Clean TeQ Holdings (ASX:CLQ) has today signed a Voluntary Planning Agreement (VPA) with the Shire Councils of Lachlan, Forbes and Parkes, demonstrating the Company’s commitment to ensure the benefits of the Clean TeQ Sunrise Project are shared among all our stakeholders.
Clean TeQ is a leader in metals recovery and industrial water treatment.
Under the VPA, Clean TeQ will fund local initiatives totalling over $18 million over the first 21 years of the Clean TeQ Sunrise Project.
Today’s signing triggers an initial $400,000 investment under the VPA into the local region.
Upon Clean TeQ making a formal decision to proceed with construction of the mine, further community enhancement contributions will be made each year in support of community and infrastructure enhancements at the discretion of the Councils.
Over the approved life of mine, Clean TeQ will contribute approximately $10 million in community enhancement contributions.
Shares in Clean TeQ Holdings (ASX:CLQ) are 2.47 per cent higher at $0.42.