BacTech Environmental Receives Letter of Support from Ecuador
May 28, 2019 / TheNewswire / Toronto, Canada - BacTech Environmental Corporation ("BacTech or the Company") (CSE:BAC, US-OTC:BCCEF) today announced that it has received a letter of support from the Minister of Environment for Ecuador. The letter, which is attached as an English translation, arose as a result of a visit to the Ministry in January of this year. The original Spanish letter will be posted on the Company's website. At the meeting, BacTech revealed its plans to target areas of high arsenic mineralization associated with gold mining in Ecuador. BacTech's proprietary bioleach technology produces a benign ferric arsenate from the active arsenic in the concentrates and tailings.
At present, high arsenic concentrates produced in Ecuador are sold to the Asian market under severe financial penalty. BacTech is investigating the construction of an in-country bioleach circuit to offer better prices than currently being paid to the miners as well as engaging the local population through a cleaner environment and employment opportunities.
"We are pleased to have the support of the Ecuadorian Ministry of Environment. In fact, we have had very positive support from other Ministries that we have engaged over the past year as well. The government can see the benefits of mining, but they are determined to only allow it under very strict environmental standards. We feel that the social impact on mining in certain areas of Ecuador will be enhanced through the use of bioleaching as a processor of concentrates. Again, we would like to thank Minister Mata for his support," said Ross Orr, President and CEO of BacTech.
Quito, May 07, 2019
In relation to the project of the environmental remediation based on your technology of recovery of mining waste materials using organic bacteria presented to the Ministry of Environment in the past days, I reiterate the intention of this portfolio of State to support all initiatives, public or private, that complies with our policy of improvement in the environment, as well as environmental friendly technology.
As is public knowledge, the country carries out a policy of openness and support to all investment, national or foreign, that contributes to the development of the country, framed in compliance with the regulations in force. The project presented by you is of great interest because of the benefits of the project, which would seem to help achieve the goals of sustainable and environmentally friendly development in an area of great national interest.
Therefore, we express our interest in your project, being sure that it will be developed, if applicable, with the greatest adherence to the legislation and interest of Ecuador.
Ministry of Environment
The Telamayu project involves the environmental remediation of the "Antiguo" tailings with an option on the larger "Nuevo" tailings, both situated at the Telamayu Mill site near the town of Atocha in the Department of Potosi, Bolivia.
A second project entails BacTech investigating the use of bioleach processing to treat historic arsenic tailings and arsenopyrite concentrates produced in the Ponce Enriquez area of Southern Ecuador.
Finally, BacTech has recently agreed to participate with a group looking to reprocess the Arsenic Stockpile in Snow Lake, Manitoba.
For further information contact: Ross Orr, President & CEO, BacTech Environmental Corporation/ 416-813-0303 ext. 222, Cell 416-346-5529 and
Robin Cook, Investor Relations: 416-809-1738, Email: firstname.lastname@example.org
Follow us on:
Special Note Regarding Forward-Looking Statements
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to future tailings sites, sampling or other investigations of tailing sites, the Company's ability to make use of infrastructure around tailings sites or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified using words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether because of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Shares outstanding: 96,903,756
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.