(via TheNewswire)
Today, BacTech is pleased to share that the Company has engaged
The primary purpose of this bond offering is to raise funds for the construction and program development of BacTech's bioleaching facility in Tenguel,
In line with BacTech’s commitment to make a positive impact on both the environment and local communities, the proceeds from the bond offering will be allocated to four eligible project investment areas. These include pollution prevention and control, sustainable water and wastewater management, socioeconomic advancement and empowerment, and the generation of decent and inclusive employment opportunities.
To ensure transparency and adherence to global best practices, BacTech has recently launched the Company’s Sustainable Bond Framework for issuing Green and Social bonds. This framework aligns with the
"We are excited to pursue this financing opportunity with the support of Analytica, and we estimate that
Furthermore, BacTech is pleased to report that the Company is progressing well with its Consultation permit and anticipates receiving it shortly. Securing this permit will signify a significant milestone for the Company, as it ensures BacTech has fulfilled all necessary permits required for building the plant.
BacTech remains committed to achieving the Company’s environmental and social objectives while delivering long-term value to BacTech’s shareholders and stakeholders. BacTech believes that this Green/Social Bond offering is a significant step in the right direction.
About the Tenguel –
BacTech is planning to build a new owner-operated bioleaching facility in Tenguel,
Key economic highlights, assuming a base gold price @
• Pre-tax NPV (Net Present Value with 5% discount rate) of
• Pre-tax IRR (Internal Rate of Return) of 57.9%
• Annual Gold Production of 30,900 ounces
• Capital Cost of
• Bioleach Operating Cost of
• Pre-tax Earnings Prior to Employee Bonus –
• Estimated local employee bonus pool –
In total, there are over 100 small mines operating in the area. BacTech continues to investigate the prospects of establishing additional modern bioleaching facilities across other areas of
About
For further information contact:
President & CEO
416-813-0303 ext. 222,
borr@bactechgreen.com
Website:www.bactechgreen.com
Investor Presentation:www.bactechgreen.com/investors
Follow BacTech on:
Facebookhttps://www.facebook.com/BacTechGreen
Twitterhttps://twitter.com/BacTechGreen
LinkedInhttps://www.linkedin.com/company/1613873
Vimeohttps://vimeo.com/bactechgreen
YouTubehttps://www.youtube.com/@bactechenvironmental
Disclaimer: Stated goals of raising
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.
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.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the shares, nor is it a solicitation of interest from a prospective investor.
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Copyright (c) 2023 TheNewswire - All rights reserved., source