Watermark, the AIM-quoted company that focuses on the treatment of acid mine drainage in South Africa, has released a statement regarding its investigations into alternative applications of its proprietary water treatment technology.
"The board is undertaking diligence on the anthracite project and is also investigating a number of means of funding these projects, including via a joint venture or partnership, which might allow Watermark's shareholders to benefit from participation in the projects without the need for Watermark to raise additional equity funding," the firm said.
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The company added that the board remains confident in the commercial value of its water treatment technology and its efficacy in a range of applications.
The share price rose 1.64% to 0.31p by 09:26.
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