Clean TeQ Water Ltd (AU:CNQ) has released an update.
Clean TeQ Water Ltd has reported a productive third quarter in FY24, with significant progress in their water treatment and metals recovery projects, including the on-schedule Heathgate Uranium and Townsville Water Recycling projects. The company has successfully raised $2 million from a capital placement and aims to gather additional funds through a Share Purchase Plan and a loan facility to support their innovative technology for metal extraction and water treatment. Furthermore, their cDLE® technology has shown potential to revolutionize lithium extraction, as evidenced by a $600 million improvement in the projected net present value for LithiumBank’s Boardwalk Project.
For further insights into AU:CNQ stock, check out TipRanks’ Stock Analysis page.
