BMC was founded in 1988, with its origin in Western Australia, incorporated in Ontario, Canada in mid 1997, and went public in September of the same year. In 2010 BacTech Mining Corporation changed its name to REBgold Corporation under the above-noted Plan of Arrangement, and will continue to use bioleaching technology to identify mining assets where its’ technology can be employed.
REBgold owns proprietary bacterial oxidation technology that liberates precious and base metals from difficult-to-treat sulphide ores and concentrates. Bacterial oxidation is a safe and environmentally-friendly process. It has the advantage of improving metal recovery at significantly lower capital and operating costs when compared to traditional treatment methods of smelting, roasting and pressure oxidation. REBgold is the only company in the world that has commercially-proven bioleaching technology for gold and for base metal separation.
As part of the Plan of Arrangement, REBgold and BEC entered into an agreement whereby REBgold licensed its bioleaching technology to BacTech Environmental to be used perpetually, exclusively, and royalty free, in the remediation of mine tailings. Recently, BacTech and REBgold agreed to let BacTech have access to the technology for mining-related projects in exchange for a 1% net smelter royalty (“NSR”). This was done to allow BacTech to process ore from artisanal miners in South America who have historically been using mercury to recover gold.
BacTech Environmental will now focus its strategy on environmental remediation services to address the worldwide arsenic problem. This decision was based on the global demand for the remediation of mining areas and the benefit of owning equity interests in such projects, versus the external licensing of the bioleaching technology.
BacTech Environmental will strive to secure an equity position in each project, which will be augmented by additional cash flow related to metal recovery. Where possible, the Company will partner with national and local governments, and non-governmental organizations, to fund portions of the projects.
RESEARCH AT LAURENTIAN UNIVERSITY
Spearheaded by Dr. Nadia Mykytczuk at Laurentian University, our test work is carried at laboratories in Sudbury, Ontario. This partnership is supported through government grants from the Natural Sciences and Engineering Research Council and the Ontario Centres of Excellence and is invaluable to the work we do.
Mining will continue as we need metal in our day to day lives. As a result there will always be a need to conduct mining as responsibly as possible. Unsafe mining methods increasingly lead to the degradation of the environment and health of living beings: we saw a need for a paradigm shift away from traditional mining practices. Bandaid methods to treat mine tailings aren’t effective long term and large quantities of metals go unrecovered. Our solution to these problems uses nature’s bugs: bacteria that does the job of recovering metals and healing the environment.
The bugs we use are 100% naturally occurring and completely safe for living beings and the environment. Our practices lead to the permanent elimination of acid rock drainage and all by-products are chemically stable. Furthermore - the metals we produce don’t require new mining operations.
We work with local stakeholders through all our projects. Typically, locals end up being the ones most negatively impacted by bad mining practices. We commit to ensuring that the lasting benefits of our operations are shared with the local communities.
We use bioleach technology to recover metals from an environmental clean up.. No one else is doing what we’re doing. Spearheaded by Dr. Nadia Mykytczuk, our test work is carried out at the Goodman School of Mines at Laurentian University in Sudbury, Ontario. This partnership was facilitated by Ontario Genomics and is invaluable to the work we do.