Clean Air Metals Releases 2026 Financial Statements

Clean Air Metals Inc. has published its audited financial statements for the year ending January 31, 2026. The company's total assets were reported at $36.2 million, with a cash reserve of $1.1 million and a working capital deficiency of $2.3 million. Shareholder equity stood at $32.6 million.

The company spent $1.2 million on exploration at the Thunder Bay North project. Significant developments included successful drilling programs at the Current and Escape deposits, generating a 50-meter mineralized intersection at a new target. A Preliminary Economic Assessment detailed a mine plan focusing on high-margin materials.

Operating expenses dropped to $1.6 million from $3.5 million the previous year, reducing the net loss to $1.36 million. The company plans further exploration and is actively engaging with First Nations and government bodies for ongoing project development.