05:15 PM EDT, 07/10/2024 (MT Newswires) -- BQE Water ( BTQNF ) , on Wednesday said it won a contract to perform laboratory testing and conceptual engineering for a non-biological selenium removal water treatment plan at a mine in Latin America.

The company said the plant will use its patented Selen-IX to remove the pollutant.

"As the first selenium project with regulatory drivers linked to long-term operation of an existing large scale mine in Latin America, this early-stage technical assessment contract is very significant. First, it allows us to demonstrate the capabilities and quantified benefits of Selen-IX in reducing life-cycle costs and risks of selenium management," chief executive David Kratochvil said in a statement.

The value of the contract was not disclosed.

BQE shares closed up $0.40 to $58.00 on the Toronto Stock Exchange.