Empowering Clean Growth Through Innovation

Explore financial reports, MD&A, strategic insights, and performance highlights that reflect our commitment to long-term value creation, environmental responsibility, and technological leadership.

Investor Relations

Clean Water, Full Project Life Cycle

Investing in Impact

Access key information for current and prospective investors, including financial reports, corporate governance, and updates on how BQE Water is creating long-term value through sustainable water treatment solutions.

We are stewards of water in mining and metallurgical processing sector, passionate about applying industry leading knowledge, innovation, and holistic approaches to protecting the environment and implementing solutions collaboratively in partnerships with project stakeholders.

BQE Water acts not only as a technology provider but as a trusted operator—with a model that aligns incentives by being compensated for volume of clean water meeting discharge standards. This reduces client risk and improves environmental performance.

BQE is committed to Indigenous engagement, often forming joint ventures with Indigenous groups (e.g., in Nunavik and the Yukon) to support environmental protection while providing training, employment, and leadership opportunities.

The company differentiates itself through unique and proven proprietary technologies, including:

  • Selen-IX (selenium removal)
  • BioSulphide®/ChemSulphide® (metal recovery/removal)
  • Sulf-IX (sulfate removal)
  • SART (cyanide recovery and detox)

This IP-driven approach supports both technical leadership and long-term revenue generation via recurring operations contracts.

 

ANNUAL TOTALS

Water solutions we have implemented at project sites for our clients have achieved the following:

20 million m3

Wastewater treated for environmental discharge annually.

4,000 tonnes

Of metals of value recovered from waste annually.

1,000 tonnes

Of sodium cyanide recovered and recycled annually.

FINANCIAL REPORTS

FINANCIAL Statements

MD & A

2025

Q1

Q2

Q3

Q4

2024

2023

2022

2021

FINANCIAL REPORTS

2025

FINANCIAL Statements

MD & A

Q1

Q2

Q3

Q4

2024

FINANCIAL Statements

MD & A

2023

FINANCIAL Statements

MD & A

2022

FINANCIAL Statements

MD & A

2021

FINANCIAL Statements

MD & A

PRESS RELEASES

BQE Water Signs 20-year Contract with BC Government for Operation & Maintenance of Britannia Mine Water Treatment Plant Vancouver, BC – BQE Water Inc. (TSX-V: BQE), a leader in the...

BQE Water Announces Renewal of Normal Course Issuer Bid Vancouver, BC – BQE Water Inc. (TSX-V: BQE)(the “Company”), a leader in the treatment and management of mine impacted waters, has...

  VANCOUVER, BC – BQE Water Inc. (TSX-V: BQE), a leader in the treatment and management of mine impacted waters, is pleased to release its interim consolidated financial results for...

Vancouver, BC – BQE Water Inc. (TSX-V: BQE), a leader in the treatment and management of mine impacted waters is pleased to provide an update on the Eagle Gold Mine...

VANCOUVER, BC – BQE Water Inc. (TSX-V: BQE), a leader in the treatment and management of mine impacted waters, is pleased to report that a new full scale Selen-IX™ plant...

VANCOUVER, BC – BQE Water Inc. (TSX-V: BQE), a leader in the treatment and management of mine impacted waters, has advanced the SART plant it designed for Shandong Gold, the...

  VANCOUVER, BC – BQE Water Inc. (TSX-V: BQE), a leader in the treatment and management of mine impacted waters, is pleased to release its interim consolidated financial results for...

Vancouver, BC – BQE Water Inc. (TSX-V: BQE), a leader in the treatment and management of mine impacted waters, is pleased to announce that it is making a strategic investment...

INVESTOR PRESENTATION

BQE Water Investor Presentation

Board of Directors

Meet the dedicated leadership team guiding BQE Water’s vision and strategy. Our Board of Directors comprises experienced professionals from diverse backgrounds in mining, engineering, environmental management, and corporate finance. Together, they provide strategic oversight and drive our mission to deliver innovative and sustainable water treatment solutions globally.

David Kratochvil

President & CEO

David rejoined the company in March 2014. He previously...

David Kratochvil

President & CEO

David rejoined the company in March 2014. He previously held the positions President & CTO and President & COO. Since first joining the company in 2001, David has been instrumental in the commercial development of BQE Water’s process technologies and has overseen plant design, engineering and operations. David received his PhD from the Faculty of Chemical Engineering, BioEngineering from McGill University in Montreal and has 20+ years experience in wastewater treatment and chemical processing.

Sara Elford

Chartered Financial Analyst

Sara is a Chartered Financial Analyst Charterholder with extensive...

Sara Elford

Chartered Financial Analyst

Sara is a Chartered Financial Analyst Charterholder with extensive capital markets experience, having worked over twenty years as a sell-side equity research analyst with Canaccord Genuity and an investment banking analyst with Wood Gundy and Kidder Peabody. During her career, Sara followed a broad range of industries, with a specific focus on emerging companies and technologies where she was recognized numerous times for being a top stock picker by StarMine. For the last five years, Sara has been applying her skills and experience as a strategic advisor and corporate director.  

Christopher Fleming

VP

Chris received his PhD in Chemistry from the University...

