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EnviroGold Closes Oversubscribed $7.5 Million Placement on Strong Investor Demand
Globenewswire· 2025-10-20 10:30
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].
MTM Critical Metals Secures Supply Agreement for E-Waste and Announces Breakthrough Recovery of Ultra-High-Grade Gold and Other High-Value Metals from E-Scrap
Prnewswire· 2025-04-09 13:00
Core Insights - MTM Critical Metals has achieved a breakthrough in sustainable metal recovery, extracting ultra-high-grade gold at 551 g/t and other valuable metals from electronic waste [1][2] - The company has signed a Letter of Intent for a five-year supply agreement with Dynamic Lifecycle Innovations, ensuring a minimum supply of 700 tons per annum of E-Scrap [1][3] Technology and Recovery Process - Utilizing proprietary Flash Joule Heating (FJH) technology, the company recovered gold and silver concentrations of 551 g/t and 2,804 g/t respectively, with copper recovery at 42% [2] - The recovery process is efficient, achieving over 95% recovery of gold and titanium, and more than 90% recovery of silver, tin, and zinc into water-soluble metal chlorides, without toxic waste [2] Supply Agreement and Commercialization - The long-term supply agreement with Dynamic Lifecycle Innovations is crucial for ensuring a consistent feedstock supply, which is fundamental for the commercial rollout of the technology [3][4] - The agreement is seen as a pivotal milestone in the company's commercialization journey, providing both technology and supply chain support for future strategic partnerships [4] Company Background - MTM Critical Metals is based in Perth, Western Australia, and Houston, Texas, specializing in advanced metal recovery technologies [4] - The company’s U.S. subsidiary, Flash Metals USA, holds exclusive licensing rights to the innovative Flash Joule Heating technology developed by Rice University [4] - MTM also possesses exploration assets for niobium, rare earth elements, and gold, located in Western Australia and Quebec [4]