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Clean Air Metals Inc. (V:AIR)

Business Focus: Non-Gold Precious Metals & Minerals (NEC)

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