THUNDER BAY, ON – Clean Air Metals Inc. (TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) has announced the filing of its audited consolidated financial statements and management’s discussion and analysis for the fiscal year ending January 31, 2025. Investors can delve into the detailed financials via SEDAR+.
**Financial Snapshot**
* Total assets as of January 31, 2025: $37,908,937
* Cash on hand as of January 31, 2025: $3,441,879
* Working capital as of January 31, 2025: $184,611
* Shareholder’s equity as of January 31, 2025: $33,891,683
**Financial Summary**
Here’s a quick look at the key figures:
| | For the year ended |
| :——————————- | :—————————– |
| | **January 31, 2025** |
| **Operating Expenses** | $3,515,838 |
| **Net Loss and Comprehensive Loss** | ($3,124,992) |
| **Loss per share – Basic and Diluted** | ($0.01) |
| | |
| **Total Assets** | $37,908,937 |
| | |
| **Total Liabilities** | $4,017,254 |
| | |
| **Total Shareholders’ Equity** | $33,891,683 |
Beyond these highlights, the full financial reports and operational results for the year are available in the company’s audited consolidated financial statements, along with the Management’s Discussion and Analysis, accessible on SEDAR+.
Furthermore, Clean Air Metals has scheduled its 2025 Annual General Meeting for July 29, 2025, at 1:30 pm ET, which will be held virtually. The information circular with further details will be issued on July 2, 2025.
**Looking Ahead to 2025**
The company is eager to capitalize on the successes of its recent winter drilling programs. The team is incorporating positive findings from last year’s exploration and drilling results into a new Preliminary Economic Assessment (PEA), expected to be released this fall. CEO Mike Garbutt stated, “Despite sustained industry headwinds, our cash position allows us to move ahead and prudently advance the project. The outlook for PGEs in the near to medium term is the most bullish it has been in the last 3 years, and we look forward to taking advantage of this momentum.”
**About Clean Air Metals**
Clean Air Metals is focused on developing and exploring its wholly-owned Thunder Bay North Critical Minerals (“TBN”) project, located 40 km northeast of Thunder Bay, Ontario. This project benefits from road access and proximity to existing infrastructure, encompassing two deposits, the Current and Escape, just 2.5 km apart. Together these deposits house an indicated mineral resource of 13.8 Mt, equivalent to 2.4M Pt oz.
The TBN project is a rare primary platinum resource located outside of South Africa, situated in a stable, mining-friendly jurisdiction. Clean Air Metals has longstanding relationships with local First Nations, enabling them to create long-term value for shareholders and grow the resources found here.
**Social Engagement**
Clean Air Metals acknowledges that the Thunder Bay North Critical Minerals Project is 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 on 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.
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