Clean Air Metals (TSE:AIR)
:AIR
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Clean Air Metals
(AIR)
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Rating:53Neutral
Price Target:
C$0.08
▼(-10.00% Downside)
Action:ReiteratedDate:01/06/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and cash burn), despite a supportive low-leverage balance sheet. Technicals are a key positive with strong momentum, though indicators are nearing overbought levels. Valuation remains constrained by lack of profitability and no dividend support.
Positive Factors
Low leverage balance sheet
A debt-to-equity near 0.11 gives Clean Air Metals meaningful financial flexibility to fund exploration and pursue JV or farm-in opportunities without heavy borrowing. This reduces near-term solvency pressure and the urgency for highly dilutive financing, supporting multi-month project advancement.
Negative Factors
Pre-revenue company
Operating with no revenue means Clean Air Metals has not yet validated commercial economics; its ability to convert resources into sustainable cash flow remains unproven. This maintains elevated execution risk and ongoing dependence on external capital until project development or asset monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage balance sheet
A debt-to-equity near 0.11 gives Clean Air Metals meaningful financial flexibility to fund exploration and pursue JV or farm-in opportunities without heavy borrowing. This reduces near-term solvency pressure and the urgency for highly dilutive financing, supporting multi-month project advancement.
Read all positive factors
Clean Air Metals (AIR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$16.29M
Dividend YieldN/A
Average Volume (3M)575.23K
Price to Earnings (P/E)―
Beta (1Y)3.35
Revenue GrowthN/A
EPS Growth66.86%
CountryCA
Employees16
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding250,556,780
10 Day Avg. Volume351,909
30 Day Avg. Volume575,232
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)0.34
Price to Sales (P/S)0.00
P/FCF Ratio-4.22
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., an exploration stage company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for platinum, palladium, copper, and nickel deposits. Its...
How the Company Makes Money
Clean Air Metals makes money primarily through the exploration and potential extraction of precious metals, particularly platinum and palladium, from its Thunder Bay North Project. Revenue is generated through the sale of these metals once they ar...
Clean Air Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -12.54K | -20.32K | -38.20K | -42.86K | -34.79K | -12.48K |
| EBITDA | -1.34M | -2.88M | -2.77M | -4.14M | -1.62M | -2.70M |
| Net Income | -1.40M | -3.12M | -3.53M | -4.82M | -2.17M | -1.27M |
Balance Sheet | ||||||
| Total Assets | 36.60M | 37.91M | 39.21M | 42.29M | 35.06M | 27.15M |
| Cash, Cash Equivalents and Short-Term Investments | 1.64M | 3.44M | 5.91M | 6.87M | 542.57K | 6.68M |
| Total Debt | 3.50M | 3.50M | 8.42K | 26.46K | 2.59M | 3.69M |
| Total Liabilities | 3.57M | 4.02M | 3.48M | 3.43M | 4.03M | 3.92M |
| Stockholders Equity | 33.03M | 33.89M | 35.73M | 38.86M | 31.03M | 23.22M |
Cash Flow | ||||||
| Free Cash Flow | -900.61K | -2.74M | -943.51K | -16.97M | -15.96M | -14.89M |
| Operating Cash Flow | -1.05M | -2.73M | 1.57M | -8.65M | -1.79M | -3.11M |
| Investing Cash Flow | -1.43M | -1.16M | -2.52M | -8.33M | -14.17M | -11.78M |
| Financing Cash Flow | 1.00M | 1.42M | -3.40K | 23.31M | 9.82M | 20.02M |
Clean Air Metals Technical Analysis
Neutral
0.09
Price Trends
0.08
Negative
0.08
Negative
0.07
Positive
Market Momentum
>-0.01
Negative
47.88
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AIR, the sentiment is Neutral. The current price of 0.09 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.08, and above the 200-day MA of 0.07, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.88 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
53 Neutral | C$16.29M | -13.29 | -4.21% | ― | ― | 66.86% | |
53 Neutral | C$67.58M | 24.62 | -3.35% | ― | ― | 77.78% | |
50 Neutral | C$32.58M | -4.54 | -499.11% | ― | ― | -17.86% | |
47 Neutral | C$36.29M | -1.93 | -53.21% | ― | ― | 49.31% | |
47 Neutral | C$15.89M | -12.53 | ― | ― | ― | -210.00% |
* Basic Materials Sector Average
TSE:AIR
Clean Air Metals
0.07
0.02
44.44%
TSE:DMET
Denarius Metals Corp
0.58
0.00
0.00%
TSE:TUF
Honey Badger Exploration
0.24
0.15
166.67%
TSE:PNGC
PNG Copper Inc
0.04
0.03
300.00%
TSE:KFR
Kingfisher Metals
0.72
0.44
157.14%
TSE:CLCO
Culico Metals Inc.
0.44
0.33
282.61%
Clean Air Metals Corporate Events
Business Operations and StrategyFinancial Disclosures
Clean Air Metals Targets Major 2026 Push at Thunder Bay North as PGE and Copper Prices Surge
Positive
Jan 13, 2026
Clean Air Metals has outlined its 2026 strategy to aggressively advance the Thunder Bay North project after a sharp rise in platinum, palladium and copper prices dramatically improved the project’s economics, with the updated financial model...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Clean Air Metals Narrows Loss as Thunder Bay North Project Advances with New PEA and Step-Out Drill Results
Positive
Dec 30, 2025
Clean Air Metals has filed its unaudited interim financial statements for the nine months ended October 31, 2025, reporting total assets of $36.6 million, cash of $1.6 million, shareholders’ equity of $33.0 million and a working capital defi...
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.