Q2,2024 and new announcement Although Q2 numbers on the surface do not look so good,it is technical services that have declined significantly, while all other measurements appear quite positive. The technical services income should be overcome in the second half of 2024 as the income from new projects come on stream.
The recent announcement of the new water treatment plant for the closure of legacy tailings facility should provide a very good new source of income for perhaps a number of years as well as be a great advertisement for BQE's engineering excellance. Please see below!
QE Water selected for Yukon water treatment plant
2024-08-29 18:09 ET - News Release
Mr. David Kratochvil reports
BQE WATER WINS CONTRACT TO DESIGN AND SUPPLY WATER TREATMENT PLANT FOR THE CLOSURE OF LEGACY TAILINGS IN THE YUKON
Elsa Reclamation & Development Company Ltd. has contracted BQE Water Inc. to design, supply, install and commission a new water treatment plant for the closure of the legacy Valley tailings facility near Mayo, Yukon, on the traditional territory of the First Nation Na-Cho Nyak Dun.
The WTP will treat water generated during tailings excavation and consolidation, and discharge treated water into the environment, pursuant to the water use licence and applicable laws and environmental standards. The treatment process targets primarily heavy metals.
Under the contract, BQE Water is responsible for implementing the new treatment system, including engineering design, equipment procurement, site installation, commissioning and start-up of the WTP, with an expected completion in second quarter 2025. The WTP will be installed inside a prefabricated building and will operate seasonally between spring freshets and fall freeze-ups for as long as needed, currently anticipated to be six years.
David Kratochvil, the president and chief executive officer of BQE Water, stated: "This project is very significant and strategic for the company in multiple ways: It gives us an opportunity to showcase a rapid and cost-effective deployment of a fit-for-purpose treatment that eliminates long-term liability at a remote site; second, it will increase BQE's presence in Yukon and leverage our experience and resources currently working at Minto and Keno Hill; third, it will be our first project performed in partnership with the FNNND, where the goals of the Na-Cho Nyak Dun Development Corp. is perfectly aligned with our own: to be responsible for clean water production from mining projects located on the traditional territory of the FNNND."
Margaret Dumkee, the interim chief executive officer of the Na-Cho Nyak Dun Development, stated: "Everyone in our community considers clean water essential, and ensuring that mining and/or mining legacies don't create pollution is a high priority. We look forward to the successful implementation of BQE's water treatment at the Valley tailings area, and jointly developing new opportunities that would support long-term socio-economic development of our nation such as, for example, operations of water treatment plants."
About BQE Water Inc.
BQE Water is a service provider, specializing in water treatment and management for metal mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise which enable 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 U.S. Environmental Protection Agency. BQE Water is headquartered in Vancouver, Canada, and trades on the TSX Venture Exchange under the symbol BQE.
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