An Ontario mining client of Ottawa environmental firm BluMetric (TSX-V:BLM) recently agreed to extend work to monitor water quality and prevent contamination, more than doubling the value of the original contract.
The change orders include drilling and engineering to aid in the design of a barrier wall, reservoir, pump-house and pipeline as well as a pilot study for a permeable reactive barrier that can treat contaminated water.
Collectively, these changes are worth more than $2 million.
BluMetric’s stock price on the TSX Venture Exchange has remained unchanged since the start of the month at 22 cents per share.
In its most recent earnings report, released in late August, BluMetric said its third-quarter revenues fell 11 per cent compared with a year earlier, a decline the company blamed on lengthy sales cycles and project delays.