Envirogold Global Limited Stock Price, News & Analysis

EnviroGold Global Limited (OTCQB: ESGLF) is set to present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023, at 11:30 AM PST. CEO Dr. Mark Thorpe will lead the presentation and address audience questions afterwards. The event showcases innovative companies, emphasizing EnviroGold's commitment to a circular-resource economy and its role in mitigating mining waste's environmental impact while recovering critical metals.

For those interested in participating, 1x1 investor meetings can be scheduled, and registration is available through the showcase's website. If unable to attend live, webcasts of all presentations will be accessible online.

EnviroGold Global Limited (OTCQB:ESGLF) announced preliminary results from the Hellyer Project pilot plant test program. The tests confirm previous findings, indicating improved recovery rates for gold (82%) and silver (74%), surpassing earlier assessments (75% and 90%, respectively). The Hellyer Project demonstrates robust economics with projected free cash flow of CDN$271.8M at a US$1650/oz gold price and CDN$344.2M at US$1900/oz. CEO Dr. Mark Thorpe expressed enthusiasm for advancing the project and collaborating with partners. The focus now shifts to confirming the acid recycling process and evaluating downstream recovery capabilities.

EnviroGold Global has announced the commencement of a pilot program to optimize its patent-pending process for the Hellyer Tailings Reprocessing Project. Results from Phase 1 are expected in early Q1 2023, marking a crucial step towards full-scale implementation. The company aims to maximize metal extraction from tailings and confirm economic viability. Additionally, a Debt Settlement totaling US$231,835 will be settled through the issuance of 1,448,970 common shares at a deemed price of $0.21 per share, preserving cash for operational needs.

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.