Clean Air Metals and Fiore-Backed Springbok Ventures Announce Strategic Business Combination

About this update from Clean Air Metals, Inc.

Strategic Transaction to Position Thunder Bay North for Development, Strengthen Capital Markets Profile and Create a New Critical Minerals Growth Platform Not for distribution to United States newswire services or for dissemination in the United States. Highlights A strategic business combination with Springbok Ventures, a Fiore Group-backed company focused on critical minerals in Ontario Creation of a growth-oriented critical minerals platform focused on domestic critical minerals in Canada with the ability to pursue future acquisitions and strategic opportunities Minimum C$5 million concurrent financing of subscription receipts Partnership with the Fiore Group, one of Canada's leading mining groups Continued advancement of the Thunder Bay North Critical Minerals Project Addition of the Maude Lake Property in Ontario as an exploration asset THUNDER BAY, ON / ACCESS Newswire / July 31, 2026 / Clean Air Metals Inc. ("Clean Air Metals") (TSXV:AIR )(FRA:CKU) (OTCQB:CLRMF), 1602037 B.C. Ltd. ("Newco")., a wholly owned subsidiary of Clean Air Metals, and Springbok Ventures Inc., an unlisted reporting issuer ("Springbok"), are pleased to announce that they have entered into an amalgamation agreement dated July 31, 2026 (the "Amalgamation Agreement") to complete a business combination (the "Proposed Transaction") that will create a well-capitalized critical minerals company (the "Resulting Issuer") focused on advancing Clean Air Metals' flagship Thunder Bay North Critical Minerals Project (the "TBN Project") in northwestern Ontario, Canada, as well as continuing exploration efforts with Springbok's Maude Lake Property ("Maude Lake") located in northwestern Ontario, Canada. The Resulting Issuer will carry on the business of Clean Air Metals. The Proposed Transaction, including the Concurrent Offering (defined below), is subject to the customary closing conditions, including the approval of the TSX Venture Exchange ("TSXV") and the requisite approvals of the shareholders of each of Clean Air Metals and Springbok. Strategic Rationale of the Proposed Transaction The Proposed Transaction represents a strategic partnership with the Fiore Group, one of Canada's leading mine-building organizations with an established track record of discovering, financing, developing and creating shareholder value through publicly listed mining companies. About the Fiore Group The Fiore...

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