Christopher Fleming

VP

Chris received his PhD in Chemistry from the University of Cape Town and has spent much of his 40 year career in research and research management. He has authored or co-authored 70 technical publications, been awarded 14 patents and contributed to several books on various aspects of extractive metallurgy. Chris joined Lakefield Research in 1990, becoming GM in 1992 and VP and COO when the company privatized in 1995 after a buyout from former owner Falconbridge. After SGS acquired Lakefield Research, Chris became the VP, Global Metallurgy, responsible for the company’s world-wide metallurgical business. Chris has retired from SGS management but continues in the role of Senior Metallurgist.

Richard Hubbard

Board Member

Mr Hubbard has more than forty years of relevant...

Richard Hubbard

Board Member

Mr Hubbard has more than forty years of relevant management, corporate finance and investment banking experience. From early success in reorganizing a major French fashion brand in the 1980s on to successfully negotiating the sale of the same in the early 90s, in his career he has arranged successful leveraged buy outs, management buy outs, seed stage, and private equity investments. While managing a sizable portfolio of family investments, he has invested or served as a board member in many diverse industries around the world, including mining, international wine distribution, consumer electronics, and healthcare.

Peter Gleeson

Executive Chairman

Peter brings over 30 years of experience in executive...

Peter Gleeson

Executive Chairman

Peter brings over 30 years of experience in executive management, investment fund analysis and board advisory roles in the technology and mining sectors. With specialization in corporate finance and contract negotiation, Peter has been involved in the start-up and growth of several junior mining firms including PGM Ventures which became Iberian Minerals Corporation. Throughout his career, Peter has helped small to medium sized companies achieve their growth objectives while delivering value to shareholders.

ATRIUM REPORTS

Atrium is a Canadian company focused on providing institutional quality research for underfollowed North American public equities. One of Atrium’s main areas of expertise is in the mining resource sector, which enables Atrium to analyze the Company’s business in the broader context of environmental, social and governance mandates in the industry.

“The initiation of research coverage by Atrium is an important milestone for the Company and a signal that our investor relations strategy is a priority”

Peter Gleeson, Executive Chairman of BQE Water.

Investment Summary

  • BQE’s recurring revenue is growing as a percentage of total revenue, making its business more predictable and stable.
  • The Company has major tailwinds from increasing environmental regulations on water discharge as well as increasing mining capex.
  • BQE’s EBITDA margins have been steadily improving over the past five years due to its asset-light model, reaching 20% in 2023.
  • BQE trades at 8x 2025E EBITDA, a discount to its peers.
BQE Water: Research Note

November 29, 2024

BQE Water: Research Note

November 29, 2024

BQE Water: Research Note

November 29, 2024

BQE Water: Research Note

November 29, 2024

BQE Water: Research Note

November 29, 2024

VIDEO CONTENT

Discover BQE Water in action through our video library. From insights into our innovative water treatment technologies to behind-the-scenes looks at project successes, these videos highlight our expertise, values, and impact.

BQE Water & Chris Fleming | Past, Present, and Future of Mining, Gold Extraction, and Cyanide Recovery.

Interview with Chris Fleming about the past, present, and future of mining, gold extraction, and cyanide recovery The world’s leading metallurgist and inventor, Chris Fleming, is asked by BQE Water CEO David Kratochvil to share his knowledge and wisdom and reflect on his illustrious career at the forefront of advances in hydrometallurgy of gold and cyanide recovery and recycle. While everyone will be able to benefit from Chris’ insights and perspectives, the interview is especially well suited for younger generations of professionals pursuing their careers in the resource sector.

Fireside Q&A with BQE Water Inc. (TSX-V: BQE) and Mathieu Martin, Rivemont MicroCap Fund

Fireside Q&A with BQE Water Inc. (TSX-V: BQE) and Mathieu Martin, Rivemont MicroCap Fund Full webcast at the at the Planet MicroCap Showcase: VEGAS | April 30 – May 2, 2024 For more information about BQE Water Inc., please visit: https://www.bqewater.com The interview may contain forward looking statements about BQE Water Inc. See BQE Water Inc.’s periodic filings with SEDAR for more complete information.

BQE Water (BQE:TSXV) – Management Interview: CEO David Kratochvil

Atrium team has published a management interview with David Kratochvil, CEO of BQE Water (BQE:TSXV). BQE Water is a service provider specializing in water treatment and management for mining, smelting, and refining businesses. BQE Water invests in innovation and has developed unique intellectual property through the commercialization of several new technologies at mine sites. BQE Water is headquartered in Vancouver, Canada. To view our research reports, please visit  https://www.atriumresearch.ca/

FINANCIAL REPORTS

2025

2025 - 1st Quarter Report

2025 - 2nd Quarter Report

2025 - 3rd Quarter Report

2024

2024 - 1st Quarter Report

2024 - 2nd Quarter Report

2024 - 3rd Quarter Report

2024 - 2024 Annual Report

MANAGEMENT'S DISCUSSION AND ANALYSIS

2025

2025 - MDA Q1

2025 - MDA Q2

2024

2024 - Q1 MDA

2024 - Q2 MDA

2024 - Q3 MDA

2024 - Year End 2024