BluMetric deepens reach into mining sector with $1.5M deal

Ottawa clean-tech firm BluMetric (TSX-V: BLM) says it has won another contract in Ontario’s mining sector to monitor water quality and prevent contamination.

The company, which specializes in water and wastewater treatment, said the latest deal is worth $1.5 million and runs until July 2017. It follows a separate announcement in August for two new northern Ontario projects to analyze and restore mining sites valued at nearly $3 million.

“Our business development strategy has been to focus on sensitive and challenging environments like the north; on sectors with strong defined needs, such as mining; and on areas of increasing demand, such as hydrogeology,” said BluMetric CEO Roger Woeller in a statement Wednesday. “This has resulted in significant contract awards in our target sectors, and is powering solid ongoing growth from the services side with significant potential for our systems delivery side.”

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BluMetric did not name the client in the latest deal, which involves drilling wells, excavating test pits, sampling groundwater and surface water, as well as conducting a pilot test for a barrier wall.

Subsequent design work will include a full-scale barrier wall, water storage ponds, pumping stations, pipelines and wells for interception, collection and storage of affected water prior to treatment, the company stated.

BluMetric previously helped resource extraction giant Vale assess and remediate mines slated for closure near Sudbury.

BluMetric’s revenues were flat at $24.24 million through the first nine months of the company’s fiscal year. Profits for the period ending June 30 were down one per cent to $675,139.

The company’s shares were up 1.85 per cent to 27.5 cents on the TSX Venture Exchange early Wednesday afternoon.

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