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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].
EnviroGold Increases Size of Previously Announced Non-Brokered Private Placement Due to Strong Investor Demand
Globenewswire· 2025-10-15 11:00
VANCOUVER, British Columbia, Oct. 15, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK), (“EnviroGold,” or the “Company”) is pleased to announce that, in response to strong investor demand, it has increased the size of its previously announced non-brokered private placement (the “Offering”). The Company now intends to raise gross proceeds of up to $7,000,000 through the issuance of units at a price of $0.09 per unit. On October 1, 2025, the Company closed the first tra ...
EnviroGold Closes First Tranche of Non-Brokered Private Placement and Confirms Strong Momentum Toward Final Tranche
Globenewswire· 2025-10-07 11:00
VANCOUVER, British Columbia, Oct. 07, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK), (“EnviroGold,” or the “Company”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the “Offering”). The Company issued an aggregate of 24,458,626 units (the “Units”) at a price of C$0.09 per Unit for gross proceeds of $2,201,276 under the first tranche. Each Unit consisted of one common share of the Company and o ...
EnviroGold Closes First Tranche of Non-Brokered Private Placement and Confirms Strong Momentum Toward Final Tranche
Globenewswire· 2025-10-07 11:00
Core Viewpoint - EnviroGold Global Limited has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of C$2,201,276 through the issuance of 24,458,626 units at a price of C$0.09 per unit, which reflects strong investor confidence in the company's technology and strategy [1][2][3]. Financing Details - The first tranche consists of units that include one common share and one transferable common share purchase warrant, allowing the holder to acquire an additional common share at C$0.13 for three years [2]. - The overall offering aims to raise C$5 million, with additional tranches already in progress [4][5]. Use of Proceeds - Proceeds from the first tranche will be allocated to enhance EnviroGold's technology platform, support commercial initiatives, reduce debt, and ensure operational resilience [4][8]. Investor Participation - Certain directors subscribed for a total of 923,185 units, contributing gross proceeds of C$83,086.65, which is classified as a related party transaction [7]. Regulatory Compliance - All securities issued are subject to a statutory hold period of four months and one day, expiring on February 2, 2026, in accordance with Canadian securities laws [6].
EnviroGold Global Announces Progress to Support U.S. Silver Supply Security with NVRO Process™
Globenewswire· 2025-10-02 11:05
VANCOUVER, British Columbia, Oct. 02, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global (“EnviroGold Global” or “the Company”) today announced its readiness to support the United States’ drive for silver supply security by deploying the Company’s proprietary NVRO Process™ to recover silver from U.S. mine tailings and other mine-waste streams. This announcement follows the U.S. Department of the Interior’s publication of the Draft 2025 List of Critical Minerals, which, for the first time, includes silver, elevating ...
EnviroGold Announces Non-Brokered Private Placement to Accelerate Growth
Globenewswire· 2025-09-15 22:35
Core Viewpoint - EnviroGold Global Limited is initiating a non-brokered private placement to raise up to C$5 million, reflecting growing investor confidence in its technology and strategy [1][3]. Group 1: Offering Details - The company plans to issue units at a price of C$0.09 per unit, with each unit consisting of one common share and one transferable common share purchase warrant [2]. - Each warrant allows the holder to acquire an additional common share at C$0.13 for three years from the closing date [2]. - The offering is expected to close on or before October 15, 2025, subject to regulatory approvals [5]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to enhance the technology platform and commercial roadmap, including completion of modeling, technical studies, and engineering reports [4][9]. - Funds will also support demonstration plant campaigns, debt reduction, and general working capital to ensure operational resilience [9]. Group 3: Company Overview - EnviroGold Global focuses on monetizing valuable metals from mine waste and tailings while reducing environmental liabilities [8]. - The company operates on a technology license fee model with low capital expenditure requirements, aiming to establish itself as a leading global technology company [8].
