Clean Air Metals Inc.
Clean Air Metals Inc. explores for platinum, palladium, nickel and copper deposits in Canada. Its flagship Thunder Bay North Critical Minerals Project (three claim blocks, ~40,816 hectares, Ontario) is a Cu-Ni-PGE deposit led by platinum and palladium, about 61% of life-of-mine payable metal value at the study's own prices (copper about 28%); a Preliminary Economic Assessment released October 2025 showed a C$219.4M pre-tax NPV8 and 39% pre-tax IRR (32% after-tax), and applying January 2026 spot metal prices to the same model lifted that to a C$708M pre-tax NPV8 / ~100% pre-tax IRR. 2026 objectives are advancing project technical studies, including a stand-alone mill case and a new metallurgical test program.
Lifecycle Milestones
Not in place: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Ontario: Fraser PPI 2025 is 93.70 of 100 (rank 5 of 68), which maps to 9 on this site's scale. Ontario, Canada -- Tier-1 mining jurisdiction.
Infrastructure (40%)2.9/10
No confirmed mill, confirmed road access, no confirmed grid power, and no confirmed tailings facility at Thunder Bay North Critical Minerals Project, Ontario, Canada.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Lac des Iles (Impala Canada Ltd.), 66 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score:8.5/10
Disclosed pending merger
A disclosed pending acquisition scores 10 and a merger 8.5; any other corporate action, none, or a deal in which the company is the buyer isn't scored.
Weight 26.25% · 35% here - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:4.5/10
Nearest producing mine: Lac des Iles (Impala Canada Ltd.), 66 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 30% here - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 20% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 9% here - CommoditySub-score:2/10
Primary commodity: Other
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 6% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chief Financial Officer and Corporate Secretary of Clean Air Metals Inc. (CPA, CGA). Over 20 years of experience in audit, finance and accounting within the mining, exploration, health care and technology industries; has served as a director and executive officer for numerous publicly traded companies.
Chief Operating Officer of Clean Air Metals Inc. (P.Eng.). Qualified person under National Instrument 43-101, serving in a key operational role.
Chief Executive Officer of Clean Air Metals Inc. Mining engineer and experienced executive; previously CEO of North American Palladium, whose principal asset was the Lac des Iles Palladium mine.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
A live transaction is bringing a serious backer onto the register: on 31 July 2026 Clean Air Metals agreed to combine with Fiore-backed Springbok Ventures, with a minimum C$5 million concurrent financing, a 10-for-1 share consolidation and a rename to Dante Metals Corp., with the shareholder meeting expected in early September 2026. The Fiore Group is one of Canada's better-known mining investment houses. Because no resulting ownership percentage has been disclosed and the deal has not yet closed, this is scored conservatively. Directors did buy stock on the open market, but the most recent purchase was in October 2023.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Clean Air Metals explores for platinum, palladium, nickel and copper at its 100%-owned Thunder Bay North critical minerals project, three claim blocks covering about 40,816 hectares in Ontario. Its indicated resource contains 1,274,000 oz of platinum and palladium, 622,000 oz platinum and 652,000 oz palladium, plus 129,000 oz inferred, alongside 60,000 t of copper and 36,000 t of nickel in the indicated category. Platinum and palladium lead its value: at the preliminary economic assessment's own US$1,425/oz platinum, US$1,225/oz palladium and US$4.80/lb copper they are about 61% of life-of-mine payable metal, and copper about 28%. A preliminary economic assessment released on 9 October 2025 gives an after-tax NPV (8%) of US$115.0M (CAD 157.5M), a 32% after-tax IRR, an 11-year mine life and initial capital of US$65.3M (CAD 89.5M). In July 2026 the company agreed to amalgamate with Springbok Ventures, backed by the Fiore Group, with a 10-for-1 share consolidation and a change of name to Dante Metals; its shares have been halted since 19 August 2026 pending regulatory review of the reverse takeover, and the deal's private placement closed on 22 September 2026.