Bactech Receives Water Use Authorization for Proposed Bioleach Plant in Snow Lake, Manitoba
04 Abril 2013 - 3:24PM
Marketwired Canada
BacTech Environmental Corporation ("BacTech" or the
"Company")(CNSX:BAC)(OTC:BCCEF) (WKN: A1H4TY) today announced that it has
received a Development Authorization for its application to divert and use water
from Snow Lake for industrial purposes.
The Water Use Licensing Section of Manitoba Conservation and Water Stewardship
has granted BacTech the rights to construct a pipeline from Snow Lake to the
bioleach plant site for use in its operations. BacTech will be responsible for
negotiating all legal rights, by ownership, lease rental or other agreement, for
the proposed pipeline route.
The authorization allows BacTech to proceed with construction of the proposed
water diversion and to operate it until the expiry of the date of the permit,
March 31, 2014. At that time, a license can be issued for a longer period of
time if the Licensing Section has confirmed that BacTech has complied with the
conditions of the Development Authorization.
BacTech also reports that it is making progress in arranging a suitable
financing for the proposed bioleach plant.
"It's a tough market for capital raising. Developments such as this approval
help push the project forward as we move toward financing and construction,"
said Ross Orr, President and CEO of BacTech.
BacTech profile
BacTech Environmental Corporation holds the perpetual, exclusive, royalty-free
rights to use the patented BACOX bioleaching technology for the reclamation of
tailings and mining waste materials. In December 2011, BacTech signed a contract
with the Mines Branch of the Manitoba Department of Innovation, Energy and Mines
to remediate an Arsenopyrite Residue Stockpile ("ARS") situated at the Snow Lake
Mine in Snow Lake, Manitoba, to eliminate further leaching of arsenic generated
within the ARS into the surrounding watershed. The Company continues to field
enquiries globally with respect to additional opportunities for remediation.
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FOR FURTHER INFORMATION PLEASE CONTACT:
BacTech Environmental Corporation
Ross Orr
President & CEO
416-813-0303 ext 222
info@bactechgreen.com
BacTech Environmental Corporation
Bill Mitoulas
Investor Relations
416-479-9547
billm@bactechgreen.com
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