ASX Share rice
Sat 15 May 2021 - 03:34:am (Sydney)

CLQ Share Price

CLEAN TEQ HOLDINGS LIMITEDCLQCommercial & Professional Services

CLQ Company Information

Name:

Sunrise Energy Metals Limited

Sector:

Industrials

Industry:

Waste Management

GIC Industry:

Commercial Services & Supplies

GIC Sub Industry:

Environmental & Facilities Services

Address:

21 Howleys Road Notting Hill VIC Australia 3168

Phone:

61 3 9797 6700

MD, CEO & Exec. Director:

Mr. Sam Riggall LLB (Hons), B.Com., MBA

CFO & Investor Relations:

Mr. Ben Stockdale

Project & Start-Up Director:

Mr. Tim Kindred

Founder & Chief Technical Officer:

Mr. Peter Leonard Voigt B.App.Sc., M.App.Sc.

Exec. Gen. Mang. of Sales & Marketing:

Mr. John Carr

Principal Scientist:

Mr. Nickolai Zontov

Company Sec.:

Ms. Melanie Jaye Leydin C.A., B.Bus, CA

MD & Exec. Director of UV Guard Australia Pty Ltd:

Mr. Ross Dive

Company Overview:

Clean TeQ Holdings Limited, together with its subsidiaries, provides metals recovery and industrial water treatment services primarily in Australia. It operates in two segments, Water and Metals. The Water segment offers Continuous Ionic Filtration, Macroporous Polymer Adsorption, and Graphene Oxide and BIOCLENS resin technologies to filter, separate, purify, and recycle polluted water for drinking, agricultural, recreational, and industrial uses. The Metals segment provides Clean-iX resin technology for the extraction and purification of a range of resources, including base and precious metals, as well as radioactive elements, such as uranium. This segment is also involved in the development of the Sunrise project in New South Wales. Clean TeQ Holdings Limited was founded in 1990 and is based in Notting Hill, Australia.

CLQ Share Price Information

Shares Issued:

88.59M

Market Capitalisation:

$224.14M

Revenue (TTM):

$2.06M

Revenue Per Share (TTM):

$0.03

Earnings per Share:

$-0.024

Operating Margin (TTM):

$-84.64

Return On Assets (TTM):

$-0.73

Return On Equity (TTM):

$-1.43

Quarterly Revenue Growth (YOY):

1.338

Gross Profit(TTM):

$-11,007,000

Diluted Earnings Per Share (TTM):

$-2.635

CLQ CashFlow Statement

CashFlow Date:

2020-06-30

Investments:

$528K

Change To Liabilities:

$-6,252,000

Total Cashflow From Investing Activities:

$-42,309,000

Net Borrowings:

$203K

Net Income:

$-197,482,000

Total Cash From Operating Activities:

$3.45M

Depreciation:

$155.44M

Other Cashflow From Investing Activities:

$-517,000

Change To Account Receivables:

$1.86M

Capital Expenditures:

$42.32M

CLQ Income Statement

Income Date:

2020-06-30

Income Before Tax:

$-197,676,000

Net Income:

$-197,482,000

Gross Profit:

$-6,325,000

Operating Income:

$-197,622,000

Other Operating Expenses:

$3.79M

Interest Expense:

$54K

Total Revenue:

$2.12M

Cost Of Revenue:

$8.44M

CLQ Balance Sheet

Balance Sheet Date:

2020-06-30

Intangible Assets:

$3.54M

Total Liabilities:

$6.86M

Total Stockholder Equity:

$42.37M

Other Current Liabilities:

$3.87M

Total Assets:

$49.23M

Common Stock:

$289.64M

Other Current Assets:

$235K

Retained Earnings:

$-264,102,000

Other Liabilities:

$732K

Other Assets:

$3.53M

Cash:

$40.08M

Total Current Liabilities:

$5.43M

Property - Plant & Equipment:

$1.92M

Net Tangible Assets:

$42.21M

Long-Term Investments:

$456K

Total Current Assets:

$43.32M

Long-Term Debt:

$340K

Net Receivables:

$3M

Short-Term Investments:

$5.91M

Accounts Payable:

$533K

Short-Term Investments:

$5.91

Non Current Liabilities Total:

