ASX Share rice
Fri 07 Aug 2020 - 08:51:am (Sydney)

CLQ Share Price

CLEAN TEQ HOLDINGS LIMITEDCLQCommercial & Professional Services

CLQ Company Information

Name:

Clean TeQ Holdings 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

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 and Macroporous Polymer Adsorption 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. The company was founded in 1990 and is based in Notting Hill, Australia.

CLQ Share Price Information

Shares Issued:

746.46M

Market Capitalisation:

$126.90M

Revenue (TTM):

$2.41M

Revenue Per Share (TTM):

$0

Earnings per Share:

$-0.024

Operating Margin (TTM):

$-8.37

Return On Assets (TTM):

$-0.05

Return On Equity (TTM):

$-0.08

Quarterly Revenue Growth (YOY):

-0.774

Gross Profit(TTM):

$-9,771,000

Diluted Earnings Per Share (TTM):

$-0.025

CLQ CashFlow Statement

CashFlow Date:

2019-06-30

Investments:

$-59,159,000

Change To Liabilities:

$-1,541,000

Total Cashflow From Investing Activities:

$-59,159,000

Net Borrowings:

$138K

Net Income:

$-17,921,000

Total Cash From Operating Activities:

$-15,071,000

Depreciation:

$218K

Other Cashflow From Investing Activities:

$-1,000

Change To Account Receivables:

$-14,260,000

Capital Expenditures:

$59.16M

CLQ Income Statement

Income Date:

2019-06-30

Income Before Tax:

$-18,013,000

Net Income:

$-17,921,000

Gross Profit:

$835K

Operating Income:

$-21,918,000

Other Operating Expenses:

$4.63M

Interest Expense:

$5K

Total Revenue:

$3.82M

Total Operating Expenses:

$22.75M

Cost Of Revenue:

$2.98M

CLQ Balance Sheet

Balance Sheet Date:

2019-06-30

Intangible Assets:

$9.37M

Total Liabilities:

$12.99M

Total Stockholder Equity:

$237.57M

Other Current Liabilities:

$8.08M

Total Assets:

$250.47M

Common Stock:

$289.64M

Other Current Assets:

$14.97M

Retained Earnings:

$-66,550,000

Other Liabilities:

$748K

Other Assets:

$7.47M

Cash:

$78.87M

Total Current Liabilities:

$12.11M

Property - Plant & Equipment:

$142.61M

Net Tangible Assets:

$235.52M

Long-Term Investments:

$0.98M

Total Current Assets:

$97.50M

Long-Term Debt:

$137K

Net Receivables:

$558K

Short-Term Investments:

$152.97M

Inventory:

$96K

Accounts Payable:

$3.12M

Non Currrent Assets (Other):

$1K

Short-Term Investments:

$152.97

Non Current Liabilities Total:

