Friday, March 5, 2021

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Clean Teq: Makes progress at Sunrise as sun sets on 2020

  • Clean Teq’s (CLQ) December quarterly report showed continued development at its Sunrise Battery Materials Complex as 2020 drew to a close
  • The explorer’s electrical transmission line to connect Sunrise to the NSW electrical grid well underway and set to continue into the new year
  • Assays from its platinum group elements prospect in Phoenix Platinum Zone also expected by mid-February, with a further three drill holes expected
  • Over the period, Clean Teq also secured two water purification contracts in Queensland and Oman via its water division
  • The fundraise also expected to fuel permitting, land access environmental monitoring at Sunrise while the company continues to pursue a financing package for the project
  • Clean Teq sits on approximately $44 million in terms of liquid assets, with enough capital to see it through for the next 7.4 quarters based on current spending levels

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