BacTech Environmental Corporation
Climate Impact & Sustainability Data (Q2 2023, Q2 2024)
Reporting Period: Q2 2023
Environmental Metrics
ESG Focus Areas
- Environmental remediation
- Sustainable mining
- Reduction of mercury and cyanide use
Environmental Achievements
- Bioleaching plants remediate toxic concentrates and produce an EPA landfillable waste product
- No toxic gaseous emissions (e.g., SO2, As2O3)
- Efficient recycling of water from the process
Social Achievements
- Providing environmentally friendly processing locally and with positive local economic impact
- Full support from the Ecuadorian Ministry of Artisanal and Small Miners and the Ministry of Mines
Governance Achievements
- Historic agreement signed on April 28, 2022, with the Government of Ecuador (Investment Protection Agreement)
Climate Goals & Targets
Long-term Goals:
- Commercialization of pyrrhotite tailings treatment technology in Sudbury Basin
Medium-term Goals:
- Expand Tenguel plant to >100,000 oz. gold per annum
Short-term Goals:
- Begin construction of the 50 TPD bioleaching plant in Tenguel, Ecuador within 12 months
Environmental Challenges
- Securing financing for the Tenguel project
Mitigation Strategies
- Issuing a US$20M Green Bond for the Ecuador project
- Engaging Sequestr (Toronto) to prepare green bond documentation
- Engaging Quito-based broker Analytica Securities to market the bond
Supply Chain Management
Responsible Procurement
- Will not buy pre-treated concentrates containing mercury
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 13 (Climate action)
Bioleaching technology contributes to sustainable resource management, reduced emissions, and clean energy use.
Reporting Period: Q2 2024
Environmental Metrics
ESG Focus Areas
- Environmental remediation
- Sustainable mining
- Economic impact on local communities
Environmental Achievements
- Bioleaching plants remediate toxic concentrates and produce an EPA landfillable waste product
- Reduction in use of mercury by artisanal miners
- Efficient recycling of water from the process
- No toxic gaseous emissions (e.g., SO2, As2O3)
- Bioleaching is a permanent solution
Social Achievements
- Providing environmentally friendly processing locally and with positive local economic impact
- Full support from the Ecuadorian Ministry of Artisanal and Small Miners and the Ministry of Mines
- Historic agreement signed on April 28, 2022, with the Government of Ecuador (Investment Protection Agreement)
Governance Achievements
- Moody’s has reviewed the proposed plant and technology and awarded an 80% rating for bonds issued by BacTech as “green” and “social”
Climate Goals & Targets
Long-term Goals:
- Commercialization of pyrrhotite tailings treatment in Sudbury Basin
Medium-term Goals:
- Expand the Tenguel project (Phase 2) to >100,000 oz. per annum
Short-term Goals:
- Begin construction of the Tenguel, Ecuador facility once financing is secured
Environmental Challenges
- Securing financing for the Ecuador project
Mitigation Strategies
- Engaged Quito-based broker Analytica Securities to market US$20M Green Bond
Supply Chain Management
Climate-Related Risks & Opportunities
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 13 (Climate action)
Sustainable Products & Innovation
- Bioleaching technology