Clean Air Metals Inc (TSX-V:AIR, OTCQB:CLRMF) has filed its results for the three-month period to April 30, 2022.
The junior explorer, which is developing its flagship high-grade polymetallic Thunder Bay North project, ended the first quarter with total assets of $45.35 million, cash of $7.26 million and working capital of $5.85 million, according to the Q1 2022 statement.
During the period, Clean Air Metals raised around $12.5 million in a private placement and completed 34 holes on the Escape deposit for a cumulative total of 13,103 metres of drilling.
READ: Clean Air Metals announces new assay results from 2022 drill campaign at Thunder Bay North Project
The company also signed an exploration agreement with Fort William First Nation, Red Rock Indian Band and the Biinjitiwaabik Zaaging Anishinaabek, which confirms a framework for a mutually beneficial relationship between the co-operating participants regarding the Clean Air’s Thunder Bay North project.
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.
Contact the author at jon.hopkins@proactiveinvestors.com