Outlook The outlook for the Consolidated Entity in FY25 is optimistic and is expected to be driven by several strategic developments and important ongoing projects. • The development and trialling work on the water projects in Europe are expected to move to commercial contracts during the year. While the timing of contracts is unknown, indications are that they will need to be commenced in FY25 to meet the regulatory deadlines. (EPRS_BRI (2023)739370_EN PDF (www.europarl.europa.eu) • A focused sales and marketing approach to mining sectors’ issues in water and critical metals is expected to result in our first projects involving tailings reprocessing and water recycling. • Demonstrated results of work completed in South Africa and South America are also expected to result in commercial projects for the application of our ATA® rapid dewatering technology for tailings. These projects provide an annuity income stream through ongoing chemical sales and licencing. • The successful commissioning and operation of the cDLE® (continuous Direct Lithium Extraction) pilot plant at the LithiumBank facility in Calgary, Canada, is expected to trigger the grant of Tranche 2 equity. • The lithium JV, Go2Lithium, will expand its customer base to other regions where lithium offers a strategic advantage to the country. While the lithium price is currently depressed this does not alleviate the chronic demand supply gap that becomes critical post-2028. Companies wishing to be in a production position by that date must start their development phase in FY25. • NematiQ has completed all aspects of its development phase. Manufacturing partnerships and licencing models will now be pursued. While the outlook is positive, it is important to note the potential challenges, such as the complexities of scaling new technologies and the competitive landscape in water treatment and resource recovery sectors. Overall, the Consolidated Entity is positioned for growth in FY25, with strong project pipelines, technological advancements, and global market expansion efforts likely to play a crucial role in their success
CNQ Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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