The Prospector News

Ellis Martin Report – Clean Air Metals’ Abraham Drost-Path to Production Thunder Bay Critical Minerals (Audio)

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Ellis Martin Report – Clean Air Metals’ Abraham Drost-Path to Production Thunder Bay Critical Minerals (Audio)

 

 

 

https://youtu.be/yWRXrWD3wHU

 

Join Ellis Martin for a conversation with Abraham Drost, CEO and Director of Clean Air Metals  (TSX-V:AIR) (OTC:CLRMF) .

 

Mr. Drost is a Professional Geoscientist and a former President. Director and CEO of several successful natural resource companies over the course of his 35 year career. In this interview the gentlemen discuss the path to production for the Thunder Bay North Project with platinum, palladium, copper and nickel assets in Ontario, Canada including a green hydrogen off-take. About Clean Air Metals Inc. Clean Air Metals’ flagship asset is the 100% owned, high grade Thunder Bay North Project, a platinum, palladium, copper, nickel project located near the City of Thunder Bay, Ontario and the Lac des Iles Mine owned by Impala Platinum. The Thunder Bay North Project hosts the twin magma conduit bodies which host the Current and Escape deposits forming the basis for a robust preliminary economic assessment (PEA) filed January 12, 2022. The PEA of a ramp access underground mine and on-site 3600 tpd milling complex and the 2-year trailing average price deck delivers an NPV5 NAV of $425m in fully discounted cash flows, a pre-tax IRR of 31% and a post-tax IRR of 25% on initial capital of $367 million.

 

Executive Chair Jim Gallagher, P.Eng. and COO Mike Garbutt, P.Eng. lead an experienced technical team who are using the Norilsk magma conduit stratigraphic and mineral deposit model to guide ongoing exploration and development prefeasibility studies for a low-carbon, all-electric sustainable mining operation at Thunder Bay North. 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 and team are credited with the mine turnaround and creation of significant value for shareholders. 

 

Clean Air Metals 

 

Courtesy of the Ellis Martin Report

 

 

 

Posted January 25, 2023

Share this news article

MORE or "UNCATEGORIZED"


Scottie Announces Closing of the Second Tranche of Its Previously Announced Non-Brokered Financing

Scottie Resources Corp. (TSX-V: SCOT) (OTCQB: SCTSF) (FSE: SR80)... READ MORE

August 17, 2025

Denison Announces Closing of US$345 Million Convertible Senior Notes Offering

Denison Mines Corp. (TSX: DML) (NYSE AMERICAN: DNN) is pleased to... READ MORE

August 17, 2025

Baselode Closes $6.0 Million Private Placement

Baselode Energy Corp. (TSX-V: FIND) is pleased to announce the cl... READ MORE

August 17, 2025

Innovation Mining Achieves 99.6% Gold Recovery from High-Grade Alaska Black Sand Table Tails Using RZOLV™ Non-Cyanide Lixiviant

Innovation Mining Inc. is pleased to announce outstanding metallu... READ MORE

August 15, 2025

Osisko Development Closes US$203 Million Private Placement Financing

Osisko Development Corp. (NYSE: ODV) (TSX-V: ODV) is pleased to announce... READ MORE

August 15, 2025

Copyright 2025 The Prospector News