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Clean TeQ Water Limited has announced a major contract award for a tailings dewatering plant at the Rasp Mine in Broken Hill, marking a pivotal step in establishing a sustainable revenue stream as it expands its wastewater treatment and critical mineral processing portfolio.
Key Points
- Clean TeQ Water Limited (CNQ)
- Awarded contract for ATA4 Tailings Dewatering Plant at the Rasp Mine.
- Q4 FY26 cash receipts from customers rose 45% to $6.4 million from the previous quarter.
- Investors should monitor ongoing contract execution and project advancements.
ATA4 Tailings Dewatering Contract Details at Rasp Mine
Clean TeQ Water has secured a Design and Construct contract for the ATA4 Tailings Dewatering Plant at Broken Hill's Rasp Mine, representing a significant expansion of its ATA4 tailings dewatering technology within Australia. The company aims to convert awarded contracts into operational plants to meet key performance milestones.
This contract is expected to create Clean TeQ Water's first long-term recurring revenue stream from its ATA4 technology. It includes a Polymer Supply Agreement for continuous ATA4 reagent supply and technology licensing, initially for five years with options to extend up to twenty years at the client's discretion, underscoring the company's strategic focus on sustainable income.
Q4 FY26 Financial Performance Highlights
In its recent update, Clean TeQ Water reported cash receipts from customers of $6.4 million in Q4 FY26, a 45% increase from $4.4 million in the prior quarter, highlighting strong contract conversion into cash flow.
Net operating cash flows were positive at $1.75 million. As of June 30, 2026, cash reserves increased to $8.7 million from $6.8 million the previous quarter, strengthening the company's financial position to pursue growth in water treatment and critical minerals sectors.
PHOSPHIX4 Phosphate Removal Plant Progress
During the quarter, Clean TeQ Water completed process validation of its PHOSPHIX4 phosphate removal plant, delivered with Enva in Ireland, on time and within budget. Testing showed phosphate concentrations below 0.1 mg/L, surpassing the contractual requirement of 1.0 mg/L.
This achievement demonstrates PHOSPHIX4 technology’s effectiveness and positions Clean TeQ Water to meet Europe's tightening phosphate discharge standards, serving as a commercial benchmark for future phosphate removal and recovery projects.
Advances in DESALX4 Wastewater Treatment at Balen
Clean TeQ Water is advancing its A$10.4 million contract with Nyrstar for the full-scale DESALX4 wastewater treatment system at the Balen zinc operations in Belgium. The project has moved from detailed engineering into full delivery, targeting complex industrial wastewater treatment for one of the world’s largest zinc producers.
The DESALX4 system removes sulphate and selenium to meet stringent environmental regulations, reinforcing Clean TeQ Water’s leadership in innovative wastewater treatment technologies.
Rio Tinto Rincon Lithium Project Updates
At the Rio Tinto Rincon Lithium Project in Argentina, Clean TeQ Water is progressing detailed design and manufacturing of key components like FRP vessels and steel platforms. This project is among the company's largest contract awards, reflecting the rising importance of lithium refining.
With increasing focus on water efficiency and recovery in lithium processing, the MBIX platform is gaining recognition as a preferred solution, enhancing Clean TeQ Water’s standing in the expanding lithium sector amid the global energy transition.
Development of CLEAN-IX4 System in Australia
Clean TeQ Water’s CLEAN-IX4 U-Column Enhanced Desorption system at Heathgate Resources’ uranium operation in South Australia is now fully operational and has reached practical completion. This installation acts as a reference for future uranium and critical minerals projects domestically and internationally.
The successful deployment highlights the company's expertise in delivering advanced solutions for the critical minerals market, positioning it well to capitalize on growing demand.
Go2Lithium Joint Venture Progress
The Go2Lithium joint venture has completed pilot plant campaigns in the Middle East, achieving customer KPIs for lithium recovery and battery-grade lithium carbonate production. These results pave the way for commercial discussions and potential new contracts in the lithium industry.
With lithium demand surging due to electric vehicles and renewable energy storage, Clean TeQ Water’s cDLE4 technology is well positioned to support sustainable lithium production and future growth.
Ongoing Innovation and Technology Development
Clean TeQ Water continues to advance its technology platform, emphasizing digitisation and AI-driven architecture across design and customer support to maintain competitiveness in water treatment and critical minerals sectors.
The company is also progressing its NematiQ Graphene Membrane program, developing PFAS-specific membranes for industrial and household use, aligning with its commitment to address environmental challenges and regulatory requirements in water treatment.
