(TheNewswire)
Toronto, Canada, July 12, 2024. - TheNewswire
BacTech Environmental Corporation (“BacTech or theCompany”), (CSE:BAC, OTCQB:BCCEF) today announced that it hasreached an agreement to vest a 10% stake in a“zero-waste” patent for treating pyrrhotite and pyrite tailingsusing bioleaching to an investor group for Cdn$100,000.
As part of the ongoing MIRARCO piloting study, this will enable thetechnology to be further developed to full patent status along withpreliminary process modeling work required for a conceptual design ofa demonstration plant. As part of the larger MIRARCO study, BacTechhas committed $100,000, which is sufficient to meet its obligations.
A BacTech "zero-waste" preliminary patent, which is to befinalized by April of next year, aims to generate a portfolio ofsaleable products from re-treatment of tailings near Sudbury, Canada.This technology produces products from materials that otherwise wouldhave no value and report as waste to create an environmentalliability. With this new approach, incentives are added to encourageinvestment in re-treatment and rehabilitation projects, in part bydiversifying revenue streams and risk to treat wastes containingsubeconomic metal values while also remediating the environment.
BacTech's Vice President of Metallurgy and Bioleaching,Dr. Paul Miller, stated “With the advent of complementary technologyand a dramatic increase in the prices of the underlying elements thatconstitute pyrrhotite, we have a strong foundation for deliveringeconomic benefits from bioleaching sulphide tailings.”
For many years low grade nickel pyrrhotite was minedalongside pentlandite in the Sudbury mining camp only to see itseparated and deposited as waste in lakes to eliminate the rapidoxidation of this very volatile sulphide mineral creating toxicenvironmental issues. The zero-waste technologycan also be applied to the treatment of other iron sulphide minerals,such as pyrite, which often contain low value metals but are difficultto process economically.
The patent details the process of using bioleaching first to make theelements of pyrrhotite soluble followed by a unique combination ofdownstream processing steps that interface effectively with the ironindustry by producing intermediate iron for steel or batteryproduction, as well as producing ammonium sulphate fertilizer forsale. Nickel and cobalt contained within the mixed precipitates willbe precipitated out as saleable commodities. This will provide anadditional revenue stream while smaller amounts of separated magnetitewill also be sold. The remaining silicate residue will either be usedas backfill material or can be mixed with geopolymers to formconstruction materials.
BacTech has filed preliminary patent applications earlier this year,with the final application to follow the completion of the testwork. In the 1990s, BacTech conducted a pilot plant at Radio Hill,Australia, to separate metals from solution from pyrrhotite tailings but the existingtechnology was not economical viable at the time.
BacTech will provide updates on the progress of thetest work as results become available.
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 can 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 informationcontact:
Ross Orr
President & CEO, BacTechEnvironmental Corporation
416-813-0303 ext. 222,
Email: borr@bactechgreen.com
Website: https://bactechgreen.com/
Investor Presentation: https://bactechgreen.com/investors/
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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 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.
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