BacTech Environmental Corp. , , today announced that it has created an Advisory Committee for its proposed gold bioleach project near Ponce Enriquez, Ecuador. BacTech is an environmental metal company focusing on processing high arsenic/gold concentrates using bioleaching. Mr. Stevie Gamboa has agreed to become the first member of the committee. Mr. Gamboa is a lawyer with 20 years of working in the Strategic Sectors in [...]
BacTech Environmental Corp. today provided the following update on its Ponce Enriquez, Ecuador project. As previously reported, a total of 6, 10-kilogram concentrate samples were collected from 6 different processing plants around Ponce Enriquez. There are over 90 different processors in the area producing anywhere from 1 to over 20 tonnes per day of concentrate that contain high gold and arsenic values. The output is [...]
September 17, 2020 BacTech Environmental Corp. today announced the closing of the first tranche of its recently approved Regulation A financing in the United States. A new investor has purchased 3,333,333 shares at US$0.015 for gross proceeds of US$50,000. There were no finder's fees paid on the transaction. In Colombia, the Company continues to monitor the Covid-19 situation with respect to the reopening of the country [...]
BacTech Environmental Corp. , today announced significant balance sheet improvements with respect to outstanding debt obligations. "Management of the Company, who have been accruing salaries for over 3 years, have agreed to a voluntary forgive the indebtedness from accruing compensation owing to them as of June 30th, 2020 . In its place BacTech will issue 2.5M stock options exercisable at $0.05 for 10 years to certain [...]
BacTech Environmental Corp. today announced that it has agreed to investigate a gold mine tailings site near Medellin, Colombia with MetalTec, LLC . MetalTec, based in Naples, Florida, operates an alluvial mine in Colombia as well as brokering gold produced by small miners. Ross Orr, President and CEO of BacTech, states: "We were recently contacted by MetalTec to investigate a tailings site near their alluvial mine in [...]
August 5, 2020 BacTech Environmental Corp. today announced the signing of a Memorandum of Understanding with Green Bank Network, LLC to explore financing opportunities using Green Bonds. "Although we are fairly early in the development of the Ecuador project, we understand the process to finance the plant construction and initial operating costs. With this in mind we want to assure shareholders that we are committed to [...]
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 [...]
+3300,00 %
-86,67 %
