Forward Water Technologies Corp. Due Diligence Report

Price: $0.06
Market Cap: $6.4 million
Common Shares: 106,103,098
Insider/Institutional Holdings: 70,905,970 or 67% (See recent information circular for more details)
Website: https://www.forwardwater.com/

July 2022 Company Presentation: https://www.forwardwater.com/_files/ugd/d7589c_16c5aa7dcefd4afe8a02a28ebb1cf982.pdf

As of June 30, 2022
Cash: $2.4 million
Total Assets: $3.9 million
Total Liabilities: $853K

Numerous Partnerships - See Sedar news releases for more information

About Forward Water Technologies Corp - Forward Water is a publicly-traded Canadian company dedicated to saving the earth's water supply using its patented Forward Water Osmosis technology. The Company was founded by Green Centre Canada a leading technology innovation centre, supported by the government of Canada. The Company's technology allows for the reduction of challenging waste streams simultaneously returning fresh water for re-use or surface release. The Company's mandate is to focus on the large-scale implementation of its technology in multiple sectors, including industrial wastewater, oil and gas, mining, agriculture and ultimately municipal water supply and re-use market sectors.

August 29th video: https://www.youtube.com/watch?v=iM6AFSZz3qI&t=3s

September 6th article: https://themarketherald.ca/forward-water-technologies-at-the-forefront-of-the-green-movement-2022-09-06/

Recent MD&A Highlights

Major Highlights for the three months ended June 30, 2022

• On April 25, 2022, FWTC signed a development testing contract with Cornish Lithium Ltd (UK) to evaluate the ability of FWTC’s process to concentrate lithium containing feed streams at the engineering evaluation scale in Sarnia ON

• On May 26, 2022, the Company announced that it has been selected by the panel of The Centre for Ganga River Basin Management and Studies (cGanga) to participate in the Environment Technology Verification (ETV) program. The ETV program is used to accelerate the introduction, piloting and adoption of innovative new water and wastewater technologies into the India market

• May 30 – June 3, 2022, Howie Honeyman, CEO and Grant Thornley, VP of Engineering Sales, presented at the IFAT Conference in Munich, the world’s largest platform for water, sewage, waste and raw materials management

• June 11-22, 2022, Howie Honeyman visited the Goldfinch forward water pilot site in Boisar, India to review the process and provide technical assistance

• June 13-15, 2022, Grant Thornley presented at PDAC in Toronto, an international mining and exploration conference

Major Highlights Subsequent to June 30, 2022

• Significant progress has been made on the building of the mobile demonstration unit which is now 65% complete with an anticipated completion date of early fall, 2022. Supply chain issues, particularly in regards to electronics and controls have made it difficult to confirm a completion date at this time

August 29th 2022 News Release: Forward signs early development deal for Li isolation

https://www.stockwatch.com/News/Item/Z-C!FWTC-3298563/C/FWTC

September 6th 2022 News Release: Forward Water begins early development testing project

https://www.stockwatch.com/News/Item/Z-C!FWTC-3302255/C/FWTC