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Clean TeQ Water Limited (ASX:CNQ)

ALERT: Price-sensitive ASX Announcement for CNQ
Current share price for CNQ : $0.700 0.335 (91.78%)+
Announcement
Release
30 Jan 2026 3:55PM
Price at Release
$0.365
Full Release
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Summary
The December 2025 Quarterly Activities Report and Appendix 4C for Clean TeQ Water Limited highlights significant contract wins, ongoing projects, and financial changes. The company secured a US$12.5 million contract with Rio Tinto for the Rincon Lithium Project in Argentina, among other contracts for projects in Australia, the Middle East, and Europe. The report notes the successful capital raise of $6.0 million to support growth, with $5.5 million received in Q2 FY26. Clean TeQ's cash reserves at the end of December 2025 stood at $5.6 million. Operational highlights include the deployment of their proprietary water treatment technologies across various industries, emphasizing the MBIX platform. Financially, the company experienced a net cash outflow from operating activities and managed to repay a $1 million loan, improving their balance sheet position.
Key Points
  • Awarded a US$12.5 million contract for Rio Tinto's Rincon Lithium Project.
  • Successful $6.0 million capital raise to support growth.
  • Cash reserves of $5.6 million as of December 31, 2025.
  • Significant projects executed in Australia, the Middle East, and Europe.
  • Operational focus on proprietary water treatment technologies like MBIX.
  • Net cash outflow from operating activities.
  • Repayment of a $1 million loan, strengthening the balance sheet.
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.