06:40:20 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Clean Commodities Corp
Symbol CLE
Shares Issued 74,168,845
Close 2017-07-21 C$ 0.065
Market Cap C$ 4,820,975
Recent Sedar Documents

Clean Commodities begins work at Manitou

2017-07-24 11:34 ET - News Release

Also News Release (C-CIN) Canadian International Minerals Inc (2)

Mr. Ryan Kalt of Clean Commodities reports

CLEAN COMMODITIES CORP. ANNOUNCES EXPANDED EXPLORATION PROGRAM AT THE MANITOU COBALT PROJECT; FIELD WORK COMMENCES

Clean Commodities Corp., as operator, has commenced a work exploration program at the Manitou cobalt project, under option from Canadian International Minerals Inc.

The helicopter-supported, multicrew exploration program commenced on July 23 and is focused on field sampling and prospecting numerous targets and showings already identified within the project. In addition, exploration crews will be field confirming a number of prospective drilling locations to be further evaluated upon receipt of assay results from field samples, which are expected to be processed on an expedited basis.

"We are excited to have crews on the ground actively exploring the Manitou cobalt project, which is an advanced exploration project that has attracted considerable technical interest within our industry. On behalf of our shareholders, we are pleased to be moving this high-impact, cobalt-nickel-PGM [platinum group metal] exploration project forward both this summer and beyond," stated Ryan Kalt, chief executive officer of Clean Commodities.

Three-fold increase to exploration program budget

Following additional technical review of the Manitou cobalt project, the parties determined that a larger exploration budget would more effectively evaluate the significant number of targets and showings within the project area. Consequently, but subject to a back-in right, Clean Commodities and Canadian International have agreed to modify the option agreement such that Clean Commodities will hold 75 per cent of the Manitou cobalt program in exchange for a three-fold increase of the initial exploration earn-in budget originally announced by the parties on Feb. 20, 2017. Clean Commodities has fully financed this new, increased exploration budget. Canadian International has the right to back in to the expanded exploration program and retain a 50-per-cent portion of the Manitou cobalt project by financing one-half of the increased budget amount within 30 days of the commencement of the exploration program.

About the Manitou cobalt-nickel-PGE (platinum group element) project

For detailed information on the Manitou cobalt project please consult the news release, "Clean Commodities Corp. announces Manitou cobalt project transaction with Canadian International Minerals Inc." dated Feb. 22, 2017.

About Clean Commodities Corp.

Clean Commodities is an exploration company involved in a diverse portfolio of clean commodity assets including lithium, cobalt, zeolite and uranium projects.

We seek Safe Harbor.

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