Clean Air Metals, Inc. · TSXV:AIR

Clean Air Metals — Investor Presentation (March 2023)

21 slides from Clean Air Metals's investor presentation, March 2023

  1. Slide 1: Thunder Bay North Critical Minerals Project

    METALS FOR THE CLEAN AIR REVOLUTION THUNDER BAY NORTH CRITICAL MINERALS PROJECT RESOURCE RESTATEMENT & PATH FORWARD MARCH 2023 TSXV AIR OTCQB CLRMF FRA CKU CLEANAIRMETALS.CA

  2. Slide 2: Forward Looking Statements

    FORWARD LOOKING STATEMENTS Information set forth in this presentation may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial

  3. Slide 3: Executive Chair, CEO and COO

    Pt:Pd Ratio 1:1 geologically, lending JIM GALLAGHER, P.ENG EXECUTIVE CHAIR perfect optionality on price trend Most recently the CEO of North American Palladium (TSX:PDL), which operated the Lac Des Iles mine, at the sale to Impala Platinum Holdings (JSE:IMP) in December 2019 for approximately $1 Bil

  4. Slide 4: Thunder Bay North Project Location: Where Infrastructure Meets Grade

    THUNDER BAY NORTH PROJECT LOCATION WHERE INFRASTRUCTURE MEETS GRADE • 40 km North of Thunder Bay • 65 km S of Lac des Iles Mine • Paved provincial Hwy thru NW corner of claims • 230 KVA tx line through SE corner of claims • Natural Gas 20 km north Favorable Mining Jurisdiction + proximity to major m

  5. Slide 5: Thunder Bay North Magma Conduit System, Ontario, Canada

    THUNDER BAY NORTH MAGMA CONDUIT SYSTEM, ONTARIO, CANADA Current Deposit Clean Air Metals Withdraws • Indicated Resource - TBD Mineral Resource Estimate and • Inferred Resource - TBD PEA, Thunder Bay North Critical Minerals Project, Pending Restatement - February 15, 2023 0 500 1000 1500 Metres Plung

  6. Slide 6: Thunder Bay North Critical Minerals Project Top Callouts

    THUNDER BAY NORTH CRITICAL MINERALS PROJECT TOP 10 CALLOUTS T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 6

  7. Slide 7: Escape Lake Deposit: Selected 2020 Assay Intervals

    Escape Lake Deposit: Selected 2020 Assay Intervals - Determined Using Grade Thickness Calculations (Width x Grade) DrillHole From(m) To(m) Total PtP (e/t) Cu(%4) Ni 358,100x Number Primary Primary Width(m) (g/t) J eura0-025 | 3244 473.25 1397 1892 0689 6888 035 35403289 074198: including 392.54 411.

  8. Slide 8: Top Callouts, Current Deposit

    THUNDER BAY NORTH CRITICAL MINERALS PROJECT TOP 10 CALLOUTS, CURRENT DEPOSIT T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 8

  9. Slide 9: Pre-Feasibility Study (PFS) – On Hold

    PRE-FEASIBILITY STUDY (PFS) – ON HOLD Scope of Work: Timing • Provide project oversight for PFS • December ‘22 to August ‘23 • Design project to approx. 15% engineering (PFS level) • Prime study consultant. • Based in Quebec, with offices • Mine, Surface Infrastructure, Tailings, Water throughout On

  10. Slide 10: Base Case Recoveries

    BASE CASE RECOVERIES Cu Ni Pt Pd Rh Au Ag Co S Average Mill Feed % % g/t g/t g/t g/t g/t % % 0.41 0.215 1.62 1.59 0.042 0.098 2.20 0.015 1.73 Grade Recovery Split Concentrate Option Mass Cu Ni Pt Pd Rh Au Ag Co Cu Ni Pt Pd Rh Au Ag Co % % % g/t g/t g/t g/t g/t % % % % % % % % % Cu Concentrate 1.47 2

  11. Slide 11: Flow Sheet

    FLOW SHEET TAILINGS GRINDING ORE HANDLING FLOTATION THICKENING, FILTRATION, AND LOADOUT T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 11

