• Awarded major contracts for Rio Tinto's Rincon Lithium, Sunrise Energy Metals' Scandium, and ENVA's phosphate removal
• Progressed commercialization of proprietary technologies including MBIX, DESALX, HIROX, and U-Column
• Completed $6M capital raise to support growth strategy

Clean TEQ Water Limited reported highlights from its Q2 FY26 quarterly activities, including being awarded several significant contracts: a US$12.5M MBIX contract for Rio Tinto's Rincon Lithium Project in Argentina, an engineering and technical services contract for the ion exchange and refinery circuits for Sunrise Energy Metals' scandium production, and a contract for an ATA® tailings dewatering plant in NSW, Australia. The company also made progress on commercializing its proprietary technologies, with the PHOSPHIX® phosphate removal plant in Ireland advancing into commissioning, the DESALX® water treatment system in Europe completing detailed design, and the U-Column Enhanced Desorption system at Heathgate Resources' uranium facility completing process validation. Operationally, the company successfully raised A$6M through a placement to support its growth strategy, and reported a positive net trade receivables/payables and contract asset position of A$2.1M at the end of the quarter. Looking ahead, the company expects to continue executing on existing contracts, progress advanced projects into full commercial scope, and selectively convert its opportunity pipeline, with a focus on water, resource recovery, and energy transition markets.

The company reported cash reserves of A$5.6M as at 31 December 2025.

Clean TEQ Water expects the coming quarter to be characterized by continued execution, selective project conversion, and strengthening validation of its proprietary technology platforms across water, resource recovery, and energy transition markets.