BacTech Convertible Debt Restructuring
FOR IMMEDIATE RELEASE
BacTech Strengthens Balance Sheet Through
Convertible Debenture Restructuring,
Reducing Outstanding Debt
Toronto, Canada – November 4, 2025 –
BacTech Environmental Corporation (“BacTech” or the “Company”) (CSE: BAC,
OTCQB: BCCEF, FSE: 0BT1) today announced that it has taken another significant step toward
strengthening its balance sheet through the restructuring of an existing convertible debenture.
This initiative supports the Company’s broader objective of positioning itself for the capital raise
required to launch its Ecuador bioleach facility and advance its Zero-Tailings initiatives.
In March 2025, BacTech reached an agreement to potentially eliminate approximately US$1.8
million in convertible debt through a two-tiered conversion structure. Following productive
discussions between BacTech and the debenture holder, both parties have agreed to a simplified
arrangement that achieves the same objectives while reducing dilution and forgiving a substantial
portion of the debt.
Revised Terms of the Agreement
• The debenture holder will convert US$950,000 of principal into 19,000,000 common
shares of BacTech.
• The debenture holder will receive 19,000,000 three-year common share purchase
warrants, exercisable at US$0.15 per share.
• The remaining US$850,000 of debt will be forgiven in exchange for a 1% royalty on the
Company’s projects.
“This restructuring reflects the continued confidence of a long-standing investor in BacTech’s
technology and near-term growth prospects,” said Ross Orr, President & CEO of BacTech
Environmental Corporation. “By eliminating debt and simplifying our capital structure, we are
reinforcing the Company’s financial foundation and advancing the Ecuador bioleach facility as
efficiently as possible.”
BacTech believes this transaction highlights ongoing stakeholder support for
its environmentally responsible bioleaching technology and its mission to deliver profitable,
sustainable solutions for processing high-arsenic and complex mineral concentrates.
About BacTech Environmental Corporation
BacTech Environmental Corporation is a publicly traded, environmental technology company
focused on commercializing proprietary bio-oxidation (“bioleaching”) processes for the safe,
sustainable treatment of toxic, arsenic-bearing concentrates and mine tailings. The Company’s
flagship Tenguel–Ponce Enriquez bioleach plant in Ecuador is designed to process high-arsenic
gold concentrates while generating strong economic returns and measurable social and
environmental benefits. BacTech is also advancing its Zero-Tailings initiative in Sudbury,
Canada, aimed at recovering critical minerals and creating valuable by-products from pyrrhotite
tailings.
CSE: BAC | OTCQB: BCCEF | FSE: 0BT1
Visit us at www.bactechgreen.com
For further information, please contact:
Ross Orr
President & CEO
BacTech Environmental Corporation
Email: [email protected]
Phone: +1 (416) 813-0303 ext. 141
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Forward-Looking Statements
This press release contains statements concerning future events and expectations. Actual results
may differ materially due to various factors, including market conditions, regulatory
developments, and economic trends. The company undertakes no obligation to revise forward-
looking statements except as required by law.