$1.72M

CLQ Share Price History

CLQ News

09 Feb, 2021
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
11 Dec, 2020
Sam Riggall has been the CEO of Clean TeQ Holdings Limited ( ASX:CLQ ) since 2015, and this article will examine the...
23 Oct, 2020
A look at the shareholders of Clean TeQ Holdings Limited (ASX:CLQ) can tell us which group is most powerful...
19 Oct, 2020
MELBOURNE, Australia, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that it has applied for a voluntary de-listing of its ordinary shares (‘shares’) from trading on the Toronto Stock Exchange (‘TSX’). TSX has subsequently confirmed that the Company’s shares will be de-listed and therefore no longer traded on the TSX after close of trading on 5 November 2020.No change will occur to the quotation and trading of Clean TeQ shares on the Australian Securities Exchange (‘ASX’) and its shares will remain available for trading on the ASX under the code CLQ.Reasons for de-listingThe decision to de-list is due to several factors, including the limited trading volume of Clean TeQ’s shares on the TSX over a sustained period of time. Over a 12-month period to early-October 2020, 96% of shares traded occurred on the ASX. Furthermore, the average daily volume of shares traded on ASX over the same period was 1,245,000 compared to 48,800 on the TSX. In addition, only 1.7% of Clean TeQ’s shares are held on the Canadian share register. As a result, the Board of Directors considers the regulatory and other costs associated with maintaining the TSX listing cannot continue to be justified.Implications of the delisting for shareholders on the Canadian share registerIn order to trade their shares on the ASX, Canadian registered and beneficial shareholders will need to have their shareholdings moved to the Australian share register.After the de-listing date of 5 November 2020 and until a movement of shares to the Australian register is effected, shareholders on the Canadian register, and beneficial shareholders holding their securities through a Canadian Depository for Securities (‘CDS’) participant/broker will not be able to trade their shares on the ASX and their shareholdings will remain on the Canadian share register until the automatic closure of the register occurs. The Company’s Canadian share register will, however, remain open until 9 December 2020, in order to enable shareholders and CDS participants currently on the Canadian share register to request, if they wish, to have their shares issued to a broker/nominee within CHESS, the Australian clearing and settlement system.If CDS participants or shareholders on the Canadian register have not requested to have their shares moved to an Australian broker/nominee within CHESS by 9 December 2020 their holding, will be automatically moved to an Issuer Sponsored holding on the Australian share register and they will be sent an Issuer Sponsored holding statement from the Australian Registrar. Once this occurs, these shareholders will be able to sell their shares on ASX by quoting their Securityholder Reference Number (‘SRN’) to their broker. Canadian share certificates previously issued will become null and void at such time. Shareholders whose shares are already held on the Australian share register need to take no action.Process to request the removal of shares from Canada to Australia prior to the closure of the Canadian share registerCDS participants, or those with shares held by a broker within CDS, who wish to have their shares moved over to the Australian share register and issued to a broker/nominee within CHESS should arrange for the CDS participant or broker to complete and submit either a ‘Computershare xSettle Electronic Instruction’ or ‘a Register Removal Request – Canada to Australia’ form to Computershare Investor Services Inc. (‘Computershare Canada’), the Company’s Canadian transfer agent.Registered shareholders with Canadian share certificates who wish to have their shares held with a CHESS broker/nominee will need to open an account with a CHESS broker/nominee and complete a ‘Register Removal Request – Canada to Australia’ form and submit it to Computershare Canada, together with the original Canadian share certificate(s) and a Stock Transfer Form, duly medallion guaranteed.The Canada to Australia Removal Form is available from:https://www-us.computershare.com/Investor/help/PrintableForms?cc=ca&lang=enShareholders are encouraged to contact Computershare Canada for more information about the Register Removal Process from Canada to Australia by telephone: 1-866-277-2086 or by email to:globaltransactionteam@computershare.comCanadian Reporting UpdateClean TeQ is a reporting issuer in Ontario and this will not change following de-listing from TSX. Clean TeQ is now a “designated foreign issuer” pursuant to National Instrument 71-102 – Continuous Disclosure and Other Exemptions Relating to Foreign Issuers (‘NI 71-102’). In line with Clean TeQ’s commitment to reduce costs, Clean TeQ will not file interim and annual management discussion and analysis and annual information forms as it is not required to do so under the disclosure requirements of Australia.Clean TeQ will satisfy its Canadian securities legislation requirements relating to continuous disclosure by complying with the disclosure requirements of Australia. Under Australian disclosure requirements, Clean TeQ will file interim six-month and annual audited financial results within the time limits prescribed by Australian securities legislation and the ASX Listing Rules.Until it ceases to be a reporting issuer, Clean TeQ will continue to satisfy its other Canadian continuous disclosure requirements by complying with the disclosure requirements of Australia as permitted by NI 71-102.For more information, please contact: Ben Stockdale, CFO and Investor Relations                                 +61 3 9797 6700This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.
15 Oct, 2020
MELBOURNE, Australia, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ; OTCQX:CTEQF) will participate in the Share Cafe Webinar - Micro/Small Cap "Hidden Gems" Webinar to be held today (Friday 16 October 2020) from 12:30pm AEDT / 9:30am AWST.CEO and Managing Director Mr Sam Riggall will provide an overview of latest developments in relation to the Company’s wholly owned Sunrise Battery Materials Complex in NSW as well as Clean TeQ’s Water Technology business.This free webinar is able to be viewed live via Zoom over the internet and will provide viewers the opportunity to hear from, and engage with, a range of ASX-listed leading micro/mid cap companies.To access further details of the event and to register (for free), please copy and paste the following link into your internet browser:https://us02web.zoom.us/webinar/register/WN_PQY2bMjATxCZgoDigxw0aAA recorded copy of the webinar will be made available following the event. A copy of the investor presentation to be delivered during the webinar is attached.For more information, please contact:Ben Stockdale, CFO and Investor Relations+61 3 9797 6700 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.
MELBOURNE, Australia, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that, in accordance with Listing Rule 3.13.2 and Section 251AA of the Corporations Act, the details of the resolutions and the proxies received in respect of each resolution are set out in the attached proxy summary. For more information, please contact:  Ben Stockdale, CFO and Investor Relations+61 3 9797 6700 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited. About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com. About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered. About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.Clean TeQ Holdings Limited 2020 Annual General Meeting Thursday, 15 October 2020 Voting ResultsThe following information is provided in accordance with section 251AA(2) of Corporations Act 2001 (Cth)Resolution Details Show of Hands (S) or Poll (P) Instructions given to validly appointed proxies (as at proxy close) Number of votes cast on the poll (where applicable) Res. Results ResolutionResolution TypeIf s250U appliesS or PForAgainstProxy’s DiscretionAbstainForAgainstAbstain*Carried/ Not Carried 1.Adoption of Remuneration ReportOrdinaryN/AP266,478,359 95.64%6,175,965 2.21%5,998,514 2.15%132,084 -273,395,348 97.77%6,236,797 2.23%23,221,812 -Carried 2.Re-Election of Mr Eric John Finlayson as a DirectorOrdinaryN/A P 347,965,771 84.08%59,137,069 14.29%6,756,330 1.63%617,346 - 355,536,713 85.73%59,197,901 14.27%721,209 - Carried 3.Re-Election of Mr Jiang Zhaobai as a DirectorOrdinaryN/A P 367,015,777 88.67%40,142,641 9.70%6,756,330 1.63%561,568 - 374,647,551 90.32%40,142,641 9.68%665,431 - Carried 4.Adoption of Employee Incentive Plan RulesOrdinaryN/A P 245,086,028 95.47%5,623,842 2.19%5,998,514 2.34%24,245,348 - 251,862,027 97.79%5,696,279 2.21%24,349,211 - Carried 5.Approval to Issue 671,511 Performance Rights to Mr Sam RiggallOrdinaryN/A P 264,739,796 95.02%7,829,283 2.81%6,048,514 2.17%29,355,427 - 271,570,422 97.17%7,897,615 2.83%29,380,427 - Carried 6.Approval to Issue 2,173,194 Performance Rights to Mr Sam RiggallOrdinaryN/A P 264,672,862 95.01%7,920,299 2.84%6,003,514 2.15%29,376,345 - 271,454,383 97.14%7,992,736 2.86%29,401,345 - Carried 7.Consolidation of Share CapitalOrdinaryN/A P This motion was withdrawn This motion was withdrawn - 8.Approval of 10% Placement FacilitySpecialN/A P 398,874,105 96.53%7,593,657 1.83%6,780,874 1.64%1,227,680 - 406,564,086 98.17%7,593,657 1.83%1,297,880 - Carried *Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.
MELBOURNE, Australia, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX: CLQ; OTCQX:CTEQF) gives notice via the attached Appendix 3Y of a change in Mr Sam Riggall’s interest in the Company reflecting the issue of unlisted performance rights to Mr Riggall pursuant to the shareholder approval obtained at the 2020 Annual General Meeting. For more information, please contact: Ben Stockdale, CFO and Investor Relations                                 +61 3 9797 6700This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.Rule 3.19A.2Appendix 3YChange of Director’s Interest NoticeInformation or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.Introduced 30/09/01 Amended 01/01/11Name of entity Clean TeQ Holdings Limited ABN 34 127 457 916 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.Name of DirectorSam Riggall Date of last notice15 September 2020 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.Direct or indirect interestDirect Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. At the 2020 Annual General Meeting of the Company held on 15 October 2020, shareholders agreed to grant up to: 1. 671,511 Performance Rights to Sam Riggall 2. 2,173,194 Performance Rights to Sam Riggall Date of change 15 October 2020 No. of securities held prior to changeDirect 1. 4,879,930 Fully Paid Ordinary Shares 2. 100,757 Unlisted Performance Rights (vesting date 1 January 2021) 3. 142,341 Unlisted Performance Rights (vesting date 1 July 2021) 4. 348,742 Unlisted Performance Rights (vesting date 1 January 2022) 5. 408,117 Unlisted Performance Rights (vesting date 1 July 2022) 6. 1,000,000 Unlisted Options exercisable at $0.53 each (expiring 9 August 2023)Indirect Salitter Pty Ltd 14,084,464 Fully Paid Ordinary Shares Agerasia Pty Ltd 1,696,935 Fully Paid Ordinary Shares The JTM Foundation 6,270,154 Fully Paid Ordinary Shares ClassUnlisted Performance Rights Number acquired 1. 671,511 Unlisted Performance Rights (vesting date 1 January 2023) 2. 2,173,194 Unlisted Performance Rights (vesting date 1 July 2023) Number disposed- Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation Nil No. of securities held after changeDirect 1. 4,879,930 Fully Paid Ordinary Shares 2. 100,757 Unlisted Performance Rights (vesting date 1 January 2021) 3. 142,341 Unlisted Performance Rights (vesting date 1 July 2021) 4. 348,742 Unlisted Performance Rights (vesting date 1 January 2022) 5. 408,117 Unlisted Performance Rights (vesting date 1 July 2022) 6. 671,511 Unlisted Performance Rights (vesting date 1 January 2023) 7. 2,173,194 Unlisted Performance Rights (vesting date 1 July 2023) 8. 1,000,000 Unlisted Options exercisable at $0.53 each (expiring 9 August 2023)Indirect Salitter Pty Ltd 14,084,464 Fully Paid Ordinary Shares Agerasia Pty Ltd 1,696,935 Fully Paid Ordinary Shares The JTM Foundation 6,270,154 Fully Paid Ordinary Shares Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-backIssue of securities pursuant to shareholder approval granted at the Company’s Annual General Meeting held 15 October 2020. Part 2 – Change of director’s interests in contractsNote: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.Detail of contractN/A Nature of interest N/A Name of registered holder (if issued securities) N/A Date of changeN/A No. and class of securities to which interest related prior to change 7\. Note: Details are only required for a contract in relation to which the interest has changedN/A Interest acquiredN/A Interest disposedN/A Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation N/A Interest after changeN/A Part 3 – +Closed periodWere the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?No If so, was prior written clearance provided to allow the trade to proceed during this period?N/A If prior written clearance was provided, on what date was this provided?N/A
