Clean Air Metals Files Interim Financial Statements
1
Clean Air Metals Files Interim Financial Statements
for the Three Months Ended April 30, 2026
Thunder Bay, ON, June 30, 2026 – 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, 2026, available for viewing on
www.sedarplus.ca.
Financial Highlights
• Total assets as at April 30, 2026 of $35,855,341
• Total cash as at April 30, 2026 of $664,328
• Working capital deficiency as at April 30, 2026 of $2,683,766
• Shareholder’s equity as at April 30, 2026 of $32,258,687
During the three-month period ended April 30, 2026, the Company incurred $57,783
in cost for exploration activities at the TBN project. During the quarter, the Company
has been pursuing project financing alternatives while continuing to advance critical
aspects of the project including progressing Advanced Exploration permitting
discussions, and detailed planning for the next phase of exploration at Escape down-
plunge.
2
Financial Summary
For the three months ended
April 30,
2026
April 30,
2025
Operating Expenses $ 356,240 $ 352,569
Net Loss and Comprehensive
Loss
(349,906) (223,641)
Loss per share –
Basic and Diluted $ (0.00) $ (0.00)
April 30,
2026
January 31,
2026
Total Assets $ 35,855,341 $ 36,226,670
Total Liabilities 3,596,654 3,621,866
Total Shareholders’ Equity $ 32,258,687 $ 32,604,804
Full details of the financial reports and operating results for the three-month period
ended April 30, 2026 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 14.9 Mt indicated mineral resource grading 2.66
g/t (Pt+Pd), 0.40% Cu and 0.24% Ni (NI 43-101 PEA Technical Report, Thunder Bay
North Project, Ontario, Canada SLR Consulting Canada Ltd, November 21, 2025,) 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
3
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.
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;
4
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.