Clean Air Metals Files Interim Financial Statements for the Six Months Ended July 31, 2024
October 2, 2024
Thunder Bay, ON, – Clean Air Metals Inc. (“Clean Air Metals” or the “Company”) (TSX.V: 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 Highlights
- Total assets as at July 31, 2024 of $37,635,700
- Total cash as at July 31, 2024 of $4,194,919
- Working capital as at July 31, 2024 of $922,959
- Shareholder’s equity as at July 31, 2024 of $33,677,958
Mike 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.”
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 Metals
Clean 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 potential for expansion down-plunge.
One of the rare primary platinum resources outside of South Africa, the TBN project is in a stable and mining-friendly jurisdiction and benefits from longstanding relationships with local First Nations. With its proven technical team, Clean Air Metals is committed to growing the resources at the TBN project and creating long-term value for shareholders.
Social Engagement
Clean Air Metals Inc. acknowledges that the Thunder Bay North Critical Minerals Project is located within the area encompassed by the Robinson-Superior Treaty of 1850, and includes the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals also acknowledges the contributions of the Métis Nation of Ontario, Region 2 and the Red Sky Métis Independent Nation to the rich history of our area.
The Company appreciates the opportunity to work in these territories and remains committed to the recognition and respect of those who have lived, traveled, and gathered on the lands since time immemorial. Clean Air Metals is committed to stewarding Indigenous heritage and remains committed to building, fostering and encouraging a respectful relationship with First Nations, Métis and Inuit peoples based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mike Garbutt”
Mike Garbutt, CEO of Clean Air Metals Inc.
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Visit www.cleanairmetals.ca for more information or contact:
Mia Boiridy
Director of Communications and Investor Relations
250-575-3305
mboiridy@cleanairmetals.ca
NT4
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