BacTech Environmental Corporation (C:BAC)
Business Focus: Mining Support Services & Equipment (NEC)
| Sector: Basic Materials | Industry: Mining Support Services & Equipment |
| Company Contact | |
| Address: | Suite 409, 37 King St. East TORONTO ON M5C 1E9 |
| Tel: | N/A |
| Website: | https://www.bactechgreen.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| BacTech Environmental Corporation specializes in environmental technology. The Company provides bioleaching and remediation solutions to commercial operations to process and recover preferred metals (gold, silver, cobalt, and copper) and remove and transform harmful contaminants like arsenic into benign environmental protection agency (EPA)-approved products for landfill. By using its method of bioleaching, the Company neutralize toxic concentrates and tailings. Its technology, bioleaching, uses naturally occurring bacteria to neutralizes toxic mining sites and allows for processing in the mining industry. It focuses on building a new owner-operated bioleaching facility in Tenguel, Ecuador, in a region where arsenic is associated with sulphide gold ore. It has identified the Ponce Enriquez area of southern Ecuador as an area where its bioleaching technology can be deployed for environmental processing of locally produced concentrates from mining and tailings reclamation. |
| Financial Overview |
| For the nine months ended 30 September 2023, Bactech Environmental Corp revenues was not reported. Net loss decreased 35% to C$1.3M. Lower net loss reflects Project expenditures decrease of 84% to C$66K (expense), Professional fees decrease of 66% to C$128K (expense), Selling/General/Admin Expense decrease of 19% to C$481K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $15.66M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$2.37M as of Sep 30, 2023 |
| Net annual income (TTM): | -$2.64M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$1.48M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $1.66M as of Sep 30, 2023 |
| Shares outstanding: | 193,038,833 as of Dec 19, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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