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BluMetric Environmental Inc. reports news about its WaterTech engineering, environmental consulting, and water treatment businesses. The company designs, fabricates, and delivers water and environmental solutions for commercial and industrial, government, military, and mining customers in North America and the Caribbean.
Recurring updates include financial results, contract awards for wastewater treatment and shipboard reverse-osmosis desalination systems, recurring water testing services, acquisitions that expand operating capabilities, and governance matters such as director elections and stock option plan amendments.
BluMetric (OTCQX:BLMWF, TSXV:BLM) will release its Q2 2026 financial results for the quarter ended March 31, 2026 after market close on May 27, 2026. The company will host an investor conference call on May 28, 2026 at 9:00 AM ET to discuss the results.
BluMetric (OTCQX: BLMWF) signed a $2.9 million contract extension to an existing Master Service Agreement to continue refurbishment, on-call field service, support and maintenance for the Department of National Defence Reverse Osmosis Water Purification Units (ROWPU).
The extension adds Technical Investigation Engineering Studies, will be delivered by WaterTech Canada in Carp, Ontario, and is expected to complete by year-end 2026. The three-year agreement originally had an initial value of $5.8 million.
BluMetric Environmental (OTCQX: BLMWF) announced board elections and an amendment to its stock option plan on April 9, 2026. Scott MacFabe was re-named Chair while remaining CEO. Shareholders elected four directors and approved Ernst & Young as auditors.
The amended stock option plan raises options from 5,500,000 to 7,500,000, ~13.75% of outstanding shares, and is subject to TSX-V approval. Committee chairs and a lead independent director were also appointed.
BluMetric (OTCQX: BLMWF, TSXV: BLM) closed the acquisition of Whitteker Environmental Services (WES) on April 1, 2026 for a $1,250,000 purchase price.
Consideration included $800,000 cash, 248,576 common shares at $1.01 deemed price, and a cash earnout up to $200,000. WES reported ~$950,000 revenue and ~$350,000 adjusted EBITDA for the 12 months ending Dec 31, 2025.
BluMetric (OTCQX: BLMWF) secured a $7.5 million contract to supply multiple Shipboard Reverse Osmosis Desalination (SROD) plants to a leading Canadian shipbuilder. The systems will be built by WaterTech Canada in Carp, Ontario, with production expected to begin in late 2026.
The company cited over 20 years of experience delivering Canadian-made shipboard water solutions designed for reliability, low operator workload and reduced energy use.
BluMetric (OTCQX: BLMWF) secured a US$1.5 million (CA$2.0 million) contract to supply a 150,000 GPD Membrane Bioreactor wastewater treatment plant for a private Florida housing development, with an option to expand to 300,000 GPD.
The system will be built by WaterTech USA in Gainesville, delivered and commissioned within the next twelve months, remotely monitored from BluMetric's operations center, and supported with spare parts. The company is also exploring doubling its Gainesville manufacturing footprint from 25,000 to 50,000 sq ft to meet rising U.S. demand.
BluMetric (OTCQX: BLMWF) reported Q1 FY2026 revenue of $20.3 million, up 45% year‑over‑year, driven by the December 10, 2025 acquisition of DS Consultants and higher Military and Mining activity. Gross margin fell to 28% and adjusted EBITDA was $0.9 million; net loss was $67,000.
The company completed a brokered financing for $15.0 million, ended the quarter with $1.8 million net cash and working capital of $10.7 million. Board approved an expanded stock option plan to 7.5 million shares, subject to shareholder and TSXV approval.
BluMetric (OTCQX: BLMWF) will release financial results for the first fiscal quarter ended December 31, 2025 after market close on February 25, 2026.
The company will host an investor conference call on February 26, 2026 at 9:00 AM ET with registration required for an automated callback or direct dial options; a replay will be posted on the investor relations website.
BluMetric Environmental (OTCQX: BLMWF) reported fiscal 2025 audited results for year ended Sept 30, 2025: revenue $62.6M (vs $34.8M), gross margin 29% (vs 40%), adjusted EBITDA $2.4M, and a net loss of $2.3M. Working capital was $6.9M and net cash $2.1M. Subsequent events: closed acquisition of DS Consultants and a brokered offering raising $15.0M.
Management cites revenue diversification, manufacturing expansion, and integration of DS Consultants as key execution priorities for fiscal 2026.
BluMetric (OTCQX: BLMWF) announced two Caribbean contracts totaling CA$5.0 million (US$3.5 million): a CA$3.4 million Seawater Reverse Osmosis (SWRO) and Membrane Bioreactor (MBR) system for a private island in the Exumas, Bahamas, and a CA$1.6 million, 1-year operations & maintenance (O&M) agreement for its St. Kitts and Nevis SWRO plant.
The SWRO will produce up to 320,000 GPD of potable water and the MBR will treat 120,000 GPD of wastewater. The O&M contract is expected to be renewed annually as client needs permit, marking BluMetric's first recurring Caribbean O&M engagement.