EnviroGold plans $5 million private placement at C$0.09 per unit

EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) announced a proposed non-brokered private placement to raise up to $5 million in gross proceeds. The clean technology company, which processes mine waste into metals, will issue units at C$0.09 each.

Each unit consists of one common share and one transferable warrant. The warrants allow holders to purchase additional common shares at C$0.13 for three years from the closing date. The company stated it has secured several lead orders for the offering.

EnviroGold plans to allocate proceeds toward technology and engineering work, including completion of modeling, technical studies and engineering reports. Funds will also support demonstration plant campaigns to advance the company's NVRO Process technology toward commercialization.

Additional proceeds will be used for debt reduction and balance sheet strengthening through targeted repayment of short-term obligations, as well as general working capital to support operations as the company scales.

The offering is expected to close in one or more tranches by October 15, 2025, subject to regulatory approvals including acceptance by the Canadian Securities Exchange. All securities will be subject to a four-month-and-one-day statutory hold period under Canadian securities laws.

The company may pay finder's fees in cash or warrants to eligible parties in connection with the offering. Certain directors and officers may participate in the offering, which would constitute a related party transaction under Canadian securities regulations.

EnviroGold operates a technology licensing model focused on extracting valuable metals from mine waste and tailings. The Vancouver-based company aims to reduce environmental liabilities in the mining industry while generating revenue through licensing fees.

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