Clean Air Metals' Thunder Bay Project Promises Significant Returns

Clean Air Metals Inc. has announced the results of an independent Preliminary Economic Assessment (PEA) for the Thunder Bay North Project. This Canadian endeavor aims for an 11-year mine life with daily production of 2,500 tonnes, realized through a ramp-access underground operation.

Impressively, the project's pre-tax Net Present Value (NPV) stands at C$219.4 million with a 39% Internal Rate of Return (IRR), while post-tax values hit C$157.5 million NPV and 32% IRR. A strategic focus on temporary infrastructure and nearby toll milling contributes to a rapid 2.5-year payback on the C$89.5 million capital investment.

Located near Thunder Bay, the project enjoys accessibility to key infrastructure and support. Collaborations with Indigenous communities aim at long-term economic benefits. Further exploration of the resource promises potential for extended operations, bolstering its economic appeal amid rising metal prices.