Clean Air Metals Files Interim Financial Statements for the Nine Months Ended October 31, 2024
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) has released its financial statements for the nine months ended October 31, 2024. Key financial metrics include total assets of $37,234,144, cash position of $3,121,173, working capital of $212,518, and shareholder's equity of $33,555,754.
During the third quarter, the company initiated a drill program focusing on expanding higher-grade pods at the Current deposit. Management has outlined a revised development strategy, repositioning the asset as a high-grade, low tonnage project while maintaining controlled spending. CEO Mike Garbutt expressed confidence in the company's financial position to support project development through 2025.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) ha pubblicato i suoi bilanci finanziari per i nove mesi conclusi il 31 ottobre 2024. I principali indicatori finanziari includono attivi totali di $37.234.144, posizione di cassa di $3.121.173, capitale circolante di $212.518 e patrimonio netto degli azionisti di $33.555.754.
Durante il terzo trimestre, l'azienda ha avviato un programma di perforazione volto ad espandere i pod di alta qualità nel deposito Current. La direzione ha delineato una strategia di sviluppo riveduta, riposizionando l'asset come un progetto ad alta qualità e bassa tonnellaggio, mantenendo al contempo una spesa controllata. Il CEO Mike Garbutt ha espresso fiducia nella posizione finanziaria dell'azienda per supportare lo sviluppo del progetto fino al 2025.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) ha publicado sus estados financieros para los nueve meses finalizados el 31 de octubre de 2024. Los principales indicadores financieros incluyen activos totales de $37,234,144, posición de efectivo de $3,121,173, capital de trabajo de $212,518 y patrimonio neto de los accionistas de $33,555,754.
Durante el tercer trimestre, la compañía inició un programa de perforación centrado en expandir los pod de mayor grado en el depósito Current. La gerencia ha delineado una estrategia de desarrollo revisada, reposicionando el activo como un proyecto de alta ley y bajo tonelaje, mientras mantiene un gasto controlado. El CEO Mike Garbutt expresó confianza en la posición financiera de la compañía para apoyar el desarrollo del proyecto hasta 2025.
클린 에어 메탈스 Inc. (TSXV:AIR, OTCQB:CLRMF)는 2024년 10월 31일 기준 9개월 동안의 재무제표를 발표했습니다. 주요 재무 지표로는 총 자산 $37,234,144, 현금 잔고 $3,121,173, 운전 자본 $212,518, 주주 자본 $33,555,754가 포함됩니다.
3분기 동안 회사는 커런트 매장지의 고등급 포드를 확장하는 데 중점을 둔 드릴 프로그램을 시작했습니다. 경영진은 자산을 고등급 저톤 수 프로젝트로 재편성하는 수정된 개발 전략을 수립했으며, 지출을 통제된 상태로 유지하고 있습니다. CEO 마이크 가르부트는 2025년까지 프로젝트 개발을 지원할 수 있는 회사의 재무적 위치에 대한 자신감을 표현했습니다.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) a publié ses états financiers pour les neuf mois se terminant le 31 octobre 2024. Les principaux indicateurs financiers incluent un total d'actifs de $37,234,144, une position de trésorerie de $3,121,173, un fonds de roulement de $212,518 et des capitaux propres des actionnaires de $33,555,754.
Au cours du troisième trimestre, la société a lancé un programme de forage axé sur l'expansion des pods de haute qualité dans le dépôt Current. La direction a défini une stratégie de développement révisée, repositionnant l'actif comme un projet de haute qualité et faible tonnage tout en maintenant des dépenses contrôlées. Le PDG Mike Garbutt a exprimé sa confiance dans la position financière de l'entreprise pour soutenir le développement du projet jusqu'en 2025.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) hat ihre Finanzberichte für die neun Monate, die am 31. Oktober 2024 endeten, veröffentlicht. Wichtige Finanzkennzahlen umfassen Gesamtvermögen von $37.234.144, Kassenstand von $3.121.173, Betriebskapital von $212.518 und Eigenkapital der Aktionäre von $33.555.754.
Im dritten Quartal hat das Unternehmen ein Bohrprogramm initiiert, das sich auf die Erweiterung von hochwertigeren Poden im Current-Vorkommen konzentriert. Das Management hat eine überarbeitete Entwicklungsstrategie skizziert und das Asset als ein Projekt mit hoher Qualität und niedrigem Tonnenaufkommen neu positioniert, während es die Ausgaben kontrolliert hält. CEO Mike Garbutt äußerte Zuversicht in die finanzielle Lage des Unternehmens, um die Projektentwicklung bis 2025 zu unterstützen.
- Strong asset base of $37.2 million
- Healthy cash position of $3.1 million
- Substantial shareholder's equity of $33.6 million
- Ongoing drill program targeting high-grade expansion
- working capital of $212,518
THUNDER BAY, ON / ACCESSWIRE / December 19, 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 nine-month period ended October 31, 2024, available for viewing on www.sedarplus.ca.
Financial Highlights
Total assets as at October 31, 2024 of
$37,234,144 Total cash as at October 31, 2024 of
$3,121,173 Working capital as at October 31, 2024 of
$212,518 Shareholder's equity as at October 31, 2024 of
$33,555,754
Mike Garbutt, CEO of the Company, commented, "The third quarter marked a period where we activated a drill program to expand on higher grade pods at the Current deposit, and outlined a revised development path for the asset as a high-grade, low tonnage project. This was achieved while continuing to control overall spending for the quarter. We are comfortable with our financial position to continue our project development path through 2025."
Full details of the financial reports and operating results for the nine-month period ended October 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,
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.
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
mboiridy@cleanairmetals.ca
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.
SOURCE: Clean Air Metals, Inc.
View the original press release on accesswire.com
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