(TheNewswire)
T oronto ,ON. - TheNewswire - A ugust 19 , 2021 - BacTech EnvironmentalCorporation (OTC:BCCEF ) ( C NSX :BAC. CN )(“BacTech or theCompany”), a commercially proven environmentaltechnology company delivering effective and eco-friendly biomining andremediation solutions, is pleased to announce Andrew Taunton,Vice President of SolGold Ecuador and government relations lead, hasjoined BacTech’s Strategic Advisory Committee.
An active business executive and resident of Ecuador for the past 30years, Mr. Taunton currently oversees the SolGold Ecuadorian group ofcompanies which hold mineral exploration properties throughout thecountry, including the world class recognized Cascabel / Alpala coppergold project. As Strategic Advisor, Mr. Taunton brings an extensivenetwork of business professionals and connections in both commercialactivity and government service to BacTech’s Ponce EnriquezBioleaching Project.
“BacTech brings a fresh and exciting approach to the treatment ofarsenic contaminated waste, and to help assist with contaminationproblems in a country like Ecuador with such bio-diverse environmentsis personally very satisfying,” said Mr. Taunton. “Those in themining industry who recognize that past mismanagement of wastematerials requires proper and professional resolution are constantlyon the look-out for such initiatives. BacTech’s Ponce EnriquezBioleaching Project proposes to tackle an old problem head-on and willhelp to clean up mineral waste deposits while providing valuablebenefits to both the local economy and its environment. This is a verypositive and attractive combination.”
“With the addition of Andy, BacTech has added a well-known andrespected person in the Ecuadorian mining community. I look forward toworking closely with him as we advance the project,” said Ross Orr,President and CEO of BacTech. “We now have an advisory board thatcovers legal with Stevie Gamboa, technology with Nadia Mykytczuk andnow Andy in government relations with an extensive background of doingbusiness in Ecuador. Andy operates at a very senior level in Ecuador,possessing extensive regional knowledge, far-reaching contacts, andbusiness instincts that will help advance BacTech’s interests. I’mtruly excited and appreciative to have him on our team.”
Mr. Taunton’s extensive business experience in Ecuador includesestablishing petroleum service activities as an entrepreneur,representing multiple international aviation parts and servicessuppliers including Pratt and Whitney Canada, holding seniormanagement team roles in physical security and crisis management inthe petroleum and mining industries and leading the initial stages ofplanning for the transition of all stakeholders to Quito’s newairport. Andrew was COO for a TSX listed junior explorer withcentral Ecuador exploration activity and Security Manager for KinrossGold Corporation’s Fruta del Norte project in Ecuador and theirTasiast gold mine in Mauritania. His voluntary service has includedbeing the President of the British Ecuadorian Chamber of Commerce, oneof the Founders of the British School in Quito and a Consular Agentover many years for the British Embassy. He also currently sits as aDirector of the Ecuadorian Chamber of Mining. Andrew was awarded thetitle of Member of the Order of the British Empire (MBE) by QueenElizabeth II for his service and international liaison activityfollowing the 2016 earthquake which hit Ecuador.
In consideration for the services to beprovided by the Strategic Advisor, the Company has granted 200,000stock options of the Company, exercisable for a period of five yearsat a market price of $0.15 per share.
About the Ponce Enriquez Bioleaching Project
BacTech is planning to build its newowner-operated bioleaching facility in Ponce Enriquez, Ecuador, in aregion where arsenic is well-known to exist in the gold ore. TheCompany’s plan is to build a 50 tpd bioleach plant capable oftreating high gold/arsenic material. A 50 tpd plant, processing 1.5ounces of gold per tonne of feed, similar to feeds available to theCompany, would produce approximately 26,000 ounces per year. Plantdesigns are modular and can be expanded without affecting ongoingproduction.
BacTech continues to investigate the prospects of establishingadditional modern mining operations across other areas of Ecuador,Peru, Colombia, and Central America. Where possible, the Company willpartner with national and local governments, non-governmentalorganizations (NGOs), and others to assist with the funding of theseprojects.
About BacTech EnvironmentalCorporation
BacTech is a proven environmentaltechnology company, delivering effective and eco-friendly biominingand remediation solutions to commercial operations to smartly processand recover preferred metals (gold, silver, cobalt, and copper) andsafely remove and transform harmful contaminants like arsenic intobenign EPA-approved products for landfill. Tapping into numerousenvironmental and economic advantages of its proprietary method ofbioleaching, BacTech uses naturally occurring bacteria, harmlessto both humans and the environment, to neutralize toxic mining siteswith high-pay potential. BacTech is publicly traded on the CSE underthe symbol “BAC” and on the OTC as “BCCEF”.
For further information contact:
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/
Follow us on:
Vimeo http://vimeo.com/bactechgreen
YouTube
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” 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.
Shares outstand ing:141,342,204
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.
Copyright (c) 2021 TheNewswire - All rights reserved.