BacTech Environmental (BAC) AI Stock Analysis

• Market Cap: C$7.64M
• Dividend Yield: N/A
• Average Volume (3M): 165.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.15
• Revenue Growth: N/A
• EPS Growth: 54.17%
• Country: CA
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Waste Management
• EPS (TTM): >-0.01
• Shares Outstanding: 218,370,130
• 10 Day Avg. Volume: 169,337
• 30 Day Avg. Volume: 165,337
• PEG Ratio: 0.14
• Price to Book (P/B): -2.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -99.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: C$0.03 ▼(-15.00% Downside)

The score is weighed down primarily by very weak financial performance (no reported revenue, persistent losses, and negative equity), despite improved 2024 cash burn. Technicals are neutral with only short-term strength, valuation provides limited support due to negative earnings, and corporate events are somewhat positive due to balance-sheet-related actions but not enough to offset the core financial risks.

Positive Factors

Improved cash burn

A sharp reduction in operating cash outflow materially extends runway versus prior years, lowering immediate funding pressure. This gives management more time to advance commercialization and secure strategic financing, improving the chance to convert R&D into recurring revenue over months.

Balance-sheet actions & board support

Debt conversion and a new major-shareholder director are structural governance and capital-events that can strengthen solvency and strategic access to capital. Reduced headline leverage and engaged ownership improve credibility with lenders and partners over the medium term.

Unique bioleaching focus

Specialized biological extraction and remediation address growing regulatory and environmental demand for sustainable tailings and waste solutions. Owning a niche, science-based process can create sustainable competitive advantages via know-how, licensing and long sales cycles into mining and remediation projects.

Negative Factors

No reported revenue

Zero reported revenue indicates the business has not reached commercial scale, leaving all growth dependent on successful commercialization. Without customers, the company must rely on financing for operations, increasing dilution risk and making future cash generation uncertain absent material execution.

Negative shareholders' equity

Persistent negative equity and meaningful debt relative to assets signal a stressed capital structure that limits financial flexibility. This raises refinancing and covenant risk, makes additional borrowing costlier, and increases the likelihood of dilutive equity raises that can hinder long-term investor returns.

Persistent losses; uneconomic operations

Recurrent negative gross margins and operating losses point to an uneconomic cost structure and insufficient commercialization. Continued losses will deplete capital without profitable scaling, forcing reliance on external funding and raising execution risk for converting technology into sustained cash flow.

BacTech Environmental Business Overview & Revenue Model

Company Description

BacTech Environmental Corporation operates as an environmental technology company. It develops and commercializes BACOX, a proprietary bioleaching technology for the reclamation of mine tailings. The company's technology utilizes bacteria to extract precious and base metals, as well as to treat difficult-to-treat sulphide ores and concentrates. It holds interests in the projects in Ecuador and East Africa. The company was incorporated in 2010 and is headquartered in Toronto, Canada.

How the Company Makes Money

BacTech Environmental generates revenue primarily through its bioleaching technology, which is used to extract metals from environmentally problematic mine tailings and concentrates. By processing materials that contain significant amounts of metals, the company is able to recover and sell these precious and base metals, such as gold and copper, creating a direct revenue stream. Additionally, BacTech may engage in partnerships or joint ventures with mining companies or governments to remediate contaminated sites, which can provide further income opportunities. The company's business model capitalizes on both the sale of recovered metals and the provision of environmental remediation services.

BacTech Environmental Financial Statement Overview

Summary

Financial strength is very weak: revenue is reported at 0 across periods, losses persist, and shareholders’ equity is negative (e.g., -$2.93M in 2024). Cash burn improved sharply in 2024 (operating cash flow and free cash flow to about -$0.07M from -$1.79M in 2023), but cash flow remains negative and funding risk stays elevated.

Income Statement

Operating performance remains very weak. Revenue is reported at 0 across all periods, while gross profit is consistently negative (e.g., -$0.10M in 2024 vs. -$0.16M in 2023), indicating an uneconomic cost structure. Losses are persistent despite some improvement in 2024 (net loss narrowed to -$0.84M from -$1.92M in 2023), and EBIT remains deeply negative, pointing to limited near-term earnings power.

