The Prospector News

BacTech Strengthens Balance Sheet Through Convertible Debenture Restructuring, Reducing Outstanding Debt

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

BacTech Strengthens Balance Sheet Through Convertible Debenture Restructuring, Reducing Outstanding Debt

BacTech Environmental Corporation (CSE: BAC, OTCQB: BCCEF, FSE: 0BT1) today announced that it has taken another significant step toward strengthening its balance sheet through the restructuring of an existing convertible debenture. This initiative supports the Company’s broader objective of positioning itself for the capital raise required to launch its Ecuador bioleach facility and advance its Zero-Tailings initiatives.

In March 2025, BacTech reached an agreement to potentially eliminate approximately US$1.8 million in convertible debt through a two-tiered conversion structure. Following productive discussions between BacTech and the debenture holder, both parties have agreed to a simplified arrangement that achieves the same objectives while reducing dilution and forgiving a substantial portion of the debt.

 

Revised Terms of the Agreement

  • The debenture holder will convert US$950,000 of principal into 19,000,000 common shares of BacTech.
  • The debenture holder will receive 19,000,000 three-year common share purchase warrants, exercisable at US$0.15 per share.
  • The remaining US$850,000 of debt will be forgiven in exchange for a 1% royalty on the Company’s projects.

“This restructuring reflects the continued confidence of a long-standing investor in BacTech’s technology and near-term growth prospects,” said Ross Orr, President & CEO of BacTech Environmental Corporation. “By eliminating debt and simplifying our capital structure, we are reinforcing the Company’s financial foundation and advancing the Ecuador bioleach facility as efficiently as possible.” BacTech believes this transaction highlights ongoing stakeholder support for its environmentally responsible bioleaching technology and its mission to deliver profitable, sustainable solutions for processing high-arsenic and complex mineral concentrates.

 

About BacTech Environmental Corporation

BacTech Environmental Corporation is a publicly traded, environmental technology company focused on commercializing proprietary bio-oxidation processes for the safe, sustainable treatment of toxic, arsenic-bearing concentrates and mine tailings. The Company’s flagship Tenguel–Ponce Enriquez bioleach plant in Ecuador is designed to process high-arsenic gold concentrates while generating strong economic returns and measurable social and environmental benefits. BacTech is also advancing its Zero-Tailings initiative in Sudbury, Canada, aimed at recovering critical minerals and creating valuable by-products from pyrrhotite tailings.

CSE: BAC | OTCQB: BCCEF | FSE: 0BT1

Visit us at www.bactechgreen.com

Posted November 5, 2025

Share this news article

MORE or "UNCATEGORIZED"


PMET Increases Grade and Scale of Caesium Mineral Resource at Shaakichiuwaanaan

PMET Resources Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce an upda... READ MORE

November 4, 2026

West Red Lake Gold Announces Integrated PFS Delivering C$764 Million Post-Tax NPV and Annual Gold Production of 100,000 Ounces Once Rowan Enters Production

West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQX: WRLGF) is pleased to announce the results of an ... READ MORE

November 4, 2026

Independence Gold Reports Additional Gold-Silver Intersections and Gives an Exploration Update at the 3Ts Project, BC

Independence Gold Corp. (TSX-V: IGO) (OTCQB: IEGCF) (FSE: 625) is pleased to announce additional gol... READ MORE

November 4, 2026

Lodestar Intersects Gold-Silver Mineralisation at All Four Targets in the Maiden Drill Program at Gold Run, Nevada, Including 71.6 m at 0.9 g/t AuEq at Crown North

Lodestar Metals Corp. (TSX-V: LSTR) (OTCQB: SVTNF) (FSE: PR90), an exploration company focused on go... READ MORE

November 4, 2026

Northmin Reports Broad, Shallow Polymetallic Mineralisation Comprising 38.25 Metres at 0.35% Copper, 5.05% Zinc+Lead and 19.88 g/t Silver from 68.55m Downhole to the East of the Historic Zone 3 Mine

Northmin Corporation (TSX-V: NMB) is pleased to announce additional assay results from three drill h... READ MORE

November 4, 2026

Copyright 2026 The Prospector News