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Clean TeQ Water Limited (ASX:CNQ)

ALERT: Price-sensitive ASX Announcement for CNQ
Current share price for CNQ : $0.445 0.11 (32.84%)+
Announcement
Release
27 Feb 2026 8:22AM
Price at Release
$0.335
Full Release
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Summary
Clean TeQ Water Limited, trading as CNQ on the ASX, announced it secured a Phase 2 execution contract valued at approximately €5 million (~A$8.6 million) from Nyrstar to deliver a DESALX® wastewater treatment system at Nyrstar's Balen operations in Belgium. This contract follows the success of the Phase 1 detailed engineering design phase, which started in May 2025, and signifies the project's transition to full-scale execution. The DESALX® system is designed to treat industrial process water by removing sulphate and selenium, ensuring compliance with environmental effluent discharge standards. This contract highlights Clean TeQ's expertise in industrial wastewater treatment and reflects Nyrstar's commitment to environmental performance. The project, which will be completed through 2026 and into early 2027, represents Clean TeQ's second major project delivery in Europe, driven by increasing regulatory demands for advanced wastewater solutions.
Key Points
  • Clean TeQ awarded a Phase 2 contract by Nyrstar.
  • The contract value is approximately €5 million (~A$8.6 million).
  • Phase 1 detailed engineering design commenced in May 2025.
  • DESALX® system to treat industrial process water at Nyrstar's Balen site.
  • The project will meet environmental effluent discharge requirements.
  • This reflects Clean TeQ's growing portfolio in wastewater solutions.
  • It's Clean TeQ's second major project delivery in Europe.
  • The project is set for completion through 2026 and early 2027.
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.