VANCOUVER, BRITISH COLUMBIA, Dec. 10, 2009 (Marketwire) -- BioteQ Environmental Technologies, Inc. (TSX:BQE), a leader in the treatment of industrial waste water, has signed a contract with Minto Explorations Limited, a subsidiary of Capstone Mining Corporation (TSX:CS), to provide water treatment services at the Minto Mine, a copper mine located in the Canadian Yukon. The contract, which has a three-year term, provides BioteQ with a water treatment fee based on the volume of water treated, plus fees for labour. Minto provides for operating consumables. Because of the northern location, operation of the water treatment plant at the site will be seasonal, commencing with the spring snowmelt, and running through the summer months.
The operating contract follows BioteQ's recent agreement with Minto Explorations Limited to design and build the Minto Mine water treatment plant, for installation before spring runoff in 2010. BioteQ will provide a process guarantee that the plant will operate in accordance with the plant's design criteria during the term of the operating contract.
BioteQ Corporate Profile
BioteQ is a water treatment company that applies innovative technologies and operating expertise to solve challenging water treatment problems, reducing environmental liabilities while delivering lower life cycle costs for water treatment. The Company's commercially proven technologies treat industrial wastewater contaminated with dissolved heavy metals and sulphate, producing saleable by-products and clean water that can be discharged safely to the environment. BioteQ has built 8 plants at sites in Canada, the US, China, Australia and Mexico, with additional projects in design and construction.
BioteQ has been named one of Canada's Top 50 Most Socially Responsible Corporations by Jantzi Research and Maclean's, and the company's sustainable water treatment solutions have been recognized with the Canada Export Achievement Award, the Globe Award for Environmental Excellence, the PDAC Award for Environmental and Social Responsibility, the China Mining Environmental Protection Award, and the Mines & Money Sustainable Development Award. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bioteq.ca.
On behalf of the Board of Directors
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "might" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled "Risks" in the Company's Annual Report for the Year Ended December 31, 2008. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.
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