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Clean Air Metals
(AIR)
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Rating:42Neutral
Price Target:
C$0.05
▼(-11.67% Downside)
Action:Reiterated
Date:10/08/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and continued negative free cash flow). Technicals also remain bearish with the stock trading below key moving averages and only limited signs of stabilization. Valuation is constrained by the negative P/E and lack of dividend support.
Positive Factors
Moderate leverage
Moderate leverage and a sizable equity base provide Clean Air Metals with some balance-sheet support while it advances its exploration asset. This lowers immediate solvency pressure and preserves more financial flexibility than a heavily debt-funded structure, although ongoing losses remain a constraint.
Negative Factors
No revenue base
The absence of revenue means Clean Air Metals has not yet demonstrated commercial production or an operating sales engine. Its ability to fund exploration and future development therefore depends on financing and project progress, leaving results highly exposed to execution and capital availability.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate leverage
Moderate leverage and a sizable equity base provide Clean Air Metals with some balance-sheet support while it advances its exploration asset. This lowers immediate solvency pressure and preserves more financial flexibility than a heavily debt-funded structure, although ongoing losses remain a constraint.
Read all positive factors
Clean Air Metals (AIR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$12.53M
Dividend YieldN/A
Average Volume (3M)236.42K
Price to Earnings (P/E)―
Beta (1Y)3.03
Revenue GrowthN/A
EPS Growth-10.34%
CountryCA
Employees16
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding250,556,780
10 Day Avg. Volume140,339
30 Day Avg. Volume236,416
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)0.65
Price to Sales (P/S)0.00
P/FCF Ratio-18.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Clean Air Metals Business Overview & Revenue Model
Company Description
Clean Air Metals Inc. operates as a Canadian-based, exploration-stage company, concentrating its efforts on discovering, acquiring, and advancing mineral properties. The firm's primary objective is to unearth deposits rich in platinum, palladium, ...
Clean Air Metals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -8.51K | -11.52K | -20.32K | -38.20K | -42.86K | -34.79K |
| EBITDA | -1.62M | -1.35M | -2.88M | -2.76M | -4.14M | -1.62M |
| Net Income | -1.61M | -1.36M | -3.12M | -3.53M | -4.82M | -2.17M |
Balance Sheet | ||||||
| Total Assets | 35.47M | 36.23M | 37.91M | 39.21M | 42.29M | 35.06M |
| Cash, Cash Equivalents and Short-Term Investments | 422.50K | 1.13M | 3.44M | 5.91M | 6.87M | 542.57K |
| Total Debt | 3.50M | 3.50M | 3.50M | 8.42K | 26.46K | 2.59M |
| Total Liabilities | 3.66M | 3.62M | 4.02M | 3.48M | 3.43M | 4.03M |
| Stockholders Equity | 31.80M | 32.60M | 33.89M | 35.73M | 38.86M | 31.03M |
Cash Flow | ||||||
| Free Cash Flow | -1.41M | -1.15M | -2.74M | -943.51K | -16.97M | -15.96M |
| Operating Cash Flow | -1.41M | -1.15M | -2.73M | 1.57M | -8.65M | -1.79M |
| Investing Cash Flow | -649.70K | -1.16M | -1.16M | -2.52M | -8.33M | -14.17M |
| Financing Cash Flow | 4.98K | 0.00 | 1.42M | -3.40K | 23.31M | 9.82M |
Clean Air Metals Technical Analysis
Negative
0.06
Price Trends
0.06
Negative
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
33.75
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AIR, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.75 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AIR.
Clean Air Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | C$157.43M | -212.77 | -1.88% | ― | ― | 82.85% | |
47 Neutral | C$35.52M | -8.68 | -43.60% | ― | ― | -26.50% | |
45 Neutral | C$36.29M | -1.43 | -68.55% | ― | 20359.02% | -15.19% | |
44 Neutral | C$149.20M | -4.64 | -646.20% | ― | ― | -293.62% | |
42 Neutral | C$12.53M | -7.69 | -4.98% | ― | ― | -10.34% | |
41 Neutral | C$10.53M | -2.29 | 683.51% | ― | ― | -240.63% |
* Basic Materials Sector Average
TSE:AIR
Clean Air Metals
0.05
-0.02
-23.08%
TSE:DMET
Denarius Metals Corp
0.58
0.00
0.00%
TSE:TUF
Honey Badger Exploration
0.59
0.39
195.00%
TSE:PNGC
PNG Copper Inc
0.03
>-0.01
-16.67%
TSE:KFR
Kingfisher Metals
1.00
0.71
244.83%
TSE:CLCO
Culico Metals Inc.
0.44
0.20
83.33%
Clean Air Metals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Clean Air Metals Plans Flow-Through Share Financing to Advance Thunder Bay North Project
Positive
Oct 7, 2026
Clean Air Metals Inc., a Canadian exploration and development company, is advancing its Thunder Bay North Critical Minerals Project near Thunder Bay, Ontario, which hosts rare primary platinum resources alongside copper, nickel and other critical ...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Clean Air Metals Posts Interim Loss as Thunder Bay North Work and Transaction Planning Advance
Negative
Oct 1, 2026
Clean Air Metals has filed its unaudited interim financial statements for the six months ended July 31, 2026, showing total assets of $35.47 million, shareholders’ equity of $31.80 million and a working capital deficit of $3.19 million amid ...
Business Operations and StrategyM&A TransactionsPrivate Placements and FinancingStock Split
Clean Air Metals, Springbok Raise C$6.2 Million Ahead of Critical Minerals Merger
Positive
Sep 23, 2026
Clean Air Metals and Springbok Ventures have closed a non-brokered private placement of subscription receipts raising about C$6.2 million, split between conventional and flow-through units. The financing underpins their planned business combinatio...
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsPrivate Placements and Financing
Clean Air Metals Upsizes Financing to C$6.2 Million Ahead of Springbok Reverse Takeover
Positive
Sep 16, 2026
Clean Air Metals and Fiore-backed Springbok Ventures have upsized their previously announced non-brokered private placement to approximately C$6.2 million, to be completed by Clean Air Metals as part of a reverse takeover transaction on the TSX Ve...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Clean Air Metals, Springbok boost financing ahead of critical minerals merger
Positive
Aug 10, 2026
Clean Air Metals and Springbok Ventures have upsized their previously announced non-brokered private placement to $6.1 million in response to strong investor demand, issuing subscription receipts in both companies. The offering is structured so th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.