Blumetric signs $2.6M in watertech, engineering deal

Executive Summary

• Blumetric Environmental Inc. has secured $2.6 million in combined contracts with two multinational mining operators for projects in Ontario.
• The contracts consist of one watertech supply agreement for a potable water treatment plant and one professional services agreement for environmental investigations.
• CEO Scott MacFabe highlighted the company's ability to deploy both watertech and professional services to capture traction in the strengthening Ontario mining market.

Key Details

• Total Contract Value: $2.6 million.
• Contract 1 (Watertech):
  • Scope: Supply of a mission-ready water modular potable water treatment plant (PWTP).
  • Capacity: Up to 144,000 litres per day of drinking water.
  • Application: Expansion of a gold mining site.
  • Technical Specifications: Designed to remove total suspended solids, iron, manganese, and arsenic; operates at a wide range of ambient temperatures.
  • History: A smaller version of this plant was provided by Blumetric in 2022.
  • Manufacturing & Delivery: To be manufactured at the company's Carp, Ontario facility; expected to be delivered and commissioned within the next twelve months.
  • Scalability: Modular design allows for future potential expansion.
• Contract 2 (Professional Services):
  • Scope: Geotechnical and environmental investigations.
  • Location: An inactive gold mine in Ontario.
  • Timeline: Work expected to be completed by the end of the calendar year.
• Strategic Context: The wins represent a mix of new and repeat multinational clients, leveraging Blumetric's unique dual capability in watertech and professional services.

Notable Quotes

• "We continue to see traction in the Ontario mining market as conditions strengthen... These contract wins are a mix of new and repeat multinational companies. Our mining market is unique because Blumetric can deploy both watertech and professional services offerings." — Scott MacFabe, Chair and CEO