BioteQ Environmental Technologies Inc

BioteQ

BioteQ Environmental Technologies Inc　

Address:	Suite 1700 - 355 Burrard Street Vancouver, B.C. Canada V7R 3N6
Tel No.:	(604) 685-1243
Fax No.:	(604) 685-7778
Toll Free No.:	1-800-537-3073
Web Site:	www.bioteq.ca
Corporate Email:	investor@bioteq.ca
Contact Person:	Flora Wood
Position:	Investor Relations

COMPANY DATA

Traded Market:	TSX Venture Exchange
Traded Symbol:	BQE
Outstanding Shares:	24 million
Public Float:	8 million
52 Week High:	$ 0.60
52 Week Low:	$ 0.35
Present Price:	Click Here

INTRODUCTION

BioteQ Environmental Technologies Inc. is an environmental operating company based in Vancouver, Canada. They own technologies for application in water treatment, metal recovery, and solution control and work mainly in the mining and metals-related industries. Their focus is on design-build-own-operate projects, although they can work on a design-build-transfer basis or they can license their technologies. Their technologies have the potential to provide water treatment at a profit.

BIOTEQ TECHNOLOGIES

(1) The BioSulphide / Thiopaq Process

BioteQ's patented BioSulphide ProcessO is an integrated biological and chemical process and was originally developed as an alternative water treatment process to neutralize acidic water with concurrent selective recovery of metals from the contaminated solutions. The Company has a commercial technology agreement with Paques of the Netherlands, which owns the similar ThiopaqR biogenic H2S production technology. The agreement allows BioteQ and Paques to utilize the synergies and benefits of both BioSulphide and ThiopaqR technologies in commercial operations. The BioSulphide/Thiopaq processes are responsible waste management alternatives utilizing a simple, low risk biological process. The processes offers long-term mitigation alternatives for acid rock drainage as well as more complete metal recovery overall and improved resource utilization.

(2) The GYP-CIX Process

GYP-CIX is a low cost ion-exchange technology for the removal of sulfate, calcium, magnesium and other ions from water. Products of the process are reusable/dischargeable water and solid gypsum product that might also have value, depending on local market potential, it has the potential of being the most cost-effective alternative for sulfate removal.

(3) The BioteQ Partial Oxidation Burner

BioteQ's partial oxidation system (POS) is a unique burner that produces hydrogen and has been developed during the last four years as an integral part of the BioSulphide ProcessO. Its successful development for use with the BioSulphide ProcessO has also shown that there is a business potential in developing the POS burner as a fuel processor in conjunction with stationary fuel cell-based power plants.

PROJECTS IN HAND

(1) Caribou Project, New Brunswick

Caribou is a zinc mine owned by Breakwater Resources Ltd. located near Bathurst, New Brunswick, which is currently not operating due to low metal prices. The mine continues to operate a lime plant to treat underground mine drainage, which has an average flow of 700 cu.m/day. The mine also has a sizeable deposit of old tailings, stored separately by the previous operator, containing significant quantities of pyrite, zinc and copper. Over the years these tailings have become a source of acidity and soluble metals due to oxidation and require remediation.

BioteQ reached an agreement with Breakwater in June 2001 to construct a Stage 1 treatment plant to remove metals from the mine drainage upstream of the existing lime plant. This plant was constructed on schedule and 5% below budget and incorporated a bioreactor - contactor - PLC module constructed in Vancouver together with some new and existing Caribou mill equipment for the metal product dewatering circuit. The capital cost of the plant was CDN$540,000. The plant was started up in November 2001 and by January 2002 had reached a steady state operating capacity required to meet water treatment needs at that time of the year.

Based on the recent operating results detailed engineering for final budget purposes and other due diligence for the expansion of the Caribou plant can be completed over the winter. The expansion plant will include re-processing of tailings at Caribou, left by previous operators, concurrently with acidic mine drainage. All submissions for the operating permit of the expansion plant have been submitted to the Ministry of Environment for New Brunswick.

