Mr. Ross Orr reports
BACTECH ENVIRONMENTAL CORPORATION IS PLEASED TO ANNOUNCE THAT IT HAS SECURED CONFIRMATIONS TOTALING $531,700 THROUGH A NON-BROKERED UNIT FINANCING
Bactech Environmental Corp. has secured confirmations totalling $531,700 through a non-brokered unit financing. The first closing will be completed on Tuesday, March 4, 2025.
Each unit in the financing is priced at five cents and includes a full warrant, allowing the holder to purchase an additional common share at 10 cents per share for up to two years from the closing date. There is an accelerator clause, whereby the company can accelerate the exercise of the warrants in the event the price of the stock trades in excess of 20 cents for 20 consecutive trading days.
The proceeds will be used for general corporate expenses and to accelerate the search for suitable company-owned tailings and/or concentrates globally. Funds will also be allocated to the Sudbury research and development project to advance the filing of a final patent on the company's Zero Waste initiative.
"We continue to present our Ecuador bioleach project to interested parties," said Ross Orr, president and chief executive officer of Bactech. "With the recent surge in gold prices, the volume of inquiries has increased significantly. We are also seeing a growing number of tailings projects with high arsenic content in need of remediation."
Insiders of the company purchased units in the amount of $59,200, or 1,184,000 units.
About Bactech Environmental Corp.
Bactech Environmental is a company that specializes in environmental technology. The company uses a process called bioleaching to recover metals like gold, silver, cobalt, nickel and copper, while also safely removing harmful contaminants like arsenic. This process is ecofriendly and uses naturally occurring bacteria that are safe for both humans and the environment. By using its proprietary method of bioleaching, the company can neutralize toxic concentrates and tailings while
also creating profitable opportunities.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.