Clean Air Metals to Raise up to CA$150,000 Via Non-Brokered Private Placement of Flow-Through Shares
MT newswire2026/10/08 11:1107:11 AM EDT, 10/08/2026 (MT Newswires) -- Clean Air Metals (AIR.V) plans to raise gross proceeds of up to CA$150,000 through a non-brokered private placement of up to 2.5 million flow-through common shares at a price of CA$0.06 each, it said after markets closed Wednesday. The company will use the proceeds to advance development and exploration activities at its Thunder Bay North Critical Minerals Project and other "Canadian exploration expenses" that qualify as "flow-through mining expenditures", said the company. The offering, expected to close on or about Oct. 9, is subject to approval by the TSX Venture Exchange, it added. "This financing will allow the company to secure appropriate contracted resources to advance exploration activities at Thunder Bay North in the new year, as we work towards a successful closing of the proposed transaction with Fiore-backed Springbok Ventures," said Clean Air Metals chief executive officer Mike Garbutt.
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