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 [...]
BacTech Environmental Corp. is pleased to announce and publicly release updated executive summary results of its 3rd party produced Bankable Feasibility Study for the staged development of its 100% owner-operated bioleaching facility in Ponce Enriquez, Ecuador. BFS economics have been updated to reflect improved optimization works allowing an increased throughput and improved average gold head grade.
BacTech Environmental is pleased to announce and publicly release updated executive summary results of its 3rd party produced Bankable Feasibility Study for the staged development of its 100% owner-operated bioleaching facility in Ponce Enriquez. BFS economics have been updated to reflect improved optimization works allowing an increased throughput and improved average gold head grade. The latest estimates are reflected [...]
BacTech Environmental announced its bioleaching project interests in Peru will advance, focusing on gold and copper concentrates and potential metal recovery efforts. Having developed relationships with a number of artisanal miners and processors throughout the Trujillo area, BacTech has made arrangements to collect seven 15kg concentrate samples during the next two-to-three months from selected producers and processors [...]
BacTech Environmental Corp. announced its intention to investigate the use of bioleaching as a tool in liberating Rare Earth Elements. Interest in the potential use of bioleaching for the metallurgical extraction of REEs has risen in recent months, with media reports that the US is actively seeking steps to end dependency on imports of key metals and minerals from China. REEs are classified as strategic elements by the US [...]
BacTech Environmental Corp. today announced Mr. David Tingey has been hired as Chief Operating Officer. David will join BacTech's executive team, working closely with CEO Ross Orr, to oversee operations development and management across the Company, setting and driving strategic recommendations that support immediate shareholder interests in its Ponce Enriquez, Ecuador bioleaching project and its evolving South American [...]
BacTech Environmental Corp. is pleased to announce and release the executive summary results of its 3rd party produced Bankable Feasibility Study for the staged development of its 100% owner-operated bioleaching facility in Ponce Enriquez, Ecuador . The results point toward a very robust and economically compelling project with strong performance metrics. South American mining and metallurgical engineering and development [...]
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