(2) Bisbee Project, Arizona

In January 2002, BioteQ signed a letter of intent with Phelps Dodge Miami Inc. to form a joint venture with Phelps in connection with the construction and operation of a BioSulphide-Thiopaq plant for selective recovery of copper from acidic ground water prior to treatment of the water in an existing lime plant. The Miami LOI with Phelps has been superseded by an agreement signed to evaluate application of the technology at Phelps' Bisbee property in southern Arizona.

The BioteQ plant at Bisbee would selectively recover copper from circulating water from existing stockpiles. This plant would be similar to the plant already operational at the Caribou Mine in New Brunswick where copper recovery has been over 99% since startup. The initial capacity of a plant at Bisbee would be designed for approximately 3 million pounds per year copper recovered. It is anticipated that the copper recovered at Bisbee will be sent to the Miami smelter, operated by Phelps Dodge, for further refining under commercially competitive terms. Construction of a BioteQ plant would take approximately 6 months following detailed engineering.

(3) Raglan Project, Quebec

BioteQ is evaluating application of the BioSulphide-Thiopaq technology for water treatment at the Raglan mine owned by Societe Miniere Raglan du Quebec Ltee (SMRQ), a subsidiary of Falconbridge Limited. The mine, located at Katinniq on the Ungava Peninsula in northern Quebec, extracts nickel ore which is processed at site and shipped as a nickel sulphide concentrate to Sudbury. Oxidation of residual sulphide minerals in open pits and waste rock piles, as well as contact of mine water with exposed metal bearing minerals in the underground operations, results in the contamination of drainage at the site. The water has a neutral pH but contains elevated acidity levels in the form of dissolved nickel and must be treated before it is discharged to local receiving waters. Currently the water is stored in a collection basin, is treated for approximately 4 months of the year in a low-density sludge lime treatment plant.

Following successful piloting at site during 2002, BioteQ is now working under contract with SMRQ on the first phase of engineering to evaluate the replacement of the existing lime plant with the BioteQ technology.

(4) Project Pipeline

The Company is evaluating over 30 potential commercial projects for water treatment and metal recovery in Canada, USA, Europe, Australia, Asia and South America. These projects are in various stages of development from initial scoping and due diligence to advanced engineering.

MANAGEMENT

BioteQ Environmental Technologies Inc. has a well experienced management team in different areas. The Board of Directors include:

George W. Poling, Ph.D., P.Eng., Chairman of the Board, West Vancouver, B.C.
Kelvin Dushnisky, M.Sc., LLB., Toronto, Ontario.
Tony Kana, B.Sc., C.A., Vancouver, B.C.
Brad Marchant, M.A.Sc. (Eng), North Vancouver, B.C.
Clem Pelletier, B.Sc. (Chem), West Vancouver, B.C.
Ian Telfer, B.A., MBA, C.A., West Vancouver, B.C.
Ken Williamson, MBA, P.Eng., Toronto, Ontario

The senior management team include:
Brad Marchant, M.A.Sc. (Eng), President and CEO.
Rick Lawrence, Ph.D., P.Eng., Executive Vice President
John York, C.A., Chief Financial Officer
David Kratochvil, Ph.D., P.Eng., Manager, Engineering and Development

NEWS UPDATE

On February 18, 2003, BioteQ Environmental Technologies Inc. announced an agreement with Strategic Investor Relations Corporation ("SIR") of Toronto, Ontario for investor relations services. The term of the contract is for one year commencing January 13, 2003 (subject to termination by either party upon 30 days notice).

On January 15, 2003, BioteQ Environmental Technologies Inc. announced further to its press release dated December 12, 2002 that it has completed the second and final closing of a brokered private placement of 940,000 units through Canaccord Capital Corporation which has raised gross proceeds of $470,000.

On December 20, 2002, BioteQ Environmental Technologies Inc. announced further to its press release dated December 12, 2002 that it has completed the first closing of a brokered private placement of 4,060,000 units through Canaccord Capital Corporation which has raised gross proceeds of $2,030,000.