$885K

CLQ Share Price History

CLQ News

30 Jul, 2020
MELBOURNE, Australia, July 30, 2020 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) expects to recognise a non-cash write down of the carrying value of its Sunrise Project and project-related assets of approximately $A180 million in the 30 June 2020 full-year financial results based on a preliminary review of the carrying value of non-current assets undertaken by the Company.The Company has been progressing the Project Execution Plan (PEP) in conjunction with Fluor Australia Pty Ltd, part of the Fluor global engineering group headquartered in Irving, Texas.  As previously advised, the PEP deliverables include an update to the 2018 Definitive Feasibility Study (DFS) outputs including the production forecast, resources, reserves and operating cost estimates for the Project as well as a revised master schedule.  Although the PEP deliverables are not yet complete, in preparing the 30 June 2020 full-year financial results the Company has undertaken a review of the carrying value of the Sunrise Project assets based on a conservative best estimate of what the probable PEP outcomes will be as well as highly conservative macroeconomic assumptions including forecast metal prices.The PEP work scope includes a detailed re-estimation of the Project’s capital development cost, incorporating the latest engineering and design work. Updated vendor pricing for key equipment packages is being obtained for virtually all major equipment packages. Materials and labour costs are being re-estimated based on updated quantities and current market rates. As the PEP progresses towards completion, a number of trends are emerging, including a trend indicating that there is upward pressure on the capital cost estimate. Although the final economic outcomes of the PEP are yet to be determined, as per the announcement of 17 July 2020, the Company advises that the PEP capital estimate will likely be higher than the 2018 DFS estimate.  A likely higher capital development cost has impacted negatively on the review of the carrying value of the Sunrise assets.The partnering process the Company has been running with the support of Macquarie Capital remains on-going, however, to date the Company has not been able to secure an investment partner for the Project.  As such, the Company is not able to commit to a final investment decision (FID) in mid-2020, as was targeted.  Not unexpectedly, the COVID-19 pandemic has presented difficult conditions for financial markets and challenges for funding new project development.  However, the Company remains optimistic on the outlook for demand growth in the electric vehicle (EV) and lithium-ion battery sectors, and in particular the strategic importance of Sunrise as one of the largest suppliers of battery-grade nickel and cobalt into the global EV supply chain.  Given the strong outlook for nickel and cobalt demand, the Company remains committed to developing the Project once funding has been secured.  As such, the partnering process will continue, however the targeted timing for completion of any transaction is not possible to forecast, particularly in light of the significant uncertainty currently impacting the global economy as a result of the COVID-19 pandemic.  In assessing the carrying value of the Sunrise assets, the Company has taken into account the negative impact of the anticipated longer development timeframes for the Project.The write-down will impact the value of the exploration and evaluation asset and other assets recorded in relation to the Sunrise Project. The review of the carrying value of non-current assets will be finalised in conjunction with release of the 30 June 2020 full-year financial statements. This release is scheduled for Friday 21 August.The value of the Sunrise Project is supported by its large scale and long-life nickel, cobalt and scandium resource, which is expected to remain extremely competitive, with the PEP outcomes still targeting first quartile nickel production costs as a result of strong cobalt by-product credits.Sunrise will also be the global standard bearer for sustainable production of battery cathode materials, maintaining the highest standards in health, safety, environmental management and community relations.  By applying our proprietary ion exchange technology for the recovery of these key metals, we are building the next generation of nickel/cobalt mines that are lower risk, lower cost and dedicated to producing the specific materials that the battery industry needs.For more information, please contact: Ben Stockdale, CFO and Investor Relations                                            +61 3 9797 6700About 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.This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.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; and the 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.
22 Jul, 2020
