BacTech Environmental Corp. is pleased to announce that further to its acquisition and closing of the 100-acre land package for its proposed processing plant in Tenguel, Ecuador, the Company has introduced a unique shared land management program that will see on-site cocoa farming continue with proceeds from all cocoa sales being retained by the former employees of the purchased land. Strategically situated to meet the [...]
BacTech Environmental Corp. is pleased to provide an environmental permitting progress report on its Tenguel, Ecuador bioleaching plant project. David Tingey, BacTech's COO based in Guayaquil, reports that the technical observations made in the Company's ESIA have been reviewed by the technical regulator and subsequent observations updated by BacTech. The Company's documentation has been uploaded to the Ministry of the [...]
BacTech Environmental Corp. is pleased to announce that it has signed letters of intent with several government-licensed gold mining cooperatives for initial orders to deliver up to 58 tonnes per day of arsenopyrite gold concentrates at a cutoff grade of 50 grams per tonne. The Company will negotiate final commercial terms and execute definitive supply agreements prior to commissioning of the Tenguel bioleaching plant [...]
BacTech Environmental Corp. is pleased to provide an update with respect to the Company's proposed pyrrhotite bioleaching initiative for nickel, cobalt, sulphur, and iron waste recovery. Dr. Nadia Mykytczuk, a leader in biomining technology, member of BacTech's advisory board and Interim CEO and President of MIRARCO Mining Innovation, is leading the development and building of a bioleach pilot plant to be located in [...]
BacTech Environmental Corp. is pleased to announce the completion of a 2nd tranche of its private placement, further to the Company's April 21 news release. In the second tranche, the Company issued 4,500,000 Units at a price of $0.20 per Unit for aggregate gross proceeds of $900,000. Additionally, a $1M convertible debenture was also closed with an existing strategic investor at $0.15 per share. Prior to this, gross [...]
BacTech Environmental Corp. is pleased to announce a historic Investment Protection Agreement for its Tenguel gold recovery/arsenic stabilization project has been signed with the Government of Ecuador. Click Image To View Full Size This groundbreaking agreement was signed and executed by Julio José Prado, Ecuador's Minister of Production, Foreign Trade, Investment & Fisheries on April 28, 2022, in Quito. Countersigning [...]
BacTech Environmental Corp. reports receiving binding subscription agreements for a Second tranche, adding $900,000 to its non-brokered Private Placement being offered at a price of $0.20 per Unit. Gross proceeds of $1.21M, also at a price of $0.20 per Unit, were closed by the Company in its earlier initial tranche. In addition, the Company is pleased to announce that it has arranged for a $1M convertible debenture with [...]
BacTech Environmental Corp. announces it has filed a patent application for a novel bioleaching process relevant to the treatment of pyrrhotite tailings for iron and nickel-cobalt recovery as global leaders and sustainability experts search for solutions to decarbonize steel production and shore up EV battery metal supply chains. Pyrrhotite is an iron sulphide mineral containing low levels of nickel, cobalt, and copper [...]
BacTech Environmental Corp. is pleased to announce that its 100% owned Ecuadorian subsidiary, BacTechverde S.A.S., has been officially granted its construction permit with respect to its Tenguel - Ponce Enriquez bioleaching plant and project in Ecuador. On March 22nd the Company received official notification documenting that the Ministerio de Energia y Recursos Naturales No Renovables has issued a permit to BacTech for [...]
BacTech Environmental Corp. is pleased to provide a corporate update and progress report on its Tenguel - Ponce Enriquez bioleaching plant and project. Key highlights include: Closing date for the 100-acre plant property located in Tenguel set for April 9, 2022; Environmental and construction permitting expected to be approved by August 2022 with construction to commence shortly thereafter; COO David Tingey now based in [...]
BacTech Environmental Corp. is pleased to report the closing of the first tranche of its previously announced non-brokered private placement offering. The Company has closed on the first tranche funds for gross proceeds of $1.21M at a price of $0.20 per Unit. The Company continues to work with investors and financial institutions to process all orders and close the Offering. Ross Orr, CEO of [...]
BacTech Environmental Corp. is pleased to announce a non-brokered private placement offering of units for maximum gross proceeds of $3,000,000. The Company has expressions of interest for the total amount of the financing. The issue price of the Units will be $0.20 per unit. Units are comprised of one common share in the capital of the Company, one transferable common share purchase warrant . Each whole Warrant shall [...]
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