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Clean Air Metals Files Interim Financial Statements for the Three Months Ended April 30, 2025
THUNDER BAY, ON / ACCESS Newswire / June 30, 2025 / 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 Three Months Ended April 30, 2025THUNDER BAY, ON / ACCESS Newswire / June 30, 2025 / 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 three-month period ended April 30, 2025, available for viewing on www.sedarplus.ca.Financial HighlightsTotal assets as at April 30, 2025 of $37,507,184Total cash as at April 30, 2025 of $2,475,945Working capital deficiency as at April 30, 2025 of $527,130Shareholder's equity as at April 30, 2025 of $33,668,042During the quarter, the Company incurred $584,284 in cost for exploration activities at the Thunder Bay North project. The team performed drilling and follow-up geophysics activities at the Current Deposit, that were focused on expanding the high-grade ballrooms in the Lower Current and Bridge zones. The results of this program were critical in aiding the Company towards developing a revised high-grade, moderate tonnage mine plan for the asset.Financial Summary For the three months ended April 30,2025 April 30,2024 Operating Expenses $352,569 $863,264 Net Loss and Comprehensive Loss (223,641) (863,264) Loss per share - Basic and Diluted $(0.00) $(0.00) April 30,2025 January 31,2025 Total Assets $37,507,184 $37,908,937 Total Liabilities 3,839,141 4,017,254 Total Shareholders' Equity $33,668,042 $33,891,683 Full details of the financial reports and operating results for the three month period ended April 30, 2025 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, Ju...