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BacTech Environmental Secures Tenguel Plant Construction Permit from Ministry of Energy and Non-Renewable Resources
TORONTO, ON – TheNewswire - March 24, 2022 – BacTech Environmental Corporation (CSE:BAC), (OTC:BCCEF), (FSE:0BT1) (“BacTech” or the “Company”), a commercially p
About this update from Bactech Environmental Corp.
[{"type":"text","content":"TORONTO, ON – TheNewswire - March 24, 2022 – BacTech Environmental Corporation (CSE:BAC), (OTC:BCCEF), (FSE:0BT1) (“BacTech” or the “Company”), a commercially proven environmental technology company delivering effective and eco-friendly bioleaching and remediation solutions, is pleased to announce that its 100% owned Ecuadorian subsidiary, BacTechverde S.A.S., has been officially granted its construction permit with respect to its Tenguel – Ponce Enriquez bioleaching plant and project in Ecuador. On March 22nd the Company received official notification documenting that the Ministerio de Energia y Recursos Naturales No Renovables (“Ministry of Energy and Non-Renewable Resources”) has issued a permit to BacTech for the plant construction. A copy of the authorization will be uploaded to the Company’s web site. “This key document was obtained through excellent teamwork and coordination with authorities to complete the process ahead of schedule,” said Ross Orr, President, and CEO of BacTech Environmental. \"To be clear, BacTech is still responsible for obtaining other approvals as part of the overall permitting process, but having this particular authorization in hand is indeed a very positive development for the project in terms of timing. In all meetings that I have attended, the Ecuadorian Government has committed to helping us achieve an expeditious result for the necessary permits and authorizations, and this is a prime example of their support and delivering on their word.” Ecuador’s Vice Minister of Mines, Xavier Vera Grunauer, with BacTech CEO Ross Orr in August 2021 A rough translation of the authorization is as follows: 1. GRANTING OF THE RIGHT - The Ecuadorian State, through the Ministry of Energy and Non Renewable Natural Resources, Coastal Zone Coordination, grants in favor of the company BACTECHVERDE S.A.S., the present AUTHORIZATION FOR THE INSTALLATION AND OPERATION OF THE BENEFIT, MELTING, REFINING AND CONSTRUCTION PLANT OF RELAVERS called \"BACTECH BIOAMBIENTAL\" Code 70002419, title by which the personal right is legally and duly conferred to execute the phases of benefit, smelting and refining referred to in letters d), e), f) of Art. 27 of the Mining Law and in accordance with the provisions of Articles 45 and 46 of the aforementioned norm; 2. LOCATION - The Beneficiation, Smelting, Refining and Proce...