14 Oct, 2020
MELBOURNE, Australia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ; OTCQX:CTEQF) will today at 12 noon (AEST) hold its 2020 Annual General Meeting via webcast. Shareholders and guests are able to register and attend the AGM by accessing the weblink below up to one hour prior to the commencement of the meeting:https://web.lumiagm.com/307096519Managing Director and CEO, Mr Sam Riggall, will provide a general update at the AGM. Mr Riggall’s presentation is attached.For more information, please contact: Ben Stockdale, CFO and Investor Relations+61 3 9797 6700 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited. About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.
Photo 1 Drill rig mobilised to Sunrise Project site has commenced drilling Photo 2 Drill rig on-site at Sunrise Project Figure 1 Sunrise Project: ML1770 with outline of the Ni/Co/Sc laterite deposit Figure 2 Pt cut-off grade shells (g/t) across Sunrise Ni/Co laterite deposit Figure 3 Plan view of historic drill hole locations with significant Pt intersections within the Phoenix Platinum Zone Figure 4 Cross Section illustrating some historic intercepts relative to the 0.15g/t Pt Laterite envelope (vertical exaggeration x 1.5) Figure 5 Proposed drill hole locations to test the geological interpretation of the dunite pipe structuresA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c738696-49e4-457a-a716-75add7f40005Highlights: * A drill rig mobilised to Sunrise Project site has commenced a six-hole diamond core drill program. The program is aiming to intersect the dunite structures at depth (targeting 400-600m below surface) which are proposed to be the source of the platinum in the Sunrise laterite at surface. * The Sunrise laterite hosts a significant platinum resource1 of 103.1 Mt @ 0.33 g/t Pt for 1,076,170 ounces of platinum, using a 0.15 g/t Pt cut-off grade, making it one of the largest platinum resources in Australia. Of this total resource, approximately 90% (metal content) is in the measured and indicated categories. While the average grade over the global resource is relatively low, areas of significantly higher-grade platinum mineralisation exist within the resource envelope. * An area of high-grade platinum mineralisation has been defined within the Sunrise laterite resource, forming a newly-classified Phoenix Platinum Zone. * Despite extensive drilling over previous decades, only a handful of holes have been drilled beneath the Sunrise laterite. Of these, significant historic downhole intersections include2: o 4m (from 119m) @ 7.4g/t Pt, 0.13% Ni and 0.01% Co, for 29.4 g.m Pt (SRC1257) o 1m (from 127m) @ 6.5g/t Pt, 0.15% Ni and 0.01% Co, for 6.5 g.m Pt (SRC1253) o 1m (from 23m) @ 4.2g/t Pt, 0.15% Ni and 0.01% Co, for 4.2 g.m Pt (SRC1261) All holes were drilled using reverse circulation rigs and no assays were undertaken for other PGEs in these drill samples. * Given the high platinum grades near surface and historic intercepts beneath the laterite, a program of work has commenced to test the structural geology of the Tout Intrusive Complex and to establish a platinum resource that will either integrate with the development of the Sunrise nickel-cobalt-scandium mine, or be developed as a stand-alone operation. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/06848162-3e17-4211-89f3-348928abec33MELBOURNE, Australia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Co-Chairman, Robert Friedland, and CEO, Sam Riggall, of Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ; OTCQX:CTEQF) provide the following update on the Company’s platinum development activities at the Company’s wholly owned Sunrise Project in NSW, Australia. EXISTING PLATINUM RESOURCE – OVER 1Moz DEFINEDThe Sunrise Project is located approximately 5km northwest of Fifield, at the eastern end of an intrusion known as the Tout Intrusive Complex. The core of the intrusive body is a dunitic, olivine-rich igneous rock of ultramafic composition, exhibiting a coarse-grained texture and surrounded by pyroxenite and gabbro.Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f6c72bf8-7ccf-417c-87a9-485732cca4b8The surface expression of this magmatic system is a nickel-cobalt-scandium bearing laterite that forms the ore reserve3 for the Sunrise Project. The laterite is the product of weathering and decomposition of one or more dunite pipes, resulting in the gradual concentration of metals near surface.The Sunrise laterite hosts a significant resource of 103.1 Mt @ 0.33 g/t Pt for 1,076,170 ounces of platinum, using a 0.15 g/t Pt cut-off grade, making it one of the largest platinum resources in Australia. Of this total resource, approximately 90% (metal content) is in the measured and indicated categories. As shown by the drill intersections cited above, while the average grade over the global resource is relatively low, areas of significantly higher-grade platinum mineralisation exist within the resource envelope.Current interpretations of platinum distributions across the laterite suggest that the higher-grade accumulations have formed above one or more primary platinum sources within the underlying dunite. This has resulted in two zones of higher-grade accumulation – one in the east and one in the west – separated by a paleochannel, assumed to be comprised of mostly barren sediment.Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/69ac3193-21d1-48c2-a723-2bdf60be0f9eIn the late 19th century Fifield was the world’s largest source of platinum and the site of the only primary platinum mine in Australia. In more recent years, small scale platinum mining took place in alluvial leads and gravels. Within the Fifield Platinum Province approximately 20,000 oz of platinum, with accessory gold, has been mined from three buried channels radiating out from the Fifield township. A number of studies over previous decades have proposed that the alluvial leads within the Fifield area may have originated from the platinum within the Tout Intrusive Complex.The Fifield Platinum Province contains mineralisation that appears analogous to Alaskan-type ultramafic systems, often hosting extensive platinum group element (PGE) mineralization, including platinum (Pt), palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru). These include deposits located at Nizhny-Tagil in Russia and Onverwacht in South Africa. South Africa, Russia and Zimbabwe currently account for 85 per cent of global PGE production.Figure 3 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fb65ad40-e165-4dda-b5a0-0dc78407c0aaPHOENIX PLATINUM ZONEAs indicated in the drilling results above, exploration programs undertaken by Black Range Minerals and Ivanplats in the 1990s and 2000s intersected encouraging platinum mineralisation under the laterite. However, the handful of deep holes only reached a maximum depth of 140m from surface, with almost no assays undertaken for PGEs other than platinum. Geophysical work on the system needs geochemical calibration, to better understand the underlying rock types and structures that generated the mineralisation at surface.To address these gaps in knowledge, Clean TeQ commenced a review of existing geophysical data covering the project. As a result of this work, several targets were identified for further investigation. These targets suggest good alignment between the two major NE-NW structural orientations of the platinum mineralisation and interpretations of the potential structures. The two structures underlying the areas of high-grade mineralisation have an interpreted diameter of approximately 800m and are separated by the paleochannel. Part of the upcoming work program is to test whether these are in fact discrete systems, or whether the paleochannel represents a deeper fault structure dividing one larger system.Figure 4 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c955696-ad1a-4a77-9044-d33a711478eaPHOENIX PLATINUM ZONE WORK PROGRAMWork planned to better define the Phoenix Platinum Zone includes: * Diamond core drilling - a six hole drill program is currently underway and will run for approximately 4 months. The program is aiming to intersect the dunite structures at depth (targeting 400-600m below surface). Assay results from the diamond core drilling program will be progressively released to the market in accordance with the Company’s continuous disclosure obligations. * Geophysics –re-processing and interpretation of aeromagnetic and sub-audio magnetic (SAM) geophysical surveys over the Sunrise deposit is complete and has delineated local scale structures, magnetic zonation and pipe formations. The diamond drilling program will aim to further calibrate and refine the current geophysical model. * Metallurgy – the platinum in the Sunrise laterite reports predominantly as an isoferroplatinum, whose separation and recovery via simple gravity circuits can often be impeded by grain size and deportment of the platinum. The Sunrise hydrometallurgical process route (to extract nickel, cobalt and scandium) provides an opportunity to test the deportment characteristics of platinum in a system where iron is chemically altered (from goethite to hematite) via a pressure acid leach process. Figure 5 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c153583b-96d0-462c-ad93-b08bcee091f7For more information, please contact:Ben Stockdale, CFO and Investor Relations           +61 3 9797 6700This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.COMPETENT PERSON’S STATEMENTThe information in this report that relates to exploration results is based on information compiled by Mr John Winterbottom, a member of the Australian Institute of Geoscientists. Mr Winterbottom is a full-time employee of Clean TeQ Sunrise Pty Ltd. Mr Winterbottom is a fulltime employee of Clean TeQ and has sufficient experience which is relevant to the style of mineralisation and type of deposit and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.Mr Winterbottom consents to the inclusion in this report of the matters based on their information in the form and context in which it appears.FORWARD-LOOKING STATEMENTS Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results, and speak only as of the date of this new release.Statements in this news release that constitute forward-looking statements or information include, but are not limited to, statements regarding: the potential for discovery of minerals and mineral resources at the Company’s mining tenements. Readers are cautioned that actual results may vary from those presented. All such forward-looking information and statements are based on certain assumptions and analyses made by Clean TeQ’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; changes in commodity prices; unexpected failure or inadequacy of infrastructure, or delays in the development of infrastructure, and the failure of exploration programs or other studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Other important factors that could cause actual results to differ from these forward-looking statements also include those described under the heading "Risk Factors" in the Company's most recently filed Annual Information Form available under its profile on SEDAR at www.sedar.com.Readers are cautioned not to place undue reliance on forward-looking information or statements.Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.* * *1 For full details see the ASX announcement dated 9 October 20172 Drilling undertaken by previous owner Ivanplats in 2005/06 with assays undertaken by ALS in Orange, NSW. Data is as per the drilling data records provided by Ivanplats to the Company. This historical data is relevant and material in the context of the deeper drilling program detailed herein. Although the Company is confident the drill data is accurate, the information is based on historic drilling and records and therefore does not conform to JORC 2012 standards.3 For full details see the ASX announcement dated 28 September 2020
