Adds $4 Million in Assets to Balance Sheet Toronto, June 3, 2024 -
BacTech Environmental Corp. has announced the signing of a Letter of Intent with Silver Crown Royalties for the sale of a portion of its anticipated annual silver production. The silver will be produced as a by-product of its planned bioleach gold production in Tenguel, Ecuador. Under the terms of the LOI, BacTech will deliver 90%, but no less than 35,000 ounces of silver per annum for a period of ten years. The key terms of the agreement are outlined as follows: 1. C$1.0 million worth of SCRI units upon execution of the definitive agreement. Each unit will consist of one common share of SCRI and one 3-year warrant. The first tranche will be 2,000,000 shares and 2,000,000 common share purchase warrants . 2. C$...