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Clean TeQ Water Signs Agreement for Technology Services with Sunrise Energy Metals

12 August 2021

Clean TeQ Water is pleased to announce that it has agreed with Sunrise Energy Metals Limited (ASX:SRL) on the continued provision of certain technical research and development services at the Sunrise Battery Materials Project in New South Wales. The Technical Services are to be provided under the Services Agreement described in the demerger booklet associated with Clean TeQ Water’s demerger from Sunrise Energy Metals (ref ASX release 17 May 2021).

The agreed scope of works will focus on two areas: characterisation of precursor cathode active material and optimisation of black mass processing. Part of this work scope will be undertaken through the Future Battery Industries Co-operative Research Centres Program (FBICRC), where Sunrise Energy Metals is an associate member of the independently managed government-industry partnership to build an Australian battery industry.

With European legislation soon to mandate a minimum percentage of recycled material in lithium ion batteries, recycling processes (in particular, black mass recycling) will become an increasingly critical component of future integrated supply chains. Clean TeQ Water has substantial expertise in metal recovery and recycling and the use of ionic resins to improve the efficiency of such processes. This support is part of a larger objective of Clean TeQ Water to use its expertise not only for pollutants and impurity removal but also for resource recovery, especially when related to metals related to the clean energy value chain.

The scope of works covers a period of two years with a value of approximately AUD $2M which will be billed as incurred. Sunrise Energy Metals may terminate the agreement at any time with notice and shall own all intellectual property developed under the scope of works. Clean TeQ Water looks forward to delivering these Technical Services and assisting Sunrise Energy Metals in its drive to sustainably provide battery materials for a decarbonising planet.