BacTech Engages Moneta Advisory Partners
BacTech Environmental Engages Moneta Advisory Partners; Wall Street Veterans Marc
LoPresti and Jon Najarian to Help Drive Investor Awareness Program
TORONTO, ON, June 15, 2023 – BacTech Environmental Corporation (CSE: BAC, OTC:
BCCEF, FSE: 0BT1) (“BacTech” or the “Company”), a commercially proven environmental
technology company delivering eco -friendly bioleaching and remediation solutions for precious
metal and critical mineral recovery, today announced that Moneta Advisory Partners, LLC
(“Moneta”), co -founded by Marc LoPresti and Jon Najarian , has been engaged. Through its
"Venture Evangelism" platform, Moneta will collaborate with BacTech to launch a multi-channel
content production and investor awareness program, helping to expand industry relationships and
market visibility for BacTech and its developing projects.
“We had the good fortune to recently meet with Ross at an industry conference where we learned
more about BacTech’s proprietary bioleaching technology,” said Marc LoPresti, Co- Founder of
Moneta Advisory Partners. “We were impressed with the Company’s vision, investment potential
and unfolding plans for the bioleaching and gold recovery facility in Ecuador. This is a great fit
for Moneta’s global network.”
Marc LoPresti is a Wall Street veteran with over 25 years of experience in alternative investments,
having started his career on the floor of the NYSE working for Lehman Brothers. He is currently
co-founder and managing director of IDI Group, co- founder and managing director of Moneta
Advisory Partners, co-founder and board member of BattleFin Group, mana ging director of The
Strategic Funds, and co -founder of The Zombie Collective, LLC. He is regularly on CNBC,
CoindeskTV, TD Ameritrade Network, Sirius XM Radio, Bloomberg, and Fox. Mr. LoPresti has
been quoted in numerous publications including Forbes, Reuters, the Wall Street Journal,
Investor's Business Daily, and Barron's.
Jon Najarian began his career as a member of the CBOE, NYSE, CME and CBOT and worked as
a floor trader for some 25 years. Jon now invests in and works with start-ups via Rebellion Partners,
a venture consulting firm he co- founded. He also co-founded Market Rebellion, a company
focused on educating the individual investor. Jon is also co-founder of Moneta Advisory Partners,
LLC, and an investor and senior advisor to IDI Group. Formerly, Jon was a 16-year contributor to
a variety of CNBC programs including Worldwide Exchange, The Halftime Report, Fast Money,
and Power Lunch. Today, Jon appears on Fox Business and Market Rebellion’s exclusive,
regularly scheduled shows on Market Rebellion TV.
As consideration for the provision of the services, and in accordance with the terms and provisions
of the Agreement, the Company proposes to (i) issue 500,000 Common Share Purchase Options
(“Options ”) at a deemed issue price of $.10 per share to Moneta, a private company pursuant to a
Shares for Services Agreement dated June 12, 2023, and (ii) an additional 500,000 Options
exercisable at $0.2 0 per share for a period of two (2) years from the date of grant . The Options
will vest in stages over a twelve (12) month period with 100,000 Options vesting every month for
10 months following the grant date.
About the Tenguel – Ponce Enriquez Bioleaching Project
BacTech is planning to build a new owner-operated bioleaching facility in Tenguel, Ecuador, in a
region where arsenic is associated with sulphide gold ore (Arsenopyrite). The Company’s plan is
to build a 50 tpd bioleach plant capable of treating high gold/arsenic material. A 50 tpd plant,
processing feed of 1.75 ounces of gold per tonne, similar to feeds available to the Company from
local miners, would produce approximately 31,000 ounces per year. Plant designs are modular and
can be expanded without affecting ongoing production. The total concentrate market in the Ponce
Enriquez area is estimated to be between 200 and 250 tonnes per day, allowing for increased
throughput potential with a larger plant. BacTech has signed an agreement with the government to
build a Phase 2 plant that would see the addition of 150-200 tpd of capacity capable of producing
in excess of 100,000 ounces per annum.
Key economic highlights, assuming a base gold price @ $1,600 per ounce:
• Pre-tax NPV (Net Present Value with 5% discount rate) of $60.7M
• Pre-tax IRR (Internal Rate of Return) of 57.9%
• Annual Gold Production of 30, 900 ounces
• Capital Cost of $17.0M
• Bioleach Operating Cost of $212 per tonne
• Pre-tax Earnings Prior to Employee Bonus – $10.9M annually
• Estimated local employee bonus pool – $1.64M
In total, there are over 100 small mines operating in the area. BacTech continues to investigate the
prospects of establishing additional modern bioleaching facilities across other areas of Ecuador,
Peru, and Colombia. Where possible, the Company will partner wi th national and local
governments, non-governmental organizations (NGOs) and others to assist with the funding of
these projects and ensure that they meet the Company’s high expectations not only for
environmental standards, but also for the highest standards in all ESG considerations.
About BacTech Environmental Corporation
BacTech Environmental Corporation is a company that specializes in environmental technology.
We use a process called bioleaching to recover metals like gold, silver, cobalt, nickel, and copper,
while also safely removing harmful contaminants like arsenic. This process is eco- friendly and
uses naturally occurring bacteria that are safe for both humans and the environment. By using our
proprietary method of bioleaching, we are able to neutralize toxic concentrates and tailings while
also creating profitable opportunities. The company is publicly traded on several stock exchanges,
including the CSE, OTCQB, and Frankfurt Stock Exchange.
For further information contact:
Ross Orr
President & CEO, BacTech Environmental Corporation
416-813-0303 ext. 222,
Email: [email protected]
Website: https://bactechgreen.com/
Investor Presentation: https://bactechgreen.com/investors/
Follow us on:
Facebook http://www.facebook.com/BacTechGreen
Twitter http://twitter.com/BacTechGreen
LinkedIn http://www.linkedin.com/company/1613873
Vimeo http://vimeo.com/bactechgreen
YouTube https://www.youtube.com/channel/UCBgXr3ej2_BMOtoeFoKIgEg
Disclaimer: Stated goals of raising US$20 million to finance planned construction of the project
in no way guarantees process approval.
Special Note Regarding Forward-Looking Statements
This news release contains “forward -looking information”, which may include, but is not limited to, statements with
respect to future tailings sites, sampling or other investigations of tailing sites, the Company’s ability to make use of
infrastructure around tailings sites or operating per formance of the Company and its projects. Often, but not always,
forward-looking statements can be identified using words such as “plans”, “expects”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or believes” or variations (including negative
variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”
or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance, or achievements of the Company to be materially
different from any future results, performance or achievements expressed or implied by the forward- looking
statements. Forward-looking statements contained herein are made as of the date of this news release and the Company
disclaims, other than as required by law, any obligation to update any forward-looking statements whether because of
new information, results, future events, cir cumstances, or if management’s estimates or opinions should change, or
otherwise. There can be no assurance that forward -looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in suc h statements. Accordingly, the reader is cautioned
not to place undue reliance on forward-looking statements.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the
accuracy of the contents of this release.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the shares, nor is it a
solicitation of interest from a prospective investor.