MELBOURNE, Australia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that Resolution 7 (Share Consolidation) of the 2020 Notice of Annual General Meeting is withdrawn from the business of the meeting. Resolution 7 is being withdrawn due to the fact that the Australian Securities Exchange’s (‘ASX’) and Toronto Securities Exchange’s (‘TSX’) back office settlement systems and processes are not able to be aligned in order to implement the Share Consolidation while also allowing for shares to continue to trade on TSX post-consolidation. Rather than proceeding with the Share Consolidation and ceasing trading on TSX with very little notice to those shareholders, the Company has instead decided to withdraw the resolution. The Board of Directors are obviously very disappointed with this result, which has occurred despite the best efforts of the Company’s representatives in working with both of those organisations to achieve a satisfactory outcome.The Board of Directors wishes to thank shareholders for their support of Resolution 7, with 96% of shares voted at the close of proxy voting in favour of the Share Consolidation. Given the very strong support of shareholders for the Share Consolidation, the Directors intend to put the resolution to shareholders again once it is practical to do so.For more information, please contact:  Ben Stockdale, CFO and Investor Relations +61 3 9797 6700 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.
14 Sep, 2020
MELBOURNE, Australia, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX: CLQ; OTCQX:CTEQF) gives notice via the attached Appendix 3Y of on-market acquisitions of shares by Agerasia Pty Ltd as trustee for Agerasia Super Fund - SMSF.Mr Sam Riggall continues to remain a beneficial holder and controller of shares in Agerasia Pty Ltd. An updated statutory disclosure is attached for Mr Riggall.For more information, please contact:                                           Ben Stockdale, CFO and Investor Relations +61 3 9797 6700     This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited. About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com. About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered. About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.Rule 3.19A.2Appendix 3YChange of Director’s Interest NoticeInformation or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX’s property and may be made public.Introduced 30/09/01  Amended 01/01/11Name of entityClean TeQ Holdings Limited ABN34 127 457 916 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of DirectorSam Riggall Date of last notice9 September 2020 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.Direct or indirect interestIndirect Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.  Shares held by Salitter Pty Ltd, Agerasia Pty Ltd and The JTM Foundation are held under HSBC Custody Nominees (Australia) Limited. Salitter Pty Ltd Mr Sam Riggall is a director and a shareholder of Salitter Pty Ltd which holds Fully Paid Ordinary Shares in the Company as trustee for The Salitter Trust, of which Mr Riggall is a beneficiary. Agerasia Pty Ltd Mr Sam Riggall is a director and a shareholder of Agerasia Ltd which holds Fully Paid Ordinary Shares in the Company as trustee for Agerasia Super Fund - SMSF, of which Mr Riggall is a beneficiary. The JTM Foundation Mr Sam Riggall is a director of The JTM Foundation, a private ancillary fund established as a philanthropic trust for the sole purpose of providing grants to eligible charities. Date of change08 September 2020 No. of securities held prior to changeDirect 1. 4,879,930 Fully Paid Ordinary Shares 2. 100,757 Unlisted Performance Rights (vesting date 1 January 2021) 3. 142,341 Unlisted Performance Rights (vesting date 1 July 2021) 4. 348,742 Unlisted Performance Rights (vesting date 1 January 2022) 5. 408,117 Unlisted Performance Rights (vesting date 1 July 2022) 6. 1,000,000 Unlisted Options exercisable at $0.53 each (expiring 9 August 2023)Indirect Salitter Pty Ltd 14,084,464 Fully Paid Ordinary Shares Agerasia Pty Ltd 1,681,589 Fully Paid Ordinary Shares The JTM Foundation 6,270,154 Fully Paid Ordinary Shares ClassFully Paid Ordinary Shares Number acquired15,346 Number disposed- Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation $5,074 No. of securities held after changeDirect 1. 4,879,930 Fully Paid Ordinary Shares 2. 100,757 Unlisted Performance Rights (vesting date 1 January 2021) 3. 142,341 Unlisted Performance Rights (vesting date 1 July 2021) 4. 348,742 Unlisted Performance Rights (vesting date 1 January 2022) 5. 408,117 Unlisted Performance Rights (vesting date 1 July 2022) 6. 1,000,000 Unlisted Options exercisable at $0.53 each (expiring 9 August 2023)Indirect Salitter Pty Ltd 14,084,464 Fully Paid Ordinary Shares Agerasia Pty Ltd 1,696,935 Fully Paid Ordinary Shares The JTM Foundation 6,270,154 Fully Paid Ordinary Shares Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-backOn-market acquisition. Part 2 – Change of director’s interests in contractsNote: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.Detail of contractN/A Nature of interest N/A Name of registered holder (if issued securities) N/A Date of changeN/A No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed N/A Interest acquiredN/A Interest disposedN/A Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation N/A Interest after changeN/A Part 3 – +Closed periodWere the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?No If so, was prior written clearance provided to allow the trade to proceed during this period?N/A If prior written clearance was provided, on what date was this provided?N/A
Review of Potential Spin-Out Underway          One for Ten Share Consolidation Proposed for Approval at AGM MELBOURNE, Australia, Sept. 13, 2020 (GLOBE NEWSWIRE) --  Co-Chairman, Robert Friedland, and CEO, Sam Riggall, of Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ; OTCQX:CTEQF) provide the following update on a range of corporate activities currently underway which are aimed at enhancing shareholder value.SEPARATION OF SUNRISE FROM WATER BUSINESSClean TeQ’s water division is focused on the design, procurement, construction and operation of tailored water purification and recycling solutions in the mining, municipal and agri-food sectors. It also undertakes significant research and development into new water treatment technologies, including BIOCLENS®, and through the Company’s interest in the NematiQ joint venture, which is pursuing the development of graphene oxide membranes for water purification.In the past 12 months Clean TeQ Water has demonstrated the efficacy of its proprietary technologies at projects in Oman, Australia and the DRC and is now well established to secure and grow a healthy pipeline of new work.  With design, engineering and manufacturing facilities located in Australia and China, it is well positioned to capitalise on a rapidly growing water treatment market.This success provides Clean TeQ with the opportunity to consider a separation of its water division from the remainder of its business, comprising the Sunrise Project and the Company’s other mineral exploration activities in New South Wales.Establishing stand-alone, separately-listed entities will allow shareholders to more readily manage their own desired exposure to each of the businesses, as well as simplifying the investment proposition to new investors.   In the case of Sunrise, it also provides an opportunity to pursue investment and funding structures using a corporate vehicle comprising an asset suite focused exclusively on battery materials.    The Company has commenced a formal review for consideration of the Board, which will provide a recommendation to shareholders in due course.  The review will consider taxation, structuring and other regulatory implications.  The Company expects to conclude the review in Q4 of CY 2020.SHARE CONSOLIDATIONAs per the Notice of Annual General Meeting dated 11 September 2020, the Company is seeking shareholder approval for the Company to consolidate its issued share capital through the conversion of every ten shares into one share (‘Share Consolidation’). The Company currently has approximately 746 million Shares on issue. The Board considers it more appropriate to have a smaller number of shares on issue and a correspondingly higher share price. The Board also considers that the Share Consolidation will result in a more appropriate and effective capital structure for the Company and a share price more appealing to a wider range of investors, particularly offshore institutional investors.The consolidation will also likely result in a more appropriate and transparent share price outcome for shareholders if a separation of the businesses is to proceed. The Notice of Annual General Meeting dated 11 September 2020 contained an indicative timetable in relation to the proposed share consolidation. That indicative timetable and process will apply to shareholders in Australia. Canadian registered shareholders should expect to receive a letter of transmittal from the Company which will set out the instructions required to receive their shares on a post-share consolidation basis.TSX LISTINGClean TeQ is also undertaking a cost-benefit analysis of the Company’s secondary listing on the Toronto Stock Exchange (‘TSX’).  Approximately 1.6% of Clean TeQ’s shares are held on the TSX share register.  The review will also consider what impact a delisting from TSX may have on streamlining and simplifying any applicable regulatory processes if a separation of the businesses is to proceed.            For more information, please contact:Ben Stockdale, CFO and Investor Relations+61 3 9797 6700 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.FORWARD-LOOKING STATEMENTSCertain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results, and speak only as of the date of this new release.Statements in this news release that constitute forward-looking statements or information include, but are not limited to, statements regarding: the potential for a spin-out from the consolidated Clean TeQ group of either the Water Business Unit or the Metals Business Unit; Clean TeQ share price outcomes upon the occurrence of a share consolidation; and the ability of new corporate entities to simplify their investment proposition and market themselves to new investors.  Readers are cautioned that actual results may vary from those presented. All such forward-looking information and statements are based on certain assumptions and analyses made by Clean TeQ’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; changes in commodity prices; unexpected failure or inadequacy of infrastructure, or delays in the development of infrastructure, and the failure of exploration programs or other studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Other important factors that could cause actual results to differ from these forward-looking statements also include those described under the heading "Risk Factors" in the Company's most recently filed Annual Information Form available under its profile on SEDAR at www.sedar.com.Readers are cautioned not to place undue reliance on forward-looking information or statements.Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
