Clean Air Metals and Springbok Ventures Expand Private Placement

Clean Air Metals Inc. and Springbok Ventures Inc. announced an increase in their non-brokered private placement to $6.1 million, spurred by market demand. The offering includes 10 million Springbok subscription receipts priced at $0.50 and 2 million Clean Air Metals' receipts priced at $0.55. Upon meeting conditions, these receipts convert into shares.

This development follows their business combination agreement aiming to establish a robust critical minerals company, advancing Clean Air Metals' Thunder Bay North Project in Ontario and exploring Springbok’s Maude Lake Property.

The transaction is pending approval from the TSX Venture Exchange. Proceeds will fund project developments and strategic evaluations, positioning the new entity as a significant supplier of critical minerals in North America.