Toronto, Canada - TheNewswire - July 26, 2019 - BacTech Environmental Corp. today announced that it has closed the first tranche of a $125,000 private placement. The private placement is a unit financing consisting of one common share of the company and one-half of a common share purchase warrant. One full warrant enables the holder to purchase one additional common share of the company at $0.05 for a period of 2 years [...]
BacTech Environmental Corp. today announced that it has taken initial steps to establish a bioleach project in Ecuador that will treat high arsenic concentrates produced in the country. A visit that coincided with the annual Expominas Convention in Quito in late April provided an opportunity for management of BacTech to identify and secure arsenopyrite concentrate samples for bioleach work to be conducted at Laurentian [...]
BacTech Environmental Corp. today announced that it has received a letter of support from the Minister of Environment for Ecuador. The letter, which is attached as an English translation, arose as a result of a visit to the Ministry in January of this year. The original Spanish letter will be posted on the Company's website. At the meeting, BacTech revealed its plans to target areas of high arsenic mineralization [...]
BacTech Environmental Corp. announced that it has signed a letter of intent with GMR Inc. to license for BacTech's proprietary bioleach technology.. BacTech joins Dundee Sustainable Technologies , as a technology partner with GMR to develop a potential solution for the remediation of the Gold Residual Stockpile in Snow Lake, Manitoba Through this agreement, BacTech received a $20,000 cash payment as an advance on the [...]
BacTech Environmental Corp. , today announced that it has raised CDN$150,000 via the issuance a Senior Bridge Loan. The bridge loan is for one year and will pay 12% interest on redemption. In addition, the Company will issue a total of 750,000 common share purchase warrants with a two-year term and allow the holder to buy additional shares at $0.05 per share. The use of proceeds will be used to pay for completion of the [...]
BacTech Environmental Corp. , today announced that holders of $195,000 of the 12% Debentures maturing on April 19th have elected to extend the term of the debenture for an additional 12 months. In consideration of the extension of the maturity date to April 19, 2020, the Company will issue a common share purchase warrant allowing the investor to purchase a common share of the corporation at $0.05 for a period of 3 years [...]
wp] , announced they have signed a partnership agreement with Ankara, Turkey-based, Labris Mining LTD . The agreement is dated February 18, 2019. Labris was founded in 1995 in Ankara. They represent and distribute products for leading companies from many countries around the world. Labris has been rapidly increasing the diversity of machinery and equipment used nowadays in the Turkish mining industry. Labris strives to [...]
BacTech Environmental Corp. today announced that it has closed a non-brokered private plavement for proceeds of CDN$220,000. The proceeds will be used to advance the Telamyu Tailings project in Atocha, Bolivia and for general working capital. The Company sold a $0.025 unit consisting of one common share of the Company plus a full common share purchase warrant execisable for 2 years from closing at $0.05 per share [...]
BacTech Environmental Corp. is pleased to provide the results of metallurgical test work on mineralized material from the Telamayu tailings completed by Met-Solve Laboratories of Vancouver, Canada. The test work was conducted to improve and confirm the recoveries of silver, copper and tin that were obtained from test work completed earlier this year at the University of Oruro in Bolivia. A recap of the program to date is [...]
BacTech Environmental Corp. today announced that it has signed a Memorandum of Understanding with an Ecuadorian-based company for a potential project in Ponce Enriquez , Ecuador. Green Oil, an environmental consulting, engineering and project management company has agreed to work with BacTech to develop an understanding and a "go forward" plan for a bioleach facility to be based near Ponce Enriquez. The purpose of the [...]
p> BacTech Environmental Corp. , today announced that a significant shareholder, 1988097 Ontario Inc., has exercised 1 million common share purchase warrants at $0.05 providing $50,000 in capital to BacTech. The shareholder still retains 13,285,714 common share purchase warrants that expire on June 19, 2020. After conversion of the 1 million warrants 1988097 Ontario Inc will control 15,285,714 common shares of the Company [...]
p> BacTech Environmental Corp. an environmental reclamation company focused on mine tailings and mineral processing, announced today the launch of its newly revamped website at www.bactechgreen.com. This newly redesigned website offers quick and easy access to essential information and features that offer a more comprehensive understanding of the Company's projects and commitment to enhancing sustainability in mining. The [...]