EnviroGold Global Retains Cantor Fitzgerald as Financial Advisor
GlobeNewswire News Room· 2025-08-14 10:30
Core Insights - EnviroGold Global Limited has engaged Cantor Fitzgerald Canada Corporation as its financial advisor to enhance its capital markets strategy and pursue strategic partnerships and licensing agreements [1][2][3] - The company specializes in reprocessing mine waste to recover valuable metals, aligning with the growing demand for precious and strategic metals while addressing environmental concerns [4] Company Overview - EnviroGold operates on a technology license fee model with low capital expenditure requirements, aiming to establish itself as a leading global technology company focused on shareholder value and recurring dividends [4] - The proprietary NVRO Process™ is central to the company's strategy, which is designed to monetize valuable metals from mine waste and reduce environmental liabilities [4] Strategic Initiatives - Cantor Fitzgerald will support EnviroGold in advancing its tailings reprocessing projects under the Rapid Deployment Pathway and in engaging institutional investors [2][3] - The collaboration is expected to enhance EnviroGold's execution across its strategic, operational, and capital markets initiatives, leveraging Cantor Fitzgerald's expertise in metals and mining [2][3]
EnviroGold Global: Unlocking America’s Critical Metals
Globenewswire· 2025-08-05 10:35
Core Insights - The U.S. Department of the Interior's Executive Order No. 3436 is a significant policy development that supports EnviroGold Global Limited's strategic growth and technology deployment in North America [1][2] - The NVRO Process™ is positioned to capitalize on the new U.S. policy framework, which aims to recover precious and critical metals from mine waste while promoting environmental sustainability [2][3] Company Overview - EnviroGold Global Limited specializes in reprocessing mine waste to recover valuable metals, operating on a technology license fee model with low capital expenditure requirements [4] - The company aims to establish itself as a leading global technology firm focused on shareholder value and recurring dividends [4] Regulatory Environment - The Executive Order streamlines permitting and fast-tracks regulatory approvals for projects recovering critical minerals from mine waste, treating them as environmental clean-up initiatives [6] - Financial incentives and funding mechanisms are available, including grants from the Abandoned Mine Land Economic Revitalization program and the Infrastructure Investment and Jobs Act [6] Competitive Advantages - The NVRO Process™ offers lower capital intensity compared to conventional mining operations, rapid deployment pathways, and substantial environmental benefits [7] - The scalable licensing business model allows for broad commercial reach with limited capital expenditure [7]
EnviroGold Global: Unlocking America's Critical Metals
GlobeNewswire News Room· 2025-08-05 10:35
Core Insights - EnviroGold Global Limited welcomes the U.S. Department of the Interior's Executive Order No. 3436, viewing it as a significant policy development that will enhance the company's growth and technology deployment in North America [1][2]. Company Overview - EnviroGold is a clean technology company focused on reprocessing mine waste to recover precious, base, and strategic metals, while also addressing environmental concerns through land reclamation and remediation [1][4]. - The company operates on a technology license fee model, which requires low capital expenditure and aims to establish itself as a leading global technology firm focused on shareholder value and recurring dividends [4][6]. Strategic Advantages - The NVRO Process™ is designed to unlock precious and critical metals from legacy mine waste and tailings, aligning with the U.S. government's intent to reindustrialize and secure critical mineral supply chains [2][4]. - The company has identified tailings assets in North America and is accelerating commercial deployment under the new regulatory framework [3][6]. Regulatory Support - The Executive Order facilitates streamlined permitting and fast-track regulatory approvals for recovering critical minerals from mine waste, treating such projects as environmental clean-up initiatives, which reduces regulatory burdens [5][6]. - Financial incentives and funding mechanisms are available, including grants from the Abandoned Mine Land Economic Revitalization (AMLER) program and the Infrastructure Investment and Jobs Act (IIJA) [5][6]. Environmental Impact - The NVRO Process™ offers substantial environmental benefits, including a reduced tailings footprint and improved site outcomes, contributing to better environmental outcomes [6].
EnviroGold Global Announces Digital Simulation Completion and Process Enhancements Delivering an Additional USD 232M Pre-Tax Life of Mine Cash Flow
Globenewswire· 2025-07-14 10:30
Core Insights - EnviroGold Global Limited has achieved a significant milestone in the development of its NVRO Process™, enhancing both economic and environmental performance through digital simulation [1][6][11] Financial Impact - The optimizations are projected to deliver an additional USD 232 million in pre-tax, life-of-mine cash flow, with a net present value (NPV10) of USD 140.6 million for a customer's tailings project [2][8] - Expected annual pre-tax income from these enhancements is estimated at USD 29 million, totaling USD 232 million over the project's 8-year life [6][8] Process Enhancements - Key improvements include a 35% reduction in feed volume and a 67.6% reduction in concentrate output, leading to significant cost savings in logistics and third-party processing [2][6][13] - Concentrate grades for gold and silver have increased by factors of 2.86 and 4.5, respectively, compared to previous studies, enhancing the value and marketability of the product [7][13] Operational Efficiency - The annual concentrate tonnage has decreased from 417.9 kt to 135.2 kt, representing a 67.6% reduction, which translates to savings of approximately USD 13.7 million in treatment and refining charges and USD 15.3 million in logistics costs [6][13] - The pre-concentration stage is expected to achieve an 85% gold recovery rate, with significant reductions in reagent, power, and consumables consumption anticipated [6][8] Sustainability and ESG Performance - The NVRO Process™ is expected to reduce water usage and lower greenhouse gas emissions, improving the company's environmental, social, and governance (ESG) performance compared to conventional mining methods [6][12] Future Plans - Minor modifications to the demonstration plant are underway to realize the benefits of the enhanced flowsheet, with a full demonstration campaign expected in Q3 2025 [9][10] - Following the demonstration campaign, the company plans to update its financial model for the NVRO Process™ in Q4 2025 [10]