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.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
NR
-
Two thirds of easy access savings accounts come with restrictions – can you access your savings in an emergency?Out of the top 30 easy access savings on the market, 22 come with some sort of restriction on how fast you can access your money, according to new research.
-
Most popular London boroughs: Full list of in-demand places to move toA deluge of people move to or within Britain’s capital each year – but which area is the most popular? We look at the most in-demand London boroughs in 2025.
