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GenCell Raises US$14.3 million from a Series of Institutional International Investors




Among the Investors in GenCell, a Leader in the Green Energy Space who has Developed Ammonia-to-Energy Technologies, a Group Led by the BNP Paribas Energy Transition Fund

PETAH TIKVA, Israel, April 29, 2021 /PRNewswire/ — GenCell Energy, (TASE: GNCL), a leading Israeli-based manufacturer of fuel cell energy solutions, announces a substantial investment in the Company’s shares by a group of international institutional investors led by the world’s leading banking group BNP Paribas through its investment arm BNP Paribas Energy Transition Fund, together with TDK Ventures and additional investors.

The total volume of the investment reaches approximately US$14.3 million; Tennison Securities, a trade name of the broker Shard Capital Partners LLP, organized a group of European-based investors to participate in the investment round. BNP Paribas Energy Transition Fund, whose major mission is to focus on renewable energy investments, led the round with $8M. The remainder of the round was completed by respected international funds including TDK Ventures who previously invested in GenCell and earlier this year announced a research partnership for the development of green ammonia. The investment will be carried out at a price of NIS 13.5 (~$4.1) per GenCell share, which represents a discount of 4.6% on the price of the shares at the close of business on the 7th of April 2021.

BNP Paribas Energy Transition Fund, an alternative investment (including advisory) arm of BNP Paribas, manages assets in the volume of €6 billion, with a major focus on the green energy sector. BNP Paribas has invested hundreds of millions of dollars in companies such as Ballard Power Systems, one of the world’s leading suppliers of clean energy solutions based on hydrogen fuel cells, currently traded on NASDAQ at a value close to US$ 7 billion.

Commented Edward Lees, Director of the BNP Paribas Energy Transition Fund BNPP CP, “We are pleased to finalize our initial investment in GenCell, whose innovative fuel cell and hydrogen technologies closely align with the sustainable finance values and guidelines directing our investments. The BNP Paribas Foundation was one of the first organizations to finance climate research. BNP Paribas has made the energy transition one of its pillars of the Company’s Engagement, for example through the financing of renewable energy. The Group believes that hydrogen and fuel cells have a strong role to play in the transition to a low carbon economy, whether in mobility, in industry or in energy storage. BNP Paribas Capital Partners understands that working towards economic development in the 21st century means taking action to accelerate the energy transition, and we are confident that by further developing its technologies, GenCell will contribute to this transition which is critical to overcoming climate crisis. We hope that our investment will accelerate their technology’s time to market.”

“TDK Ventures’ repeat investment in GenCell once again highlights our belief in GenCell’s game- changing technology and leadership position in the fuel cell space, in accordance with TDK and GenCell’s mutual vision to deliver affordable green energy,” commented Nicolas Sauvage, Managing Director of TDK Ventures, the investment arm of TDK Corporation, the Japanese major electronics company and a world leader in the manufacture of lithium-ion batteries.

Rami Reshef, co-founder and CEO GenCell, remarked, “We are extremely honored and appreciative to note this extraordinary investment by leading international institutional and private investors. We recognize the investment by BNPP – a large and important institution focused on investments in renewable energy and hydrogen sectors – to be an expression of belief in GenCell’s revolution that we are undertaking. This investment follows upon our recent announcement regarding closer cooperation with the Japanese corporation TDK to develop the fuel of the future – green ammonia. The investment will enable us to continue to extend the momentum towards the objectives we set for ourselves in terms of establishing cooperation with important international bodies and reinforcing the positioning of GenCell in our target markets.”

About GenCell Energy

GenCell Energy (TASE: GNCL) fuel cell solutions offer affordable, clean power for humanity, enabling businesses to Say No to Diesel and render diesel generators obsolete. Using ultra-reliable fuel cell technology that powers spacecraft, we deliver backup power for utilities, homeland security, healthcare and automated industries. Our revolutionary process to create hydrogen-on-demand from anhydrous ammonia (NH3) enables our fuel cell solutions to also provide primary power for off-grid and poor-grid sites, as well as rural electrification. GenCell Energy numbers more than 90 employees, including veterans of space and submarine projects. The company is headquartered in Israel with a worldwide distribution and support network and retains unique intellectual property that includes patents, trade secrets and know-how.

For additional information, visit:, follow us on Twitter or visit our official Youtube channel.