09 Sep, 2020
MELBOURNE, Australia, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX: CLQ; OTCQX:CTEQF) advises that the Company’s Co-Chair and largest shareholder, Mr Robert Friedland, has increased his holding in Clean TeQ through on-market and off-market acquisitions of fully paid ordinary shares.Mr Friedland’s shares are held under JP Morgan Nominees Australia Limited and Canaccord Genuity (Australia) Limited and he continues to remain the beneficial holder and controller of those shares.An updated statutory disclosure is attached for Mr Friedland.    For more information, please contact: Ben Stockdale, CFO and Investor Relations+61 3 9797 6700 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.Appendix 3YChange of Director’s Interest NoticeInformation or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX’s property and may be made public.Introduced 30/09/01  Amended 01/01/11Name of entity                                  Clean TeQ Holdings Limited ABN                                                      34 127 457 916 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of DirectorRobert Martin Friedland Date of last notice5 July 2018 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.Direct or indirect interestIndirect Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.  Mr Friedland’s holdings are held under JP Morgan Nominees Australia Limited and Canaccord Genuity (Australia) Limited (registered holders). Mr Friedland continues to remain the beneficial holder and controller of those shares. Date of change1.  4 September 2020 2.  4 September 2020 3.  7 September 2020 4.  8 September 2020 5.  9 September 2020 No. of securities held prior to change96,600,896 Fully Paid Ordinary Shares ClassFully Paid Ordinary Shares Number acquired1.  2,765,020 2.  975,609 3.  3,252,432 4.  2,544,692 5.  1,604,365 Number disposedNil Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation1.  $606,645 2.  $200,000 3.  $944,831 4.  $841,530 5.  $534,093 No. of securities held after changeIndirect: JP Morgan Nominees Australia Limited: 96,600,896 Fully Paid Ordinary Shares Canaccord Genuity (Australia) Limited: 11,142,118 Fully Paid Ordinary Shares Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back1. On-market acquisition. 2. Off-market acquisition. 3. On-market acquisition. 4. On-market acquisition. 5. On-market acquisition. Part 2 – Change of director’s interests in contractsNote: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.Detail of contractN/A Nature of interest N/A Name of registered holder (if issued securities) N/A Date of changeN/A No. and class of securities to which interest related prior to change 6.    Note: Details are only required for a contract in relation to which the interest has changed  N/A Interest acquiredN/A Interest disposedN/A Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation  N/A Interest after changeN/A Part 3 – +Closed periodWere the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?No If so, was prior written clearance provided to allow the trade to proceed during this period?N/A If prior written clearance was provided, on what date was this provided?N/A
MELBOURNE, Australia, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX: CLQ; OTCQX:CTEQF) gives notice via the attached Appendix 3Y of on-market acquisitions by Salitter Pty Ltd, and off-market disposals of shares by The JTM Foundation. Mr Sam Riggall continues to remain a beneficial holder and controller of shares in Salitter Pty Ltd.  Mr Riggall remains a director of The JTM Foundation, a private ancillary fund established as a philanthropic trust for the sole purpose of providing grants to eligible charities in Australia.  The divestment of shares by The JTM Foundation has been undertaken by the trustee to allow the foundation to satisfy its commitments for philanthropic giving for the financial year.  The shares disposed of by The JTM Foundation were acquired by Clean TeQ Co-Chairman Mr Robert Friedland via an off-market transfer.   For more information, please contact:  Ben Stockdale, CFO and Investor Relations+61 3 9797 6700 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited. About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com. About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered. About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.Appendix 3YChange of Director’s Interest NoticeInformation or documents not available now must be given to ASX as soon as available.  Information and documents given to ASX become ASX’s property and may be made public.Introduced 30/09/01  Amended 01/01/11Name of entityClean TeQ Holdings Limited    ABN34 127 457 916    We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of DirectorSam Riggall    Date of last notice12 November 2019    Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.Direct or indirect interestIndirect    Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.  Shares held by Salitter Pty Ltd, Agerasia Pty Ltd and The JTM Foundation are held under HSBC Custody Nominees (Australia) Limited. Salitter Pty Ltd Mr Sam Riggall is a director and a shareholder of Salitter Pty Ltd which holds Fully Paid Ordinary Shares in the Company as trustee for The Salitter Trust, of which Mr Riggall is a beneficiary. Agerasia Pty Ltd Mr Sam Riggall is a director and a shareholder of Agerasia Ltd which holds Fully Paid Ordinary Shares in the Company as trustee for The Salitter Trust, of which Mr Riggall is a beneficiary. The JTM Foundation Mr Sam Riggall is a director of The JTM Foundation, a private ancillary fund established as a philanthropic trust for the sole purpose of providing grants to eligible charities.     Date of change04 September 2020    No. of securities held prior to changeDirect 1.  4,879,930 Fully Paid Ordinary Shares 2.  100,757 Unlisted Performance Rights (vesting date 1 January 2021) 3.  142,341 Unlisted Performance Rights (vesting date 1 July 2021) 4.  348,742 Unlisted Performance Rights (vesting date 1 January 2022) 5.  408,117 Unlisted Performance Rights (vesting date 1 July 2022) 6.  1,000,000 Unlisted Options exercisable at $0.53 each (expiring 9 August 2023) Indirect Salitter Pty Ltd 12,632,965 Fully Paid Ordinary Shares Agerasia Pty Ltd 1,681,589 Fully Paid Ordinary Shares The JTM Foundation 7,245,763 Fully Paid Ordinary Shares    ClassFully Paid Ordinary Shares    Number acquired1.  1,451,499    Number disposed2.  975,609    Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation 1.  $303,851 2.  $200,000    No. of securities held after changeDirect 1.  4,879,930 Fully Paid Ordinary Shares 2.  100,757 Unlisted Performance Rights (vesting date 1 January 2021) 3.  142,341 Unlisted Performance Rights (vesting date 1 July 2021) 4.  348,742 Unlisted Performance Rights (vesting date 1 January 2022) 5.  408,117 Unlisted Performance Rights (vesting date 1 July 2022) 6.  1,000,000 Unlisted Options exercisable at $0.53 each (expiring 9 August 2023) Indirect Salitter Pty Ltd 14,084,464 Fully Paid Ordinary Shares Agerasia Pty Ltd 1,681,589 Fully Paid Ordinary Shares The JTM Foundation 6,270,154 Fully Paid Ordinary Shares    Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-backOn-market acquisitions. Off-market disposal.    Part 2 – Change of director’s interests in contractsNote: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.Detail of contractN/A Nature of interest N/A Name of registered holder (if issued securities) N/A Date of change N/A No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed N/A Interest acquired N/A Interest disposed N/A Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation N/A Interest after change N/A Part 3 – +Closed periodWere the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? No If so, was prior written clearance provided to allow the trade to proceed during this period? N/A If prior written clearance was provided, on what date was this provided? N/A
07 Sep, 2020
MELBOURNE, Australia, Sept. 06, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX: CLQ; OTCQX:CTEQF) advises that the following securities have lapsed as they have reached their expiry date without being exercised:          ASX CodeNumber of securities and description CLQAI350,000 Options exercisable at $0.95 each The Company’s current capital structure therefore constitutes of the following classes of securities:           ASX CodeTotal number of securities and description CLQ746,460,205 Fully Paid Ordinary Shares CLQAA456,800 Performance Rights expiring 1 January 2021 CLQAA783,009 Performance Rights expiring 1 July 2021 CLQAA2,018,347 Performance Rights expiring 1 January 2022 CLQAA2,408,330 Performance Rights expiring 1 July 2022 CLQAA3,074,381 Performance Rights expiring 1 January 2023 CLQAA6,494,459 Performance Rights expiring 1 July 2023 CLQAI75,000 Options exercisable at $1.73 each expiring 6 November 2020 CLQAI5,000,000 Options exercisable at $1.80 each expiring 4 December 2020 CLQAI500,000 Options exercisable at $1.63 each expiring 12 March 2021 CLQAI1,000,000 Options exercisable at $1.88 each expiring 19 February 2021 CLQAI6,865,604 Options exercisable at $0.53 each expiring 9 August 2023 For more information, please contact:  Ben Stockdale, CFO and Investor Relations+61 3 9797 6700 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.
02 Sep, 2020
