# Clean Air Metals and Fiore-backed Springbok Ventures Announce Closing of Non-Brokered Private Placement and Transaction Updates

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/clean-air-metals-and-fiore-backed-springbok-ventures-announce-closing-of-non-bro--fabbd0d2-37fc-4bbb-8e73-745d6e0237b0

Original source: https://www.newsfilecorp.com/release/315601/Clean-Air-Metals-and-Fiorebacked-Springbok-Ventures-Announce-Closing-of-NonBrokered-Private-Placement-and-Transaction-Updates

Publisher: newsfile

Original announcement: 2026-09-22T23:35:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Clean Air Metals Inc.

- Ticker: AIR

- Exchange: Unavailable

- Region: Ontario, Canada

- Primary commodity: Platinum

- Secondary commodities: Copper, Nickel, Cobalt

- Document categories: Capital raise, Agreement transaction, Resource update

- Extracted: 2026-09-22 23:47:06 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Clean Air Metals Inc. has closed a C$6.2 million non-brokered private placement. This financing is part of a business combination with Springbok Ventures, which will create a new critical minerals company focused on the Thunder Bay North and Maude Lake projects in Ontario.

Reasoning: The announcement details a significant capital raise and a strategic amalgamation that expands the company's project portfolio in critical minerals.

- Positive factor: Successful closing of C$6.2 million private placement

- Positive factor: Strategic business combination with Springbok Ventures to create a well-capitalized critical minerals company

- Positive factor: Consolidation of assets including Thunder Bay North and Maude Lake Property

- Negative factor: Transaction subject to TSX Venture Exchange approval

Facts used in scoring: 2

## Classification and evidence

**capital\_raise**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The document announces the closing of a non-brokered private placement for aggregate gross proceeds of approximately C$6.2 million.

Evidence · text

> closing of the previously announced non-brokered private placement of subscription receipts \(the " Offering "\) of Clean Air Metals for aggregate gross proceeds of approximately C$6.2 million.

**agreement\_transaction**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company is completing a business combination/amalgamation with Springbok Ventures.

Evidence · text

> to complete a business combination \(the " Proposed Transaction "\) that will create a well-capitalized critical minerals company

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/clean-air-metals-and-fiore-backed-springbok-ventures-announce-closing-of-non-bro--fabbd0d2-37fc-4bbb-8e73-745d6e0237b0#fact-resource-facts-1)

Thunder Bay North Critical Minerals Project · platinum

#### Identity

- Project: Thunder Bay North Critical Minerals Project
- Commodity: platinum
- Region: canada\_on
- Reported Region: Ontario, Canada
- Ticker: AIR

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101
- Resource group id: resource:7f16abbd28fc46ac973c
- Mining method: combined
- Ownership percent: 100 %

#### Resource Data

- Category: indicated
- Tonnes: 14900000
- Grade: 2.66
- Grade Unit: g/t \(Pt+Pd\)

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: The document restates existing resource data from a November 2025 PEA.

- Positive factor: Large indicated resource

Evidence · text

> 14.9 Mt indicated mineral resource grading 2.66 g/t \(Pt+Pd\), 0.40% Cu and 0.24% Ni

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.