Tal Sacharov, Head of Marketing
GenCell Energy
Tel: +972 54 5617161
[email protected] 

SOURCE GenCell Energy

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Servo Motors And Drives Market to grow by USD 3.15 billion during 2021-2025, ABB Ltd. and Danfoss AS emerge as Key Contributors to growth| Technavio




Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. 
Frequently Asked Questions:

  • Based on segmentation by product, which is the leading segment in the market?
    DC servo motors and drives will lead the market during the forecast period.
  • What is the key driver influencing the market?
    The rising demand for servo motors and drives for robotics applications will influence the market positively during 2021-2025.
  • At what rate is the market projected to grow?
    The market is projected to grow by over 4% in the next few years.
  •  How big is the APAC market?
    54% of the market growth will originate from APAC.

Related Reports on Industrials Include:

Motors and Drives Services Market by Product and Geography – Forecast and Analysis 2020-2024: The motors and drives services market size will record an incremental growth of $ 2.28 bn and a CAGR of 3% during 2020-2024. Download PDF Sample

Electric Drives Market by Product, End-user, and Geography – Forecast and Analysis 2021-2025: The electric drives market size has the potential to grow by USD 4.88 million during 2021-2025, according to Technavio. Download PDF Sample

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Danfoss AS, Mitsubishi Electric Corp., Nidec Corp., OMRON Corp., Regal Beloit Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yaskawa Electric Corp. are some of the major market participants. Although the increasing demand for integrated servo motors and brushless motors and surging focus on increasing energy efficiency in industries will offer immense growth opportunities. Intense competition among vendors is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this servo motors and drives market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Servo Motors and Drives Market 2021-2025: Segmentation

Servo Motors and Drives Market is segmented as below:

  • Product
    • DC Servo Motors And Drives
    • AC Servo Motors And Drives
  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample:

Servo Motors and Drives Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The servo motors and drives market report covers the following areas:

  • Servo Motors and Drives Market Size
  • Servo Motors and Drives Market Trends
  • Servo Motors and Drives Market Industry Analysis

This study identifies the increase in demand for automated equipment on industrial premises as one of the prime reasons driving the servo motors and drives the market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Servo Motors and Drives Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist servo motors and drives market growth during the next five years
  • Estimation of the servo motors and drives market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the servo motors and drives market across APAC, Europe, North America, MEA, and South America
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of servo motors and drives market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • DC servo motors and drives – Market size and forecast 2020-2025
  • AC servo motors and drives – Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Danfoss AS
  • Mitsubishi Electric Corp.
  • Nidec Corp.
  • OMRON Corp.
  • Regal Beloit Corp.
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yaskawa Electric Corp.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
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Email: [email protected]

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Underwater Connector Market Revenue to Cross USD 1.5 Bn by 2027: Global Market Insights Inc.




SELBYVILLE, Del., May 11, 2021 /PRNewswire/ — According to latest report “Underwater Connector Market by Type (Rigid Shell, Inductive Coupling, Rubber Molded, Underwater Electrical Mateable Connectors), Application (Defense, Oil & Gas, Remotely Operated Underwater Vehicles (ROVs)/Autonomous Underwater Vehicles (AUVs), Telecommunication, Oceanographic), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights Inc., the market valuation of underwater connectors will cross $1.5 billion by 2027.

The market growth is credited to increasing defense budgets across developed economies such as the U.S., China, Russia, the UK, and Germany. The race to gain technological advancement in underwater warfare is allowing major nations to invest in various underwater defense technologies. For instance, in December 2020, China deployed a fleet of underwater drones in the Indian Ocean. The new underwater vehicles can operate for months on end and can make observations for naval intelligence purposes. Such new underwater defense projects will add an opportunity for market expansion over the forecast period.

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The rigid shell segment captured around 24.5% of the underwater connector market share in 2020 led by increasing demand for robust connectivity solutions from critical subsea and offshore applications. The rigid shell underwater connectors offer several high-end features, such as robust build, longer lifespan, and lesser number of mating and un-mating cycles, suitable for critical subsea environments. The market players are emphasizing on using newer materials, such as stainless steel, nickel, and titanium, to further improve the product features.

The oil & gas application segment held an underwater connector market share of 23% in 2020 and is projected to witness 6.5% growth rate by 2027 owing to increasing demand for crude oil across the globe and the geotagging of various offshore oil & gas reservoirs. In the oil & gas sector, the underwater connectors are extensively integrated into offshore drills, pipelines, pumping systems, and underwater maintenance robots. Several oil & gas producers are focusing on new explorations and discoveries of crude oil reservoirs.

