202612 releases
Clean Air Metals Announces Auditor Review of Q2 Financial Statements
Clean Air Metals said its auditor, Manning Elliott LLP, completed a review as of October 22, 2026 of its second quarter interim financial statements for the six months ended July 31, 2026, which are included in its October 14, 2026 management information circular. No amendments were made other than removing the "Notice of No Auditor Review." The review relates to the annual general and special meeting scheduled for November 13, 2026.
CorporateClean Air Metals and Fiore-backed Springbok Ventures Announce Conditional Acceptance of Proposed Transaction
The TSX Venture Exchange conditionally accepted, by letter dated October 9, 2026, Clean Air Metals' proposed acquisition of Fiore-backed Springbok Ventures under Policy 5.3, with Springbok shareholders receiving 0.9 of a post-consolidation Clean Air Metals share per Springbok share, alongside a continuance to British Columbia, a 10-for-one consolidation and a name change to Dante Metals Corp. A first amendment reclassifies the deal from a Policy 5.2 reverse takeover and reflects the September 22, 2026 C$6,174,999.95 subscription receipt financing and an October 9, 2026 placement of 2,500,000 flow-through shares at C$0.06 for C$150,000. Both shareholder meetings are set for November 13, 2026.
AcquisitionClean Air Metals and Fiore-backed Springbok Ventures Announce Update on Proposed Transaction and Resumption of Trading of Clean Air Metals
The TSX Venture Exchange has advised that the proposed business combination of Clean Air Metals and Springbok Ventures will be treated as an acquisition of Springbok under TSXV Policy 5.3 rather than a reverse takeover, and trading in Clean Air Metals shares, halted since 12:12 p.m. Pacific on August 19, 2026, is expected to resume at market open on October 7, 2026. All other terms are unchanged, including the 10:1 share consolidation, rebranding to Dante Metals Corp., and the approximately C$6.2 million subscription receipt offering closed September 22, 2026.
CorporateClean Air Metals Files Interim Financial Statements for the Six Months Ended July 31, 2026
Unaudited consolidated interim financial statements and MD&A for the six months ended July 31, 2026 have been filed on SEDAR+, showing total assets of $35,465,204, cash of $422,500, a working capital deficiency of $3,188,114 and shareholders' equity of $31,803,864. The Company spent $164,309 on exploration at the Thunder Bay North project in Ontario during the period and received a $57,000 Critical Minerals Innovation Fund grant for toll-milling metallurgical assessment. Shareholder materials for the proposed amalgamation detailed July 31, 2026 are being finalized, with meeting timing to follow.
CorporateClean Air Metals and Fiore-backed Springbok Ventures Announce Closing of Non-Brokered Private Placement and Transaction Updates
A non-brokered private placement of subscription receipts closed for aggregate gross proceeds of approximately C$6.2 million, comprising 10,050,000 non-flow-through subscription receipts at C$0.50 and 2,090,909 flow-through subscription receipts at C$0.55, with proceeds held in escrow pending completion of the amalgamation with Fiore-backed Springbok Ventures Inc. Immediately prior to the amalgamation, Clean Air Metals will consolidate its shares 10-to-1. Mike Garbutt is expected to be CEO and Kelsey Chin CFO of the Resulting Issuer, a Tier 2 mining issuer.
FinancingClean Air Metals and Fiore-backed Springbok Ventures Announce Upsize of Non-Brokered Private Placement
The previously announced non-brokered private placement of subscription receipts has been upsized to $6.1 million, comprising 10,000,000 Springbok Ventures subscription receipts at $0.50 and 2,000,000 Clean Air Metals subscription receipts at $0.55. The financing is tied to the July 31, 2026 amalgamation agreement combining Clean Air Metals and Springbok, with proceeds held in escrow until closing and released to the Resulting Issuer to advance the Thunder Bay North Critical Minerals Project and Maude Lake Property in northwestern Ontario. TSX Venture Exchange approval is required.
