on Clean Air Metals, Inc. (NASDAQ:CLRMF)
Clean Air Metals Announces CEO Transition and Reports Annual Financials
Clean Air Metals Inc. has appointed Mike Garbutt as its new President and CEO, effective July 1, 2024. Garbutt, who previously served as COO, brings extensive experience in mining operations and strategic planning. Outgoing CEO Jim Gallagher will resume his role as Board Chair to support the transition.
Garbutt's leadership comes at a pivotal time as the company aims to expand its resource base through potential acquisitions. He expressed enthusiasm for executing the company’s strategy and creating shareholder value alongside the recently strengthened team.
In financial news, Clean Air Metals reported total assets of $39.2 million and $5.9 million in cash as of January 31, 2024. The company demonstrated resilience with reduced operating expenses and a lesser net loss compared to the previous year.
Clean Air Metals remains focused on PGE and copper exploration in Northern Ontario, leveraging a strong technical team and strategic positioning for the next commodities super cycle.
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