BQE:CC - BQE Water Signs Multi-Year Operating Agreement for Mine Water Treatment Services at Minto Mine
(TheNewswire)
Vancouver, BC – TheNewswire – October 25, 2022 - BQE Water Inc. (TSXV:BQE) , aleader in the treatment and management of mine impacted waters, hasentered into an Operating Services Agreement with Minto Metals Corp toprovide plant operations services for an existing water treatmentplant at Minto Mine located approximately 240 km northwest ofWhitehorse, Yukon through to 2024.
Under the agreement, BQE Water will be responsible for clean waterproduction at the mine where the final effluent must meet stringentrequirements not only for metals but ammonia, nitrite and nitrate toprotect the aquatic life in the receiving environment. Included in theoperations services provided by BQE Water will be on-site technicalsupervision, coordination with Minto’s environmental andmetallurgical team to maximize the volume of water discharged into theenvironment, operator training, and on-site and off-site engineeringsupport.
BQE Water’s compensation will be composed of a base monthly fee anda supplemental fee for the volume of water treated that meetsdischarge specifications. It is estimated the plant will treat anddischarge 400,000 m 3 ofmine water for the remainder of the year and approximately 750,000 to1 M m 3 ofmine water in each subsequent year of the current contract.
“We are highly appreciative of the responsiveness andtechnical proficiency provided by BQE Water to address the concerns wehad with our water treatment plant,” stated Loralee Johnstone, theVP of Environment and Social Governance for the mine. “ The transition to their operations has beensystematic and transparent, with the resulting operational worksurpassing our expectations.”
David Kratochvil, BQE Water’s President & CEO added, “We valuethe opportunity to help Minto achieve its environmental and socialgovernance goals. We also look forward to collaborating with theSelkirk First Nation to achieve sustainable and transparent watermanagement at the mine.”
As part of its role at Minto, BQE Water has engaged in discussionswith the mine and the Selkirk First Nation about creating an activerole for the local community to participate in clean water productionat the site to ensure the continued protection of land and water forcountless generations in the future.
About BQE Water
BQE Water is a service provider specializing in water treatment andmanagement for metals mining, smelting and refining. We are helpingto transform the way the industry thinks about water in the context ofnatural resource projects by offering services and expertise whichenables more sustainable water management practices and improvedoverall project performance at reduced risks. BQE Water invests ininnovation and has developed unique intellectual property through thecommercialization of several new technologies at mine sites around theworld for organizations including Glencore, Jiangxi Copper,Freeport-McMoRan and the US EPA. BQE Water is headquartered inVancouver, Canada and trades on the TSX Venture Exchange under thesymbol BQE. Visit www.bqewater.com for moreinformation.
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Certain information contained herein may not be basedon historical fact and therefore constitutes "forward-lookinginformation" under applicable Canadian securities legislation.This includes without limitation statements containing the words"plan", "expect", "project","estimate", "intend", "believe","anticipate", "may", "will" and othersimilar words or expressions. Forward-looking statements are based onthe opinions and estimates of management at the date the statementsare made, and are subject to a variety of risks, uncertainties andother factors that may cause actual events or results to differmaterially from those expressed or implied by such forward-lookingstatements. Factors that could cause or contribute to such differencesinclude, but are not limited to, the Company’s dependence on keypersonnel and contracts, uncertainty with respect to the profitabilityof the Company’s technologies, competition, technology risk, theCompany’s ability to protect its intellectual property and proprietary information, fluctuations incommodity prices, currency risk, environmental regulation and theCompany’s ability to manage growth and other factors described inthe Company’s filings with the Canadian securities regulators at www.sedar.com (including withoutlimitation the factors described in the section entitled "Risksand Uncertainties" in the Company's MD&A for the year endedDecember 31, 2021). Given these risks and uncertainties, the reader iscautioned not to place undue reliance on forward-looking statements.All forward-looking information contained herein is based onmanagement’s current expectations and the Company undertakes noobligation to revise or update such forward-looking information toreflect subsequent events or circumstances, except as required bylaw.
For further information please contact:
BQE Water Inc.
Suite 250 – 900 Howe Street
Vancouver BC Canada V6Z 2M4
David Kratochvil, President & CEO
dkratochvil@bqewater.com
Heman Wong, CFO
hwong@bqewater.com
604 685 1243 or 1 800 537 3073
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