Clean Air Metals Inc. - CLRMF STOCK NEWS

Clean Air Metals announced the closing of a non-brokered private placement, raising approximately $440,015 through the issuance of 8,000,272 units at $0.055 per unit. Each unit includes one common share and half a warrant, allowing the holder to purchase an additional share at $0.08 within 24 months. The funds will be used for Canadian exploration expenses on the company's projects in Ontario. The offering is subject to TSX-V final approval. Red Cloud Securities acted as a finder and will receive $24,000.90 and 509,110 warrants. Certain insiders also participated, subscribing for 727,272 units.

Clean Air Metals announced the filing of its unaudited consolidated interim financial statements and management's discussion and analysis for the three-month period ending April 30, 2024.

Key financial highlights include total assets of $38.55 million, total cash of $5.21 million, and working capital of $2.27 million as of April 30, 2024. Shareholder equity stood at $34.86 million.

For the three months ended April 30, 2024, the company reported operating expenses of $863,264 and a net loss of $863,264, compared to operating expenses of $977,172 and a net loss of $905,500 in the same period the previous year.

Total assets decreased from $39.21 million as of January 31, 2024, to $38.55 million as of April 30, 2024, while total liabilities increased from $3.48 million to $3.69 million over the same period.

Full details are available on SEDAR+.

On May 30, 2024, Clean Air Metals announced that Mike Garbutt will become the new President and CEO effective July 1, 2024. Garbutt, who has served as COO and contributed significantly to the company's strategic vision, will succeed Jim Gallagher. Gallagher will assume the role of Non-executive Chair of the Board, replacing Dean Chambers. The company remains focused on platinum group elements (PGEs) and associated copper exploration in Northern Ontario, aiming to capitalize on the upcoming commodities super cycle. Clean Air Metals reports a strong cash position and strategic planning for resource base expansion through potential acquisitions.

Clean Air Metals is set to present a live virtual corporate update on May 21, 2024, at 2:00 PM ET, hosted by Red Cloud Financial Services. The event will cover the company's latest developments, focusing on their work with Platinum Group Metals (PGM). The presentation will include a live Q&A session, allowing shareholders and interested parties to engage directly. A replay will be available to all registrants and on the Red Cloud website. This is an important opportunity for stakeholders to gain insights into the company's progress and future plans.

Clean Air Metals Inc. announces senior management changes, with Dr. Geoff Heggie leaving and Dr. Lionnel Djon joining as the new VP of Exploration. Kris Tuuttila is promoted to VP of Sustainability and Community Relations, and Mia Boiridy joins as Director of Communications and Investor Relations. The company is reviewing potential acquisitions in Northern Ontario. The PR emphasizes the importance of Indigenous partnerships and social engagement.

Clean Air Metals Inc (CLRMF) to present at Red Cloud's Pre-PDAC 2024 Mining Showcase with CEO Jim Gallagher on March 1st. Shareholders and interested parties invited to join in-person at Sheraton Centre Toronto Hotel.

Clean Air Metals Inc. announces the granting of 4,600,000 incentive stock options to certain directors, officers, and employees, exercisable at $0.06 for 5 years. The company also emphasizes its commitment to Indigenous communities and acknowledges the territories of various Indigenous groups in the Thunder Bay North Critical Minerals Project area.

Clean Air Metals Inc. announces the appointment of Dr. David Peck to its Board of Directors. Under the Strategic Review process, the company has reviewed potential merger or acquisition candidates and has outlined its strategy for 2024. The company plans to focus on the Thunder Bay North project, increase metal prices, and explore opportunities in Northwestern Ontario. Dr. Peck's appointment is expected to enhance the company's capabilities in this area.

Clean Air Metals Inc. (TSXV:AIR)(FRA:CKU)(OTCQB:CLRMF) reports unaudited consolidated interim financial statements and management's discussion and analysis for the nine-month period ended October 31, 2023. Financial highlights include total assets of $39,854,603, total cash of $6,991,212, working capital of $7,490,011, and shareholder's equity of $36,362,547. The company also discloses operating expenses, net loss, and comprehensive loss for the period, as well as CEO Jim Gallagher's statement on the company's financial position and market outlook. Additionally, Clean Air Metals emphasizes its commitment to Indigenous community engagement and stewardship.