TORONTO, ON, March 14, 2023 – BacTech Environmental Corporation (CSE: BAC, OTCQB: BCCEF, FSE: 0BT1) (“BacTech” or the “Company”), a commercially proven environmental technology company delivering eco-friendly bioleaching and remediation solutions for precious metal and critical mineral recovery, is pleased to report that the Company has closed a $250,0000 Convertible Debenture with an existing strategic investor who previously completed a $1.0 million convertible debenture on April 21, 2022. 

The convertible debenture terms are the same as the prior debenture, now with the full principal balance of $1.25 million not due until September 4, 2024. The terms call for a conversion at $0.15 per share, at an annual interest rate of 8%.   The debenture extension was agreed to by the debenture holder for a 1% royalty of the Company’s Ecuador project — the same royalty as announced for the May 5, 2022, and February 28, 2022, private placements. The Company also notes an additional $6,600 was closed through the issuance of 100,000 shares on the previously announced private placement which closed on December 12, 2022. 

About BacTech Environmental Corporation

BacTech is a proven environmental technology company, delivering effective and eco-friendly bioleaching and remediation solutions to commercial operations to process and recover preferred metals (gold, silver, cobalt, nickel and copper) smartly and safely remove and transform harmful contaminants like arsenic into benign EPA-approved products for landfill. Tapping into numerous environmental and economic advantages of its proprietary method of bioleaching, BacTech uses naturally occurring bacteria, harmless to both humans and the environment, to neutralize toxic mining sites with high-pay potential. BacTech is publicly traded on the CSE under the symbol “BAC”; on the OTCQB as “BCCEF”; and the Frankfurt Stock Exchange as “0BT1”.  

Additional Press Releases & News:

• MIRARCO Secures Grant Money to Complete Pilot Testing BacTech Environmental Bioleaching IP for Nickel-Cobalt Recovery from Tailings 14-08-23
• BacTech Comments on Constitutional Court of Ecuador’s Temporary Suspension of Decree 754 03-08-23
• BacTech Engages Analytica Securities to Raise $US20M in Green/Social Bonds for the Tenguel Project 26-07-23
• BacTech Environmental Establishes Sustainable Bond Framework to Finance Ecuador Bioleach Project 24-07-23
• BacTech Environmental Joins Ontario Government Delegation at Green Expo 2023 in Mexico City and Monterrey 29-06-23
• BacTech Environmental Provides Corporate Update 16-06-23
• BacTech Environmental Engages Moneta Advisory Partners; Wall Street Veterans Marc LoPresti and Jon Najarian to Help Drive Investor Awareness Program 15-06-23
• President of Ecuador Signs Community Consultation Process Decree; Clears Path for BacTech Environmental to Pursue Final Major Permit 01-06-23
• BacTech to Present at the Sequire Investor Summit in Puerto Rico 20-04-23
• BacTech Environmental Initiates Certification Process for US$20M Green Bond Offering to Fund Bioleaching Gold Recovery Plant in Ecuador 13-04-23
• BacTech Environmental Announces First Closing of Private Placement 27-03-23
• BacTech Environmental Closes $250,000 Convertible Debenture with Strategic Investor 14-03-23
• BacTech Environmental Announces $1Million Private Placement; Retains MARS Investor Relations in Final Funding Push for Bioleaching Gold Recovery Plant Construction 13-03-23
• BacTech Environmental Closes First Tranche of Private Placement 12-12-22
• President of Ecuador Signs Pre-Legislative Consultation Decree: Confirming the Start of the Final Stage of BacTech Environmental License Pursuit 02-12-22