MELBOURNE, Australia, July 20, 2018 (GLOBE NEWSWIRE) -- Clean TeQ Holdings Limited ( Clean TeQ or the Company ) (ASX:CLQ) (TSX: CLQ ) (OTCQX:CTEQF) was delighted to host a delegation of senior Members of Parliament at the Clean TeQ Sunrise Project earlier this week including the Australian Deputy Prime Minister and the Commonwealth Minister for Resources and Northern Australia. The tour follows the recent completion of the Definitive Feasibility Study, which highlighted the global significance of the Clean TeQ Sunrise Project and its ability to generate substantial economic returns for shareholders as well as communities in the Central West region of New South Wales.
The site tour was attended by Senator the Hon. Matthew Canavan, Minister for Resources & Northern Australia, the Hon. Michael McCormack MP, Deputy Prime Minister and Member for Riverina, and the Hon. Mark Coulton MP, Member for Parkes, as well as the Mayors of the Shires of Lachlan, Parkes and Forbes.
Clean TeQ’s Chief Executive Officer Sam Riggall used the valuable opportunity to provide an update on the Company’s development strategy, the mine plan and processing technology, and highlighted the Project’s critical role in producing the strategic metals – nickel sulphate, cobalt sulphate and scandium – required to supply the lithium ion battery and light weight alloy markets. The briefing also highlighted the significant benefits the Project will generate for local communities in the form of infrastructure upgrades, local employment opportunities, royalties and taxes.
The Hon. Michael McCormack MP, Deputy Prime Minister, said the Project was of international significance. “This project will firmly establish Australia as a reliable and high-grade supplier of materials that will help drive the ever-increasing number of electric cars on roads around the world,” he said.
The Hon. Mark Coulton MP said the Project will also provide a jobs boost to the region. “At its peak this project is expected to employ a construction workforce of around 1,000 people and an ongoing workforce of 300 people. Local businesses will also benefit as suppliers of goods and services,” Mr Coulton said.
Clean TeQ’s Chief Executive Officer, Sam Riggall, commented: “Clean TeQ Sunrise will be a modern and sustainable mining operation, producing raw materials which are critical to the clean energy revolution. We greatly appreciated the opportunity to invite key members of parliament to site to explain our vision for the Project and highlight the exceptional economic and community benefits the development of this world-class asset will deliver.”
For more information, please contact:
| Richard Glass, Investor Relations (Australia) | +61 3 9797 6781 | |
| Evan Young, Investor Relations (North America) | +1 647 808 2141 |
About Clean TeQ Holdings Limited (ASX:CLQ) (TSX: CLQ ) – Based in Melbourne, Australia, Clean TeQ is a global leader in metals recovery and industrial water treatment through the application of its proprietary Clean-iX® continuous ion exchange technology. For more information about Clean TeQ please visit the Company’s website www.cleanteq.com .
About the Clean TeQ Sunrise Project – Clean TeQ is the 100% owner of the Clean TeQ Sunrise Project, located in New South Wales. Clean TeQ Sunrise is one of the largest cobalt deposits outside of Africa, and one of the largest and highest-grade accumulations of scandium ever discovered.
About Clean TeQ Water – Through its wholly owned subsidiary Clean TeQ Water, Clean TeQ is also providing innovative wastewater treatment solutions for removing hardness, desalination, nutrient removal, zero liquid discharge. The sectors of focus include municipal wastewater, surface water, industrial waste water and mining waste water. For more information about Clean TeQ Water please visit www.cleanteqwater.com .
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/Attachm...55126e244b
