Mr.
Ross Orr reports
BACTECH ENVIRONMENTAL CORP. ANNOUNCES APPOINTMENT OF BRETT WHALEN TO BOARD OF DIRECTORS
Bactech Environmental Corp. has appointed
Brett Whalen
to its board of directors, succeeding his father,
Don Whalen, who recently passed away.
Brett Whalen has been an active supporter, financer and adviser to Bactech for several years. He recently became the company's largest shareholder following the conversion of
$1.82-million
in debt obligations into common shares and warrants. As part of the conversion, Bactech issued 19.5 million common shares and 19.5 million common share purchase warrants to settle the outstanding debt.
In addition, Brett Whalen holds a 2-per-cent royalty interest over all future Bactech projects.
Including his prior holdings, Brett Whalen now controls 26,640,720 common shares, representing approximately 11.18 per cent of the company's issued and outstanding shares.
"We are very pleased to welcome Brett to the board," said
Ross Orr, president and chief executive officer of Bactech Environmental. "His father, Don, was one of Bactech's most passionate champions, and it's clear that same commitment lives on through Brett. The Whalen family has played an important role in supporting our mission, and we are proud to continue that legacy at the board level."
About Bactech Environmental Corp.
Bactech Environmental uses naturally occurring bacteria to safely treat and stabilize toxic mining materials while recovering valuable metals. The company's patented and proprietary
bio-oxidation technology,
BacOx, offers a cleaner, more sustainable alternative to traditional smelting and roasting, eliminating arsenic emissions and enabling full in-country value creation.
Bactech is advancing its flagship
bioleach processing facility in Tenguel, Ecuador, which is engineered for
100-per-cent arsenic stabilization,
zero liquid discharge
and
up to 35,000 ounces per year of gold production in phase 1, with planned modular expansion to
more than 100,000 ounces per year. The company is also developing its
patent-pending zero-waste/tailings reclamation technology, designed to convert sulphide tailings into saleable iron, critical metals and ammonium sulphate fertilizer for global markets.
We seek Safe Harbor.
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