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An announcement from Clean TeQ Water Ltd ( (AU:CNQ) ) is now available.
Clean TeQ Water Limited has successfully raised approximately A$6 million through a placement to institutional and professional investors, including significant contributions from major shareholder Robert Friedland and company directors. The funds will be used to accelerate the company’s international water and resource recovery projects, strengthen its balance sheet, and support strategic priorities such as project execution, strategic co-funding, and team expansion. This financial boost positions Clean TeQ Water to advance key projects, including a lithium refining project in Argentina, a resource recovery project in Europe, and a tailings storage initiative in Australia.
The most recent analyst rating on (AU:CNQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clean TeQ Water Ltd stock, see the AU:CNQ Stock Forecast page.
More about Clean TeQ Water Ltd
Clean TeQ Water Limited operates in the water and resource recovery industry, focusing on delivering innovative solutions for water treatment and resource recovery projects. The company is engaged in executing international projects that aim to address water scarcity and enhance resource efficiency.
Average Trading Volume: 80,276
Technical Sentiment Signal: Buy
Learn more about CNQ stock on TipRanks’ Stock Analysis page.