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Clean Air Metals Files Interim Financial Statements for the Six Months Ended July 31, 2024
THUNDER BAY, ON / ACCESSWIRE / September 30, 2024 / 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, 2024THUNDER BAY, ON / ACCESSWIRE / September 30, 2024 / 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, 2024, available for viewing on www.sedarplus.ca.Financial HighlightsTotal assets as at July 31, 2024 of $37,635,700Total cash as at July 31, 2024 of $4,194,919Working capital as at July 31, 2024 of $922,959Shareholder's equity as at July 31, 2024 of $33,677,958Mike Garbutt, CEO of the Company, commented, \"We are comfortable with our current financial position for project development activities through the end of 2025 and we look forward to meaningful progress over this period. As a reminder to shareholders, further results from the late summer drill program are pending.\"Financial Summary For the three months ended For the six months ended July 31,2024 July 31,2023 July 31,2024 July 31,2023 Operating Expenses $1,437,180 $1,096,522 $2,300,444 $2,073,693 Net Loss and Comprehensive Loss (1,425,964) (1,002,805) (2,289,228) (1,908,304) Loss per share - Basic and Diluted $(0.01) $(0.01) $(0.01) $(0.01) July 31,2024 January 31,2024 Total Assets $37,635,700 $39,205,074 Total Liabilities 3,957,742 3,478,961 Total Shareholders' Equity $33,677,958 $35,726,113 Full details of the financial reports and operating results for the six-month period ended July 31, 2024 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.About Clean Air MetalsClean Air Metals is a development and exploration company advancing its flagship, 100% owned Thunder Bay North Critical Minerals (\"TBN\") project, 40 km northeast of Thunder Bay, Ontario. The TBN project, accessible by road and next to established infrastructure, hosts two (2) deposits - the Current and Escape deposits, only 2.5 km apart. Together, the deposits host a 13.8 Mt indicated mineral resource containing 2.4M Pt eq. oz (Technical Report on the Thunder Bay North Project, Ontario Canada, NI43-101, SLR Consulting Canada Ltd, June 19, 2023) with significant potent...