BacTech Environmental (TSE:BAC) has released an update.
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BacTech Environmental Corporation has entered into a Letter of Intent with Silver Crown Royalties to sell up to 90% of its expected silver output from a project in Tenguel, Ecuador, enhancing its balance sheet by $4 million. The deal, which covers a decade of silver production, is contingent upon due diligence and a definitive agreement, with the company also expecting to produce significant amounts of gold. This strategic move allows BacTech to capitalize on its silver by-product while focusing on its primary gold production and remaining poised to benefit from potential increases in silver prices.
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