Clean TeQ Water Wins A$10.4m Phase 2 DESALX Contract with Nyrstar in Belgium

Clean TeQ Water Ltd ( (AU:CNQ) ) has provided an update.

Clean TeQ Water has secured a Phase 2 execution contract worth about €6.14 million (~A$10.4 million) from Nyrstar to deliver a full-scale DESALX wastewater treatment system at the Nyrstar Balen operations in Belgium. The deal follows successful completion of Phase 1 engineering and includes provisional services, with the DESALX system designed to remove sulphate and selenium from industrial process water to meet environmental discharge standards.

The contract is described as a significant milestone that converts a complex project from engineering into execution for a major global resources company, expanding Clean TeQ’s portfolio of reference projects using its MBIX technology. It is also the company’s second major full-scale project in Europe, underscoring growing regional demand for advanced wastewater treatment as regulations tighten, with key equipment deliveries scheduled through 2026 and early 2027 before installation and commissioning are completed.

The most recent analyst rating on (AU:CNQ) stock is a Sell with a A$0.35 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.

More about Clean TeQ Water Ltd

Clean TeQ Water Limited is an Australian water treatment technology company focused on advanced industrial wastewater solutions. It develops and deploys proprietary systems such as DESALX, built on its Moving Bed Ion Exchange (MBIX) platform, targeting removal of contaminants like sulphate and selenium to help industrial clients meet tightening environmental discharge regulations, particularly in Europe and other heavily regulated markets.

Average Trading Volume: 105,555

Technical Sentiment Signal: Buy

Current Market Cap: A$31.84M

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