Bactech Environmental Corp. · CSE:BAC
Bactech Environmental — Investor Presentation (May 2023)
33 slides from Bactech Environmental's investor presentation, May 2023
Slide 1: Our Bugs Eat Rocks! Q2 2023 Corporate Presentation
CSE: BAC | OTCQB: BCCEF | FRA: 0BT1 | BACTECHGREEN.COM Q2 2023 CORPORATE PRESENTATION OUR BUGS EAT ROCKS!
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER This presentation contains certain forward-looking statements within the meaning of Canadian securities legislation (the “Forward-looking Statements”) and within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Although the Company believe
Slide 3: Commercially Proven Cleantech Company
COMMERCIALLY PROVEN CLEANTECH COMPANY Focused on sustainable mining and environmental remediation bioleaching technology Commercially Proven Environmentally Friendly Favourable Macroeconomics Over 30 years of R&D, millions Bioleaching plants remediate toxic Ecuadorian artisanal and small invested an
Slide 4: Sustainability at Our Core
SUSTAINABILITY AT OUR CORE BACTERIA The bacteria are naturally occurring and harmless to the environment and WATER human health Efficient recycling of water from the process HEAVY METAL RECOVERY Toxic heavy metals, like arsenic, are EMISSIONS converted into stable environmentally No toxic gaseous em
Slide 5: Capitalization Structure
CAPITALIZATION STRUCTURE Insiders, Management and Strategic Shareholders Public Basic Shares Outstanding 183.5M Reserved for Issuance 49.8M (Options & Warrants) Fully Diluted 233.3M 51% 49% Market Capitalization C$14M Average Daily Volume 100,000+ 52 Week Range $0.05 – $0.16 5 BACTECHGREEN.COM
Slide 6: BacTech Team
BACTECH TEAM MANAGEMENT Board of Directors Ross Orr David Tingey Louis R. Nagy Dr. Paul C. Miller Bernardo Brito President and CEO Chief Operating Officer Chief Financial Officer VP Technology Country Manager, Ecuador BOARD OF DIRECTORS Timothy Lewin Ross Orr Walter Cimowsky Donald Whalen Jay Richar
Slide 7: The Issues
THE ISSUES Growing demand for resources Humanity currently uses resources at a rate 50% faster than they can be regenerated by nature Poor economic & social conditions at artisanal & small mines The use of mercury and cyanide is unsafe, unhealthy and leads to poor gold recoveries leading to reduced
Slide 8: The Problem: Sulfides are the glue of nature
THE PROBLEM Sulfides are the GLUE of nature… Millerite SPHALERITE Arsenopyrite COVELLITE Chalcopyrite PYRITE Galena Molybdenite MARCASITE Pyrrhotite Chalcocite 8 BACTECHGREEN.COM
Slide 9: ...and the cause of toxic concentrates
THE PROBLEM …and the CAUSE of Toxic Concentrates Toxic Elements Released Expensive Reclamation and and Tailings into Atmosphere Remediations High arsenic concentrates are Pyrometallurgical processing Billions are spent every year on generally burned and pollute the releases arsenic trioxide and sulf
Slide 10: The Solution: Bioleaching
THE SOLUTION Bioleaching AKA Bacterial Oxidation Our Bugs Eat Rocks! BacTech Environmental is one of 2 companies worldwide with the expertise for vat bioleaching as an alternative to smelting/roasting. How? We like to use the analogy of a brick wall where the sulfides are the mortar holding everythi
Slide 11: Our Verticals
OUR VERTICALS Commercial R&D R&D (Gold, Silver) (Copper, Nickel, Cobalt) (Rare Earth Elements) In process of building Preliminary Patent for Interest from US Gov. an owner operated 50 Bioleaching Process. for a sustainable domestic TPD bioleaching plant Targeting 80-100M tonnes REE supply chain. in
Slide 12: Ecuador Bioleaching Facility
ECUADOR BIOLEACHING FACILITY THE FIRST DOMINO Substantial Revenues within 12 months 12
Slide 13: Tenguel Project
TENGUEL PROJECT BacTech is working to construct an owner operated Project Milestones 50 TPD toll processing bioleach facility in Tenguel, Ecuador. ✔ Bioleach Test Work The project is at an advanced stage and expected to ✔ Bankable Feasibility Study ✔ Land Acquisition begin construction once financin
Slide 14: Green Bonds
GREEN BONDS • BacTech to issue US$20M Green Bond for Ecuador project • US$15M for plant + US$5M for working capital • Recently engaged Sequestr (Toronto) to prepare the necessary documentation to be certified to issue green bonds • Also engaged Quito-based broker Analytica Securities to market US$20
Slide 15: Why Ecuador?
