Bactech Environmental Corp C.BAC

Alternate Symbol(s): BCCEF

BacTech Environmental Corporation is a Canada-based company, which specializes in environmental technology. The Company uses a process called bioleaching to recover metals like gold, silver, cobalt, nickel, and copper, while also safely removing harmful contaminants like arsenic. By using its proprietary method of bioleaching, it can neutralize toxic concentrates and tailings. Its technology utilizes bacteria to extract precious and base metals and has been traditionally used to treat difficult-to-treat sulfide ores and concentrates. It plans to apply bioleaching technology to abatement and reclamation projects to remove the harmful elements such as arsenic and sulfur from the environment. It has identified the Ponce Enriquez area of southern Ecuador as an area where its bioleaching technology can be deployed for environmental processing of locally produced concentrates from mining and tailings reclamation. It continues to evaluate other projects in South America and Central America.

CSE:BAC - Post by User

Bactech Environmental Corp

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Comment by rockmoneyon Aug 30, 2019 3:03pm

85 Views

Post# 30084361

RE:RE:RE:RE:RE:RE:RE:funding

This one looks like its done. $10,000 cash in tthe most recent fianncials and way over $3 million in real current liabilities.

Now that sounds like it's bankrupt to me. No way this one can be saved.

The debt intsruments alone are brutal, paying 18% per year in interest and just accruing every month.

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