News | November 13, 2018

CWTI Engaged By Major Mining Company To Assess Water Treatment Options

Guelph, Ontario  (GLOBE NEWSWIRE) - Current Water Technologies Inc. (TSX-V:WATR) (“CWTI” or  the “Company”) is pleased to announce that the Company has entered into a consulting contract to participate in the evaluation of water treatment options for the treatment of ammonia at a Canadian gold mining operation owned by a major North American mining company.

Industrial activities such as metal mining and fertilizer production can generate considerable ammonia. Ammonia is regulated due to its toxicity to aquatic life, and the new Metal & Diamond Mining Effluent Regulations, to be fully enacted by June 2021, includes unionized ammonia as a prescribed deleterious substance. CWTI’s field-proven patented AmmEl technology represents a leading solution for treating ammonia in mining and other industrial activities world-wide. The Company welcomes the opportunity to work closely with Canadian mining operations to incorporate its ammonia treatment system.

CWTI anticipates completing the Scope of Work by year-end.

About Current Water Technologies Inc.

Current Water Technologies is a “Technology Company” applying its patented and proprietary “Electrochemical Technologies” to the treatment of waste water, desalination water and drinking water contaminated by metals or nutrients, i.e., nitrate/ammonia associated with the mining, metal processing, chemical, agricultural, municipal and waste management sectors. Pumptronics Incorporated, a division of the Company, is an integrated pump station manufacturer specializing in custom design and automation.

The common shares trade on Tier ll of the TSX Venture Exchange under the symbol “WATR”.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Current Water Technologies Inc. results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks.  These forward-looking statements speak only as of the date hereof.  Certain statements contained in this press release and in certain documents incorporated by reference into this press release constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and "confident" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Current Water believes that the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in, or incorporated by reference into, this press release should not be unduly relied upon. These statements speak only as of the date of this press release. Current Water undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE: Current Water Technologies Inc.