Envirogold Global Limited Stock Price, News & Analysis

EnviroGold Global (ESGLF) has successfully closed an oversubscribed non-brokered private placement, raising CAD $4.1 million in gross proceeds. The financing consisted of 4,119 units at CAD $1,000 per unit, comprising convertible notes and warrants. The notes mature in 18 months with a 10% annual interest rate and are convertible to common shares at CAD $0.06 per share.

The warrants allow holders to acquire shares at CAD $0.08 per share within 24 months. Finder's fees of $178,910 and 3,149,073 finder warrants were issued. The proceeds will fund the NVRO Clean Leach Process demonstration facility and advance customer relationships.

Additionally, the company appointed John Brabazon to its Board of Directors. Brabazon brings 40 years of capital markets experience and has served on notable boards including Auckland International Airport and the Accident Compensation

EnviroGold Global (OTCQB: ESGLF) has announced an increase in its previously announced non-brokered private placement financing to raise up to CAD $4 million in gross proceeds due to increased investor interest. The offering consists of up to 4,000 units priced at CAD$1,000 per unit.

Each unit includes an unsecured convertible note with a principal amount of CAD$1,000 and 11,112 common share purchase warrants. The company, which specializes in technology enabling the mining industry to monetize metals from mine waste and tailings, maintains all other terms from its December 19, 2024 announcement.

EnviroGold Global (ESGLF) has announced a non-brokered private placement financing to raise up to CAD$2,500,000 through the issuance of up to 2,500 units at CAD$1,000 per unit. Each unit includes convertible notes and 11,112 warrants. The notes, maturing in 18 months, will bear 10% annual interest and are convertible to common shares at CAD$0.06 per share. Warrants are exercisable at CAD$0.08 per share within 24 months.

The company has secured a lead order from a strategic partner in Australia. The funds will be used to complete a demonstration plant in Perth, which will serve as a testing hub for mining companies to evaluate the company's tailings processing technology. The financing will also support business development and working capital needs.

EnviroGold Global (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) has closed the final tranche of its upsized non-brokered private placement, raising $865,545 by issuing 17,310,900 units at $0.05 per unit. Each unit includes one common share and one warrant exercisable at $0.08 until April 30, 2026. The total gross proceeds from the financing reached $2,244,279.

The company plans to use the funds to accelerate the establishment of its NVRO Clean Leach Process demonstration facility and advance revenue-generating customer relationships. CEO David Cam highlighted the technology's potential to enhance sustainable mining practices by reducing acid-generating mine waste and recovering valuable metals. The demonstration plant is set to begin testing with two prospective clients in October 2024, with results expected late 2024.

EnviroGold Global (CSE: NVRO | OTCQB: ESGLF) has appointed Grant Freeman as Chief Operating Officer, effective immediately. With over 20 years of experience in mining and finance, Freeman brings valuable expertise to the company's mission of monetizing metals from mine waste and tailings while reducing environmental liabilities. His background includes serving as CEO of Los Calatos Holding and Managing Director for Mining Investment Banking Groups.

Freeman's appointment comes as EnviroGold prepares for its first commercial scale customer tailings testing at a new demonstration plant. CEO David Cam emphasized that Freeman's leadership will be important in commercializing the EnviroGold Clean Leach Process, which aims to recover metals and rehabilitate acidic mine tailings, promoting sustainable mining practices.

EnviroGold Global (CSE: NVRO | OTCQB: ESGLF) has announced key developments in its mission to monetize valuable metals from mine waste and tailings. The company has appointed Royston Denysschen as Commercial Director, bringing over 25 years of experience in metals and minerals trading. EnviroGold's demonstration plant, acquired from CSIRO, is being commissioned ahead of schedule and under budget, with customer tailings processing expected to begin soon.

The company has expanded its Clean Leach Technology capabilities to include a broader range of metallurgical types and targeted metals, now covering Massive Sulphide deposits in addition to Volcanogenic Massive Sulphides. EnviroGold is also developing the ability to produce high-grade iron products from tailings. The company is in discussions with potential customers regarding this enhanced technology, which could benefit iron ore miners, steel companies, and metal trading houses.

EnviroGold Global (CSE: NVRO | OTCQB: ESGLF) has provided a corporate and operational update. The company is commissioning a demonstration plant for its NVRO Clean Leach Process, which is running ahead of time and under budget. EnviroGold has appointed key consultants to ensure successful commercialization and has raised $1,378,764 in a private placement. The company is in discussions with potential strategic partners and has increased customer engagement. EnviroGold's top 11 target customers represent a US$5.1 billion revenue opportunity. The company has engaged Deloitte for securing government grants and analyzing environmental benefits. EnviroGold has also launched NVRO TV for corporate updates.

EnviroGold Global (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) has closed the third tranche of its non-brokered private placement, raising $536,734 by issuing 10,734,680 units at $0.05 each. The total raised across three tranches is now $1,378,734, with the financing size increased to $2,000,000 due to investor interest. Funds will be used to demonstrate the NVRO Clean Leach Process at commercial scale and advance customer relationships.

The company is progressing with its demonstration plant commissioning ahead of schedule and under budget. EnviroGold has also finalized its commercial license terms and initiated a project to quantify the environmental and financial benefits of its technology for mining companies, including potential reductions in liabilities and access to better ESG ratings.

EnviroGold Global (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) has successfully closed the second tranche of its $1,000,000 non-brokered private placement. The company issued 2,240,000 units at $0.05 per unit, raising C$112,000. Each unit includes one common share and one warrant to purchase an additional share at $0.08 until April 30, 2026. Combined with the first tranche, EnviroGold has raised $842,000 in total. Due to sustained investor interest, the company has increased the offering size to $2.0 million. Proceeds will expedite the establishment of the NVRO Clean Leach Process demonstration facility in Brisbane, Australia, advance customer relationships, and cover general operating expenses. All securities are subject to a statutory hold period of four months and one day.