sur Clean Air Metals, Inc. (NASDAQ:CLRMF)
Clean Air Metals Releases Financial Results for Six Months Ending July 31, 2025
Clean Air Metals Inc. has published its unaudited interim financial statements for the six months concluding on July 31, 2025. As of this date, the company's total assets were $36.9 million, while cash holdings stood at $2.48 million. The company also reported a working capital deficiency of $1.02 million and shareholder equity amounting to $33.3 million.
The company invested $620,396 in exploration activities at the Thunder Bay North project, focusing on the Escape Deposit. A preliminary drill program was initiated, with assay results expected by mid-Q3. Additionally, a Preliminary Economic Assessment is underway, emphasizing higher margin material in the Current and Escape deposits, with completion anticipated in fiscal Q3.
Operating expenses for the period were $752,774, with a net loss of $589,533, compared to $2.3 million and $2.29 million, respectively, for the same period last year. Detailed financial reports are accessible on SEDAR+.
R. P.
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