BacTech Environmental (TSE:BAC) has released an update.
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BacTech Environmental Corporation has signed a preliminary agreement with Silver Crown Royalties to sell a significant portion of its future silver production, derived from its bioleach gold operations in Ecuador. The deal promises to bolster BacTech’s balance sheet with an additional $4 million in assets as the company forges ahead with plans to increase gold and silver output. The agreement, pending final review and formalization, is set to contribute a small yet strategic fraction of BacTech’s total revenue over a ten-year period.
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