Heads of Agreement Signed for Scandium Offtake 3D printing of the Terran 1 launch vehicle at Relativity’s Stargate factory 3D printing of the Terran 1 launch vehicle at Relativity’s Stargate factory Encompassing four buildings with 20,000 square feet of office space and production facilities, Relativity’s LA facility houses design, engineering, and production of the Terran 1 launch vehicle and the Stargate printers. Encompassing four buildings with 20,000 square feet of office space and production facilities, Relativity’s LA facility houses design, engineering, and production of the Terran 1 launch vehicle and the Stargate printers.MELBOURNE, Australia, July 21, 2020 (GLOBE NEWSWIRE) -- Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF), is pleased to announce a collaboration with Relativity Space, Inc. (Relativity) to develop scandium-aluminium alloys for 3D printing of launchers for commercial orbital launch services. The two companies have also agreed a binding Scandium Offtake Heads of Agreement for the Company to supply scandium oxide (volumes to be determined at Relativity’s election) from Clean TeQ’s Sunrise Project in NSW, Australia. The collaboration is consistent with Clean TeQ’s long term strategy, led by Dr. Timothy Langan, manager of Clean TeQ’s scandium alloy development programs, to assist industry players to investigate and develop new applications for scandium-aluminium alloys. The Company’s aim is to stimulate growth in demand for the material which will be converted into sales of scandium from the Sunrise Project once it is in operation.Clean TeQ’s technical and marketing team will work closely with Relativity on development of scandium-containing alloys for Relativity’s patented Stargate 3D printing process. Results so far are encouraging and trials are progressing.Clean TeQ’s Sunrise Project in New South Wales, Australia, is being developed as one of the world’s largest integrated producers of nickel sulphate and cobalt sulphate – key cathode materials for the electric vehicle battery market. However, it also hosts one of the largest and highest-grade scandium deposits ever discovered, positioning Clean TeQ to be a major supplier of low-cost scandium for production of next-generation lightweight aluminium alloys for use in a variety of industries, including aerospace, automotive and consumer products.Headquartered in Los Angeles, California, Relativity Space, Inc. is a private American aerospace manufacturing company which is developing its Terran 1, the world’s first 3D printed space launch rocket, and Aeon engines for commercial orbital launch services.3D printing of the Terran 1 launch vehicle at Relativity’s Stargate factory: https://www.globenewswire.com/NewsRoom/AttachmentNg/f0d6cea2-28a7-4860-80e3-0d587c27d8d4Aerospace manufacturing has traditionally relied on large factories, fixed tooling, complex supply chains and extensive manual labour to build costly rockets comprised of 100,000+ parts, with lead-times of two years or more. Relativity has engineered and built the Stargate factory, the first aerospace platform to automate rocket manufacturing, vertically integrating intelligent robotics, software, and data-driven 3D printing technology.Incorporating the world’s largest metal 3D printers and artificial intelligence driven controls, the Stargate factory continuously optimizes production, resulting in greatly enhanced quality and time improvements, lower costs and part counts, and product designs previously not possible. Relativity has developed multiple proprietary alloys, custom designed for 3D printing to meet mission-critical performance.Clean TeQ’s Chief Executive Officer, Sam Riggall, commented, “We are delighted to be partnering with Relativity on this important project. Scandium allows us to create a new generation of aluminium alloys with unrivalled functionality – alloys that are stronger, lighter, more corrosion-resistant and printable. These alloys have the potential to revolutionise the manufacturing processes for a range of industries, as Relativity is already demonstrating. Our relationship with Relativity reinforces our strategy of working with innovative companies to find new solutions between raw materials and advanced manufacturing.”Encompassing four buildings with 20,000 square feet of office space and production facilities, Relativity’s LA facility houses design, engineering, and production of the Terran 1 launch vehicle and the Stargate printers: https://www.globenewswire.com/NewsRoom/AttachmentNg/b067c3e3-0c2b-42e3-9fd3-08ceb05574c5Relativity’s CTO and Co-Founder, Jordan Noone, commented, “Relativity was founded on the principle that aerospace manufacturing can benefit significantly from emerging technology. Scandium alloys are a key part of being able to combine 3D printing with the structural needs of spaceflight. We are looking forward to working with Clean TeQ to continue our work in revolutionizing aerospace manufacturing.”Further information about the Terran 1 launchers and the Stargate 3D printing technology is available from Relativity’s website: https://www.relativityspace.com/.Under the terms of the Scandium Offtake Heads of Agreement, Clean TeQ will supply scandium oxide to Relativity from the Company’s Sunrise Project once production commences. Annual volumes will be determined by Relativity. The parties have agreed a fixed price for scandium supplied pursuant to the Heads of Agreement. The Heads of Agreement is for a maximum ten-year term, and may be terminated by Relativity with notice, or by Clean TeQ if certain defined minimum purchase volumes are not met.For more information, please contact:Ben Stockdale, CFO and Investor Relations (Australia)             +61 3 9797 6700About 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.This announcement is authorised for release to the market by the Board of Directors of Clean TeQ Holdings Limited.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, the Sunrise Project 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 development of the Sunrise Project, sales of scandium, Sunrise becoming an important supplier of low-cost scandium and the development of the scandium market. 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.
