OTCWagon Issues STRONG-BUY RECOMMENDATION: Clean Air Metals, Inc. (AIR)

THUNDER BAY, Ontario - May 11, 2021 - PRLog -- CLEAN AIR METALS PROVIDES A CORPORATE UPDATE INCLUDING PAYMENT OF $1.5 MILLION TO PANORAMIC RESOURCES AND COMMENCEMENT OF ENVIRONMENTAL BASELINE DATA COLLECTION

Clean Air Metals Inc. has completed a $1.5-million instalment payment to Panoramic Resources Ltd. of Australia.

The Company acquired a 100% interest in the Current Lake Pt-Pd-Rh-Cu-Ni magma conduit deposit from Panoramic Resources for C$9 million, with a $4.5 million down payment under a security interest on May 14, 2020 as previously reported. The transaction included the sale of a 100% interest in Canadian subsidiary Panoramic PGMs (Canada) Ltd. directly to Clean Air Metals under the option with Benton Resources Inc. (BEX: TSXV). Panoramic PGMs (Canada) Ltd., now a wholly-owned subsidiary of Clean Air Metals, in turn owns 100% of the Current Lake deposit. Two equal payments totaling C$3 million remain for May, 2022 and May, 2023. The security obligation may be retired in advance by payment in full at any time without penalty.

In keeping with its commitment to environmental sustainability as it continues with a previously announced 45,000m diamond drilling campaign, the Company has also commenced environmental baseline field data gathering in support of a future environmental impact assessment and permitting of the Thunder Bay North Project. The Company's service providers DST, a Division of Englobe Corp. and NorthWinds Environmental are mandated to systematically gather and report on baseline data for hydrology (surface waters), hydrogeology (subsurface water table), noise, water quality, aquatic biology, wildlife biology, weather patterns and potential for metals leaching and acid rock drainage (ARD).

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