Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) has announced its unaudited consolidated interim financial statements for the third quarter of 2022, which showed total assets of C$42,279,897 as of October 31, 2022, up from C$35,059,465 at the end of January 2022.
The resource project developer said it ended the quarter with total cash of C$903,741 and shareholder's equity of C$40,281,883.
Clean Air Metals also noted that it completed a total of 11 holes on the Current Deposit for a cumulative total of 2,564 metres (m) of drilling during 3Q, while the company continued prefeasibility studies and environmental baseline studies for the Thunder Bay North Critical Minerals Project, and appointed SLR Consulting Limited to provide external validation of an internal mineral resource update of the Escape Deposit, which included the addition of 55,651m of previously reported 2021/22 drilling results.
READ: Clean Air Metals closes C$10M first tranche of C$15M mineral royalty financing with Triple Flag Precious Metals
Clean Air Metals' flagship asset is the 100% owned, high-grade Thunder Bay North 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.
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