- BluMetric Environmental (TSXV:BLM) signed a C$2.9 million contract extension to service reverse osmosis water purification systems under the Canadian Department of National Defence
- The full-service water technology and environmental engineering firm caters mostly to commercial, industrial, government, military and mining clients
- BluMetric stock has given back 24.79 per cent year-over-year, while gaining 97.83 per cent since 2021
BluMetric Environmental (TSXV:BLM) signed a C$2.9 million contract extension to service reverse osmosis water purification systems under the Canadian Department of National Defence.
The company will provide ongoing refurbishment, support and maintenance services, in addition to conducting engineering studies for the purposes of system optimization, continuing from a three-year, C$5.8 million Master Service Agreement signed in 2025.
Servicing will be carried out by BluMetric’s WaterTech Canada division in Carp, Ontario, with contract extension work slated for completion by the end of 2026.
The news follows BluMetric’s Q1 2026 financial results, which were highlighted by record quarterly revenue of C$20.3 million, up by 45 per cent year-over-year, supported by a gross margin of 28 per cent within the company’s target range.
Leadership commentary
“This extension shows our accelerating manufacturing and service activity with the Department of National Defence as their trusted water provider,” Scott MacFabe, chair and chief executive officer of BluMetric Environmental, said in Friday’s news release. “We continue to successfully deliver under this contract ahead of schedule under the three-year agreement, which was signed less than a year ago with an initial value of C$5.8 million. BluMetric remains well-positioned as the Canadian military increases its procurement.”
About BluMetric Environmental
BluMetric is a full-service water technology and environmental engineering firm with a more than 50-year history of delivering sustainable solutions to complex challenges for commercial, industrial, government, military and mining clients.
BluMetric Environmental stock (TSXV:BLM) last traded at C$0.91. Shares have given back 24.79 per cent year-over-year, while gaining 97.83 per cent since 2021.
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