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EnviroGold Global Limited develops clean-technology systems for recovering precious, base, and critical metals from mine waste and tailings. Company news centers on the proprietary NVRO Process™, commercial deployment initiatives, technology licensing, strategic partnerships, and project assessment work with mining companies and tailings owners.
Recurring updates also cover the Rapid Deployment Pathway used to evaluate tailings opportunities, centralized critical minerals hub strategy, technical test work, warrant exercises and other capital actions, exchange-listing developments, governance changes, and operating or financial results tied to the company's commercialization platform.
EnviroGold Global Limited (OTCQB: ESGLF) updates on its Hellyer and Buchans Tailings reprocessing projects. The Hellyer project has achieved progress, with a profit-sharing agreement allowing 50% of pre-tax profits up to $24M/year, and strong recovery rates of gold (~80%) and silver (~90%). In Buchans, historical data suggest significant undiscovered tailings, with up to 12 million tonnes yet to be identified. The company anticipates announcing additional agreements for new projects in 2022, aiming for initial metal production at Hellyer by year-end.
EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) announced the appointment of Mr. Philip Creagh to its Board of Directors effective May 16, 2022. With extensive legal expertise in contract negotiation and project finance, Creagh's addition aims to strengthen the company’s governance and strategic insight. EnviroGold is focused on reprocessing mine waste to recover metals sustainably, targeting significant market opportunities. The company expects to initiate production of precious and clean energy metals in 2022 and aims for seven major projects in production by 2025.
EnviroGold Global Limited (OTCQB: ESGLF) has signed a Memorandum of Understanding (MoU) with Sedgman Pty Limited to advance the Hellyer Tailings Reprocessing Project in Tasmania. This project aims to recover metals like gold and silver from the tailings, which contain an estimated 634,000 oz of gold and 22.9 million oz of silver. The collaboration is set to leverage Sedgman’s 40 years of experience to accelerate the project’s implementation. The company targets production of metals with a significantly reduced carbon footprint compared to traditional methods.
EnviroGold Global has successfully closed the 3rd and final tranche of its equity private placement, raising a total of C$5,098,837.08. The oversubscribed offering demonstrates investor confidence in the company's innovative approach to sustainable metal production. A total of 12,436,188 units were issued at C$0.41 each, with accompanying purchase warrants exercisable for C$0.48. The proceeds will support EnviroGold's mission to transform mining waste into valuable resources while aiming for lower environmental impacts. The company is also advancing several major projects expected to commence production of various metals by 2025.
EnviroGold Global has appointed Bruce Higson-Smith to the Board of Directors, effective May 16, 2022. With over 40 years in mining and capital markets, including significant roles in corporate strategy and M&A at Golden Star Resources, he brings extensive expertise to the company. This follows the planned retirement of Sean Foley, a founding member, who contributed to the company’s growth and market listing. EnviroGold focuses on reprocessing mine waste to recover metals, aiming to produce with a significantly reduced environmental footprint.
EnviroGold Global announced the closing of the 2nd tranche of its equity private placement, raising C$4,867,527.29. The private placement, executed amidst market uncertainty, reflects strong investor confidence in the company's Clean Technology model focused on producing Metals Without Mining. The issuance included 11,870,018 units at C$0.41 each, with warrants exercisable at C$0.48 for one year. The company aims to begin production at its Hellyer Tailings Reprocessing Project in Q4 2022, with plans for seven projects in commercial production by 2025.
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