- Water treatment specialist BQE Water (TSXV:BQE) signed a 20-year contract with the BC Government to provide operations and maintenance services for the Britannia Mine water treatment plant
- BQE Water is a water services provider for the metals mining, smelting and refining industries
- The mining services stock has given back 8.2 per cent year-over-year but remains up by 191.82 per cent since 2020, reflecting strong revenue and net income growth over the period
Water treatment specialist BQE Water (TSXV:BQE) signed a 20-year contract with the BC Government to provide operations and maintenance services for the Britannia Mine water treatment plant associated with the Britannia Mine, which was once the largest copper producer in the province before closing in 1974. The deal is the largest in company history.
The plant, located 50 kilometres north of Vancouver next to the Sea-to-Sky Highway, uses a high-density sludge lime treatment to neutralize acidity and remove heavy metals, primarily copper and zinc, from mine water collected in legacy underground workings, before discharging it into Howe Sound. Operations run through an average of 4-5 million cubic meters of mine-impacted water per year, preventing about 600 metric tons of heavy metal from entering the environment.
BQE will oversee the plant beginning on January 13, 2026, forming a six-member on-site team including locally based engineers, technicians and automation specialists. According to Thursday’s news release, initial work will include the installation of a computerized maintenance management system to reduce costs and risks, in addition to numerous infrastructure replacements or upgrades planned throughout the contract term.
Management commentary
“We are honoured to be entrusted by the Province of British Columbia with the operation of this important asset that protects a coastal ecosystem,” David Kratochvil, president and chief executive officer of BQE Water, said in a statement. “As a Vancouver-based company focused on mine water, we end up working at sites often far away from home. The Britannia Mine water treatment plant operation gives us a truly unique opportunity to leverage our knowledge and experience towards protecting and restoring marine environment in our home, and all of us at BQE are excited about this. From the corporate perspective, this is the largest contract signed by the company in its history.”
About BQE Water
BQE is a water services provider for the metals mining, smelting and refining industries.
The mining services stock (TSXV:BQE) opened unchanged trading at C$56. The stock has given back 8.2 per cent year-over-year but remains up by 191.82 per cent since 2020, reflecting strong revenue and net income growth over the period.
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