Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
Company Contact | |
Address: | 3400-100 King St. W TORONTO ON M5X 1A4 |
Tel: | N/A |
Website: | https://www.cleanairmetals.ca |
IR: | See website |
Key People | ||
James E. Gallagher Chief Executive Officer | Kelsey Chin Chief Financial Officer, Corporate Secretary | Mike Garbutt Chief Operating Officer |
Business Overview |
Clean Air Metals Inc. is a Canada-based platinum and palladium exploration company. The Company's flagship asset is the 100% owned, high grade Thunder Bay North Critical Minerals (TBNCM) project, a platinum, palladium, copper, nickel project located near the City of Thunder Bay, Ontario and the Lac des Iles Mine owned by Impala Platinum. TBNCM project hosts the Current and Escape deposits. The TBNCM project comprises three projects: Thunder Bay North Property, Escape Lake Property and Escape North Property. Thunder Bay North Property consists of 300 unpatented claims (1456 cell units) covering an aggregate area of over 29,725 hectares (ha). Escape Lake Property consists of 20 unpatented claims (20 cell units) with an area of approximately 561.3 ha. The property is located 2.1 kilometers (km) west-southwest of the Current Lake Deposit. Escape North Property consists of 24 unpatented claims (67 cell units) with an area of approximately 1722 ha. |
Financial Overview |
For the nine months ended 31 October 2023, Clean Air Metals Inc revenues was not reported. Net loss increased 19% to C$2.9M. Higher net loss reflects Flow through share premium decrease from C$701K (income) to C$0K, Accretion interest increase of 61% to C$510K (expense), Wages and benefits increase of 13% to C$1.3M (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
Employees: | 16 as of Jan 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $4.36M as of Oct 31, 2023 |
Annual revenue (TTM): | $0.00M as of Oct 31, 2023 |
EBITDA (TTM): | -$4.35M as of Oct 31, 2023 |
Net annual income (TTM): | -$5.28M as of Oct 31, 2023 |
Free cash flow (TTM): | -$5.89M as of Oct 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 224,048,233 as of Jan 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |