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Clean Air Metals (AIR) AI Stock Analysis

TSE:AIR

Clean Air Metals

(TSXV:AIR)

Select Model
Rating:41Neutral
Price Target:CAD 0.05â–¼(-3.64% Downside)
Action:reiterated
Date:10/08/26

Score primarily driven by weak financial performance from absent revenue and cash burn despite balance sheet stability, followed by bearish technical signals and unattractive valuation from negative P/E.

Positive Factors
Moderate leverageModerate 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 baseThe 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.

Clean Air Metals (AIR) vs. iShares MSCI Canada ETF (EWC)

-25%0%25%50%75%100%125%TSE:AIR0.00%EWC+24.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 11.28M
Dividend Yield
―
Average Volume (3M)
578.34K
Price to Earnings (P/E)
-7.7
Beta (1Y)
3.03
Revenue Growth
―
EPS Growth
-10.34%
Country
Canada
Employees
16
Sector
Basic Materials
Sector Strength
61
Industry
Other Precious Metals

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, cop...

Clean Air Metals Financial Statement Overview

Summary

Income Statement Score of 22 and Cash Flow Score of 28 reflect zero revenue, ongoing net losses, and negative operating cash flow in the pre-revenue stage; Balance Sheet Score of 68 provides partial offset via low 0.11 debt-to-equity and solid equity base of $31.8 million.

Income Statement

22Negative

Balance Sheet

68Positive

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMApr 2026Apr 2025Apr 2024Apr 2023Apr 2022
Income Statement
Total Revenue000000
Gross Profit-8,508-11.52K-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 Assets35.47M36.23M37.91M39.21M42.29M35.06M
Cash, Cash Equivalents and Short-Term Investments422.50K1.13M3.44M5.91M6.87M542.57K
Total Debt3.50M3.50M3.50M8,41826.46K2.59M
Total Liabilities3.66M3.62M4.02M3.48M3.43M4.03M
Stockholders Equity31.80M32.60M33.89M35.73M38.86M31.03M
Cash Flow
Free Cash Flow-1.41M-1.15M-2.74M-943.51K-16.97M-15.96M
Operating Cash Flow-1.41M-1.15M-2.73M1.57M-8.65M-1.79M
Investing Cash Flow-649.70K-1.16M-1.16M-2.52M-8.33M-14.17M
Financing Cash Flow4,97901.42M-3,40023.31M9.82M

Clean Air Metals Technical Analysis

Technical Analysis SentimentNegative
Last Price0.06

Price Trends

50DMA0.06Negative
100DMA0.06Negative
200DMA0.07Negative

Market Momentum

MACD-0.00Positive
RSI33.75Neutral
STOCH-0.00Positive

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 -0.00 indicates Positive momentum. The RSI at 33.75 is Neutral, neither overbought nor oversold. The STOCH value of -0.00 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

TSE:AIR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
TSE:CLCOTSE:CLCO46NeutralCAD 35.52M-8.68-43.60%――-26.50%
TSE:DMETTSE:DMET45NeutralCAD 36.29M-1.44-68.55%―20359.02%-15.19%
TSE:KFRTSE:KFR44NeutralCAD 157.43M-212.76-1.88%――82.85%
TSE:AIRTSE:AIR41NeutralCAD 12.53M-7.69-4.98%――-10.34%
TSE:PNGCTSE:PNGC39UnderperformCAD 10.53M-2.29683.51%――-240.63%
TSE:TUFTSE:TUF39UnderperformCAD 149.20M-4.64-646.20%――-293.62%

* Basic Materials Sector Average

Performance Comparison

0%200%400%TSE:AIRTSE:DMETTSE:TUFTSE:PNGCTSE:KFRTSE:CLCODec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:AIR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:AIRClean Air Metals, Inc.0.05-0.01-16.67%
TSE:DMETDenarius Metals Corp0.580.000.00%
TSE:TUFHoney Badger Exploration0.660.47244.74%
TSE:PNGCPNG Copper Inc0.03-0.00-16.67%
TSE:KFRKingfisher Metals Corp0.930.67257.69%
TSE:CLCOCulico Metals Inc.0.470.24104.35%

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 met...

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 a n...

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 combination,...

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 Ventu...

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 that,...

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.

Date of analysis: Oct 08, 2026