Local News

A company is moving forward with a project in Snow Lake

Bac Tech Environmental Corporation has arranged a bridge loan that will enable it to complete its technical preparations for the Snow Lake project.  Bac Tech has signed a contract with the Manitoba Government to remediate an Arsenopyrite Residue Stockpile at the Snow Lake Mine to eliminate further leaching of arsenic generated within the stockpile into the surrounding watershed. The funds will be used to complete its front end engineering study which remains an integral part of the Snow Lake Project financing package.

             

Company President Ross Orr says they are pleased to have access to this capital to move the project ahead and they intend to repay the loan from proceeds of a project financing for the Snow Lake Project.

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