EnviroGold Signs Revenue-Generating Contract, Second Client Commencing Expedited Deployment Pathway
EnviroGold Global (ESGLF) has signed an agreement with a leading North American mining company to implement its proprietary NVRO Expedited Deployment Pathway. The project, which marks EnviroGold's second revenue-generating client, is advancing through the feasibility study phase for the commercial deployment of the NVRO Process™.
The North American tailings resource targeted in the conceptual study is estimated to contain over 1.0 million ounces of gold-equivalent. Preliminary modeling indicates potential production of 100,000 ounces of gold-equivalent annually over an initial 12-year project life. The NVRO Process™ offers cost advantages as the tailings material has already been mined and milled, eliminating the need for new mining activities.
EnviroGold Global (ESGLF) ha firmato un accordo con una importante società mineraria nordamericana per implementare il suo esclusivo NVRO Expedited Deployment Pathway. Il progetto, che rappresenta il secondo cliente a generare ricavi per EnviroGold, sta avanzando nella fase di studio di fattibilità per l'implementazione commerciale del processo NVRO™.
La risorsa di sterili nordamericana oggetto dello studio concettuale è stimata contenere oltre 1,0 milioni di once equivalenti in oro. Le modellazioni preliminari indicano una potenziale produzione di 100.000 once equivalenti in oro all'anno per una durata iniziale del progetto di 12 anni. Il processo NVRO™ offre vantaggi economici poiché il materiale di sterili è già stato estratto e frantumato, eliminando la necessità di nuove attività minerarie.
EnviroGold Global (ESGLF) ha firmado un acuerdo con una destacada compañía minera de América del Norte para implementar su exclusivo NVRO Expedited Deployment Pathway. El proyecto, que representa el segundo cliente generador de ingresos para EnviroGold, avanza en la fase de estudio de factibilidad para el despliegue comercial del proceso NVRO™.
El recurso de relaves norteamericano objeto del estudio conceptual se estima que contiene más de 1,0 millones de onzas equivalentes de oro. Los modelos preliminares indican una producción potencial de 100,000 onzas equivalentes de oro anuales durante una vida útil inicial del proyecto de 12 años. El proceso NVRO™ ofrece ventajas de costos ya que el material de relaves ya ha sido extraído y molido, eliminando la necesidad de nuevas actividades mineras.
EnviroGold Global (ESGLF)는 북미의 선도적인 광산 회사와 독자적인 NVRO Expedited Deployment Pathway를 구현하기 위한 계약을 체결했습니다. 이 프로젝트는 EnviroGold의 두 번째 수익 창출 고객으로, NVRO Process™의 상업적 배치를 위한 타당성 조사 단계가 진행 중입니다.
개념 연구 대상인 북미 테일링 자원은 100만 온스 이상의 금 환산량을 포함하는 것으로 추정됩니다. 예비 모델링에 따르면 초기 12년 프로젝트 기간 동안 연간 100,000 온스의 금 환산량 생산이 가능할 것으로 보입니다. NVRO Process™는 테일링 자원이 이미 채굴 및 가공된 상태이므로 새로운 채굴 활동이 필요 없어 비용 면에서 이점이 있습니다.
EnviroGold Global (ESGLF) a signé un accord avec une entreprise minière nord-américaine de premier plan pour mettre en œuvre son NVRO Expedited Deployment Pathway propriétaire. Ce projet, qui représente le deuxième client générateur de revenus pour EnviroGold, progresse dans la phase d'étude de faisabilité pour le déploiement commercial du processus NVRO™.
La ressource de résidus nord-américaine ciblée dans l'étude conceptuelle est estimée contenir plus de 1,0 million d'onces équivalent or. Les modélisations préliminaires indiquent une production potentielle de 100 000 onces équivalent or par an sur une durée initiale de projet de 12 ans. Le processus NVRO™ présente des avantages de coût car le matériau de résidus a déjà été extrait et broyé, éliminant ainsi le besoin de nouvelles activités minières.
EnviroGold Global (ESGLF) hat eine Vereinbarung mit einem führenden nordamerikanischen Bergbauunternehmen unterzeichnet, um seinen proprietären NVRO Expedited Deployment Pathway umzusetzen. Das Projekt, das den zweiten umsatzgenerierenden Kunden für EnviroGold darstellt, befindet sich in der Machbarkeitsstudienphase für den kommerziellen Einsatz des NVRO Process™.
Die in der konzeptionellen Studie betrachtete nordamerikanische Tailings-Ressource wird auf über 1,0 Millionen Unzen Goldäquivalent geschätzt. Vorläufige Modellierungen deuten auf eine potenzielle Produktion von 100.000 Unzen Goldäquivalent pro Jahr über eine anfängliche 12-jährige Projektlaufzeit hin. Der NVRO Process™ bietet Kostenvorteile, da das Tailings-Material bereits abgebaut und aufbereitet wurde, wodurch neue Bergbauaktivitäten entfallen.
