- Clean Air Metals (CLRMF, Financial) reports improved financial performance with a net loss reduction from $863,264 to $223,641 year-over-year.
- Operating expenses decreased significantly from $863,264 to $352,569 over the same period.
- Total assets stand at $37.5 million with a working capital deficiency of $527,130 as of April 30, 2025.
Clean Air Metals Inc. (OTCQB:CLRMF) has released its unaudited consolidated interim financial statements for the three-month period ending April 30, 2025. The company reported total assets of $37.5 million alongside a cash position of $2.48 million. Shareholders' equity was recorded at $33.67 million, despite a working capital deficiency of $527,130.
During the quarter, Clean Air Metals invested $584,284 in exploration activities at its Thunder Bay North project. The efforts focused on drilling and geophysics at the Current Deposit, aiming to expand the high-grade zones. These activities are part of the company's strategy to develop a revised mine plan centered around a high-grade, moderate tonnage approach.
The company reported a net loss of $223,641 for the three months, a significant improvement compared to the $863,264 loss from the same quarter in 2024. This enhancement was largely due to a reduction in operating expenses, which fell to $352,569 from $863,264 year-over-year.
For more information about the financial results, the unaudited consolidated interim financial statements, and management's discussion and analysis are available at www.sedarplus.ca.
