Friedland-backed Clean TeQ flags big Sunrise writedown

THE Robert Friedland-backed Clean TeQ Holdings will likely recognise a non-cash writedown of the carrying value of its Sunrise nickel-cobalt-scandium project in New South Wales by around A$180 million, it has warned following a review of its accounts.

Friedland-backed Clean TeQ flags big Sunrise writedown Friedland-backed Clean TeQ flags big Sunrise writedown Friedland-backed Clean TeQ flags big Sunrise writedown Friedland-backed Clean TeQ flags big Sunrise writedown Friedland-backed Clean TeQ flags big Sunrise writedown

EV-linked Sunrise is likely to be worth less and cost more.

Clean TeQ has been progressing a new project execution plan in conjunction with US engineering firm Fluor after it split with former engineering partner Metallurgical Corporation of China.

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