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Clean Air Metals Files Preliminary Economic Assessment Technical Report for the Thunder Bay North Property on SEDAR
Clean Air Metals Files Preliminary Economic Assessment Technical Report for the Thunder B...
About this update from Clean Air Metals, Inc.
[{"type":"text","content":"\n \n \n \n Clean Air Metals Files Preliminary Economic Assessment Technical Report for the Thunder Bay North Property on SEDAR\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n THUNDER BAY, ON\n \n ,\n \n Jan. 13, 2022\n \n /CNW/ - Clean Air Metals Inc. (\"\n \n Clean Air Metals\n \n \" or the \"\n \n Company\n \n \") (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce that, further to its news release dated\n \n December 1, 2021\n \n , the Company has filed a technical report detailing the Preliminary Economic Assessment of the Thunder Bay North Project near\n \n Thunder Bay, Ontario\n \n (the \"\n \n PEA\n \n \").\n \n \n The technical report was independently prepared for Clean Air Metals by Nordmin Engineering Ltd. The report, titled\n \n \"NI 43-101 TECHNICAL REPORT AND PRELIMINARY ECONOMIC ASSESSMENT FOR THE\n \n THUNDER BAY\n \n NORTH PROJECT,\n \n THUNDER BAY, ONTARIO\n \n \"\n \n has been filed on the Company's profile on SEDAR at\n \n www.sedar.com\n \n as at\n \n January 13, 2022\n \n and is also available on Clean Air Metals' website at\n \n www.cleanairmetals.ca\n \n .\n \n \n Further to its news release on\n \n December 1, 2021\n \n , the Company also advises of a change in the calculation of the future post-tax treatment used for the PEA. As a result of amended assumptions regarding resource capital pools, application of Ontario Mining Tax, federal and provincial corporate tax, the post-tax IRR is amended to 25.2%, post-tax NPV\n \n 5\n \n is amended to\n \n C$293 million\n \n and the post-tax payback period is amended to 2.6 years. Original pre-tax operating assumptions and PEA project fundamentals have not changed.\n \n \n \n Qualified Person\n \n \n \n Mr. Brian Buss, P.Eng., a Qualified Person under National Instrument 43-101, has reviewed and approved all technical information referred to in this press release.\n \n \n \n Social Engagement\n \n \n \n Clean Air Metals Inc. and its wholly-owned subsidiary Panoramic PGMs (\n \n Canada\n \n ) Ltd. acknowledge that the Thunder Bay North Project is o...