EnviroGold Closes Oversubscribed $7.5 Million Placement on Strong Investor Demand

Core Viewpoint - EnviroGold Global Limited successfully closed an upsized non-brokered private placement of $7.5 million, reflecting strong institutional and strategic investor demand, which enhances the company's financial position and supports its commercialization efforts [1][2][4]. Financing Details - The private placement raised gross proceeds of $7,519,237 through the issuance of 83,547,080 units at a price of $0.09 per unit, with each unit consisting of one common share and one warrant [4]. - The offering was initially targeted at $5 million but was increased to $7 million due to exceptional investor interest, with the first tranche closing on October 1, 2025, for $2,201,276 and the second tranche on October 15, 2025, for $5,317,960 [5]. Use of Proceeds - Proceeds will be strategically deployed to advance technology development, engineering programs, and the commercial roadmap, focusing on: - Technology & Engineering: advancing detailed modeling and technical studies for client deployments and technology license agreements [6]. - Demonstration Plant Campaigns: executing optimization runs to validate and scale the NVRO Process™ to full commercial readiness [7]. - Debt Reduction: selectively retiring short-term obligations to enhance financial flexibility [7]. - Working Capital: supporting operational resilience and global partnership development [8]. Strategic Partnerships - The inclusion of Pala Investments, a respected global investment firm, is seen as a significant milestone, validating EnviroGold's vision and adding institutional depth to its shareholder base [3]. Company Overview - EnviroGold Global is a clean-technology company focused on recovering high-value metals from mine waste while reducing environmental liabilities, utilizing its proprietary NVRO Process™ for efficient, low-carbon extraction [13]. - The company operates under a capital-light technology licensing model, aiming to deliver recurring revenue and long-term shareholder value through innovation and environmental stewardship [14].