BacTech Environmental Corp. is pleased to announce a Non-Brokered private placement for gross proceeds of $1 million. Under the Offering, the Company will issue 12,500,000 units of the Company at a price of C$0.08 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant . Each Warrant shall entitle the holder to purchase one Common Share at a price of $0.12 up to 24 months from [...]
BacTech Environmental Corp. is pleased is pleased to report the closing of the first tranche of its $500,000 private placement , issuing 851,515 units of the Company at a price of $0.066 per Unit for aggregate gross proceeds of $56,200. Each Unit consists of one common share and one transferrable common share purchase warrant. Each whole warrant shall entitle the holder thereof to acquire one additional common share in [...]
BacTech Environmental Corp. is pleased to announce that the President of Ecuador has signed the eagerly anticipated pre-legislative consultation decree on Nov 28, 2022. This Decree will guide the formal comment for BacTech's final community "environmental consultation" phase in order to secure its Environmental License. For BacTech, this Decree builds on the ESIA Technical approval granted by the Government of Ecuador in [...]
BacTech Environmental Corp. is pleased to provide an updated progress report on its Tenguel - Ponce Enriquez bioleaching plant and project. Detailed Engineering COO David Tingey, based in Guayaquil, continues working closely with EPCM to finalize the Detailed Engineering report. Completion estimated for December 2022. Detailed Engineering Processing Plant Updates: Company and EPCM actively engaged in pre-development [...]
BacTech Environmental Corp. is pleased to announce that, further to its August 15, 2022 update, the Company has received official ESIA approval from the Ministry of Environment, Water, and Ecological Transition. This key approval marks a significant milestone with the process taking approximately seven months. BacTech will now pursue the final community consultation phase, pending further government direction, in order to [...]
BacTech Environmental Corp. is pleased announce that the Company has been approved to commence trading of its common shares on the OTCQB Venture Market in the United States, beginning today under the ticker symbol "BCCEF". "The Company is making significant headway with our commercial-scale bioleaching developments and recognizes the importance of increasing our visibility and accessibility to U.S. capital markets and the [...]
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 [...]
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