Daytrading August 31 afternoon, page-18

CLQ. Anncmnt

Clean TeQ Holdings Limited (CLQ:ASX) (
Clean TeQ
or
Company
) has received notification from the
Company’s largest shareholder, Mr Robert Friedland, that he has increased his holding in Clean TeQ
to
19.9%
through a series of
recent
on
market purchases.
Mr Friedland stated “
the combination of the Syerston Project
and
its unique geological properties,
with
Clean TeQ’s
innovative
ion exchange technology, positions the company to
become a leading supplier of
nickel and cobalt sulphate
for use
in lithium ion batteries
. These are key raw materials required to power
the
extraordinary revolution taking place in electric mobility
. Through the development of Syerston, Clean
TeQ will also become the
world’s
largest
producer of scandium
,
which we expect will facilitate the
increased adoption of aluminium
-
scandium alloys for
light weight applications in the
global transportation
sector.