BacTech Environmental announced that its Tier 2 Regulation "A" offering memorandum originally filed on April 2, 2020 with the United States Securities Exchange Commission has been Qualified as of July 14, 2020. BacTech filed an offering to raise up to US$1M to finance the bioleach test work, prefeasibility and feasibility studies and detailed engineering for its Ecuadorian environmental project. It is anticipated that the [...]
BacTech Environmental today announced it has completed the collection of gold concentrate samples produced by six different gold processing facilities in Ponce Enriquez and Portovelo, Ecuador. Ross Orr, President and CEO of BacTech states "This represents an important step to move the Ponce Enriquez bioleach gold project forward in Ecuador. We are very pleased that we were able to attract concentrate from various [...]
BacTech Environmental has been investigating the use of bioleaching as a means of processing high arsenic concentrates and stabilizing arsenic contained in local tailings. This past weekend, there was a tailings breach in Ponce Enriquez, Ecuador. Approximately 50 tonnes of tailings material were released into the local Tenguel River after a containment wall of a local gold processing facility collapsed. Given the nature [...]
BacTech Environmental today announced new developments with respect to its project in Ponce Enriquez, Ecuador. With the lifting of Covid-19 mining ban in Ecuador, BacTech will collect 6, 10 kg concentrate samples from 6 different processing plants in Ponce. The samples will be airfreighted to Perth, Australia where they will be subjected to a bioleach test program under the guidance of Dr. Paul Miller. The test work will [...]
BacTech Environmental today announced an update for its' previously announced filing of a US$1M Regulation "A" exemption financing in the US. The Company has recently filed its 2019 Annual Financial Statements in Canada, and is in the process of filing a US compliant version with the SEC. "The completion of our annual audit was needed to accompany the Reg "A" application. We will add these numbers into the offering [...]
BacTech Environmental announced that, as a result of the COVID-19 pandemic, it will be relying on the coordinated relief provided by the securities regulators which consists of a 45-day extension for certain periodic filings, as announced by the Canadian Securities Administrators on March 18, 2020, with respect to the filing of its first quarter interim financial statements, management's discussion and analysis, and [...]
BacTech Environmental announced that, as a result of the COVID-19 pandemic, it will be relying on the coordinated relief provided by the securities regulators which consists of a 45-day extension for certain periodic filings, as announced by the Canadian Securities Administrators on March 18, 2020, with respect to the filing of its annual financial statements, management's discussion and analysis, and related officer [...]
BacTech Environmental Corp. is pleased to announce it has filed a Form 1-A Regulation A Offering with the Securities Exchange Commission in the United States to raise up to US$1 million dollars for the Company's bioleach mineralized material processing plant project planned for the Ponce Enriquez region of Ecuador. BacTech has received a Letter of Interest from Continuation Capital, a U.S. institutional investor, to [...]
BacTech Environmental today announced the closing of the 2nd tranche of a $75,000 non-brokered private placement of units announced on February 18, 2020. The use of proceeds will be to advance the proposed environmental bioleach circuit project to be located in Ponce Enriquez, Ecuador. The $0.015 units consist of one common share and 1 common share purchase warrant that permits the holder to buy an additional share at [...]
BacTech Environmental today announced its plans for the current year with respect to the Company's Ecuador project. BacTech has identified the Ponce Enriquez area of southern Ecuador as an area where the Company's bioleaching technology can be successfully deployed for environmental processing of locally produced concentrates. Given the high levels of arsenic contained in the ore from the area, miners receive [...]
BacTech Environmental today announced a non-brokered private placement of units. The use of proceeds will be to advance the proposed environmental bioleach circuit to be located in Ponce Enriquez, Ecuador. The $0.015 units consist of one common share and 1 common share purchase warrant that permits the holder to buy an additional share at $0.05 for a period of 24 months from the closing of the financing. The Company [...]
BacTech Environmental today announced that it will not proceed with the reclamation of the Telamayu tailings project in Bolivia. After completing metallurgical test work on the project and evaluating the economics of the project it was decided that the project would be too difficult to finance. It was estimated that the project would cost up to $US 9M. The inability to recover tin into a suitable concentrate severely [...]
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