(TheNewswire)
GovernmentResponse Expected Within 15 Business Days
Toronto, ON - TheNewswire - August 2 , 2023 – BacTech Environmental Corporation (CSE: BAC ) ( OTC: BCCEF ) ( FSE: 0BT1 )(“ BacTech ” or the “ Company ”), a commercially provenenvironmental technology company today announced that it has been informed that the Constitutional Court of Ecuadoradmitted for processing an unconstitutionality claim filed by CONAIE,an indigenous group, with respect to the Presidential Decree 754 (the“Decree”) signed on May 31 st , 2023. TheDecree deals with the environmental consultation for all public andprivate industries in the Country.
The Decree will be provisionally suspended until thereis a final decision of the Constitutional Court on the merits of theclaim. In other words, this decision is provisional and not final. Fornow, the Presidency and other public bodies have 15 days to presenttheir defense arguments on the merits of the action. BacTech hasrecently completed the information stage of the environmentalconsultation process in Tenguel, where the project received verypositive feedback on the prospects of BacTech building a bioleachfacility in this area. More details will be announced as theymaterialize.
“I would like to highlight that BacTech is not amining company actively engaged in mining. Our business model callsfor the purchase of high arsenic/gold concentrates from miners inPonce Enriquez. Through bioleaching we will liberate gold and silverfor recovery while producing a stable form of arsenic as a by-product.It is our intention to significantly raise thelevel of compensation to our workers compared to what they earn today.We will also mitigate the amount of arsenic that goes to thetailings,” commented Ross Orr, President and CEO.
Upon completion, the facility is expected to be thelargest and most efficient bioleaching plant in South America usingnaturally occurring bacteria, harmless to both humans and theenvironment, to treat gold and base metal concentrates along withtoxic tailings created through local mining operations. BacTech wasgranted its Environmental Impact Study Permit in September 2022,further illustrating the government’s commitment to the launch ofthis important project.
About BacTech EnvironmentalCorporation
BacTech Environmental Corporation is a company thatspecializes in environmental technology. We use a process calledbioleaching to recover metals like gold, silver, cobalt, nickel, andcopper, while also safely removing harmful contaminants like arsenic.This process is eco-friendly and uses naturally occurring bacteriathat are safe for both humans and the environment. By using ourproprietary method of bioleaching, we are able to neutralize toxicconcentrates and tailings while also creating profitableopportunities. The company is publicly traded on several stockexchanges, including the CSE, OTCQB, and Frankfurt StockExchange.
For further information contact:
Ross Orr
President & CEO
BacTech Environmental Corporation
416-813-0303 ext. 222,
borr@bactechgreen.com
Website: www.bactechgreen.com
Investor Presentation: www.bactechgreen.com/investors
Vimeo https://vimeo.com/bactechgreen
Disclaimer: Stated goals of raising US$20 million tofinance planned construction of the project in no way guaranteesprocess approval.
Special Note RegardingForward-Looking Statements
This news release contains “forward-lookinginformation”, which may include, but is not limited to, statementswith respect to future tailings sites, sampling or otherinvestigations of tailing sites, the Company’s ability to make useof infrastructure around tailings sites or operating performance ofthe Company and its projects. Often, but not always, forward-lookingstatements can be identified using words such as “plans”,“expects”, “is expected”, “budget”, “scheduled”,“estimates”, “forecasts”, “intends”, “anticipates”, orbelieves” or variations (including negative variations) of suchwords and phrases, or state that certain actions, events or results“may”, “could”, “would”, “might” or “will” betaken, occur or be achieved. Forward-looking statements involve knownand unknown risks, uncertainties and other factors which may cause theactual results, performance, or achievements of the Company to bematerially different from any future results, performance orachievements expressed or implied by the forward-looking statements.Forward-looking statements contained herein are made as of the date ofthis news release and the Company disclaims, other than as required bylaw, any obligation to update any forward-looking statements whetherbecause of new information, results, future events, circumstances, orif management’s estimates or opinions should change, or otherwise.There can be no assurance that forward-looking statements will proveto be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly, thereader is cautioned not to place undue reliance on forward-lookingstatements.
The Canadian Securities Exchange (CSE) has not reviewedand does not accept responsibility for the adequacy or the accuracy ofthe contents of this release.
This press release does not constitute an offer to sellor a solicitation of an offer to buy any of the shares, nor is it asolicitation of interest from a prospective investor.
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