BacTech Environmental Begins Trading on the OTCQB Market in the U.S.
BacTech Environmental Begins Trading on the OTCQB Market in
the U.S.
TORONTO, ON, September 26th, 2022 – BacTech Environmental Corporation (CSE: BAC,
OTCQB: 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, is pleased announce that the Company has been
approved to commence trading of its common shares on the OTCQB Venture Market in the United
States, beginning today under the ticker symbol “BCCEF”.
"The Company is making significant headway with our commerc i al -scale bioleaching
developments a nd recognizes the importance of increasing our visibility and accessibility t o U.S.
capital markets and the growing base of sustainable investors,” said Ross Orr, President and CEO
of BacTech Environmental. “ We are a cleantech solution for mining practic es that have not
modernized or decarbonized. As we continue to press forward with commercialization plans, we’re
pleased to secure our OTCQB listing to help facilitate easier trading access.”
The OTCQB is the premiere marketplace for developing U.S. and international companies that are
committed to providing a high-quality trading and information experience for their U.S. investors.
The OTCQB quality standards provide a strong baseline of transparency as well as the technology
and regulation to improve the information and trading experience for investors.
BacTech Enviromental has an account in good standing with the Depository Trust & Clearing
Corporation (DTCC) to further enable the easier electronic clearing and settlement of the
Company's common shares in the United States"
BacTech trades on the OTCQB under “BCCEF”, the CSE under its symbol "BAC" and the FSE
under the symbol “0BT1”.
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 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.
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 $17M
• Bioleach Operating Cost of $212 per tonne
• Assumed Purchase Prices of Concentrate – 65% of the contained gold value
• Pre-tax Earnings Prior to Employee Bonus – $10.9M annually
• Estimated local employee bonus pool – $1.64M
In total, there are over 90 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 with national and local
governments, non-governmental organizations (NGOs) and others to assist with the funding of
these p rojects 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 is a proven environmental technology company, delivering effective and eco -friendly
bioleaching and remediation solutions to commercial operations to process and recover preferred
metals (gold, silver, cobalt, nickel and copper) smartly and safely remove and transform harmful
contaminants like arsenic into benign EPA-approved products for landfill. Tapping into numerous
environmental and economic advantages of its proprietary method of bioleaching, BacTech uses
naturally occurring bacteria, harmless to both humans and the environment, to neutrali ze toxic
mining sites with high -pay potential. BacTech is publicly traded on the CSE under the symbol
“BAC”; on the OTCQB as “BCCEF”; and the Frankfurt Stock Exchange as “0BT1”.
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
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LinkedIn http://www.linkedin.com/company/1613873
Vimeo http://vimeo.com/bactechgreen
YouTube https://www.youtube.com/channel/UCBgXr3ej2_BMOtoeFoKIgEg
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 performance of the Company and its projects. Ofte n, 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, circumstances, or if management’s estimates or op inions 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 such statements. Accordingly, the reader is cauti oned
not to place undue reliance on forward-looking statements.
Shares outstanding: 172,025,558
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.