Clean Air Metals Files Interim Financial Statements for the Six Months Ended July 31, 2024
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) has filed its unaudited consolidated interim financial statements for the six-month period ended July 31, 2024. Key financial highlights include:
- Total assets: $37,635,700
- Total cash: $4,194,919
- Working capital: $922,959
- Shareholder's equity: $33,677,958
CEO Mike Garbutt expressed confidence in the company's financial position for project development activities through the end of 2025. The company reported a net loss of $2,289,228 for the six months ended July 31, 2024, compared to $1,908,304 for the same period in 2023. Operating expenses increased to $2,300,444 from $2,073,693 year-over-year. Clean Air Metals anticipates further results from its late summer drill program.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) ha presentato i suoi bilanci consolidati intermedi non verificati per il sei mesi chiuso il 31 luglio 2024. Principali aspetti finanziari includono:
- Attività totali: $37,635,700
- Cassae totali: $4,194,919
- Capitale circolante: $922,959
- Patrimonio netto degli azionisti: $33,677,958
Il CEO Mike Garbutt ha espresso fiducia nella posizione finanziaria dell'azienda per le attività di sviluppo dei progetti fino alla fine del 2025. La società ha riportato una perdita netta di $2,289,228 per i sei mesi conclusi il 31 luglio 2024, rispetto a $1,908,304 per lo stesso periodo del 2023. Le spese operative sono aumentate a $2,300,444 rispetto a $2,073,693 nell'anno precedente. Clean Air Metals prevede ulteriori risultati dal suo programma di perforazione di fine estate.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) ha presentado sus estados financieros intermedios consolidados no auditados para el período de seis meses que finalizó el 31 de julio de 2024. Aspectos financieros clave incluyen:
- Activos totales: $37,635,700
- Liquidez total: $4,194,919
- Capital de trabajo: $922,959
- Patrimonio neto de los accionistas: $33,677,958
El CEO Mike Garbutt expresó confianza en la posición financiera de la empresa para las actividades de desarrollo de proyectos hasta finales de 2025. La compañía reportó una pérdida neta de $2,289,228 para los seis meses que finalizaron el 31 de julio de 2024, en comparación con $1,908,304 para el mismo período en 2023. Los gastos operativos aumentaron a $2,300,444 desde $2,073,693 año tras año. Clean Air Metals anticipa más resultados de su programa de perforación de finales de verano.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF)는 2024년 7월 31일 종료된 6개월 간의 감사되지 않은 합병 재무제표를 제출했습니다. 주요 재무 하이라이트는 다음과 같습니다:
- 총 자산: $37,635,700
- 총 현금: $4,194,919
- 운전자본: $922,959
- 주주의 자기자본: $33,677,958
CEO 마이크 가버트는 2025년 말까지 프로젝트 개발 활동에 대한 회사의 재무 상태에 대해 확신을 표명했습니다. 회사는 2024년 7월 31일 종료된 6개월 동안 $2,289,228의 순손실을 기록했으며, 이는 2023년 같은 기간의 $1,908,304와 비교됩니다. 운영비용은 전년 대비 $2,073,693에서 $2,300,444로 증가했습니다. Clean Air Metals는 여름 말 드릴 프로그램의 추가 결과를 예상하고 있습니다.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) a déposé ses états financiers intermédiaires consolidés non audités pour la période de six mois se terminant le 31 juillet 2024. Points financiers clés incluent :
- Actifs totaux : $37,635,700
- Liquidités totales : $4,194,919
- Capitaux propres : $922,959
- Capitaux propres des actionnaires : $33,677,958
Le PDG Mike Garbutt a exprimé sa confiance dans la position financière de l'entreprise pour les activités de développement de projets jusqu'à la fin de 2025. La société a déclaré une perte nette de $2,289,228 pour les six mois se terminant le 31 juillet 2024, par rapport à $1,908,304 pour la même période en 2023. Les dépenses d'exploitation ont augmenté de $2,073,693 à $2,300,444 d'une année sur l'autre. Clean Air Metals prévoit d'autres résultats de son programme de forage de fin d'été.
Clean Air Metals Inc. (TSXV:AIR, OTCQB:CLRMF) hat ihre ungeprüften konsolidierten Zwischenfinanzberichte für den sechsmonatigen Zeitraum zum 31. Juli 2024 eingereicht. Wichtige finanzielle Highlights umfassen:
- Gesamtvermögen: $37,635,700
- Gesamtliquidität: $4,194,919
- Umlaufvermögen: $922,959
- Eigenkapital der Aktionäre: $33,677,958
CEO Mike Garbutt äußerte Vertrauen in die finanziellen Möglichkeiten des Unternehmens für die Projektentwicklungsaktivitäten bis Ende 2025. Das Unternehmen berichtete von einem Nettoverlust von $2,289,228 für die sechs Monate bis zum 31. Juli 2024, verglichen mit $1,908,304 für denselben Zeitraum im Jahr 2023. Die Betriebskosten stiegen im Jahresvergleich von $2,073,693 auf $2,300,444. Clean Air Metals erwartet weitere Ergebnisse aus seinem Spät-Sommer-Bohrprogramm.
- Total assets of $37,635,700 as of July 31, 2024
- Cash position of $4,194,919
- Positive working capital of $922,959
- Strong shareholder's equity of $33,677,958
- Net loss increased to $2,289,228 for the six months ended July 31, 2024, up from $1,908,304 in the previous year
- Operating expenses rose to $2,300,444 from $2,073,693 year-over-year
- Total assets decreased from $39,205,074 on January 31, 2024 to $37,635,700 on July 31, 2024
THUNDER BAY, ON / ACCESSWIRE / September 30, 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 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."
Financial Summary
| For the three months ended |
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| For the six months ended |
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| July 31, 2024 |
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| July 31, 2023 |
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| July 31, 2024 |
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| July 31, 2023 |
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Operating Expenses |
| $ | 1,437,180 |
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| $ | 1,096,522 |
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| $ | 2,300,444 |
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| $ | 2,073,693 |
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Net Loss and Comprehensive Loss |
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| (1,425,964 | ) |
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| (1,002,805 | ) |
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| (2,289,228 | ) |
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| (1,908,304 | ) |
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Loss per share - |
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Basic and Diluted |
| $ | (0.01 | ) |
| $ | (0.01 | ) |
| $ | (0.01 | ) |
| $ | (0.01 | ) |
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| July 31, 2024 |
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| January 31, 2024 |
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Total Assets |
| $ | 37,635,700 |
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| $ | 39,205,074 |
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Total Liabilities |
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| 3,957,742 |
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| 3,478,961 |
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Total Shareholders' Equity |
| $ | 33,677,958 |
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| $ | 35,726,113 |
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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,
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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