  12. Slide 12: Designed to Be a Significant Contributor of Green Energy and Zero Emission Metals

    THUNDER BAY NORTH PROJECT DESIGNED TO BE A SIGNIFICANT CONTRIBUTOR OF GREEN ENERGY AND ZERO EMISSION METALS METALS INVENTORY DESIGNING SUSTAINABLE PRODUCTION Pt – Critical to the Hydrogen economy Striving for Carbon Neutrality Pd – Reduction of internal combustion • 100% renewable grid supply based

  13. Slide 13: Hydrogen Economy Driver for PGE Demand

    HYDROGEN ECONOMY DRIVER FOR PGE DEMAND “Automobiles only account for 10% of global CO2 loadings. To achieve Net Zero, coal and natural gas must be replaced. The only way to achieve this is Hydrogen.” • PGE anodes and cathodes are critical to high efficiency electrolysis of water to produce Green Hyd

  14. Slide 14: Demonstrating Social Responsibility

    DEMONSTRATING SOCIAL RESPONSIBILITY T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 14

  15. Slide 15: Signing of the Exploration Agreement

    SIGNING OF THE EXPLORATION AGREEMENT T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 15

  16. Slide 16: Capital Structure

    CAPITAL STRUCTURE February 28, 2023 Shares Issued 224,000,000 Warrants ($0.25/sh.) Feb 22/24 55,410,400 Warrants ($0.55/sh.) Feb 22/23 6,372,550 Cash $6.5 million Management – 5% Benton Resources (BEX: TSXV) – 11% Institutional – 40% ~ T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 1

  17. Slide 17: MT Geophysical Data Targeting Magma Conduits and Massive Sulphides

    MT GEOPHYSICAL DATA TARGETING MAGMA CONDUITS AND MASSIVE SULPHIDES TARGET C Escape Deposit TARGET B Current Deposit TARGET D TARGET E TARGET A Quetico Fault System TARGET F Escape Lake Fault System T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 17

  18. Slide 18: Greenfields Exploration Targeting Massive Sulphides

    GREENFIELDS EXPLORATION TARGETING MASSIVE SULPHIDES SIMILAR TO Talnakh Field Thunder Bay NORIL’SK DEPOSIT Historic Production/ North Project Current Reserves TBN INTRUSIVE (Noril’sk) COMPLEX, ESCAPE LAKE 13Mt Ni Escape Lake Fault 24 Mt Cu FAULT 250 Moz PGM Current Intrusion COMPARISON WITH TALNAKH F

  19. Slide 19: Greenfields Exploration Targeting Massive Sulphides

    GREENFIELDS EXPLORATION TARGETING MASSIVE SULPHIDES SIMILAR TO NORILSK DEPOSIT EXPLORATION VECTOR MASSIVE SULPHIDES IN THE CURRENT DEPOSIT Beaver Lake Zone 2.6m@97.98gpt Pd+Pt+Au +14.9% Cu+Ni T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 19

  20. Slide 20: Greenfields Exploration Targeting Massive Sulphides – Noril'sk Model

    GREENFIELDS EXPLORATION TARGETING MASSIVE SULPHIDES – NORIL’SK MODEL MASSIVE SULPHIDES IN ESCAPE DEPOSIT (HOLE ELR21-041) SIMILAR TO Au (g/t) Pd (g/t) Pt (g/t) Co (%) Cu (%) Ni (%) NORIL’SK 0.23 7.93 6.41 0.151 4.76 2.50 HEAD GRADE T S X V AI R O T C Q B C L R M F F R A C K U CLEANAIRMETALS.CA 20

  21. Slide 21: Contact

    Jim Gallagher, P.Eng. Executive Chairman 705.690.7997 jgallagher@cleanairmetals.ca Abraham Drost, MSc P.Geo. CEO 807.252.7800 adrost@cleanairmetals.ca Mike Garbutt, MBA P.Eng. COO 705.207.2111 mgarbutt@cleanairmetals.ca Geoff Heggie, PhD P.Geo. VP Exploration 807.631.4654 gheggie@cleanairmetals.ca T

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