements, together with, with out limitation: related political and regulatory dangers mining and exploration; dangers related to sustaining inventory market quotes; dangers related to environmental laws and legal responsibility; the potential for delays in exploration or improvement actions or the completion of feasibility research; uncertainty of profitability; dangers and uncertainties related to the interpretation of drilling outcomes, geology, grade and continuity of mineral deposits; dangers related to the inherent uncertainty of manufacturing and value estimates and the potential for unanticipated prices and bills; the outcomes of pre-feasibility and feasibility research, and the likelihood that future exploration, improvement or working outcomes might not meet the Firm’s expectations; dangers related to fluctuations in commodity costs; and different dangers and uncertainties regarding the prospects, properties and operations of the Firm detailed elsewhere within the Firm’s disclosure file. If a number of of those dangers and uncertainties materialize, or if the underlying assumptions show to be incorrect, precise outcomes might differ materially from these described in forward-looking statements. Buyers are cautioned towards assigning undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Firm assumes no obligation to replace or revise them to replicate new occasions or circumstances, besides in accordance with relevant securities legal guidelines. Precise occasions or outcomes might differ materially from the Firm’s expectations or projections.

SOURCE Clear Air Metals Inc.

Associated hyperlinks

https://www.cleanairmetals.ca/

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