Clean TeQ Water Wins A$665k Engineering Mandate on Sunrise’s Syerston Scandium Project

Clean TeQ Water Ltd ( (AU:CNQ) ) just unveiled an update.

Clean TeQ Water has secured a A$665,160 engineering services contract from Sunrise Energy Metals to update key design elements for the Syerston Scandium Project in New South Wales, including the continuous Resin-in-Pulp circuits underpinned by its MBIX ion exchange technology and the refinery circuits. The 16‑week assignment, due for delivery in May 2026, will feed into Sunrise’s Final Investment Decision and broader investment readiness work for one of the world’s largest and highest‑grade primary scandium resources, which has recently seen a material increase in inventory and improved project economics. The deal underscores the long‑standing technical collaboration between the two companies and reinforces Clean TeQ Water’s credentials in critical metals recovery, positioning it for potential future roles in engineering, procurement and construction on the project should Sunrise approve development, although no such commitment currently exists.

The most recent analyst rating on (AU:CNQ) stock is a Hold 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 and process technology company listed on the ASX, specialising in proprietary ion exchange systems such as its Moving Bed Ion Exchange (MBIX) platform. While Sunrise Energy Metals holds exclusive rights to use MBIX for scandium, nickel and cobalt, Clean TeQ Water commercialises the technology more broadly in water treatment, industrial processing and emerging applications for uranium, rare earths and other high-value critical minerals.

Average Trading Volume: 126,671

Technical Sentiment Signal: Buy

Current Market Cap: A$33.96M

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