On April 9, 2022, BacTech intends to close on its 100-acre (40 ha) property in Tenguel. Sitting adjacent to Ponce Enriquez, the property is well-situated to meet the needs of the 90+ area mining cooperatives and companies which will supply and feed BacTech's proposed processing plant. BacTech is planning to build a new owner-operated bioleaching facility in Tenguel, near Ponce Enriquez, Ecuador, in a region where arsenic is associated with gold ore (Arsenopyrite).

The Company's plan is to build a 50 tpd bioleach plant capable of treating high gold/arsenic material. A 50 tpd plant, processing feed of 1.75 ounces of gold per tonne, similar to feeds available to the Company from local miners, would produce approximately 31,000 ounces per year. Plant designs are modular and can be expanded without affecting ongoing production.

The total concentrate market in the Ponce Enriquez area is estimated to be between 200 and 250 tonnes per day, allowing for increased throughput potential with a larger plant.