Clean Air Metals Files Interim Financial Statements for the Six Months Ended July 31, 2026
Six-month losses widened while the company reported a $3,188,114 working capital deficiency and $422,500 in cash.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Clean Air Metals (CLRMF) filed unaudited interim financial statements for the six months ended July 31, 2026, reporting a wider net loss. Six-month net and comprehensive loss was $842,678, versus $589,533 a year earlier; operating expenses rose to $852,887 from $752,774. Quarterly loss was $492,772, versus $365,892.
At July 31, cash was $422,500 and the working capital deficiency was $3,188,114. Assets totaled $35,465,204, liabilities $3,661,340 and shareholders' equity $31,803,864. Six-month Thunder Bay North exploration costs were $164,309. A $57,000 grant received in Q2 supports toll-milling metallurgical assessment. The company continued permitting discussions and reassessing geophysical work for post-transaction exploration at Escape. It is finalizing shareholder materials for the proposed amalgamation; meeting timing will be communicated once those materials are complete.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Minor point$57,000 grant received in Q2 supports toll-milling metallurgical assessment through the Critical Minerals Innovation Fund.
Negative
- Major pointWorking capital deficiency of $3,188,114 reported at July 31, 2026.
- Moderate pointSix-month net and comprehensive loss widened to $842,678 from $589,533 in the comparable 2025 period.
- Moderate pointSix-month operating expenses rose to $852,887 from $752,774 in the comparable 2025 period.
- Moderate pointAmalgamation remains proposed, with supporting shareholder materials still being finalized.
- Minor pointQuarterly net and comprehensive loss widened to $492,772 from $365,892 in the comparable 2025 quarter.
4 minor points
- Minor pointQuarterly operating expenses rose to $496,647 from $400,205 in the comparable 2025 quarter.
- Minor pointTotal assets fell to $35,465,204 at July 31, 2026, from $36,226,670 at January 31, 2026.
- Minor pointTotal liabilities rose to $3,661,340 at July 31, 2026, from $3,621,866 at January 31, 2026.
- Minor pointShareholders' equity fell to $31,803,864 at July 31, 2026, from $32,604,804 at January 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
THUNDER BAY, ON / ACCESS Newswire / September 29, 2026 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR)(FRA:CKU)(OTC PINK:CLRMF) announces that it has filed its unaudited consolidated interim financial statements and management's discussion and analysis for the six-month period ended July 31, 2026, available for viewing on www.sedarplus.ca.
Financial Highlights
- Total assets as at July 31, 2026 of
$35,465,204 - Total cash as at July 31, 2026 of
$422,500 - Working capital deficiency as at July 31, 2026 of
$3,188,114 - Shareholder's equity as at July 31, 2026 of
$31,803,864
During the six-month period ended July 31, 2026, the Company incurred
Financial Summary
| For the three months ended | For the six months ended | |||||||||||||||
July 31, 2026 | July 31, 2025 | July 31, 2026 | July 31, 2025 | |||||||||||||
Operating Expenses | $ | 496,647 | $ | 400,205 | $ | 852,887 | $ | 752,774 | ||||||||
Net Loss and Comprehensive Loss | (492,772 | ) | (365,892 | ) | (842,678 | ) | (589,533 | ) | ||||||||
Loss per share - | ||||||||||||||||
Basic and Diluted | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | $ | (0.00 | ) | ||||
July 31, 2026 | January 31, 2026 | |||||||||||||||
Total Assets | $ | 35,465,204 | $ | 36,226,670 | ||||||||||||
Total Liabilities | 3,661,340 | 3,621,866 | ||||||||||||||
Total Shareholders' Equity | $ | 31,803,864 | $ | 32,604,804 | ||||||||||||
Full details of the financial reports and operating results for the six-month period ended July 31, 2026 are described in the Company's unaudited consolidated interim financial statements with accompanying notes and related Management's Discussion and Analysis, available on SEDAR+ at www.sedarplus.ca.
The Company is in the process of finalizing shareholder materials in support of the proposed transaction that was detailed in the July 31st, 2026 press release, and we will communicate timing of the annual and special meeting of shareholders once they are complete.
About Clean Air Metals
Clean Air Metals is a development and exploration company advancing its flagship,
One of the rare primary platinum resources outside of South Africa, the TBN project is in a stable and mining-friendly jurisdiction and benefits from longstanding relationships with local First Nations. With its proven technical team, Clean Air Metals is committed to growing the resources at the TBN project and creating long-term value for shareholders.
Social Engagement
Clean Air Metals Inc. acknowledges that the Thunder Bay North Critical Minerals Project is located within the area encompassed by the Robinson-Superior Treaty of 1850 and includes the territories of the Fort William First Nation, Red Rock Indian Band, Biinjitiwabik Zaaging Anishinabek and Kiashke Zaaging Anishinaabek. Clean Air Metals also acknowledges the contributions of the Métis Nation of Ontario, Region 2 and the Red Sky Métis Independent Nation to the rich history of our area.
The Company appreciates the opportunity to work in these territories and remains committed to the recognition and respect of those who have lived, travelled, and gathered on the lands since time immemorial. Clean Air Metals is committed to stewarding Indigenous heritage and remains committed to building, fostering and encouraging a respectful relationship with First Nations, Métis and Inuit peoples based upon principles of mutual trust, respect, reciprocity and collaboration in the spirit of reconciliation.
ON BEHALF OF THE BOARD OF DIRECTORS
"Mike Garbutt"
Mike Garbutt, CEO of Clean Air Metals Inc.
Connect with us on X/ Facebook/ Instagram.
Visit www.cleanairmetals.ca for more information or contact:
Mia Boiridy
Director of Communications and Investor Relations
250-575-3305
mboiridy@cleanairmetals.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or, future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof, and the Company does not assume any obligation to update or revise them to reflect new events or circumstances except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.
SOURCE: Clean Air Metals, Inc.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What was Clean Air Metals' loss for the six months ended July 31, 2026?
Clean Air Metals reported a $842,678 net and comprehensive loss for the six months ended July 31, 2026, compared with $589,533 for the same period in 2025. Six-month operating expenses were $852,887, compared with $752,774.
How much cash and working capital did Clean Air Metals report at July 31, 2026?
Clean Air Metals reported $422,500 in cash and a $3,188,114 working capital deficiency at July 31, 2026.