(TheNewswire)
Invitation to Cleantech CommercialTrade Mission Represents Golden Opportunity to Showcase SustainableMining Solutions and Discuss Trends Within the Mexican EnvironmentalSector
TORONTO, ON – TheNewswire - June 29 , 2023 – BacTech EnvironmentalCorporation (CSE:BAC ) , ( OTC: BCCEF ) , ( FSE:0BT1) (“BacTech” or the “Company”), acommercially proven environmental technology company deliveringeco-friendly bioleaching and remediation solutions for precious metaland critical mineral recovery, today announced it is joining theCanadian Delegation at Green Expo 2023, held September 4-8, 2023 inMexico City. This initiative is organized in collaboration with theOntario Trade and Investment Office in Mexico and Global AffairsCanada to support Canadian companies that wish to explore businessopportunities in Mexico and Latin America.
Green Expo is a premier event for sustainable solutionsand technologies that brings relevant cleantech industry playerstogether with key decision-makers from the entire industrial valuechain in Mexico and Latin America. Green Expo also provides a platformthat facilitates partnerships, the creation of alliances, and sharingof best practices between local and international businesses.
“Green Expo represents an excellent opportunity topresent BacTech’s proprietary and eco-friendly bioleaching solutionto recover metals like gold, silver, cobalt, nickel, and copper, whilealso safely removing harmful contaminants like arsenic,” said RossOrr, CEO of BacTech Environmental Corp. “Attending the Mission is anincredible opportunity for BacTech to advance international awarenessand explore new partnerships in key markets across Mexico and LatinAmerica. We are grateful for the Ontario Government’s strong supportand are proud to join an elite delegation of companies committed toimproving environmental and social practices through sustainableinnovation.”
The 2023 edition of Green Expo will cover:Environmental Solutions; Recycling and Waste Management; SustainableConstruction; Circular Economy Solutions; Eco-Innovation; Bio-Mass andBio-Gas Solutions; Cogeneration; Renewable and Clean Energy; and WaterSolutions.
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.
About the Tenguel – Ponce EnriquezBioleaching Project
BacTech is planning to build a new owner-operatedbioleaching facility in Tenguel, Ecuador, in a region where arsenic isassociated with sulphide gold ore (Arsenopyrite). The Company’s planis to build a 50 tpd bioleach plant capable of treating highgold/arsenic material. A 50 tpd plant, processing feed of 1.75 ouncesof gold per tonne, similar to feeds available to the Company fromlocal miners, would produce approximately 31,000 ounces per year.Plant designs are modular and can be expandedwithout affecting ongoing production. The total concentrate market inthe Ponce Enriquez area is estimated to be between 200 and 250 tonnesper day, allowing for increased throughput potential with a largerplant. BacTech has signed an agreement with the government to build aPhase 2 plant that would see the addition of 150-200 tpd of capacitycapable 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) of57.9%
• Annual Gold Production of 30, 900ounces
• Capital Cost of $17.0M
• Bioleach Operating Cost of $212 pertonne
• 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 inthe area. BacTech continues to investigate the prospects ofestablishing additional modern bioleaching facilities across otherareas of Ecuador, Peru, and Colombia. Where possible, the Company willpartner with national and local governments, non-governmentalorganizations (NGOs) and others to assist with the funding of theseprojects and ensure that they meet the Company’s high expectationsnot only for environmental standards, but also for the higheststandards in all ESG considerations.
For further informationcontact:
Ross Orr
President & CEO, BacTech EnvironmentalCorporation
416-813-0303 ext. 222,
Email: borr@bactechgreen.com
Website: https://bactechgreen.com/
Investor Presentation: https://bactechgreen.com/investors/
Vimeo http://vimeo.com/bactechgreen
Special Note Regarding Forward-LookingStatements
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” be taken, occur or be achieved. Forward-lookingstatements involve known and unknown risks, uncertainties and otherfactors which may cause the actual results, performance, orachievements of the Company to be materially different from any futureresults, performance or achievements expressed or implied by theforward-looking statements. Forward-looking statements containedherein are made as of the date of this news release and the Companydisclaims, other than as required by law, any obligation to update anyforward-looking statements whether because of new information,results, future events, circumstances, or if management’s estimatesor opinions should change, or otherwise. There can be no assurancethat forward-looking statements will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, the reader is cautionednot to place undue reliance on forward-looking statements.
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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