BacTech and Pala Sign a Term Sheet to Pursue the Development of Tailing Projects

TORONTO, CANADA, Dec 19, 2014 (Marketwired via COMTEX) BacTech Environmental Corporation ( BacTech ) (CSE: BAC)(OTC: BCCEF)(WKN: A1H4TY) is pleased to announce that it has signed a term sheet with Pala Investments Limited ( Pala ) to pursue the development of tailing projects using its proprietary bioleaching technology. BacTech has identified a pipeline of tailing projects that can benefit from the Company s strong metallurgical capabilities and proven proprietary bioleaching technology. BacTech s targeted tailing projects will have low capital requirements and are relatively quick to bring to production. The first project of that pipeline is the Telamayu tailings reclamation project in Bolivia ( Telamayu ). Telamayu consists of two separate tailings areas (Antigua and Nuevo) earmarked for remediation and is the result of many years of toll treating ores from four regional mines. The term sheet contemplates a senior debt facility of up to US$10M to finance 100% of the capital requir
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