BluMetric wins $2.2M in new contracts

Ottawa clean-tech firm BluMetric (TSX-V: BLM) says it’s scored a series of environmental engineering jobs in northern Ontario, Nunavut, the Northwest Territories and the Yukon worth more than $2.2 million.

The company specializes in water and wastewater treatment and has been deepening its reach into the mining sector with a series of contract wins this year.

Among the latest series of deals awarded to BluMetric is a $1.03-million project to design, supply and install a mine-water treatment system for Harte Gold’s Sugar Zone Project near Hemlo, roughly halfway between Sault Ste. Marie and Thunder Bay.

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“Ammonia from runoff and mine dewatering is a significant obstacle for mine developers and operators,” said Dan Scroggins, BluMetric’s vice-president of research and innovation, in a statement.

“The Harte Gold project fits precisely into our strategy of developing situationally tailored mine-water treatment systems for use in challenging environments that are often compounded by complex water chemistry.”

The company’s share price jumped nearly 23 per cent in late afternoon trading on Monday to reach 29.5 cents per share on the TSX Venture Exchange.

In its most recently released financial results, BluMetric said its 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.

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