The Europe underwater connector market is estimated to attain a CAGR of over 5.5% during 2021 to 2027 on account of favorable government initiatives to support the offshore renewable energy sector. For instance, in November 2020, the European Commission introduced the Offshore Renewable Energy Strategy, which will focus on establishing floating & fixed offshore wind energy projects. The new strategy focuses on increasing the region’s offshore wind capacity from 12 GW existing capacity to 60 GW by 2030. The underwater connector and cable systems transfer electricity from these offshore plants to onshore electric grids. Such supportive government strategies will boost the market value.

Some of the major leaders operating in the underwater connector market include Amphenol Corporation, Birns Aquamate LLC., C.R. Encapsulation Limited, Eaton Corporation, Fischer Connectors SA, and Teledyne Marine, among others. The companies operating are continuously focusing on new product innovation and research & development activities to stay competitive in the market.

Request for customization of this research report @ 

Some major findings of the underwater connector market report include:

  • Increasing deployment of submarine cable networks by telecom service providers will propel the adoption of underwater connectors during the forecast timeframe. The submarine communication cables are widely installed for data transmission over long distances. The rising internet traffic and the requirement for high-bandwidth connectivity in developing economies will support the subsea cables. 
  • Rising government initiatives toward deep sea mining and exploration activities will spur the underwater connector market demand. Several countries including India, Australia, China, and the U.S. are accelerating their deep-sea mining activities and exploration projects to procure various minerals and fossil fuel reservoirs present in underwater ridges and sediments.
  • Technological advancements in inductive coupling underwater connectors, such as pin-less inductive coupling technology that enables exchange of data without establishing any physical contact in ROVs/AUVs, are driving the industry growth
  • The COVID-19 pandemic severely impacted the industry progression in the first half of 2020. The stringent lockdown imposed by several governments has resulted into international trade barriers and disruption in supply chain of underwater connectors. In addition, the pandemic has resulted into temporary shutdown of various underwater mining projects and offshore oil & gas activities, further restraining the industry revenue for a short-term period.

Table of Contents (ToC) of the report:

Chapter 3   Underwater Connector Market Insights

3.1    Introduction

3.2    Industry segmentation

3.3    Impact analysis of coronavirus (COVID-19) pandemic

3.3.1    Global outlook

3.3.2    Impact by region

3.3.3    Industry value chain

3.3.4    Competitive landscape

3.4    Technological evolution

3.5    Industry ecosystem analysis

3.5.1    Raw material supplier

3.5.2    Mechanical & electrical component supplier

3.5.3    Manufacturers

3.5.4    Third-party manufacturers & distributors

3.5.5    End-users

3.5.6    Vendor matrix

3.6    Technological & innovation landscape

3.6.1    High speed optical connectors

3.6.2    Advancement in inductive connectors

3.6.3    Shallow water immersion connectors

3.7    Regulatory landscape

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.2    Industry pitfalls & challenges

3.9    Porter’s Analysis

3.10    PESTEL analysis

3.11    Growth potential analysis

Browse Complete Table of Contents (ToC) @

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]

Related Images

Underwater Connector Market Growth Predicted at 6.8% Through 2027: GMI
Major underwater connector market players include Amphenol Corporation, Birns Aquamate LLC., C.R. Encapsulation Limited, Eaton Corporation, Fischer Connectors SA, and Teledyne Marine.

SOURCE Global Market Insights Inc.

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Medical Polymers Market Size Worth $27.75 Billion By 2028 | CAGR: 8.0%: Grand View Research, Inc.




SAN FRANCISCO, May 11, 2021 /PRNewswire/ — The global medical polymers market size is anticipated to reach a value of USD 27.75 billion by the end of the forecast period in 2028, as per a new market study by Grand View Research, Inc. It is projected to expand at a CAGR of 8.0% from 2021 to 2028. Growing demand for medical and pharmaceutical packaging, especially flexible packaging for medicines, blood bags, surgical gloves, and medical drapes, has been driving the market growth over the last few years. The growing importance of medical polymers in hip and joint replacement applications, and spinal and cranial implants, is gaining popularity and is expected to significantly impact the market growth.

Key suggestions from the report:

  • In terms of product, the fibers and resins segment occupied a market share of 74.36% in 2020. The high demand can be attributed to the better thermal and chemical resistance properties of the product
  • The biodegradable plastics segment is anticipated to register a CAGR of 15.7% during the forecast period. The rising adoption of biodegradable plastics in the manufacturing of a range of medical equipment and its growing use in prosthetics for replacement procedures is anticipated to drive the demand during the forecast period
  • The medical devices and equipment segment is projected to dominate the demand in terms of application, with a market share of 53.8% in 2020. Increasing use of polymers in the manufacturing of implants, joint & hip replacements, and cardiology stents are projected to drive the market growth during the forecast period
  • The Asia Pacific region is anticipated to dominate the demand for medical polymers in terms of production and consumption. The region is estimated to expand at a CAGR of 9.2% during the forecast period. Improvement in the standard of living, rising awareness about the benefits of medical polymers compared to their traditional counterparts, and rise in home healthcare devices have been the factors driving the regional demand.

