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EnviroGold Signs Revenue-Generating Contract, Second Client Commencing Expedited Deployment Pathway
Globenewswire· 2025-05-27 11:00
Core Viewpoint - EnviroGold Global Limited has signed an agreement with a leading North American mining company to initiate its proprietary NVRO Expedited Deployment Pathway, advancing the feasibility study phase for commercial deployment of the NVRO Process [1][4]. Group 1: Project Details - The NVRO Expedited Deployment Pathway is a standardized business process designed to expedite tailings projects through three phases, typically completed within six to nine months at a lower cost than conventional methods [3]. - The project targets a North American tailings resource estimated to contain over 1.0 million ounces of gold-equivalent (Au-eq) [6]. - Preliminary modeling suggests potential gold-equivalent production exceeding 100,000 ounces per year over an initial twelve-year project life [6]. Group 2: Economic and Environmental Impact - The NVRO Process offers potential cost advantages as the tailings material has already been mined and milled, reducing the need for new mining activities [6]. - The structured approach of the NVRO Process helps shorten client timelines and demonstrates strong economic potential [4]. Group 3: Corporate Update - The company has settled debt amounting to $25,000 in exchange for 250,000 common shares at a price of $0.10 per share, with a hold period expiring on September 21, 2025 [5].
EnviroGold Advances NVRO Process™ Toward Commercialisation
Globenewswire· 2025-05-15 11:00
Core Insights - EnviroGold Global Limited is advancing its proprietary NVRO Process™ towards commercialization, supported by independent validation and digital optimization [2][10] - The company has established strategic partnerships with industry leaders, enhancing its operational capabilities and market readiness [2][6] Operational Highlights & Strategic Milestones - Significant process enhancements achieved through IDEAS™ Digital Optimisation in collaboration with Andritz Group, leading to reduced CAPEX and OPEX, streamlined logistics, and lower environmental impact [3] - The company has expanded its global IP protection through a Patent Cooperation Treaty (PCT) filing, strengthening its intellectual property portfolio [3] - The demonstration plant, commissioned in 2024, is being modified for optimized operations, with client-tailings campaigns scheduled for Q3 and Q4 of 2025 [4] Technology Development - The NVRO Process™ has been digitally modeled for predictive simulation and performance benchmarking, enabling future capabilities such as AI-enhanced remote operations and carbon monitoring [5] - The strategic alliance with Fraser Alexander allows for turnkey, on-site deployment of tailings reprocessing solutions [6] Client Engagement & Market Strategy - Initial desktop reviews for multiple high-quality prospective clients have been completed, with the company initiating a standardized project assessment framework that is expected to take approximately 36 weeks [7] - The company aims to unlock stranded value from legacy tailings and support environmental remediation objectives for mining companies facing ESG scrutiny [9] Future Outlook - The ongoing work program for 2025 includes the appointment of a Tier-One engineering firm for a comprehensive techno-economic study and the acceleration of the deployment plan [9] - The company is positioned to support a new era of "metals without mining," focusing on incremental returns and reduced environmental impact [10][11]