EnviroGold Global Announces Appointment of Paul McRae as Non-Executive Chair

Rhea-AI Summary

EnviroGold Global (ESGLF) has appointed Paul McRae as Non-Executive Chair effective May 1, 2025, while former Chair Allan Bezanson transitions to Non-Executive Director. McRae, who joined the board in May 2024, brings over 40 years of global mining experience in project development and holds a B.A.Sc. in Mining Engineering from Queen's University.

This leadership change comes as EnviroGold shifts focus from technology development and capital markets to commercial execution and customer engagement. Under Bezanson's leadership since August 2022, the company strengthened its technology platform and positioned itself as a leader in sustainable resource recovery. Bezanson will remain active in shareholder communications and capital markets strategies while serving on key Board committees.

Positive

• Appointment of seasoned mining veteran Paul McRae with over 40 years of experience in billion-dollar project development
• Strategic shift towards commercial execution and revenue generation phase
• Continuity maintained through former Chair's transition to Non-Executive Director role

Negative

• None.

TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold,” or the “Company”), a clean technology company unlocking significant value from mine waste and tailings while promoting environmental and social sustainability, is pleased to announce the appointment of Mr. Paul McRae as Non-Executive Chair (the “Chair”) of the Board effective May 1, 2025. The Company also announces the transition of Mr. Allan Bezanson from Chair to Non-Executive Director.

As the Company transitions from a focus on technology development and capital markets initiatives to commercial execution and active customer engagement, the Board has determined that appointing a seasoned mining industry veteran is a strategic and timely step to support the Company’s next phase of growth. This leadership evolution represents a natural progression in the Company’s growth trajectory, building on the significant achievements of Mr. Bezanson. His contributions have been instrumental in reaching this inflection point, and his continued involvement will ensure essential continuity and strategic insight as the Company enters a new phase centered on operational maturity and revenue generation..

Mr. Bezanson has served as Chair since August 2022 and played a pivotal role in guiding EnviroGold through a period of strategic transformation. Under his leadership, the Company strengthened its technology platform, deepened investor engagement, and positioned itself as a leader in sustainable resource recovery. While stepping down as Chair, Mr. Bezanson will remain an active Board member, contributing to shareholder communications, capital markets strategies, and participating in key Board committees.

“It has been a privilege to serve as Chair during such a transformative time in EnviroGold’s journey,” said Mr. Bezanson. “I’m excited to continue supporting the Company’s growth and success as we deliver world-class solutions to the mining industry. I have full confidence in Paul’s leadership and look forward to working alongside him in this next phase.”

The Company welcomes Mr. Paul McRae, a highly respected mining industry executive as its new Chair. Mr. McRae brings over 40 years of global experience in mine project development, having led the successful execution of multiple billion-dollar projects through all phases of development. His expertise spans governance, strategic partnerships, health and safety, and project execution. He holds a B.A.Sc. in Mining Engineering from Queen’s University in Ontario and served in senior leadership and board roles at several global resource companies. Mr McRae was first appointed to the Company’s Board in May 2024 and brings valuable insight from his directorships of publicly listed mining companies over the years

“I’m honoured to take on the position of Chair of EnviroGold at such a dynamic and promising stage,” said Mr. McRae. “The Company’s technology and vision are reshaping the future of sustainable mining. I look forward to working with the Board and executive team to advance our mission, enhance stakeholder value, and scale the business globally.”

David Cam, Chief Executive Officer of EnviroGold Global, commented: “I want to sincerely thank Allan for his outstanding contribution to the Company. His strategic vision and leadership have been critical to our success to date, and I look forward to his continued involvement as a key advisor and Board member. I am equally enthusiastic about the next chapter with Paul as Chair; I believe his mining industry experience and operational insight will be pivotal as we expand commercial activities and deliver long-term value.”

The appointment of Mr. McRae reflects EnviroGold’s commitment to strong governance, innovation, and long-term value creation. Together, Mr. McRae and Mr. Bezanson bring decades of proven leadership and deep sector expertise that will further accelerate the Company’s mission to transform mine waste reclamation and promote environmental stewardship.

About EnviroGold Global
EnviroGold Global is a technology company enabling the global mining industry to monetise valuable metals from mine waste and tailings and reduce environmental liabilities. EnviroGold’s proprietary technology is at the leading edge of demand for precious and critical metals and greater social demand for better environmental outcomes. The Company operates on a technology licence fee model with low capex requirements and intends to establish itself as a leading global technology company focussed on shareholder value.

CONTACTS:

Investor Cubed
Neil Simon, CEO
+1 647 258 3310
nsimon@investor3.ca
ir@envirogoldglobal.com

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements include, without limitation, statements with respect to financial guidance, economic and operational outlooks, anticipated capital expenditures, business strategy, future plans, market positioning, and other expectations or intentions of the Company that are not historical facts.

Often, but not always, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations of such words and phrases, or statements that certain actions, events, or results “may”, “could”, “would”, “might” or “will” be taken, occur, or be achieved.

These statements are based on management’s reasonable assumptions and expectations as at the date hereof, including but not limited to: the Company’s continued ability to operate as a going concern; the sustained commercial viability and growth of the clean technology and mining waste reprocessing sector; ongoing regulatory support; continued development of the Company’s proprietary technologies; successful execution of its business model; and favourable market conditions for critical and precious metals.

Actual results may differ materially from those expressed or implied by such forward-looking statements due to a range of risks and uncertainties, including but not limited to: the Company’s potential inability to continue as a going concern; delays or failures in technology development or implementation; regulatory changes or delays; failure to obtain or maintain required permits or approvals; inaccurate metallurgical recovery estimates; volatility in metals markets; global economic or political instability; increased competition; and limitations on financing or strategic partnerships.

Readers are cautioned that the foregoing list is not exhaustive. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors, many of which are beyond the Company’s control. Readers should not place undue reliance on such statements.

Except as required by applicable securities laws, EnviroGold Global undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, or to explain any material differences between subsequent actual events and such forward-looking statements.

FAQ

Who is the new Chairman of EnviroGold Global (ESGLF)?

Paul McRae was appointed as Non-Executive Chair of EnviroGold Global effective May 1, 2025. He brings over 40 years of global mining experience and has been on the company's board since May 2024.

What happened to EnviroGold's (ESGLF) previous Chairman?

Allan Bezanson, who served as Chair since August 2022, has transitioned to the role of Non-Executive Director and will continue to be involved in shareholder communications and capital markets strategies.

What is EnviroGold Global's (ESGLF) new business focus?

EnviroGold is transitioning from technology development and capital markets initiatives to focus on commercial execution and active customer engagement in the mine waste and tailings recovery sector.

What experience does Paul McRae bring to EnviroGold (ESGLF)?

Paul McRae brings over 40 years of global experience in mine project development, having led multiple billion-dollar projects. He holds a B.A.Sc. in Mining Engineering from Queen's University and has expertise in governance, strategic partnerships, and project execution.