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VANCOUVER, British Columbia, Sept. 15, 2025 (GLOBE NEWSWIRE) — EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK), (“EnviroGold,” or the “Company”), a clean technology company transforming mine waste into high-value metals, is pleased to announce a proposed non-brokered private placement (the “Offering”).
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The Company intends to raise gross proceeds of up to $5 million through the issuance of units of the Company (“Units” and each, a “Unit”) at a price of C$0.09 per Unit. Each Unit will consist of one common share of the Company and one transferable common share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of C$0.13 for a period of three years from the closing date of the tranche in which the Unit is issued.
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The Company has already secured several lead orders, demonstrating growing investor confidence in EnviroGold’s technology, strategy, and execution momentum.
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Use of Proceeds – Driving Near Term Value
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Proceeds from the Offering will be strategically deployed to deliver rapid progress across EnviroGold’s technology platform and commercial roadmap. Specifically, funds will be allocated to:
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- Technology & Engineering – completion of modelling, technical studies, and engineering reports.
- Demonstration Plant Campaigns – optimisation runs and operational programs to further accelerate the NVRO Process™ to commercialisation.
- Debt Reduction & Balance Sheet Strengthening – targeted repayment of short-term obligations.
- General Working Capital – ensuring operational resilience as the Company scales.
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Investors can access the Q3 Investor Presentation on the Company’s website at: https://envirogoldglobal.com/investors/, along with the Terra Studio Company Profile at: https://www.terrastudio.biz/blog/post/11325/on-the-cusp-of-formidable-growth/
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Offer Terms
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The Offering is expected to close in one or more tranches on or before October 15, 2025, or on such other date or dates as the Company may determine, subject to the receipt of all required regulatory approvals, including acceptance by the Canadian Securities Exchange (the “CSE”).
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All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the applicable closing date, in accordance with applicable Canadian securities laws. The Company may, in its discretion, pay finder’s fees in cash and/or Warrants to eligible arm’s-length parties in connection with the Offering, as permitted by applicable laws and CSE policies.
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Certain directors and officers of the Company may acquire Units under the Offering. Such participation will constitute a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company anticipates relying on the exemptions from the formal valuation requirement under section 5.5(b) of MI 61-101, and the minority shareholder approval requirement under section 5.7(1)(b) of MI 61-101, as neither the fair market value of the Units to be acquired by the participating directors and officers nor the consideration to be paid by such directors and officers is expected to exceed C$2,500,000.
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