Clean Tech Co.'s Story Just Got Better, Expert Says

Source: Chris Temple 04/08/2024

In light of BacTech Environmental Corp.'s news Friday, Chris Temple of The National Investor shares his thoughts on the company.

An already compelling "Green mining" story in BacTech Environmental Corp. BCCEF just got a whole lot better and potentially more explosive after Friday's close.

The main story you already know (or should).

After the market close on Friday, BacTech ANNOUNCED a patent application filing (essentially global as a practical matter) that would particularly take its ongoing work in Canada a BIG step further.

As recently as that latest above-linked discussion, we brought you up to speed not only on near-term plans to begin construction of the company's plant in Ecuador but also on BacTech's work in the Sudbury Basin in Canada. Independent estimates suggest that as much as 100 million tonnes of tailings from past nickel (mostly) mining in this region exist; tailings where the company has confidence already that its processes can recover discarded metals such as arsenic, sulfur, etc., are mitigated.

However, intellectual property advances, and last week's filing by the company's V.P. Dr. Paul Miller suggests that considerable new ground is about to be plowed.

Beyond the company's already-known process to extract metals of most kinds from such material, it's now Dr. Miller's/management's contention--based on Dr. Miller's ongoing work--that much more can be accomplished via " . . . the inherent mechanisms of bioleaching."

"This process" notes the release, "aside from effectively extracting valuable metals like nickel, copper, and cobalt from pyrrhotite or pyrite tailings, uses eco-friendly technology and sustainable power sources to eliminate all waste during tailings reprocessing operations, delivering a first-ever zero-waste, low-carbon liberation, and extraction approach for valuable metals recovery." (Emphasis added.)

As Orr explained to me last night when we visited by phone, taking the bioleaching process to its conclusion can also lead to both iron recovery to be used in steel making and even an organic fertilizer product.

Indeed, Orr contends, as much as 90% of the total value in tailings materials such as those specifically at issue in Sudbury (which would probably have long since been deemed a "Superfund" area/story by the E.P.A. were it in the U.S.A.) could conceivably come from the iron and fertilizer production!

In his usual "Sunday Morning Coffee" missive a few hours ago, Orr added more color to all this, explaining it in layman's terms and further defining just how groundbreaking this all could prove to be

This is uber-exciting stuff, folks!

I'll have a more detailed follow-up in a few days.

Important Disclosures:

  1. BacTech Environmental Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, BacTech Environmental Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of BacTech Environmental Corp.
  3. Chris Temple: I, or members of my immediate household or family, own securities of: BacTech Environmental Corp. I determined which companies would be included in this article based on my research and understanding of the sector.
  4. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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