CNQ Secures Phase 2 Contract with Nyrstar

• Awarded €5.06 million (~A$8.5 million) Phase 2 contract by Nyrstar
• Contract includes €1.08 million (~A$1.7 million) of provisional services
• Project will deliver a full-scale DESALX® sulphate and selenium removal system

Clean TeQ Water Limited (ASX: CNQ) has been awarded a €5 million (~A$8.6 million) Phase 2 execution contract by Nyrstar to deliver a DESALX® wastewater treatment system at its Nyrstar Balen (Belgium) operations, with an additional €1.08 million (~A$1.7 million) as provisional for the delivery of services. The execution contract follows the successful completion of the Phase 1 detailed engineering design, which commenced in May 2025, and marks the formal progression of the project into full-scale delivery. The DESALX® system will treat industrial process water, removing sulphate and selenium to meet environmental effluent discharge requirements, and demonstrates Nyrstar's commitment to continue to improve its environmental performance. The project builds on earlier testwork, piloting, and engineering phases undertaken collaboratively with Nyrstar. This contract award represents a significant milestone for Clean TeQ, demonstrating the successful conversion of a complex industrial wastewater project from engineering into execution for a major global resources company. It further strengthens Clean TeQ's growing portfolio of reference projects based on its proprietary Moving Bed Ion Exchange (MBIX) technology platform. The award also represents Clean TeQ's second major full-scale project delivery in Europe, reflecting increasing demand for advanced industrial wastewater treatment solutions driven by tightening regulatory standards across the region.

Delivery of major equipment is scheduled progressively through 2026 and early 2027, with installation, commissioning and project completion to follow equipment delivery in accordance with the agreed project schedule.