Figure 1 Sunrise Project: ML1770 with outline of the Ni/Co/Sc laterite deposit Figure 2 Pt Cut-off grade shells (g/t) across Sunrise Ni/Co laterite deposit Figure 3 Plan view of historic drill hole locations with significant Pt intersections within the Phoenix Platinum Zone Figure 4 Cross Section illustrating some historic intercepts relative to the 0.15g/t Pt Laterite envelope (vertical exaggeration x 1.5) Figure 5 Proposed drill hole locations to test the geological interpretation of the dunite pipe structuresNew high-grade Phoenix Platinum Zone outlined as part of existing 1,000,000 oz Pt resource at Sunrise Significant historic downhole intersections into bedrock have yet to be testedDrilling program to commence in coming weeksHighlights: * An area of high-grade platinum mineralisation has been defined within the Sunrise laterite resource, forming a newly-classified Phoenix Platinum Zone. Significant downhole intersections from earlier drilling campaigns include1: \- 12m (from 8m) @ 8.0g/t Pt, 0.55% Ni, 0.08% Co and 23ppm Sc, for 96.3 g.m2 Pt (SRC0680) - 13m (from 9m) @ 7.1g/t Pt, for 92.2 g.m Pt (SRC1262) - 6m (from 32m) @ 15.1g/t Pt, 0.95% Ni, 0.16% Co and 170ppm Sc, for 90.3 g.m Pt (SRC0308) - 4m (from surface) @ 18.1g/t Pt, 0.05% Ni, 0.01% Co and 27ppm Sc, for 72.4 g.m Pt (SRC0351) - 14m (from 20m) @ 4.4g/t Pt, 0.73% Ni, 0.02% Co and 75ppm Sc, for 61.7 g.m Pt (SRC0871) - 4m (from 16m) @ 10.1g/t Pt, 0.98% Ni, 0.27% Co and 26ppm Sc, for 40.6 g.m Pt (SRC1447) - 2m (from 20m) @ 18.9g/t Pt, 1.1% Ni and 0.07% Co, for 37.8 g.m Pt (SAC152) - 1m (from 19m) @ 35.3g/t Pt, for 35.3g.m pt (SRC1256) - 7m (from 23m) @ 4.7g/t Pt, 0.74% Ni, 0.02% Co and 82ppm Sc, for 32.7 g.m Pt (SCW7) These holes were drilled with a mix of reverse circulation, air core and calweld rigs, and with few exceptions, have not been assayed for other PGEs, such as palladium. * Despite extensive drilling over previous decades, only a handful of holes have been drilled beneath the Sunrise laterite. Of these, significant historic downhole intersections include3: - 4m (from 119m) @ 7.4g/t Pt, 0.13% Ni and 0.01% Co, for 29.4 g.m Pt (SRC1257) - 1m (from 127m) @ 6.5g/t Pt, 0.15% Ni and 0.01% Co, for 6.5 g.m Pt (SRC1253) - 1m (from 23m) @ 4.2g/t Pt, 0.15% Ni and 0.01% Co, for 4.2 g.m Pt (SRC1261) All holes were drilled using reverse circulation rigs and no assays were undertaken for other PGEs in these drill samples. * Given the high platinum grades near surface and historic intercepts beneath the laterite, a program of work has commenced to test the structural geology of the Tout Intrusive Complex and to establish a platinum resource that will either integrate with the development of the Sunrise nickel-cobalt-scandium mine, or be developed as a stand-alone operation.  MELBOURNE, Australia, Sept. 02, 2020 (GLOBE NEWSWIRE) -- Co-Chairman, Robert Friedland, and CEO, Sam Riggall, of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) provide the following update on the Company’s platinum development activities at the Company’s wholly owned Sunrise Project in NSW, Australia. EXISTING PLATINUM RESOURCE – OVER 1Moz DEFINED The Sunrise Project is located approximately 5km northwest of Fifield, at the eastern end of an intrusion known as the Tout Intrusive Complex. The core of the intrusive body is a dunitic, olivine-rich igneous rock of ultramafic composition, exhibiting a coarse-grained texture and surrounded by pyroxenite and gabbro.The surface expression of this magmatic system is a nickel-cobalt-scandium bearing laterite that forms the ore reserve4 for the Sunrise Project. The laterite is the product of weathering and decomposition of one or more dunite pipes, resulting in the gradual concentration of metals near surface. The Sunrise laterite hosts a significant resource of 103.1 Mt @ 0.33 g/t Pt for 1,076,170 ounces of platinum, using a 0.15 g/t Pt cut-off grade, making it one of the largest platinum resources in Australia. Of this total resource, approximately 90% (metal content) is in the measured and indicated categories. As shown by the drill intersections cited above, while the average grade over the global resource is relatively low, areas of significantly higher-grade platinum mineralisation exist within the resource envelope.  Current interpretations of platinum distributions across the laterite suggest that the higher-grade accumulations have formed above one or more primary platinum sources within the underlying dunite. This has resulted in two zones of higher-grade accumulation – one in the east and one in the west – separated by a paleochannel, assumed to be comprised of mostly barren sediment. In the late 19th century Fifield was the world’s largest source of platinum and the site of the only primary platinum mine in Australia. In more recent years, small scale platinum mining took place in alluvial leads and gravels. Within the Fifield Platinum Province approximately 20,000 oz of platinum, with accessory gold, has been mined from three buried channels radiating out from the Fifield township. A number of studies over previous decades have proposed that the alluvial leads within the Fifield area may have originated from the platinum within the Sunrise intrusive. The Fifield Platinum Province contains mineralisation that appears analogous to Alaskan-type ultramafic systems, often hosting extensive platinum group element (PGE) mineralization, including platinum (Pt), palladium (Pd), iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru). These include deposits located at Nizhny-Tagil in Russia and the Bushveld Complex in South Africa. South Africa, Russia and Zimbabwe currently account for 85 per cent of global PGE production. PHOENIX PLATINUM ZONE As indicated in the drilling results above, exploration programs undertaken by Black Range Minerals and Ivanplats in the 1990s and 2000s intersected encouraging platinum mineralisation under the laterite. However, the handful of deep holes only reached a maximum depth of 140m from surface, with almost no assays undertaken for PGEs other than platinum. Geophysical work on the system needs geochemical calibration, to better understand the underlying rock types and structures that generated the mineralisation at surface.To address these gaps in knowledge, Clean TeQ commenced a review of existing geophysical data covering the project. As a result of this work, several targets were identified for further investigation. These targets suggest good alignment between the two major NE-NW structural orientations of the platinum mineralisation and interpretations of the potential structures. The two structures underlying the areas of high-grade mineralisation have an interpreted diameter of approximately 800m and are separated by the paleochannel. Part of the upcoming work program is to test whether these are in fact discrete systems, or whether the paleochannel represents a deeper fault structure dividing one larger system. Mr Friedland noted, “As I’ve said for years, despite being an incredibly valuable base metals resource, Sunrise is one of the best walk-up precious metal drill targets on the planet. It is astounding what little work has been done to test geological interpretations under the blanket of this laterite, despite very encouraging results from historic drilling.  “It is pleasing to see a small renaissance of PGE interest in Australia, with Chalice Gold’s recent exploration success in Western Australia and now with work commencing on the east coast at Sunrise. In defining the Phoenix Platinum Zone we are now starting to pull together a work program that addresses the gaps in our knowledge. In an era resigned to monetary debasement and a search for safe-haven asset classes, platinum has a bright future.”PHOENIX PROPOSED WORK PROGRAMFuture work to better define the Phoenix Platinum Zone includes: * Diamond core drilling - a six hole drill program is planned for the second half of CY 2020. The program is aiming to intersect the dunite structures at depth (targeting 400-600m below surface). * Geophysics –re-processing and interpretation of aeromagnetic and sub-audio magnetic (SAM) geophysical surveys over the Sunrise deposit is complete and has delineated local scale structures, magnetic zonation and pipe formations. The diamond program will aim to further calibrate and refine the current geophysical model. * Metallurgy – the platinum in the Sunrise laterite reports predominantly as an isoferroplatinum, whose separation and recovery via simple gravity circuits can often be impeded by grain size and deportment of the platinum. The Sunrise hydrometallurgical process route (to extract nickel, cobalt and scandium) provides an opportunity to test the deportment characteristics of platinum in a system where iron is chemically altered (from goethite to hematite) via a pressure acid leach process.For more information, please contact: Ben Stockdale, CFO and Investor Relations +61 3 9797 6700This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com.About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.COMPETENT PERSON’S STATEMENTThe information in this report that relates to exploration results is based on information compiled by Mr John Winterbottom, a member of the Australian Institute of Geoscientists. Mr Winterbottom is a full-time employee of Clean TeQ Sunrise Pty Ltd. Mr Winterbottom is a fulltime employee of Clean TeQ and has sufficient experience which is relevant to the style of mineralisation and type of deposit and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Winterbottom consents to the inclusion in this report of the matters based on their information in the form and context in which it appears.FORWARD-LOOKING STATEMENTS Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results, and speak only as of the date of this new release.Statements in this news release that constitute forward-looking statements or information include, but are not limited to, statements regarding: the potential for discovery of minerals and mineral resources at the Company’s mining tenements. Readers are cautioned that actual results may vary from those presented. All such forward-looking information and statements are based on certain assumptions and analyses made by Clean TeQ’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; changes in commodity prices; unexpected failure or inadequacy of infrastructure, or delays in the development of infrastructure, and the failure of exploration programs or other studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Other important factors that could cause actual results to differ from these forward-looking statements also include those described under the heading "Risk Factors" in the Company's most recently filed Annual Information Form available under its profile on SEDAR at www.sedar.com.Readers are cautioned not to place undue reliance on forward-looking information or statements.Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.* * *1 For full details see the ASX announcement dated 9 October 2017 2 g.m = gram metres: Pt assayed grams per tonne x metres of intersection 3 Drilling undertaken by previous owner Ivanplats in 2005/06 with assays undertaken by ALS in Orange, NSW. Data is as per the drilling data records provided by Ivanplats to the Company. This historical data is relevant and material in the context of the deeper drilling program detailed herein. Although the Company and the Competent Person is confident the drill data is accurate, the information is based on historic drilling and records and therefore does not conform to JORC 2012 standards. 4 For full details see the ASX announcement dated 25 June 2018: Clean TeQ Sunrise Definitive Feasibility Study CompletedPhotos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/3353dd4a-b2d4-405e-ab34-88cab1e6eed0https://www.globenewswire.com/NewsRoom/AttachmentNg/8bd1eac1-1aa3-4f25-85a3-7d24fc0c8088https://www.globenewswire.com/NewsRoom/AttachmentNg/07c9eeea-86ab-4748-9d9a-3c19d7654b60https://www.globenewswire.com/NewsRoom/AttachmentNg/b6262311-9c8a-46c9-ba6f-052e699b7c81https://www.globenewswire.com/NewsRoom/AttachmentNg/de348a27-293e-44fd-868f-c6735f096bcd
31 Aug, 2020
