BacTech Mining Corporation
BacTech Mining Corporation has been in business for 20 years. Its $20+ million investment in R&D has yielded, among other things, its patented bacterial oxide and bioleaching technologies, which liberate gold and base metals from difficult-to-treat sulphide ores and concentrates in an environmentally responsible fashion. To date, the company's patented BACOX technology has been used at three gold mines in Australia, Tasmania, and China (the Laizhou Gold Enterprise in Shandong Province). Today, two of these mines, using BacTech technology, are producing in excess of 200,000 ounces of gold each year.
BacTech's patented technology positions the company as a "green" solution. It uses naturally occurring bacteria, which are harmless to both humans and the environment, to oxidize the contained sulphides and separate the metals from the difficult-to-process tailings. As this occurs, toxic elements such as arsenic are stabilized. The tailings created by bioleaching are benign, and zero environmental damage occurs as a result of the process. An added bonus is BACOX’s ability to recover valuable metals such as silver, cobalt, and nickel that remain in the tailings. As President and CEO M. Ross Orr notes, “bioleaching is an environmental clean-up solution that also creates a profit."
BacTech is currently developing a major project near Cobalt, Ontario, where thousands of tons of cobalt, nickel, and silver were left behind by miners 100 years ago. (Cobalt prices are on the upswing due to its use in hybrid car batteries.) The BacTech team is continually searching for viable and profitable deposits that would benefit from their technology. As Mr. Orr observes, “As surface ore bodies are depleted, mines are beginning to treat the deeper sulphide ore bodies. BacTech's technology is perfectly suited for many of these projects.” BacTech has also received recent contracts with Sweden, Armenia (via strategic partner Caldera Resources), and Chile.
BacTech is one of only two companies worldwide with commercially proven bioleaching technology. Capital and operating cost advantages, together with the environmentally friendly qualities of the technology, place BacTech in a position for project participation and licensing opportunities.
BacTech Mining Corporation is a publicly-listed Canadian company with its shares quoted on the TSX Venture Exchange (BM). The company was founded in 1988 in Western Australia. BacTech was incorporated in mid-1997 in Ontario and went public in September that year. It currently has 130,892,623 fully diluted stocks. Mr. Orr can be reached at 416-813-0303 ext 222 in Toronto, Canada.
Ross Orr, President & CEO Address: 50 Richmond Street East, Suite 300, Toronto, Ontario M5C 1N7 Canada Phone: 416-813-0303 Fax: 416-596-9840 Email: info@bactech.com Website: www.bactech.com
< Back