How Clean TeQ Water Is Driving Growth with New Contracts and Rising Cash Flow

Operational Momentum Builds

Clean TeQ Water Limited has delivered a robust start to fiscal year 2026, showcasing steady operational progress and improved financial metrics. The company’s proprietary Moving Bed Ion Exchange (MBIX) platform continues to underpin a diverse portfolio of water treatment and resource recovery projects globally. Notably, the commissioning and process proving of the U-Column Enhanced Desorption system at Heathgate Resources’ uranium facility in South Australia has advanced to performance testing, positioning Clean TeQ as a key player in sustainable uranium processing technologies.

Meanwhile, the Townsville Water Recycling Project in Queensland has reached practical completion, demonstrating Clean TeQ’s capability to deliver large-scale municipal water recycling solutions. This milestone underscores the adaptability and scalability of the company’s technology platforms in addressing critical water scarcity and environmental challenges.

Contract Wins and Project Advances

Clean TeQ’s commercial momentum is further evidenced by the €7 million (approximately A$11 million) contract awarded for the PHOSPHIX® phosphate removal plant in Ireland, developed in partnership with Enva. The plant is designed to meet stringent European phosphorus discharge standards, achieving near-complete water recovery and minimal solid waste generation. Procurement and factory acceptance testing are progressing on schedule, with deliveries expected imminently.

In Europe, the DESALX® water treatment system’s detailed design phase has been completed for Nyrstar’s metal processing operation, with a revised contract value of around A$8 million pending client approval. This plant targets removal of sulphate and selenium contaminants, critical for environmental compliance in industrial wastewater management.

Financial Performance and Cash Flow

Financially, Clean TeQ Water reported a significant increase in cash receipts from customers, rising to $5.2 million for the quarter from $3.3 million previously. Total cash received was $6 million, including $0.85 million realised from equity investments related to lithium extraction projects. The company’s cash reserves grew to $3.4 million, up from $2.1 million at the end of the prior quarter, supported by positive net operating cash flow of $0.8 million.

Operating costs increased moderately, reflecting expanded manufacturing and operational activities. The company maintains access to a $2 million loan facility, with $1 million drawn, providing additional financial flexibility. Payments to directors and related parties were disclosed at $150,000 for the quarter, consistent with prior periods.

Technology Commercialisation and Future Outlook

Clean TeQ continues to advance commercialisation of its MBIX platform across multiple sectors, including lithium extraction through its Go2Lithium joint venture, which has relocated its continuous Direct Lithium Extraction (cDLE®) pilot plant to the Middle East. Pilot programs for tailings dewatering technology (ATA®) are progressing in Australia and South Africa, showing promising results for sustainable mine waste management.

Additionally, development of PFAS-specific graphene membranes is moving towards pilot manufacturing, with potential partnerships in the Middle East to target drinking water applications. These innovations align with global trends towards circular economy principles and tightening environmental regulations.

Looking ahead, Clean TeQ Water enters the next quarter with strong operational momentum, an expanding project pipeline, and increasing revenue visibility. While execution risks remain moderate, primarily related to delivery schedules and field performance, early indicators suggest continued progress towards improved financial outcomes and market positioning.