Clean TeQ Water Limited (ASX: CNQ) is pleased to announce the successful completion of a A$6 million equity placement to institutional, sophisticated and professional investors.
November 14, 2025 -- The placement was strongly supported by new and existing shareholders, including the Company’s major shareholder, Mr Robert Friedland, who subscribed for A$1 million. Clean TeQ Directors have committed a further A$500,000, subject to shareholder approval at an Extraordinary General Meeting expected to be held in January 2026.
At a glance
- Company
- Clean TeQ Water Limited
- Ticker
- ASX: CNQ
- Announcement
- Financing
Key figures
- Completed equity placement
- A$6 million
- Robert Friedland subscription
- A$1 million
- Directors' commitment, subject to shareholder approval
- A$500,000
People
- Robert FriedlandMajor shareholder
Products and programs
The proceeds, together with existing cash, will strengthen the Company’s balance sheet and support the acceleration of its growing pipeline of international water and resource recovery projects. Funds raised will be applied toward:
- Project execution
- Strategic co-funding and licensing opportunities
- Debt reduction
- Working capital and team expansion
The placement positions Clean TeQ Water to advance a number of strategic priorities, including the multi-phase Rincon lithium refining project, the proposed second phase Nyrstar project in Europe, the proposed tailings storage project in Australia, and a lithium pilot project in the Middle East.
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Questions around this news
What does the completed A$6 million placement involve?
The company completed an equity raise of A$6 million, with participation from institutional, sophisticated and professional investors. Both new and current shareholders took part. Major shareholder Robert Friedland subscribed for A$1 million. The company says proceeds, alongside cash it already holds, are intended to reinforce its finances and help progress its international water and resource recovery work.
How does Clean TeQ Water plan to use the placement proceeds?
The company listed several intended uses: carrying out projects, providing strategic co-funding and pursuing licensing opportunities, reducing debt, and covering working capital and team growth. It also said the funds, combined with existing cash, are meant to support faster progress across its international water and resource recovery project pipeline.
What is the status of the directors’ additional contribution?
Clean TeQ directors have committed A$500,000, but that contribution depends on shareholder approval. The company expects an Extraordinary General Meeting to take place in January 2026, where shareholders are expected to consider the matter. The release does not describe the outcome of that meeting or indicate that the directors’ contribution has already been completed.