Image 1 Clean TeQ DESALX® plant installation at Fosterville Gold Mine, Victoria Image 2 Clean TeQ Continuous Resin-In-Column Ion Exchange plant in DRCPerformance tests completed and handover to Fosterville Gold Mine finalisedDESALX® a key enabler of Zero-Liquid-Discharge for mine wastewaterSeveral pilot programs now underway in China to deploy ion exchange water treatment plantsMELBOURNE, Australia, Aug. 31, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) announces the successful achievement of formal completion and handover of a ground-breaking Continuous Ion Exchange Desalination (DESALX®) plant at the Fosterville Gold Mine in Victoria, Australia owned by Kirkland Lake Gold Ltd. (TSX/NYSE: KL & ASX: KLA).Sam Riggall, Clean TeQ CEO, stated “After successfully demonstrating the world’s first ever commercial scale CIF® plant in Oman late last year, this is yet another moment of great significance for Clean TeQ.  Confirmation of the successful deployment of our innovative DESALX® solution for this application, designed and delivered by Clean TeQ, is strong validation of our proprietary continuous ion exchange technology, and provides us with a firm foothold in the mining waste water treatment market from which we can continue to grow the business.”   At the Fosterville Gold Mine in Victoria, Australia, Clean TeQ was engaged to design, supply and commission a two million litre-per-day Clean TeQ DESALX® mine water treatment plant. The plant is designed to deliver a sustainable water management solution by treating mine process water. The plant construction was completed in late 2019, with commissioning and operations commencing in early 2020.  The Company is pleased to confirm that the Clean TeQ designed and constructed plant has now passed the performance tests specified in the engineering, procurement and construction contract and the customer has issued a formal notice of acceptance and completion.The DESALX® technology consists of two continuous ionic filtration (CIF®) modules in series removing divalent cations and anions present in the water through complementary processes. The CIF® modules contain ion exchange resins that are cycled between columns using air lifts, allowing for continuous operation and regeneration of the system. This system increases impurity removal efficiency, reduces chemical use, and provides protection against fouling. The DESALX® solution is well suited to purification of difficult to treat waste waters with high hardness, sulphate, and heavy metals as well as suspended solids which can foul reverse osmosis membranes.  These types of waste waters are common in the mining industry, including acid mine drainage water. At Fosterville, the equipment provided by Clean TeQ includes a precipitation package to remove Antimony and Arsenic. The effluent from the clarifiers is treated by the DESALX® plant to remove Sulphate, Calcium, and Magnesium with gypsum as the only by-product. The DESALX® effluent is then further treated by reverse osmosis to produce water for re-use. The Clean TeQ system is a key enabling component of the customer’s overall water management strategy which includes a medium-term target of creating a true ‘zero liquid discharge’ solution that does not produce any saline brine and includes aquifer reinjection. Clean TeQ Water is now focused on completing one additional key project at a copper-cobalt mine in the DRC, and a number of pilot programs in China. This Clean TeQ system, as well as the plants recently completed in Oman and Australia, are the first of their type anywhere in the world and have been deployed as part of three different technical solutions.  The successful delivery and commissioning of these plants provides strong demonstration of the efficacy of Clean TeQ’s suite of proprietary ion exchange technologies and their versatility for metal extraction and waste water treatment.  As commercial scale plants, the facilities provide a valuable platform from which to now rapidly grow Clean TeQ Water. The mining and minerals processing industry provides Clean TeQ Water with significant opportunities across the globe.  As a result of tightening environmental regulations and increasing social and environmental awareness among investors, other water stressed areas in parts of Latin America, the Middle East, Africa, China, India, and Australia, are expected to see great investment into water management technologies, with a strong focus on water recovery and recycling, zero liquid discharge and metal recovery technologies.  The global mining water and wastewater treatment market is estimated to be valued at approximately $5 billion per annum, with projections that it will expand to approximately $8 billion by the end of 20231.  With a demonstrable track record of successfully delivering customised water treatment solutions for a range of mining and mineral processing customers, Clean TeQ is uniquely positioned to capitalise on this growing market.For more information, please contact: Ben Stockdale, CFO and Investor Relations (Australia)  +61 3 9797 6700 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited. _________________ 1 Research and Markets: Growth Opportunities for Sustainable Solutions in the Global Mining Water and Wastewater Treatment Market, Forecast to 2023 About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com. About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered. About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal, zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com. FORWARD-LOOKING STATEMENTS Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company, ,  Clean TeQ Water, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results, and speak only as of the date of this new release.Statements in this news release that constitute forward-looking statements or information include, but are not limited to, statements regarding: the effectiveness of Clean TeQ’s proprietary water treatment processes; the growth in size of applicable target markets; and the potential for the Company to expand its sales of water treatment plants. Readers are cautioned that actual results may vary from those presented. All such forward-looking information and statements are based on certain assumptions and analyses made by Clean TeQ’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; changes in commodity prices; unexpected failure or inadequacy of infrastructure, or delays in the development of infrastructure, and the failure of exploration programs or other studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Other important factors that could cause actual results to differ from these forward-looking statements also include those described under the heading "Risk Factors" in the Company's most recently filed Annual Information Form available under its profile on SEDAR at www.sedar.com.Readers are cautioned not to place undue reliance on forward-looking information or statements.Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release. Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/eaad18f8-3be4-406d-bd55-16adf0972fb7https://www.globenewswire.com/NewsRoom/AttachmentNg/1cc3e370-2ff5-4c36-aa27-6decd2820a61
27 Aug, 2020
Monthly plug-in-vehicle sales and year-on-year growth rates Source: www.ev-volumes.com Nickel Industry Cost Curve Source: Wood MackenzieGlobal Car Industry Awakens to the Sunrise of a Green Metals Age           Resumption of Electric Vehicle Sales Growth to Drive Unprecedented Demand for Nickel and Cobalt          Preliminary Study Results Confirm Long Life, Low Cost, Development Ready Asset          Clean TeQ Fully Committed to Sunrise Development for Auto Supply Chains           MELBOURNE, Australia, Aug. 27, 2020 (GLOBE NEWSWIRE) -- Co-Chairman, Robert Friedland, and CEO, Sam Riggall, of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) provide the following update on the Sunrise Nickel-Cobalt-Scandium Project.ELECTRIC VEHICLE MARKET UPDATEDespite significant economic uncertainty created by COVID-19, global electric vehicle sales surged in June and July and are, again, back to a healthy growth trajectory, supported by government policy initiatives across the world. Offsetting the decline in Chinese electric vehicle sales in the first half of 2020, European sales have been surprisingly strong, as carmakers prepare to release a number of new electric models to the market.  For the first time, Europe overtook China as the world’s largest market, with over half a million plug-in electric vehicles sold in the first half of 2020.  Governments across Europe are introducing stimulus plans that will provide momentum for electric vehicle adoption in the wake of COVID-19, supported by a mix of tightening emissions standards and subsidies to drive consumer demand.  These initiatives are expected to result in demand rebounding strongly in 2021.  Benchmark Minerals, a leading industry forecaster for the battery materials sector, anticipates global battery demand to reach almost 800 GWh by 2025 (166 GWh in 2020), with a 37% CAGR, requiring nickel consumption in batteries to grow from 140kt in 2020 to 570kt in 2025.  A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/335fe425-b8e8-4258-a371-d6258b841780In response, we have seen carmakers actively restructuring their businesses and supply chains to accommodate the new reality of electrification.  Auto companies are investing to secure battery manufacturing capacity and capability (for example, Volkswagen’s acquisition of a 26.5% stake in Chinese battery manufacturer Guoxuan High-Tech Co Ltd).  Similarly, OEMs - such as Tesla and BMW - are contracting directly with mining companies to secure raw materials from low risk jurisdictions that meet minimum ethical and sustainability criteria.  The clear trend is to increasing integration across the supply chain.  On the supply side for raw materials, COVID-19 has pushed back and delayed several China-financed nickel developments in Indonesia due to a combination of labour constraints in construction and, in some cases, community opposition.  Outside Indonesia, almost no new nickel capacity is being developed.  While cobalt markets remain well balanced, the Mutanda mine in the DRC, which represents 20% of world capacity, remains in care and maintenance due to low cobalt prices, while customers actively seek non-DRC supply options. “We are sitting at the foot of an enormous wave that is gathering momentum,” said Mr Friedland. “The transition to cleaner and more efficient forms of energy is inexorable.  It always has been.  What is rarely understood is the profound impact these transitions have on supply chains and raw materials.  In renewable energy, the global mining industry has yet to fathom the scale of the challenge it faces.  And, at least for now, it fails to comprehend the strategic significance of assets, like Sunrise, that are critical to enabling these new energy technologies. “Sunrise is a template for how you build the mine of the future for emerging, technology-driven, markets.  If a company like Tesla can clearly articulate its concerns – ‘please mine more environmentally-friendly nickel’ - it’s now for the mining industry to determine whether it can deliver a solution.” SUNRISE INTERIM STUDY RESULTS As previously advised, the Company will release the final outcomes for its Project Execution Plan (PEP) at the end of September 2020, including a full economic evaluation of the Project.   It will incorporate the latest engineering and design work based on updated material quantities, vendor pricing and labour costs.In the Company’s FY20 full-year financial results, a review of the carrying value of the Sunrise Project assets was undertaken, resulting in an impairment.  The review was based on a best estimate of probable outcomes from the studies currently underway and incorporated conservative macroeconomic assumptions, including forecast metal prices, as required by applicable accounting standards. Those macroeconomic assumptions included a 15% nominal post-tax discount rate and forecast prices of US$7.30/lb for nickel, US$21.60/lb for cobalt, US$1,500/kg for scandium oxide and an AUD/USD rate of 0.70.  As flagged in the Company’s release of 31 July 2020, the likely higher capital development cost and longer development schedule also impacted negatively on the review of the carrying value of the assets. Despite the accounting impairment, the Company remains extremely confident that Sunrise is an exceptionally unique and strategic asset whose inherent value is not based on its book value, but on its large-scale, long-life resource, its low cost of production and its highly advantageous sustainability credentials compared to other potential sources of supply.  When the final outcomes of the PEP are announced in late September 2020, the Company will base the Project’s economic analysis on assumptions consistent with market convention and metal price forecasts by a third-party independent expert.  