17 Jul, 2020
HIGHLIGHTS Sunrise Project Execution Plan progressing towards Q3 completion Grant of large new exploration licence in NSW prospective for base and precious.
02 Jul, 2020
16:07
Yahoo! Finance
MELBOURNE, Australia, July 02, 2020 -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that the following performance rights have lapsed as.
24 Jun, 2020
Mr Sam Riggall, Managing Director and Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (CLQ:ASX; CLQ:TSX; CTEQF:OTCQX), is pleased to announce that the Company’s BIOCLENS production facility in Tianjin, China, has been successfully commissioned and achieved steady-state operations. In 2018, Clean TeQ acquired an encapsulated bacteria technology comprising technology licences and a production plant for the manufacture of bacteria encapsulated in a polyvinyl alcohol (PVA) lens (BIOCLENS).
18 Jun, 2020
23:35
Yahoo! Finance
Mr Sam Riggall, Managing Director and Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (CLQ:ASX; CLQ:TSX; CTEQF:OTCQX), is pleased to provide an update in relation to recent activities at the  Clean TeQ Sunrise Project (Clean TeQ Sunrise or Project). The Company has been progressing the Project Execution Plan (PEP) in conjunction with Fluor Australia Pty Ltd, part of the Fluor global engineering group headquartered in Irving, Texas.
01 Jun, 2020
MELBOURNE, Australia, June 01, 2020 -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that the following securities have lapsed and have.
07 May, 2020
When Clean TeQ Holdings Limited (ASX:CLQ) released its most recent earnings update (31 December 2019), I wanted to...
19 Mar, 2020
Clean TeQ Holdings Limited (‘Clean TeQ’ or ‘Company’) (ASX/TSX:CLQ; OTCQX:CTEQF) provides the following update in relation to the business impacts of the control measures which have been implemented in response to the outbreak of COVID-19. At present there have been no material impacts on Clean TeQ’s ongoing operations. Until they are lifted, those measures are likely to result in delays to some of the Company’s field activities including progressing the completion of the ongoing water purification projects, pilot projects and CleanBio Lense manufacturing in China.
09 Mar, 2020
Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF), announces that strong progress is being made towards Clean TeQ securing an engineering, procurement and construction (EPC) contract with Townsville City Council for a large-scale water recycling plant utilizing our HiROx® process and BioLense encapsulated bacteria. HiROx® is an ultra-high recovery water treatment process which combines Clean TeQ’s continuous ion exchange (CIF) technology with reverse osmosis. Clean TeQ Water has been advised that it is the preferred contractor to deliver a recycled water re-use plant at the Cleveland Bay Purification Plant in Townsville, however, final award of an EPC contract is subject to a range of conditions including agreement on commercial terms, construction schedule and pricing.
As every investor would know, not every swing hits the sweet spot. But you want to avoid the really big losses like...
02 Mar, 2020
Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) advises that Mr Michael Spreadborough has tendered his resignation as Independent Non-Executive Director in order to focus on a recent executive appointment. The Board would like to thank Mr Spreadborough for his significant contribution to the Company’s development since his appointment in December 2016. An Appendix 3Z – Final Director’s Interest Notice for Mr Spreadborough is attached.
24 Feb, 2020
MELBOURNE, Australia, Feb. 24, 2020 -- Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) is pleased to advise that Managing Director and CEO Mr Sam.
07 Jan, 2020
We can readily understand why investors are attracted to unprofitable companies. For example, although...
18 Dec, 2019
Sam Riggall, Chief Executive Officer of Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF), is pleased to announce a collaboration with Panasonic Corporation Global Procurement Company to develop applications for Scandium Aluminium Alloys for Panasonic Group. The two companies have also agreed a binding Scandium Offtake Heads of Agreement for Clean TeQ to supply up to five tonnes per annum of scandium oxide (volumes to be determined at Panasonic’s election) from the Company’s Sunrise Project in Australia.
09 Dec, 2019
Global OTCQX Consumer and Resource Company Investor Presentations Now Available for On-Demand Viewing