BacTech Environmental (TSE:BAC) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
For further insights into TSE:BAC stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue