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.
-- 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.
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.
