Welcome to our dedicated page for Blumetric Environmental news (Ticker: BLMWF), a resource for investors and traders seeking the latest updates and insights on Blumetric Environmental stock.
BluMetric Environmental Inc. (BLMWF) is an engineering WaterTech and full-service environmental consulting firm whose news flow reflects activity across water technology, environmental engineering, mining, government, and military markets. As a publicly traded company listed on the TSX Venture Exchange and OTCQX, BluMetric regularly issues updates on contracts, corporate developments, financing activities, and strategic initiatives.
News items for BluMetric often highlight new WaterTech contracts and deployments. Recent examples include agreements to supply seawater reverse osmosis and membrane bioreactor systems for island communities, modular potable water treatment plants for gold mining operations, and operations and maintenance contracts for desalination facilities in the Caribbean. These announcements illustrate how the company’s water technology systems are used to provide potable water and treat wastewater in demanding environments.
The company’s Professional Services division also generates news through environmental engineering and consulting mandates, such as geotechnical and environmental investigations and design enhancements for mining rehabilitation projects in Ontario. In addition, BluMetric reports on collaborations and memoranda of understanding in the defence sector, where it combines water technologies and environmental expertise with partners focused on Canada’s national defence priorities.
Investors and observers can also find corporate and capital markets updates in BluMetric’s news, including equity offerings, base shelf prospectus filings, acquisitions such as DS Consultants Ltd., board appointments and changes, and participation in investor conferences. Together, these releases provide insight into BluMetric’s contract pipeline, segment mix between WaterTech and Professional Services, and its efforts to expand capabilities and geographic reach.
For those tracking BLMWF, the news stream offers a way to follow contract wins, defence and mining sector activity, acquisition integration, and financing decisions that shape the company’s water technology and environmental engineering business.
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF), an engineering watertech and environmental consulting firm, has announced its participation in the Planet MicroCap Showcase: VEGAS 2025. The event will take place on Wednesday, April 23, 2025, with Chair and CEO Scott MacFabe presenting at 2:00 PM PT (5:00 PM ET).
The presentation will be accessible via webcast, and the company will also conduct in-person 1x1 investor meetings at the Paris Hotel & Casino in Las Vegas. Interested parties can register for the event through the conference website to participate in both the presentation and individual meetings.
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) has announced key leadership changes and stock option plan amendments. Scott MacFabe, who has served as CEO since March 2018, has been appointed as Chair of the Board of Directors while maintaining his CEO position. He succeeds Ian Mor Macdonald, who will continue as Chair of the Audit Committee.
At the annual and special meeting on March 19, 2025, shareholders approved an amended stock option plan that increases the available options from 4,500,000 to 5,500,000, representing approximately 14.9% of the company's issued and outstanding share capital. The amended plan is pending TSX-V approval.
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) has secured a CA$3.3 million (US$2.3 million) contract to provide water treatment systems for a Bahamian resort. The project includes:
- A Sea Water Reverse Osmosis (SWRO) system producing 240,000 gallons per day of potable water
- A Membrane Bioreactor (MBR) system treating 65,000 gallons per day of wastewater
The contract will be executed by BluMetric's recent acquisition, Gemini Water, with delivery and commissioning scheduled for 2025. This development aligns with the Caribbean region's growing water infrastructure needs, supported by the Caribbean Hotel and Tourism Association's reported pipeline of 50 new hotel projects adding 19,591 rooms, with 29,987 total rooms planned between 2024-2028.
BluMetric Environmental (OTCQX: BLMWF) reported strong Q1 2025 financial results with revenue reaching $14.0 million, up from $8.5 million in Q1 2023. The company's Adjusted EBITDA increased to $1.3 million from $0.7 million year-over-year, while net earnings doubled to $0.4 million.
The quarter saw gross margin decrease to 33% from 42% due to increased component revenues from the St. Kitts and Nevis project through Gemini Water. The company secured $4.0 million through an oversubscribed offering and maintains a strong financial position with net cash of $3.7 million.
Notable developments include expansion of WaterTech operations with a new 25,000 sq ft manufacturing facility in Gainesville, Florida, doubling the workforce. The company achieved Partnership Accreditation in Indigenous Relations (PAIR) Committed status and was selected for an environmental cleanup project by First Nations government.
BluMetric Environmental (TSXV: BLM, OTCQX: BLMWF) has secured a CA$1.2 million contract to supply a Membrane Bioreactor wastewater treatment system in the Bahamas, following a previous CA$3.6 million Sea Water Reverse Osmosis system project. The new system will treat 60,000 gallons of wastewater daily for a private island development.
The company has also signed a lease for a new 25,000 square foot manufacturing facility in Gainesville, Florida, significantly expanding from its current 10,000 square foot space. This expansion accommodates the workforce growth following the Gemini Water acquisition and enables handling larger contracts. The existing facility will remain operational until June 2025 to ensure a smooth transition.
BluMetric Environmental (TSXV: BLM, OTCQX: BLMWF) has announced key appointments to strengthen its leadership team. Mohsen Mortada, currently Chief of Staff at the Metropolitan Water District of Southern California, will join the Board of Directors effective February 1, 2025, subject to TSX Venture Exchange approval.
The company has also made two strategic hires for its WaterTech business: Matthew Politzi as Director of Client Experience, bringing over 30 years of water treatment expertise and experience with 285+ water projects globally, and Kevin Wrubluski as Director of Operations, with 25+ years in sales and proven success in growing product lines to multimillion-dollar sales.
These appointments aim to enhance BluMetric's water and environmental solutions capabilities, with plans to establish an Operations and Maintenance division to promote customer success and introduce recurring revenue streams for Gemini Water.
BluMetric Environmental (TSXV: BLM) (OTCQX: BLMWF) reported its fiscal year 2024 results, highlighting the recent acquisition of Gemini Water on September 24, 2024. Annual revenue slightly decreased to $34.8 million from $35.1 million in FY2023, while Q4 revenue increased to $11.1 million from $10.3 million. Gross margin improved to 40% for FY2024 compared to 35% in FY2023.
The company maintained Adjusted EBITDA at $2.0 million for FY2024, while net earnings decreased to $0.1 million from $0.5 million in FY2023. Working capital decreased to $5.5 million from $11.1 million, primarily due to the Gemini Water acquisition. The Military market showed significant growth of 75%, driven by water purification systems refurbishment and the Rheinmetall contract.
For FY2025, BluMetric plans to expand its U.S. manufacturing footprint in Gainesville, Florida, and execute on a record order book, including the Rheinmetall contract and the 2,000,000 GPD St. Kitts and Nevis project.
BluMetric Environmental has secured a CA$1.1 million contract to supply a Sea Water Reverse Osmosis (SWRO) system for a Tier 1 Cruise Line in the Bahamas. The system will provide 80,000 gallons per day of potable water, replacing an existing SWRO system. The project will be executed by BluMetric's recent acquisition, Gemini Water, with delivery and commissioning expected in 2025. Due to market demand, BluMetric is exploring expansion options for its Florida operations, aiming to double its manufacturing footprint. The company is currently working on multiple projects, including an active 2,000,000 GPD project in St. Kitts and Nevis.