Envirogold Global Limited Stock Price, News & Analysis

EnviroGold Global has filed a patent for its NVRO Process, a breakthrough technology designed to recover precious metals from refractory ores while neutralizing waste's acid-forming potential. The process aims to tap into the vast resources present in over 280 billion metric tonnes of mine tailings, valued at more than US$3.4 trillion. The NVRO Process operates at lower temperatures and pressures than traditional methods, significantly cutting capital and operational expenses while enhancing environmental outcomes. The first application will be at the Hellyer Tailings Project, projected to generate around 965,000 gold-equivalent ounces over eight years.

EnviroGold Global Limited (OTCQB: ESGLF) has expanded its intellectual property portfolio by acquiring 20 patents, enhancing its CleanTech capabilities. This includes technology for effective metal recovery and environmental remediation. Notably, the Hellyer Tailings Project demonstrates gold recovery rates exceeding 80% and silver recovery rates over 90%, projected to yield approximately 965,000 gold-equivalent ounces over 8 years, with an estimated after-tax cash flow of US$ 350 million. The newly acquired CleanTech IP aims to address critical environmental concerns, including the removal of PFAS.

On November 4, 2022, EnviroGold Global Limited announced that its founder and Executive Director, David Cam, acquired 1,000,000 common shares in a private transaction at a premium to market value. This purchase demonstrates Cam's strong belief in the company's growth potential and his commitment as a significant shareholder. EnviroGold focuses on environmentally friendly reprocessing of mine waste to recover valuable metals, with an estimated $3.4 trillion in metal value in global tailings. The company is targeting production of multiple metals by 2025.

EnviroGold Global Limited (OTCQB: ESGLF) announced a National Instrument 43-101 Technical Report detailing the Hellyer Tailings Reprocessing Project. The report estimates 9M tonnes of tailings with 965,000 oz AuEq. It projects an after-tax NPV of US$175M, IRR of 66%, and net cash flows of US$350M over 8 years. The project's all-in sustaining cost is US$1,127/oz, below the industry average. The company expects to enhance its resource status through further studies, aiming to capitalize on the significant value locked in historical tailings while maintaining an environmentally sustainable approach.

EnviroGold Global Limited (OTCQB: ESGLF) has announced promising results from an economic assessment of its Hellyer Tailings Project in Tasmania, Australia. Key highlights include:

• Total tailings feed of 9 million tonnes
• Estimated gold equivalent of 965,000 ounces
• After-tax NPV of $175 million
• IRR of 66%
• Projected cash flows of $350 million over eight years
• All-in sustaining costs of $1,127 per ounce, lower than industry average

The NI 43-101 Technical Report will be filed within 45 days.

EnviroGold Global Limited (OTCQB: ESGLF) announced the appointment of Mr. Allan Bezanson as Independent Chair of the Board, effective September 1, 2022. Bezanson brings over 35 years of experience in high-growth companies. Concurrently, founder David V. Cam transitions from Executive Chair to Executive Director to enhance board governance. The company also updated on the Hellyer Tailings Reprocessing Project, noting a delay in initial production to Q2 2023 while engaging in advanced discussions for a third-party pilot to improve project financing and validate proprietary recovery technology.

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.