on Forward Water Technologies Corp. (isin : CA34988A1021)
Forward Water Technologies Announces Commercial Update
Forward Water Technologies Corp. (TSXV:FWTC) has released a commercial update following inquiries received since its March 20, 2024, press release. The company is exploring opportunities in direct lithium extraction, estimating that each commercial-scale plant utilizing its process technology could generate approximately US$25 million in revenue over 36 months. However, exact amounts and timelines will differ.
Additionally, Forward Water continues to pursue industrial wastewater opportunities with its marketing partners. Preliminary engineering suggests potential revenue of US$2-6 million per project if they proceed. The company emphasizes that this information should not be viewed as a forecast and that these projects may not reach commercial contract stages.
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