Envirogold Global Limited Stock Price, News & Analysis

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.

EnviroGold Global has closed the first tranche of its non-brokered private placement, issuing 14,600,000 units at $0.05 per Unit for total proceeds of C$730,000. Each Unit includes one common share and one warrant, exercisable at $0.08 until April 30, 2026. A second tranche is expected by July 15, 2024. Proceeds will fund the NVRO Clean Leach Process facility in Brisbane, customer relationship development, and operational expenses.

Additionally, $500,000 of the facility's purchase price was settled via issuance of 10,000,000 Units to the equipment supplier. All issued securities are subject to a four-month hold period. Participation of $150,000 by company insiders was deemed a related-party transaction. No finder’s fees were paid. The expiry date of 6,218,095 outstanding warrants has been extended to October 22, 2026.

EnviroGold Global has acquired a metal processing plant from the Commonwealth Scientific and Industrial Research Organisation (CSIRO) in Perth, Australia. The plant includes advanced equipment such as mixed acid leach tanks and a Counter Current Decantation system. Originally designed for nickel and cobalt recovery, it will now be modified to demonstrate EnviroGold's Clean Leach Process at scale. Relocated to Brisbane, the plant can process up to 15 tonnes of tailings per day. This acquisition will accelerate EnviroGold’s market strategy by providing important operating data for Bankable Feasibility Studies, fostering commercial licence agreements. CEO David Cam noted the growing demand for tailings reprocessing and environmental remediation.

EnviroGold Global has announced the appointment of Paul McRae as an Independent Director. Mr. McRae brings 40 years of experience in mine project development, having led projects with over $1 billion in capital expenditures. His expertise will be important for EnviroGold's Clean Leach Technology commercialization.

EnviroGold Global has announced the filing of a new patent application, enhancing its NVRO Clean Leach Process for extracting metals from refractory ores. This patent application complements the Company's existing intellectual property protection, positioning it as a leader in the industry. The improved process includes enhanced catalyst recovery, reduced operational costs, and increased recovery of gold & silver. EnviroGold is also planning to build a demonstration plant in Brisbane, Australia, to test the NVRO Clean Leach Process, targeting major mining companies for commercial partnerships.

EnviroGold Global announced a non-brokered private placement to raise up to C$1,000,000 through unit offerings, each consisting of a common share and a warrant. The funds will support the construction of a demonstration plant in Australia and accelerate commercial decisions. Additionally, the company has engaged Sequoia Corporate Finance Pty. to secure a strategic investment.