FinancingClean Air Metals and Fiore-backed Springbok Ventures Announce Strategic Business Combination
Clean Air Metals has signed an amalgamation agreement dated July 31, 2026 with Fiore Group-backed Springbok Ventures Inc., a reverse takeover creating a critical minerals company holding the Thunder Bay North Project in northwestern Ontario and Springbok's optioned Maude Lake Property. Springbok will complete a non-brokered private placement of a minimum 10,000,000 subscription receipts at $0.50 for minimum gross proceeds of $5 million. Post-closing ownership is expected at 41.8% Clean Air Metals shareholders, 41.7% Springbok and 16.5% subscription receipt holders, with a 10-for-1 consolidation and renaming to Dante Metals Corp.
AcquisitionClean Air Metals Files Interim Financial Statements for the Three Months Ended April 30, 2026
Unaudited consolidated interim financial statements and MD&A for the three months ended April 30, 2026 have been filed on SEDAR+, showing total assets of $35,855,341, cash of $664,328, a working capital deficiency of $2,683,766 and shareholders' equity of $32,258,687. The company spent $57,783 on exploration at the Thunder Bay North project in Ontario during the quarter while pursuing project financing alternatives, advancing Advanced Exploration permitting discussions and planning the next phase of exploration at Escape down-plunge.
CorporateClean Air Metals Files Audited Annual Financial Statements for the Year Ended January 31, 2026
Audited consolidated financial statements and MD&A for the year ended January 31, 2026 have been filed on SEDAR+, showing total assets of $36,226,670, cash of $1,133,766, a working capital deficiency of $2,281,241, shareholders' equity of $32,604,804, and a net loss of $1,361,118 versus $3,124,992 a year earlier. Exploration spending at the Thunder Bay North project in Ontario totalled $1,190,489, including a step-out hole at Escape down-plunge that returned a 50m mineralized intersection 400m from the known resource, and completion of a PEA outlining a toll-milling case.
CorporateClean Air Metals Announces Management Changes
Dr. Lionnel Djon has resigned as VP of Exploration at Clean Air Metals. On an interim basis, the Board will provide technical leadership for upcoming geoscience initiatives, led by director Dr. David Peck, who joined the board in early 2024. An update on a permanent replacement will follow the assessment of current financing options under evaluation. The company's Thunder Bay North Critical Minerals project in Ontario hosts a 14.9 Mt indicated resource grading 2.66 g/t (Pt+Pd), 0.40% Cu and 0.24% Ni.
ManagementClean Air Metals Receives Provincial Funding and Provides Update on the Thunder Bay North Project
Approval for up to $200,000 in government funding under the Ontario Junior Exploration Program will fund work on the 2.5 km long Escape down-plunge target at the 100%-owned Thunder Bay North Critical Minerals Project in Northwestern Ontario, where an initial exploration hole intersected 53m of resource-grade mineralization. The company is in discussions with potential strategic partners ahead of any financing announcement, and continues stand-alone mill business case work, metallurgical test planning, access road and power design discussions, and Advanced Exploration permitting.
CorporateClean Air Metals Announces 2026 Strategic Objectives in Historically Strong PGE and Copper Markets
Applying January 6, 2026 spot prices (Pt $2,424/oz, Pd $1,849/oz, Cu $6.00/lb) to the PEA financial model gives the 100%-owned Thunder Bay North Critical Minerals Project in Northwestern Ontario a pre-tax NPV8 of $708M and 100% IRR (post-tax $494M and 84%), versus $219.4M and 39% at study prices. 2026 plans include updating a stand-alone mill case, new metallurgical testing for toll milling, early design of site access road and power, and completing Advanced Exploration permitting for a ramp and bulk sample. Exploration will target the Escape deposit down-plunge extension with a magnetotelluric survey and follow-up drilling over the 2.5 km strike.
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