SOURCE: BioteQ Environmental Technologies Inc.

BioteQ Environmental Technologies Inc.

August 06, 2015 17:00 ET

BioteQ Awarded New Contract for Selenium Piloting

VANCOUVER, BC--(Marketwired - August 06, 2015) - BioteQ Environmental Technologies Inc. (TSX: BQE), a leader in the treatment of mine waters, has secured a contract with a Canadian mining company to complete a pilot scale demonstration and evaluation of its Selen-IX™ technology to remove selenium from mine impacted water to less than 1 part per billion. The project will utilize BioteQ's existing mobile Selen-IX™ pilot plant and the scope of work and associated contract value are similar to recently completed pilot projects using the same Selen-IX™ mobile unit. BioteQ has commenced mobilization of its plant and is expected to complete piloting in Q4 2015.

David Kratochvil, President & Chief Executive Officer at BioteQ commented, "This new pilot contract demonstrates the increasing focus on controlling selenium by mining companies, regulators and impacted communities. Selen-IX™ can help address these issues by removing selenium to ultra-low levels compliant with the most stringent regulations in the world, and produce significant life cycle cost savings compared to existing solutions particularly when the treatment horizon is greater than 10 years."

BioteQ Corporate Profile
BioteQ is a service provider that specializes in treating mining wastewater and specific hydrometallurgical streams with the focus on reducing Life Cycle Costs while achieving compliance and introducing sustainability into water management. We have extensive expertise and operations experience in sulphide precipitation, ion exchange, alkali/lime neutralization and SART process technologies. Over the past decade, BioteQ has designed and commissioned plants at mine sites for leading organizations including Glencore Canada, Freeport McMoRan, Jiangxi Copper and the US EPA and is currently operating six plants under long-term contracts. These plants remove dissolved metals and sulphate to well below the required regulatory discharge limits while reducing or eliminating the production of waste sludge and/or recovering valuable metals from waste streams for sale which reduces the life cycle cost of water treatment. BioteQ is headquartered in Vancouver, Canada and trades on the TSX under the symbol BQE. Please visit our website at www.bioteq.ca for additional information.

The Toronto Stock 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 Annual Report for the year ended December 31, 2014 and the section entitled "Risk Factors" in the Company's Annual Information Form for the year ended December 31, 2014). 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.

Contact Information

  • For further information please contact:

    BioteQ Environmental Technologies
    Suite 1000 -- 1050 West Pender Street
    Vancouver BC Canada V6E 3S7

    David Kratochvil
    President & CEO
    dkratochvil@bioteq.ca

    Paul Kim
    CFO
    pkim@bioteq.ca

    t 604.685.1243 or 1.800.537.3073