WHY ECUADOR? ✔ Providing environmentally friendly processing locally and with positive local economic impact as BacTech can offer much better prices to miners. ✔ Full support from the Ecuadorian Ministry of Artisanal and Small Miners and the Ministry of Mines. ✔ Potential to become a regional proces
Slide 16: Investment Protection Agreement
INVESTMENT PROTECTION AGREEMENT • Historic agreement signed on April 28, 2022, with the Government of Ecuador. • Covers up to US$75M in investment into Ecuador extending to any plant and operations expansions. • Under the IPA agreement specific protections relate to investor rights and guarantees su
Slide 17: Economic Sensitivity
ECONOMIC SENSITIVITY Au Price NPV (5%) IRR EBITDA $10.9M $1,600 USD $60.7M 58.0% Annually $11.9M $1,700 USD $68.0M 63.6% Annually $12.9M $1,800 USD $75.4M 69.3% Annually $13.9M $1,900 USD $82.7M 74.9% Annually $14.9M $2,000 USD $90.1M 80.5% Annually 17 BACTECHGREEN.COM
Slide 18: Tenguel Project – Phase 2
TENGUEL PROJECT – PHASE 2 • Part of the IPA was BacTech’s commitment to fund a second phase of the project • The technology is modular, so expansion is straight forward • Estimated CAPEX is US$60M, in addition to the US$15M for Phase 1 • Expected total production >100,000 oz. per annum • Total marke
Slide 19: Pyrrhotite Tailings Treatment
PYRRHOTITE TAILINGS TREATMENT SECOND OPPORTUNITY ~$20B of Nickel Ready for Recovery 19
Slide 20: Radio Hill Pilot Plant
RADIO HILL PILOT PLANT • From 1997 to 1999, BacTech demonstrated that bioleaching was effective at liberating nickel, cobalt and iron from pyrrhotite Metals Prices in 1995 tailings at the Radio Hill Pilot Plant. Nickel $5,000/t • At the time, the economics of the Cobalt $64,000/t technology led to t
Slide 21: Sudbury Basin Tailings
SUDBURY BASIN TAILINGS • BacTech has filed a provisional patent Project Milestones application for a novel bioleaching process relevant to the treatment of ✔ Provisional Patent Filed pyrrhotite tailings for iron and nickel- cobalt recovery. ✔ Stakeholder Identification • From 1997-1999, BacTech demo
Slide 22: Sudbury Basin Market Opportunity
SUDBURY BASIN MARKET OPPORTUNITY In the Sudbury basin of Ontario, there is a vast resource of approximately 80-100 million tonnes of 0.8% Ni-bearing Assumptions: Nickel $23,000 pyrrhotite tailings, which has been ~US$20B disposed of separately in shallow lakes since production began many years ago.
Slide 23: Investment Summary
INVESTMENT SUMMARY • One of 2 companies worldwide with commercial applications for bioleaching Market • Focused on high-arsenic gold concentrates produced by artisanal & small miners Position • Environmentally friendly process • EBITDA margin of 25-30% • Low CAPEX to EBITDA ratio Economics • ~US$60M
Slide 24: BacTech Environmental Corporation
CSE: BAC | OTCQB: BCCEF | FRA: 0BT1 | BACTECHGREEN.COM BacTech Environmental Corporation Suite 409, 37 King St. East Toronto, Ontario M5C 1E9 Ross Orr, President & CEO [email protected] Office: 416-813-0303 ext. 222 24
Slide 25: Appendix
} acTech En onmental APPENDIX 25
Slide 26: Tenguel, Ecuador Plant Flowchart
26 TENGUEL, ECUADOR PLANT FLOWCHART
Slide 27: Tenguel, Ecuador Plant Flowchart
27 TENGUEL, ECUADOR PLANT FLOWCHART
Slide 28: Tenguel, Ecuador Plant Flowchart
28 TENGUEL, ECUADOR PLANT FLOWCHART
Slide 29: Tenguel, Ecuador Plant Flowchart
29 TENGUEL, ECUADOR PLANT FLOWCHART
Slide 30: Tenguel, Ecuador Plant Flowchart
30 TENGUEL, ECUADOR PLANT FLOWCHART
Slide 31: Tenguel, Ecuador Plant Flowchart
31 TENGUEL, ECUADOR PLANT FLOWCHART
Slide 32: Tenguel, Ecuador Plant Flowchart
32 TENGUEL, ECUADOR PLANT FLOWCHART
Slide 33: BacTech Environmental Corporation
CSE: BAC | OTCQB: BCCEF | FRA: 0BT1 | BACTECHGREEN.COM BacTech Environmental Corporation Suite 409, 37 King St. East Toronto, Ontario M5C 1E9 Ross Orr, President & CEO [email protected] Office: 416-813-0303 ext. 222 33
BacTech Environmental — Investor Presentation (May 2023) on 6ix