Read 101 page research report with ToC on “Medical Polymers Market Size, Share & Trends Analysis Report By Product (Medical Resins & Fibers, Medical Elastomers), By Application (Medical Devices & Equipment, Medical Packaging), By Region, And Segment Forecasts, 2021 – 2028” at:

The medical devices and equipment was the largest application segment for medical polymers, with a market share of 53.80% in 2020. The growing scope of flexible packaging in medical goods is anticipated to drive the growth of the segment. The increasing consumer awareness of hygiene further supports the demand for flexible packaging in medical goods. The rise of the home healthcare market has contributed to the growing popularity of medical polymers, and this trend is expected to continue in the forthcoming years.

Increasing R&D spending for biodegradable plastics coupled with application development by market participants is anticipated to create promising prospects for market growth. PVC and PP occupy the largest market share due to various superior attributes such as high mechanical, thermal, chemical strength, wear and corrosion resistance, and high resilience and endurance levels. This allows these materials to be consumed in various medical applications. However, raw material price volatility and crude oil price fluctuation can impact market growth.

Grand View Research has segmented the global medical polymers market based on product, application, and region:

  • Medical Polymers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
    • Medical Resins & Fibers
      • Polyvinyl Chloride
      • Polypropylene
      • Polyethylene
      • Polystyrene
      • Others
    • Medical Elastomers
      • Styrene Block Co-polymer
      • Rubber Latex
      • Others
    • Biodegradable Plastics
  • Medical Polymers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
    • Medical Equipment & Devices
    • Medical Packaging
    • Others
  • Medical Polymers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2028)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa.

List of Key Players of Medical Polymers Market

  • Evonik Industries AG
  • DSM N.V.
  • Celanese Corporation
  • Eastman Chemical
  • Exxon Mobil Corporation
  • Kraton Performance Polymers Inc.
  • Formosa Plastics Corporation.

Find more research reports on Plastics, Polymers & Resins Industry, by Grand View Research:

  • Polymer Foam Market – The global polymer foam market size was valued at USD 113.89 billion in 2019 and is projected to expand at a CAGR of 3.8% from 2020 to 2027. Growing applications in various industries, such as packaging, furniture and bedding, and automotive industries, are expected to drive the type demand.
  • Pharmaceutical Packaging Market – The global pharmaceutical packaging market size was valued at USD 98.58 billion in 2019 & is anticipated to expand at a CAGR of 8.5% over the forecast period. Rising focus on sustainability with the adoption of biodegradable & recyclable materials is likely to further fuel the growth.
  • Medical Grade Silicone Rubber Market – The global medical grade silicone rubber market size was valued at USD 563.2 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2020 to 2027.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.


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Grand View Research, Inc.
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Clean Air Metals Provides a Corporate Update Including Payment of $1.5 million to Panoramic Resources and Commencement of Environmental Baseline Data Collection




THUNDER BAY, ON, May 11, 2021 /PRNewswire/ – Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce completion of a C$1.5 million installment payment to Panoramic Resources Limited (PAN: ASX) of Australia.

The Company acquired a 100% interest in the Current Lake Pt-Pd-Rh-Cu-Ni magma conduit deposit from Panoramic Resources for C$9 million, with a $4.5 million down payment under a security interest on May 14, 2020 as previously reported. The transaction included the sale of a 100% interest in Canadian subsidiary Panoramic PGMs (Canada) Ltd. directly to Clean Air Metals under the option with Benton Resources Inc. (BEX: TSXV). Panoramic PGMs (Canada) Ltd., now a wholly-owned subsidiary of Clean Air Metals, in turn owns 100% of the Current Lake deposit. Two equal payments totaling C$3 million remain for May, 2022 and May, 2023. The security obligation may be retired in advance by payment in full at any time without penalty.

In keeping with its commitment to environmental sustainability as it continues with a previously announced 45,000m diamond drilling campaign, the Company has also commenced environmental baseline field data gathering in support of a future environmental impact assessment and permitting of the Thunder Bay North Project. The Company’s service providers DST, a Division of Englobe Corp. and NorthWinds Environmental are mandated to systematically gather and report on baseline data for hydrology (surface waters), hydrogeology (subsurface water table), noise, water quality, aquatic biology, wildlife biology, weather patterns and potential for metals leaching and acid rock drainage (ARD).

