Core Insights - BacTech Environmental Corporation is restructuring an existing convertible debenture to strengthen its balance sheet and support its capital raise for the Ecuador bioleach facility and Zero-Tailings initiatives [1][2] Financial Restructuring - In March 2025, BacTech reached an agreement to potentially eliminate approximately US$1.8 million in convertible debt through a two-tiered conversion structure, simplifying the arrangement to reduce dilution and forgive a substantial portion of the debt [2] - The debenture holder will convert US$950,000 of principal into 19,000,000 common shares and receive 19,000,000 three-year common share purchase warrants, exercisable at US$0.15 per share [5] - The remaining US$850,000 of debt will be forgiven in exchange for a 1% royalty on the Company's projects [5] Company Overview - BacTech Environmental Corporation focuses on commercializing proprietary bio-oxidation (bioleaching) processes for the sustainable treatment of toxic, arsenic-bearing concentrates and mine tailings [3] - The flagship Tenguel–Ponce Enriquez bioleach plant in Ecuador is designed to process high-arsenic gold concentrates while generating strong economic returns and measurable social and environmental benefits [3] - The Company is advancing its Zero-Tailings initiative in Sudbury, Canada, aimed at recovering critical minerals and creating valuable by-products from pyrrhotite tailings [3]