Clean Air Metals Files Interim Financial Statements for the Six Months Ended July 31, 2026

Clean Air Metals Inc. (AIR) has released its unaudited consolidated interim financial statements and Management’s Discussion and Analysis (MD&A) for the six-month period ended July 31, 2026. The company reported a net loss of $842,678 for the period, an increase from the $589,533 loss recorded in the same period of 2025. Operating expenses rose to $852,887, compared to $752,774 in the prior year period. As of July 31, 2026, the company highlighted a working capital deficiency of $3,188,114.

Financially, total assets decreased from $36,226,670 as of January 31, 2026, to $35,465,204 at the end of the reporting period. Total liabilities saw a slight increase from $3,621,866 to $3,661,340, while total shareholders' equity declined from $32,604,804 to $31,803,864. The company held total cash of $422,500, resulting in a loss per share (basic and diluted) of $0.00.

On the operational front, Clean Air Metals incurred $164,309 in exploration costs at its Thunder Bay North project. The company also received a $57,000 grant in the second quarter under the Critical Minerals Innovation Fund to support toll-milling metallurgical assessment. Management continued discussions regarding Advanced Exploration permitting and re-assessed past geophysical work to identify drilling targets in the Escape down-plunge area.

Corporate activities have focused on finalizing a proposed amalgamation transaction, as referenced in a July 31, 2026 press release. Shareholder materials for the proposed transaction are currently being finalized.

"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," said Mike Garbutt, CEO.