In addition, Woodlands Heritage Northwest will also complete and report on Stage 1 and Stage 2 archaeology studies in the area of the Escape Lake, Current Lake and Steepledge Lake Basins. All work, particularly the archaeology program, is being completed in cooperation with and under the supervision of the Participating First Nation communities, a collaboration announced January 11, 2021.

Metallurgical beneficiation and optimization studies of drill-derived bulk sample deposit material is ongoing at Blue Coast Research of British Columbia, Canada, as previously announced. The potential of the Thunder Bay North Project magma conduit deposit system is well illustrated by publication of the ramp access, high grade selective underground mine model-constrained mineral resource, reported on January 20, 2021.

The Current Lake Deposit has an Indicated mineral resource of 1,328,789 oz PdEq at an average grade of 3.44 g/t PdEq in 11,999,177 tonnes. The Escape Lake Deposit in turn has an overall Indicated mineral resource of 505,369 ounces PdEq at 3.67g/t PdEq in 4,286,220 tonnes and is geologically open along trend (pursuant to the January 20, 2021 NI 43-101 Technical Report and Mineral Resource Estimate for the Thunder Bay North Project, Thunder Bay, Ontario, prepared by Nordmin Engineering Ltd. and QP Glen Kuntz, P.Geo, as posted to SEDAR on March 4, 2021).

Clean Air Metals’ CEO Abraham Drost, P.Geo. stated that “as the commitment to long term environmental baseline data collection demonstrates, the Company is committed to operating by the highest standards of environmental, social and governance (ESG) factors. Clean Air Metals is a leader among its peers in the junior mining exploration and development space. This starts from the ground up with staff field health and safety protocols. The Company’s comprehensive COVID avoidance policy has been in place since February, 2020 with zero incidence of infection among staff and service providers. Field staff and management have completed Indigenous cultural sensitivity training and review of the PDAC e3 Plus exploration best practices guidelines.

From a Social factor perspective, Clean Air Metals has achieved excellent progress in accommodation with its proximate, directly affected First Nation Partners through the Memorandum of Agreement reported January 11, 2020, establishing a project partnership going forward. The Company is focused on maximizing related indigenous and gender equity employment opportunities both on staff and through third party service providers.

The Company’s Environmental and Social factor performance are borne of a strong policy and Governance factor mandate that is driven by the Company’s Board of Directors. The Company has published various Corporate Governance policies to its website at including the Code of Business Conduct and Ethics, Sustainability Policy, Ethical Workplace and Reporting Policy and Procedure and the Equity, Diversity and Inclusion Policy.”

About Clean Air Metals Inc.

Clean Air Metals’ flagship asset is the Thunder Bay North Project, a platinum, palladium, copper, nickel project located near the City of Thunder Bay, Ontario and the Lac des Iles Mine owned by Impala Platinum Holdings. The Clean Air Metals project hosts the Current Lake Deposit and magma conduit and the Company is actively exploring the Escape Lake Deposit, a twin conduit structure to the Current Lake Deposit. Executive Chairman Jim Gallagher, P.Eng. and CEO Abraham Drost, P.Geo. lead an experienced team of geologists and engineers who are using the Norilsk magma conduit stratigraphic and mineral deposit model to guide ongoing exploration and development studies. As the former CEO of North American Palladium Ltd. which owned the Lac des Iles Mine prior to the sale to Impala Platinum in December, 2019, Jim Gallagher and team are credited with the mine turnaround and creation of significant value for shareholders.

Qualified Person

Mr. Allan MacTavish, P.Geo. a Qualified Person under National Instrument 43-101 and VP-Project Manager of the Company, has reviewed and approved all technical information in this press release.

Social License

Clean Air Metals Inc. and its wholly-owned subsidiary Panoramic PGMs (Canada) Ltd. acknowledge that the Thunder Bay North Project is on the traditional territories of the Fort William First Nation, Red Rock Indian Band and Biinjitiwabik Zaaging Anishinabek. The parties together are the Cooperating Participants in a Memorandum of Agreement dated January 9, 2021 and the issue of Warrants, reported January 28, 2021.


“Abraham Drost”
Abraham Drost, Chief Executive Officer of Clean Air Metals Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.” Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development  activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company’s expectations or projections.

SOURCE Clean Air Metals Inc.

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