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Clean Air Metals Files Interim Financial Statements for the Six Months Ended July 31, 2023
THUNDER BAY, ON / ACCESSWIRE / September 29, 2023 / Clean Air Metals Inc. (" Clean Air Metals " ...
About this update from Clean Air Metals, Inc.
[{"type":"text","content":"Clean Air Metals Files Interim Financial Statements for the Six Months Ended July 31, 2023THUNDER BAY, ON / ACCESSWIRE / September 29, 2023 / Clean Air Metals Inc. (\"Clean Air Metals\" or the \"Company\") (TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) announces that it has filed its unaudited consolidated interim financial statements and management's discussion and analysis for the six-month period ended July 31, 2023, available for viewing on www.sedarplus.ca.Financial HighlightsTotal assets as at July 31, 2023 of $40,578,504Total cash as at July 31, 2023 of $8,236,668Working capital as at July 31, 2023 of $8,652,794Shareholder's equity as at July 31, 2023 of $37,274,294Financial Summary For the three months ended For the six months ended July 31,2023 July 31,2022 July 31,2023 July 31,2022 Operating Expenses $1,096,522 $1,010,351 $2,073,693 $2,108,430 Net Loss and Comprehensive Loss (1,002,805) (746,643) (1,908,304) (1,307,514) Loss per share - Basic and Diluted $(0.01) $(0.01) $(0.01) $(0.01) July 31, 2023 January 31, 2023 Total Assets $40,578,504 $42,290,356 Total Liabilities 3,304,210 3,425,984 Total Shareholders' Equity $37,274,294 $38,864,372 Full details of the financial reports and operating results for the six-month period ended July 31, 2023 are described in the Company's unaudited consolidated interim financial statements with accompanying notes and related Management's Discussion and Analysis, available on SEDAR at www.sedarplus.ca.CEO StatementJim Gallagher, CEO stated, \"During this low point in the cycle for the junior mining market Clean Air Metals remains focused on prudent cash management and developing the targets and execution plan for the next phase of drilling on the down plunge extension of the Escape deposit expected to start in early 2024. We are confident that the pending supply crisis for the critical metals which are necessary to drive the green economy will bring investors back to the mining space with substantially improved commodity prices. Of particular significance for Clean Air Metals is the expected demand increase for Platinum given its role in the production and consumption of green Hydrogen. The Thunder Bay North project will potentially be one of the only primary Platinum mines in the world outside of South Africa.\"Social EngagementClean Air Metals Inc. and its wholly owned subsidiary Panoramic PGMs (C...