Clean Air Metals Files Interim Financial Statements
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Clean Air Metals Files Interim Financial Statements
for the Three Months Ended April 30, 2025
Thunder Bay, ON, June 30, 2025 – 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 three-month period ended April 30, 2025, available for viewing on
www.sedarplus.ca.
Financial Highlights
• Total assets as at April 30, 2025 of $37,507,184
• Total cash as at April 30, 2025 of $2,475,945
• Working capital deficiency as at April 30, 2025 of $527,130
• Shareholder’s equity as at April 30, 2025 of $33,668,042
During 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
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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 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, travelled, 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.
Connect with us on X/ Facebook/ Instagram.
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Visit www.cleanairmetals.ca for more information or contact:
Mia Boiridy
Director of Communications and Investor Relations
250-575-3305
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Note
The information contained herein contains "forward-looking statements" within the
meaning of applicable securities legislation. Forward-looking statements relate to
information that is based on assumptions of management, forecasts of future results,
and estimates of amounts not yet determinable. Any statements that express
predictions, expectations, beliefs, plans, projections, objectives, assumptions or, future
events or performance are not statements of historical fact and may be "forward-looking
statements." Forward-looking statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from those reflected in
the forward-looking statements, including, without limitation: political and regulatory
risks associated with mining and exploration; risks related to the maintenance of stock
exchange listings; risks related to environmental regulation and liability; the potential
for delays in exploration or development activities or the completion of feasibility
studies; the uncertainty of profitability; risks and uncertainties relating to the
interpretation of drill results, the geology, grade and continuity of mineral deposits;
risks related to the inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses; results of prefeasibility and feasibility
studies, and the possibility that future exploration, development or mining results will
not be consistent with the Company's expectations; risks related to commodity price
fluctuations; and other risks and uncertainties related to the Company's prospects,
properties and business detailed elsewhere in the Company's disclosure record.
Should one or more of these risks and uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those described in
forward-looking statements. Investors are cautioned against attributing undue certainty
to forward-looking statements. These forward-looking statements are made as of the
date hereof, and the Company does not assume any obligation to update or revise
them to reflect new events or circumstances except in accordance with applicable
securities laws. Actual events or results could differ materially from the Company's
expectations or projections.