23:02:04 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Forward Water Technologies Corp
Symbol FWTC
Shares Issued 105,600,099
Close 2023-05-30 C$ 0.065
Market Cap C$ 6,864,006
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Forward signs technical adviser deal with CleanTech

2023-06-01 12:59 ET - News Release

Mr. Howie Honeyman reports

FORWARD WATER TECHNOLOGIES ANNOUNCES TECHNICAL ADVISORY ENGAGEMENT WITH CLEANTECH LITHIUM

Forward Water Technologies Corp. has signed a technical advisory engagement dated May 25, 2023, with CleanTech Lithium PLC to review and assess technologies capable of further increasing CleanTech Lithium's existing process efficiencies.

Under this advisory engagement, FWTC will evaluate and advise on various technologies for use within CleanTech Lithium's operations, at its Laguna Verde and Francisco Basin projects located in the lithium triangle within Chile.

Advisement on technology usage is based on increases in process performance related to water reuse, energy reduction, CO2 reduction and minimizing environmental impact, supporting CleanTech Lithium's mission of producing the worlds greenest and mot sustainable battery grade lithium. With laboratory resources and accomplished professionals in treatment design, FWTC is well positioned to support CleanTech Lithium in achieving their mission.

"As a progressive company, CleanTech Lithium already has effective processes in place but has engaged Forward Water to evaluate if current efficiencies can be pushed even higher" commented Grant Thornley, VP Engineering Solutions, of Forward Water Technologies Corp.

Commenting, Aldo Boitano, Chief Executive Officer, of CleanTech Lithium, said: "CleanTech Lithium champions a best-in-class mindset, ensuring that when opportunities capable of enhancing our position to become the leading producer and supplier of green lithium for the global EV market, we will always look to partner with those who can help us deliver on this ambition. We look forward to progressing with Forward Water."

About Forward Water Technologies Corp.

Forward Water Technologies Corp. is a publicly traded Canadian company dedicated to saving the earth's water supply using its patented Forward Osmosis technology. The Company was founded by GreenCentre Canada, a leading technology innovation centre supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors. In addition, the Company has initiated early-stage R&D for the treatment of food and beverage process streams.

For more information, please visit www.forwardwater.com.

About CleanTech Lithium

CleanTech Lithium (AIM:CTL, Frankfurt:T2N, OTCQX:CTLHF) is an exploration and development company advancing next-generation sustainable lithium projects in Chile for the EV transition. CleanTech Lithium's mission is to produce material quantities of battery-grade lithium by 2026, with near-zero carbon emissions with minimal impact on the environment, offering the EV market a green lithium supply solution.

CleanTech Lithium has three prospective lithium projects - Laguna Verde, Francisco Basin and Llamara - located in the lithium triangle, the world's centre for battery-grade lithium production. They are situated within basins entirely controlled by CleanTech Lithium, which affords significant potential development and operational advantages. The projects have direct access to excellent infrastructure and renewable power.

CleanTech Lithium is committed to using renewable power for processing and reducing the environmental impact of its lithium production by utilising Direct Lithium Extraction. Direct Lithium Extraction is a transformative technology which only adsorbs lithium from brine, with higher recoveries and purities. The method offers short development lead times, low upfront capex, with no extensive site construction and no evaporation pond development so there is no water depletion from the aquifer or harm to the local environment.

We seek Safe Harbor.

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