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09/15/2025 – 06:35 PM
VANCOUVER, British Columbia – EnviroGold Global Limited (OTCQB: ESGLF), a cleantech innovator focused on transforming mine waste into valuable metal resources, announced today a non-brokered private placement aiming to raise up to C$5 million. The offering, structured around the issuance of units priced at C$0.09 each, represents a strategic move to bolster the company’s technological advancement and commercial expansion.
Each unit comprises one common share of EnviroGold and one transferable common share purchase warrant. The warrants provide an opportunity for additional investment, allowing holders to acquire one further common share at a price of C$0.13 within a three-year period from the initial tranche closing date. This structure offers investors both immediate equity and a future stake in the company’s potential upside.
“This private placement is a crucial step in accelerating our strategic roadmap,” commented a company spokesperson. “The capital will fuel critical technical studies, enhance our NVRO Process™ demonstration plant campaigns, reduce debt, and fortify our working capital position, ensuring we’re well-positioned to capitalize on growing demand for sustainable resource recovery.”
The company has already secured significant lead orders, signaling strong investor confidence in EnviroGold’s approach and its proprietary NVRO Process™ technology. This technology aims to remediate environmental liabilities associated with mine waste by extracting valuable metals and minerals.
*Strategic Allocation of Funds: A Deep Dive*
EnviroGold plans a targeted allocation of the raised capital:
* *Technology & Engineering:* Funds will support comprehensive modeling, advanced technical studies, and detailed engineering reports aimed at optimizing the NVRO Process™. This includes pilot-scale testing and refinement of extraction methods for diverse ore types.
* *Demonstration Plant Campaigns:* A significant portion will be dedicated to operational programs for the NVRO Process™ demonstration plants. These campaigns are critical for accelerating the technology’s path to full-scale commercialization, attracting potential licensing partners and de-risking the deployment of NVRO Process™ at commercial scale
* *Balance Sheet Management:* Targeted repayment of short-term obligations is planned to strengthen the balance sheet and reduce financial vulnerabilities.
* *Working Capital:* Ensuring sufficient working capital to maintain operational flexibility and support anticipated growth.
The offering is slated to close in tranches on or before October 15, 2025, pending regulatory approvals, including acceptance by the Canadian Securities Exchange. All securities issued will be subject to a standard four-month hold period. Finder’s fees may be paid in cash and/or warrants.
*Insider Participation and Governance Considerations*
Importantly, certain EnviroGold directors and officers may participate in the offering, which would classify their involvement as a “related party transaction” under Multilateral Instrument 61-101. EnviroGold intends to rely on exemptions within MI 61-101, as the anticipated value of units acquired by these insiders will not exceed C$2.5 million. While this participation can align management incentives with shareholder value, it raises certain governance considerations requiring increased transparency and scrutiny of these transactions.
*EnviroGold Global: Mining’s Sustainable Solution*
EnviroGold Global operates with a technology licensing model that significantly reduces the capital expenditure requirements typical of the mining industry. The company positions itself as a facilitator of circular economic practices within the mining sector, contributing to both resource efficiency and environmental sustainability.
FAQ
How much is EnviroGold (ESGLF) planning to raise in their private placement?
EnviroGold is planning to raise up to C$5 million through a non-brokered private placement at C$0.09 per unit.
What are the terms of EnviroGold’s private placement warrants?
Each warrant allows holders to purchase one additional common share at C$0.13 for a period of three years from the closing date.
How will EnviroGold use the proceeds from the private placement?
The proceeds will fund technology and engineering studies, demonstration plant campaigns for the NVRO Process™, debt reduction, and working capital.
When will EnviroGold’s private placement close?
The offering is expected to close in one or more tranches on or before October 15, 2025, subject to regulatory approvals.
Are EnviroGold insiders participating in the private placement?
Yes, certain directors and officers may acquire units under the offering, with exemptions from MI 61-101 requirements as their participation is expected to be under C$2.5 million.
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