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Bactech Closes Final Tranche of Unit Financing

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Bactech Closes Final Tranche of Unit Financing

BacTech Environmental Corporation (CSE: BAC) (OTC: BCCEF) (FSE: 0BT1), a commercially proven environmental technology company delivering eco-friendly bioleaching and remediation solutions for precious metal and critical mineral recovery, is pleased to announce the closing of the third tranche of the previously announced financing.

The Company closed the last  tranche of the private placement issuing  12,200,000 units for gross proceeds of $610,000.    In connection with this private placement the Company paid finders’ fees of an aggregate of $8,000 in cash and 160,000 broker warrants.  Insiders of the Company purchased 100,000 units for gross proceeds of  $5,000.

The total money raised from all three closings equals $1,266,700. The total shares issued under all three tranches equals 25,334,000 common shares and an equal amount of common share purchase warrants. The Company paid $12,800 in finder’s fees and issued 256,000 finder’s warrants. Insiders of the Company purchased 1,484,000 units for gross proceeds of $74,200.

Each unit of the financing consists of one common share of BacTech and one, two-year warrant exercisable at $0.10. The warrant includes an acceleration clause. In the event the common shares trade at or above $0.20 for 10 consecutive trading days, as indicated on the CSE Exchange, the Company shall have given notice by way of a press release that the Warrants’ expiry date will expire 20 trading days thereafter. The announcement of the financing was contained in a press release dated February 28  and May 23, 2025.

About BacTech Environmental Corporation

BacTech Environmental Corporation is a company that specializes in environmental technology. We use a process called bioleaching to recover metals like gold, silver, cobalt, nickel, and copper, while also safely removing harmful contaminants like arsenic. This process is eco-friendly and uses naturally occurring bacteria that are safe for both humans and the environment. By using our proprietary method of bioleaching, we can neutralize toxic concentrates and tailings while also creating profitable opportunities. The company is publicly traded on several stock exchanges, including the CSE, OTCQB, and Frankfurt Stock Exchange.

Posted June 5, 2025

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