Australia's Clean TeQ Water rises on Sunrise Energy Metals contract

Sunrise Energy Metals

04/09/2026 03:36

** Shares of Australia's Clean TeQ Water CNQ.AX rise as much as 2.1% to A$0.715, their biggest intraday gain since August 25
** Stock has lost 7% so far this week, on track for its worst week since June 29, if losses hold
** The water treatment firm says it has been awarded a front-end engineering design (FEED) and early works contract by Sunrise Energy Metals SRL.AX 
** Contract for the scandium recovery circuit at the Syerston Scandium Project in New South Wales, company says
** The full FEED scope is contracted, with an estimated value of A$2.0 million ($1.44 million) excluding GST 
** CNQ stock up 93.2%, YTD
     
($1 = 1.3877 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))