- Second revenue-generating client secured, validating NVRO Process™ technology
- Large resource potential with over 1.0 million ounces of gold-equivalent
- Significant production potential of 100,000 ounces gold-equivalent annually
- 12-year initial project life provides long-term revenue visibility
- Cost advantages due to pre-mined and milled material
- Project still in feasibility study phase with no guaranteed success
- Actual production figures and timeline not yet confirmed
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold,” or the “Company”), a clean technology company reprocessing mine waste to produce precious and critical metals whilst promoting environmental and social sustainability, is pleased to announce that it has signed an agreement dated May 22, 2025 with a leading North American mining company to commence the Company’s proprietary NVRO Expedited Deployment Pathway. The client’s tailings have been received, and the project is currently advancing through the feasibility study phase, targeting the commercial deployment of the NVRO ProcessTM.
Highlights:
- Second Revenue-Generating Client: EnviroGold’s second commercial client has entered the structured Expedited Deployment Pathway, reinforcing market momentum and validating the NVRO ProcessTM.
- Significant Tailings Resource: The conceptual study is targeting a North American tailings resource estimated to contain over 1.0 million ounces of gold-equivalent (Au-eq).
- Compelling Economic Potential: Preliminary modelling suggests the potential for gold-equivalent production exceeding 100,000 ounces per year over an initial twelve-year project life.
- Material Already Mined and Milled: The NVRO ProcessTM offers potential cost advantages compared to conventional mining as the tailings material has already been mined and milled, reducing the need for new surface or underground mining activities and material preparation.
About NVRO’s Expedited Deployment Pathway:
EnviroGold’s Expedited Deployment Pathway is a proprietary, standardised, templated business process designed to swiftly advance candidate tailings projects through three clearly defined phases:
- Phase 1 – Validation: Initial assessment, detailed comprehensive characterisation and sighter test work to confirm technical suitability.
- Phase 2 – Optimisation: Process refinement utilising Andritz IDEAS™ digital modelling, validated through targeted laboratory test work.
- Phase 3 – Demonstration: Real-world validation through processing at NVRO’s dedicated purpose-built demonstration plant, producing comprehensive technical data and sample product and waste streams to support potential inclusion in client bankable feasibility-level study (if required).
These three phases can typically be completed within six to nine months, at a cost significantly lower than conventional pilot plant-based feasibility approaches. The outputs include client specific technical reports and financial models that inform site-specific engineering and support future project deployment.
“Securing our second revenue-generating client marks another important milestone in advancing market adoption of the NVRO ProcessTM technology,” stated EnviroGold CEO David Cam. “Our structured approach enables us to efficiently guide tailings projects from initial validation through to feasibility assessment, helping shorten client timelines and deliver strong economic potential. We are excited to collaborate closely with this North American client to evaluate the commercial and environmental opportunities of their tailings resource as we continue demonstrating the broad value proposition of the NVRO ProcessTM.”
Corporate Update
The Company also announces that further to its previously announced debt settlement (the "Debt Settlement") it has settled debt in the aggregate amount of
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 regarding the Company’s business strategy, market positioning, anticipated operational and economic outcomes, project milestones, and other expectations or intentions that are not historical facts.
Often, but not always, forward-looking statements can be identified by the use of words such as “plans,” “expects,” “intends,” “anticipates,” “believes,” “may,” “will,” or similar terminology. These statements reflect management’s reasonable assumptions and expectations as of the date hereof, including but not limited to: the successful advancement of the NVRO ProcessTM through feasibility stages; the scalability and commercial viability of the technology; continued growth in the clean technology sector; and the Company’s ability to secure and execute commercial agreements.
Actual results may differ materially from those expressed or implied in forward-looking statements due to various risks and uncertainties, including but not limited to: technical challenges or delays; regulatory or permitting hurdles; fluctuations in commodity prices; the performance and market acceptance of the NVRO ProcessTM; and general economic or market conditions. Readers are cautioned that this list is not exhaustive.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors beyond the Company’s control. Readers should not place undue reliance on such statements. Except as required by applicable securities laws, EnviroGold undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or circumstances.
FAQ
What is the estimated gold resource in ESGLF's new North American project?
What is the expected annual production for EnviroGold's new project?
How long is the expected project life for ESGLF's new tailings project?
What competitive advantage does EnviroGold's NVRO Process offer?
How many commercial clients does EnviroGold Global (ESGLF) now have?
