VANCOUVER, BC – TheNewswire - September 2, 2021 – BQE Water Inc. (TSXV:BQE), a leader in the management of mining and metallurgical waste streams, has entered into an Operating Services Agreement with a US based mining project to provide water treatment services for the simultaneous removal of selenium and sulphate in compliance with environmental regulations.

Under the agreement, BQE Water will provide plant commissioning and operations services for an initial period of four years following completion of the plant performance test. Compensation for operations services consists of a base monthly fee and a supplemental fee for the volume of water treated that meets discharge specifications. The agreement comes after BQE Water completed process engineering design work in 2020 and 2021 to upgrade the existing water treatment plant at the project site to enable the removal of both selenium and sulphate to below regulated limits, which are among the most stringent globally.

 

David Kratochvil, President & CEO of BQE Water, commented, “This project is truly exciting for us. First off, the requirement for the simultaneous removal of selenium and sulphate allows us to push our expertise and leadership in key areas of modern mine water treatment. Secondly, it is gratifying to work with a major metal producer who understands the role of water in today’s resource projects and the value of having specialists operate plants which enables the project owner to focus on their core areas of expertise.”

 

Detailed engineering for the plant retrofit is nearing completion with the project currently in the construction phase. The plant is expected to complete commissioning in the first half of 2022.

 

About Selenium

Selenium is a naturally occurring element essential to all life forms in trace amounts. It is transferred into water through the weathering of plant life, soils and bedrocks. Selenium is also released into water as a by-product of mining activities. When selenium is present in water at higher concentrations, it may be harmful to fish and other aquatic life. As a result, selenium management has been identified as an important environmental issue by regulators and industry in North America.

 

About Sulphate

Sulphates are a form of salt that is produced from a wide range of industrial activities, including mining. At high concentrations, sulphates can impart taste and odour in drinking water and cause digestive disorders in humans. It is also harmful to aquatic life and negatively impacts crop yields and domesticated mammal reproduction. These concerns have led to increased regulatory scrutiny for sulphate. For industrial operations, there is also interest to reduce sulphates which cause scaling of equipment and leads to premature equipment failure and high maintenance costs.

       

About BQE Water

BQE Water is a service provider specializing in water treatment and management for metals mining, smelting and refining. We are helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise which enables more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in innovation and has developed unique intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA. BQE Water is headquartered in Vancouver, Canada and trades on the TSX Venture Exchange under the symbol BQE. Visit www.bqewater.com for more information.

 

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The Toronto Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained herein may not be based on historical fact and therefore constitutes "forward-looking information" under applicable Canadian securities legislation. This includes without limitation statements containing the words "plan", "expect", "project", "estimate", "intend", "believe", "anticipate", "may", "will" and other similar words or expressions. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks, uncertainties and other factors that may cause actual events or results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s dependence on key personnel and contracts, uncertainty with respect to the profitability of the Company’s technologies, competition, technology risk, the Company’s ability to protect its intellectual property and proprietary information, fluctuations in commodity prices, currency risk, environmental regulation and the Company’s ability to manage growth and other factors described in the Company’s filings with the Canadian securities regulators at www.sedar.com (including without limitation the factors described in the section entitled "Risks and Uncertainties" in the Company's MD&A for the year ended December 31, 2020). Given these risks and uncertainties, the reader is cautioned not to place undue reliance on forward-looking statements. All forward-looking information contained herein is based on management’s current expectations and the Company undertakes no obligation to revise or update such forward-looking information to reflect subsequent events or circumstances, except as required by law.

 

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