An already compelling "Green mining" story in BacTech Environmental Corp. (BAC:CSE;BCCEF:OTCQB;OBT1:FRA) just got a whole lot better and potentially more explosive after Friday's close.
The main story you already know (or should.) If not — or for a refresher — you can watch my most recent profile update RIGHT HERE, where I visited several weeks ago with C.E.O. Ross Orr.
After the market close on Friday, BacTech ANNOUNCED a patent application filing (essentially global as a practical matter) that would particularly take its ongoing work in Canada a BIG step further.
As recently as that latest above-linked discussion, we brought you up to speed not only on near-term plans to begin construction of the company's plant in Ecuador but also on BacTech's work in the Sudbury Basin in Canada. Independent estimates suggest that as much as 100 million tonnes of tailings from past nickel (mostly) mining in this region exist; tailings where the company has confidence already that its processes can recover discarded metals such as arsenic, sulfur, etc., are mitigated.
However, intellectual property advances, and last week's filing by the company's V.P. Dr. Paul Miller suggests that considerable new ground is about to be plowed.
Beyond the company's already-known process to extract metals of most kinds from such material, it's now Dr. Miller's/management's contention--based on Dr. Miller's ongoing work--that much more can be accomplished via " . . . the inherent mechanisms of bioleaching."
"This process," notes the release, "aside from effectively extracting valuable metals like nickel, copper, and cobalt from pyrrhotite or pyrite tailings, uses eco-friendly technology and sustainable power sources to eliminate all waste during tailings reprocessing operations, delivering a first-ever zero-waste, low-carbon liberation, and extraction approach for valuable metals recovery." (Emphasis added.)
As Orr explained to me last night when we visited by phone, taking the bioleaching process to its conclusion can also lead to both iron recovery to be used in steel making and even an organic fertilizer product.
Indeed, Orr contends, as much as 90% of the total value in tailings materials such as those specifically at issue in Sudbury (which would probably have long since been deemed a "Superfund" area/story by the E.P.A. were it in the U.S.A.) could conceivably come from the iron and fertilizer production!
In his usual "Sunday Morning Coffee" missive a few hours ago, Orr added more color to all this, explaining it in layman's terms and further defining just how groundbreaking this all could prove to be (you can read that RIGHT HERE, AND I would urge you to sign up for Orr's mailing list to see these missives in the future.)
This is uber-exciting stuff, folks!
I'll have a more detailed follow-up in a few days.
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Important Disclosures:
- BacTech Environmental Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, BacTech Environmental Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of BacTech Environmental Corp.
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