Balance Sheet

The balance sheet is highly stressed with negative shareholders’ equity in every year shown (e.g., -$2.93M in 2024), which limits financial flexibility and increases refinancing risk. Debt is meaningful relative to the asset base (2024 debt ~$1.44M vs. assets ~$1.87M), and the negative equity makes leverage metrics difficult to interpret in an economically reassuring way. A modest positive is that total debt has not been rapidly accelerating recently, but the capital structure remains a core weakness.

Cash Flow

Cash generation is still negative but shows a notable near-term improvement. Operating cash flow was only -$0.07M in 2024 versus -$1.79M in 2023, and free cash flow similarly improved to -$0.07M from -$1.79M, reducing immediate cash burn. However, cash flow remains below zero and has been volatile historically (e.g., large outflows in 2021–2023), which keeps funding risk elevated.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-99.37K	-100.00K	-161.00K	-954.00K	-208.15K	―
EBITDA	-433.18K	0.00	-3.00	-3.20M	-1.36M	1.08M
Net Income	-728.10K	-836.00K	-1.92M	-3.37M	-1.60M	861.14K
Balance Sheet
Total Assets	2.21M	1.87M	1.45M	1.14M	234.97K	33.67K
Cash, Cash Equivalents and Short-Term Investments	1.11M	760.36K	73.20K	10.15K	64.28K	19.41K
Total Debt	1.51M	1.44M	1.44M	1.03M	160.00K	825.79K
Total Liabilities	4.77M	4.80M	3.66M	3.09M	1.65M	2.83M
Stockholders Equity	-2.55M	-2.93M	-2.22M	-1.95M	-1.42M	-2.80M
Cash Flow
Free Cash Flow	-791.59K	-67.84K	-1.79M	-4.18M	-1.19M	-147.12K
Operating Cash Flow	-791.59K	-67.84K	-1.79M	-3.20M	-1.19M	-147.12K
Investing Cash Flow	0.00	0.00	0.00	-980.56K	0.00	0.00
Financing Cash Flow	1.25M	0.00	1.85M	3.15M	1.24M	161.52K

BacTech Environmental Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BAC, the sentiment is Neutral. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.89 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:BAC.

BacTech Environmental Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
BLM	49 Neutral	C$74.68M	-22.64	-3.01%	―	63.49%	-133.70%
BAC	44 Neutral	C$7.64M	-7.95	―	―	―	54.17%
YES	42 Neutral	C$36.09M	-14.92	-419.23%	―	-27.40%	23.40%
ECM	41 Neutral	C$39.69M	-16.36	-1787.47%	―	135.68%	68.99%
LUX	36 Underperform	C$6.25M	-2.13	-209.39%	―	-45.50%	47.92%

BacTech Environmental Corporate Events

BacTech Environmental Appoints Brett Whalen to Board, Strengthening Strategic Leadership

BacTech Environmental Corporation has appointed Brett Whalen to its Board of Directors, following the passing of his father, Don Whalen. Brett Whalen, who has been a significant supporter and advisor to BacTech, recently became the company’s largest shareholder by converting $1.82 million in debt into common shares and warrants, now controlling over 11% of the company’s shares. This appointment is expected to continue the Whalen family’s legacy of support for BacTech’s mission, potentially strengthening the company’s strategic direction and stakeholder confidence.

BacTech Environmental Unveils Redesigned Corporate Website

BacTech Environmental Corporation has launched a redesigned corporate website to better reflect its evolving business and enhance its brand positioning. The new site offers a modern interface, dedicated project sections, and an improved investor relations center, aiming to set new standards for sustainable mining and tailings remediation.

BacTech Environmental Restructures Debt to Boost Financial Position

BacTech Environmental Corporation has restructured its convertible debenture to strengthen its balance sheet, reducing outstanding debt by potentially eliminating US$1.8 million. This move is part of BacTech’s strategy to position itself for a capital raise to launch its Ecuador bioleach facility and advance its Zero-Tailings initiatives. The restructuring involves converting US$950,000 of debt into common shares and warrants, while forgiving US$850,000 in exchange for a 1% royalty on the company’s projects. This transaction underscores stakeholder confidence in BacTech’s environmentally responsible bioleaching technology and its mission to deliver sustainable solutions for processing complex mineral concentrates.