New CEO of Clean Air Metals launches platinum and palladium deposits
Jim Gallagher, a respected mining executive and former CEO of North American Palladium, has been appointed as the permanent CEO of Clean Air Metals in Thunder Bay. Gallagher initially took on the role as interim CEO following the departure of Abraham Drost. Clean Air Metals' primary asset is the Thunder Bay North Critical Minerals Project, an advanced-stage exploration project located north of Thunder Bay. The company recently released a revised mineral resource estimate, which indicated significant deposits of platinum, palladium, copper, and nickel. Gallagher brings extensive experience in the mining industry, including his successful tenure as CEO of North American Palladium's Lac des Iles Mine. Under his leadership, the mine achieved improved operational and financial performance, leading to its eventual sale to Impala Platinum in 2019.
Gallagher said in a statement that he was pleased to take the helm.
“The priorities are clear, advance the technical studies for the potential development of the project based on the recently published resource estimate, advance the down plunge exploration program, continue with the appropriate environmental and permitting activities and continue to foster true business relationships with the indigenous communities who's lands, and treaty rights are impacted by our project.”
Gallagher said the company is cashed up for well into 2024. The search is on to find a development partner with the money to bring the property into production.
“The Thunder Bay North resource remains one of the highest-grade, undeveloped platinum, palladium deposits outside of Africa with good copper and nickel values; all sought after critical minerals.”
The company's latest investor presentation shows construction of a mine starting in mid-2025 with operations commencing in late 2026 or early 2027.
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