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.

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Bactech Environmental Corp > Great news!

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Post by mmayeron Jan 19, 2021 10:25am

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Post# 32325669

Great news!

This news is awesome! Think about it, our first plant would be 100% paid for and they only get 50% of the subsidiary.

I don't know who sold into the bid. Whoever it was, I wonder if they misread and thought they would get 50% of Bactech (that would be a bad deal!).

First hurdle, the big one of financing the first plant is potentially behind us. Bring on the first deposit to make it more real than an MoU and see where this SP goes. BAC may not be the dream investment but for the medium term part of your investment portfolio, this is a definite buy for risk takers (like me :) )

BacTech Announces MoU for Funding Ecuador Bioleach Plant | 2021-01-19 | Press Releases | Stockhouse

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