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Clean TeQ Water Ltd ( (AU:CNQ) ) has provided an announcement.
Clean TeQ Water Limited has secured a significant contract worth approximately A$19 million with Rio Tinto’s subsidiary for the Rincon Lithium Project in Argentina. This contract, one of the largest in Clean TeQ’s history, marks its first major project in South America and enhances its position as a global player in lithium refining and direct lithium extraction. The project will utilize Clean TeQ’s proprietary MBIX technology, which offers superior efficiency in water and metals processing. This strategic achievement is expected to bolster Clean TeQ’s industry positioning and provide a substantial opportunity for sustainable lithium production as demand continues to grow.
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 is a global technology leader based in Melbourne, Australia, specializing in economic and environmentally sustainable solutions for freshwater scarcity, mine tailings, and metal recovery. The company operates in core markets such as water and wastewater recycling, lithium production, and the remining and rehabilitation of mine tailings. With a presence in Melbourne, Perth, Darwin, Leeuwarden, Beijing, and Tianjin, Clean TeQ is committed to addressing global environmental challenges and collaborates with stakeholders internationally.
Average Trading Volume: 77,863
Technical Sentiment Signal: Buy
Learn more about CNQ stock on TipRanks’ Stock Analysis page.