Clean Air Metals reports strong financial results for its Thunder Bay North PGE-Cu-Ni project in Ontario, with a pre-tax NPV of C$219.4 million and a 39% IRR.

Clean Air Metals reports a pre-tax NPV of C$219.4 million and a 39% IRR for its Thunder Bay North PGE-Cu-Ni Project in Ontario, with after-tax NPV at C$157.5 million and IRR of 32%. The 11-year project features a 2,500-tonne-per-day underground mine with C$89.5 million in capital costs and a 2.5-year payback. At spot prices, pre-tax NPV rises to C$316 million and IRR to 52%. The project holds 14.9 million tonnes of indicated resource grading 2.66 g/t 2PGE, 0.40% Cu, and 0.24% Ni, plus 2.49 million tonnes of inferred material. It benefits from nearby infrastructure, including highways, power lines, and a potential toll milling facility. Environmental studies are mostly complete, and the company is engaging Indigenous communities. The PEA, prepared under NI 43-101, will be filed on Sedar+ within 45 days.