Clean Air Metals Secures $1.1M Through Private Placement

On December 20, 2024, Clean Air Metals Inc. completed a non-brokered private placement generating $1,096,080. The transaction involved issuing 18,268,000 flow-through shares at $0.06 each. Proceeds will fund Canadian exploration expenses linked to the company's Ontario projects.

Clean Air Metals CEO Mike Garbutt emphasized the project's advancement and potential production. Red Cloud Securities Inc. facilitated the offering, earning $60,544.80 and over one million share purchase warrants, exercisable at $0.105 per share for two years.

An insider's participation triggered Multilateral Instrument 61-101 protocols, yet exemptions applied. The placement awaits TSX Venture Exchange approval, while securities remain restricted for four months. The offering is out of reach for U.S. investors due to registration constraints.