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Clean TeQ Water Limited (ASX:CNQ)

ALERT: Price-sensitive ASX Announcement for CNQ
Current share price for CNQ : $0.505 0.09 (21.69%)+
Announcement
Release
27 Jan 2026 12:34PM
Price at Release
$0.415
Full Release
download
Summary
Clean TeQ Water Limited (ASX: CNQ) announced a contract with Sunrise Energy Metals Limited (ASX: SRL) valued at A$665,160 to update engineering elements for the Syerston Scandium Project in New South Wales. The engineering update focuses on Resin-In-Pulp and refinery circuits using their MBIX technology, supporting Sunrise's Final Investment Decision. This contract follows an increase in scandium inventory at Syerston, enhancing the project's economics. Clean TeQ Water's expertise in critical metals recovery is integral to this collaboration, with work expected to be completed by May 2026.
Key Points
  • Contract with Sunrise Energy Metals valued at A$665,160
  • Engineering update on Resin-In-Pulp and refinery circuits
  • Supports Sunrise's Final Investment Decision for Syerston Scandium Project
  • Project hosts one of the world's largest scandium resources
  • Clean TeQ's MBIX technology used for metals processing
  • Work expected to deliver by May 2026
  • No existing commitment for future engineering services
  • CEO Peter Voigt expressed excitement about the collaboration
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.