Clean TeQ Holdings signs VPA with local councils

Company News

by Rachael Jones

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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.