These price forecasts will reflect the prices required to incentivise new projects to satisfy forecast demand.  It is worth noting that independent long-term price forecasts for nickel and cobalt have generally strengthened over the past year due to a challenging supply outlook, improved confidence in electric vehicle uptake and an increasing awareness of procurement risks. The key economic assumptions to be adopted in the Project’s financial assessment will be:Discount rate (2020 real)8% Long-term nickel sulphate price (USD/t NiSO4)~$5,300 Long-term LME nickel metal equivalent price (USD/t Ni)~$21,900 Long-term cobalt sulphate price (USD/t CoSO4)~$12,200 Long-term LME cobalt metal equivalent price (USD/t Co)~$59,500 Scandium oxide price (USD/kg)$1,500 AUD/USD rate0.70 Note: Prices quoted are in 2020 real terms.  LME nickel metal equivalent price excludes a $1/lb Ni sulphate premium.  Assumes a 22% nickel metal equivalent content in NiSO4 and a 20.5% cobalt metal equivalent content in CoSO4.Based on these economic assumptions the financial outcomes of the PEP are expected to remain very robust, positioning the Sunrise asset as one of the lowest cost producers of nickel and cobalt in the world. The current best estimates for the Project over the first 25 years of mine life, which formed the basis of the impairment test, are detailed below.  Note that the PEP deliverables are not yet complete, and these estimated outcomes may be subject to material change by the time final results are released in late September 2020. Capital Cost The current best estimate of the pre-production capital development cost is approximately US$1.99 billion, including contingency.  This represents an approximately one-third increase on the 2018 DFS estimate, driven by a number of factors: * Engineering and design scope changes to de-risk the plant and supporting infrastructure, and to ensure successful ramp-up. * Variations to materials of construction, designs to enhance ease of access for plant maintenance and increases in equipment redundancy at key process interfaces. * Updating the refinery design to enable refining of primary, intermediate and secondary (recycled) metal. * Construction of a longer power line from the regional centre of Parkes to site.  The connection to the NSW electrical grid at Parkes is an important enabler for providing options for 100% renewable power supply. * Escalation of indirect costs, particularly schedule-dependent assumptions such as labour rates and productivity, construction methodology and workforce requirements. The current estimate of capital intensity for Sunrise has been benchmarked, using publicly available data, against the construction cost and actual production capacity of a number of successfully operating nickel/cobalt plants of similar scale in Australia, Philippines, Cuba and Papua New Guinea.  While Sunrise’s capital intensity, at US$56k/t Ni-equivalent, sits at the higher end of that comparable range, it is worth noting that the Project incorporates a number of safety, environmental and operability design features that differentiate it substantially from other assets in the industry. ProductionThe current best estimate of mining, processing, production and sales forecasts are:PhysicalsAverage Annual Years 2-11Average Annual Years 2-25 Ore mined (tonnes)15,531,4023,325,140 Ore mill feed (tonnes)22,572,1462,655,361 Nickel grade: mill feed0.91%0.77% Cobalt grade: mill feed0.19%0.13% Ore PAL feed (tonnes)2,472,5662,488,875 Nickel grade: PAL feed0.93%0.80% Cobalt grade: PAL feed0.19%0.14% Nickel recovery: PAL feed92.50%92.35% Cobalt recovery: PAL feed91.09%90.88%                       Production and SalesAverage Annual Years 2-11Average Annual Years 2-25 Nickel Sulphate (tonnes)96,75383,596 Cobalt Sulphate (tonnes)20,91615,245 Nickel metal content (tonnes)21,28618,391 Cobalt metal content (tonnes)4,3513,171 Scandium recovered as Sc(OH)3 (Kg)325,09824,409 Scandium oxide sold (Kg)49,60015,667 Ammonium sulphate (tonnes)60,30650,462 1 The optimised mine plan involves stockpiling of intermediate material in early years for processing in later years.2 Ore is beneficiated to remove barren silica prior to being introduced to the autoclave.3 Scandium is recovered as a by-product of nickel and cobalt production initially as a scandium hydroxide concentrate which is stored on-site until required for conversion to scandium oxide.  The figures quoted are scandium oxide (Sc2O3) equivalent.4 Scandium hydroxide stored on-site is refined and sold to order.  The Company has assumed sales of scandium oxide will ramp-up progressively from 2 tonnes per annum in year 3 to 20 tonnes per annum by year 10.Operating costs Sunrise is designed to deliver some of the lowest cost metal units into the global battery supply chain. Supported by an integrated mining/refining operation and strong by-product credits, Sunrise is targeting first quartile nickel production costs over its 40-year mine life.The current best estimate of the Project’s operating costs, which are subject to on-going revision through the completion of the PEP phase, are:            Production and SalesUS$/lb Ni Years 2-11US$/lb Ni Years 2-25 C1 Operating Costs (before by-products)4.424.76     By-product credits   Cobalt Credits(5.81)(4.65) Scandium Credits(0.31)(0.58) Ammonium Sulphate Credits(0.17)(0.16) Total By-product credits(6.28)(5.39)     Total C1 cost net of by-product credits(1.86)(0.63) Note: By-product credits based on US$59,512/t Co (metal equivalent), US$1,500/kg Sc2O3 and US$130/t amsul.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e4f160b5-64f0-4900-a007-effc6b9dee0aSchedule Work continues to optimise the construction and ramp-up schedule.  The current best estimate remains an engineering, procurement and construction schedule from signing of an EPCM contract to first production of approximately three years, followed by a 24-month ramp-up to full production. FUNDING AND DEVELOPMENT COVID-19 has presented difficult conditions for financial markets and challenges for funding new projects. Pleasingly, though, engagement with the automotive sector on Sunrise remains on-going, despite these challenges.It will take time for automotive supply chains to adapt to a new reality.  Some OEMs are making that transition faster than others and some, like Tesla, are beginning to understand the enormity of the raw material challenges, particularly for nickel and cobalt.  At some point, significant investments need to be made in new mining capacity if electric vehicles are to become anything more than a niche market. To date, at least in nickel and cobalt, the mining industry has not been prepared to make that investment.  While the timing for completion of a transaction is not possible to forecast, Clean TeQ will continue to engage with potential partners across the supply chain.  As Mr Riggall noted, “We are fully committed to developing Sunrise.  We are also prepared to be patient and to wait for market conditions to improve. We have been extremely focused the past few years, completing a comprehensive program of test work and studies, obtaining key project approvals and securing the resource.  The result is a construction-ready, multi-decade asset producing some of the lowest cost nickel and cobalt units in the industry, designed to support well over 1 million electric cars per year.” Following release of the final PEP study results at the end of September, the Company will host a webcast for investors to review the Sunrise study results. UPDATE ON FUTURE SITE EXPLORATION ACTIVITIES In coming weeks, the Company will update the market on a work program intended to test the deeper mineral potential of Sunrise.  While the Sunrise laterite hosts over 1,000,000 ounces of platinum,5 no drilling campaign has ever been undertaken to test the source of this metal below the laterite.  5 For full details see the ASX announcement dated 9 October 2017As Mr Friedland noted, “It is difficult to think of a better walk-up drill target in Australia than the Sunrise dunite, with over one million ounces of platinum already defined at surface and a handful of historic drill holes intercepting high grade platinum in bedrock, but never adequately followed up.  The Sunrise resource may have a lot more to give.” For more information, please contact: Ben Stockdale, CFO and Investor Relations                                            +61 3 9797 6700This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited. About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com. About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered. About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com. FORWARD-LOOKING STATEMENTS Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results, and speak only as of the date of this new release.Statements in this news release that constitute forward-looking statements or information include, but are not limited to, statements regarding: the completion of the Sunrise Project Execution Plan; financing of the Sunrise Project; the outlook for electric vehicle markets and demand for nickel and cobalt; the EPCM and ramp-up schedule and capital development cost for the Sunrise Project;  production volumes and production cost and sustainability of Sunrise metal production. Readers are cautioned that actual results may vary from those presented. All such forward-looking information and statements are based on certain assumptions and analyses made by Clean TeQ’s management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believe are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements including, but not limited to, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; changes in commodity prices; unexpected failure or inadequacy of infrastructure, or delays in the development of infrastructure, and the failure of exploration programs or other studies to deliver anticipated results or results that would justify and support continued studies, development or operations. Other important factors that could cause actual results to differ from these forward-looking statements also include those described under the heading "Risk Factors" in the Company's most recently filed Annual Information Form available under its profile on SEDAR at www.sedar.com.Readers are cautioned not to place undue reliance on forward-looking information or statements.Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
24 Aug, 2020
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
19 Aug, 2020
MELBOURNE, Australia, Aug. 19, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that, in accordance with ASX Listing Rule 3.13.1, it’s next Annual General Meeting (“AGM”) will be held on Thursday, 15 October 2020 at 12.00pm (AEDT).  An election of directors will be held at this AGM pursuant to ASX Listing Rule 14.5. Details of the Directors’ to be elected will be included in the forthcoming Notice of AGM.The Closing Date for receipt of nominations for the position of Director is Thursday, 27 August 2020.  Any nominations must be received in writing no later than 5:00pm (Melbourne time) on Thursday, 27 August 2020 at the Company’s Registered Office.The Company notes that the deadline for nominations for the position of Director is separate to voting on Directors’ elections.  Details of the Directors’ to be elected will be provided on the Company’s Notice of AGM in due course.For enquiries, please contact: Melanie Leydin Company Secretary +61 3 9692 7222 This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited. About Clean TeQ Holdings Limited (ASX/TSX: CLQ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com. About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered. About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal and zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com.