TORONTO, April 29, 2024 (GLOBE NEWSWIRE) — EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold” or the “Company”) is a company dedicated to monetizing the global mining industry. A technology company that makes it possible. A non-brokered private placement (the “Financing”) of up to C$1,000,000 to remove valuable metals from mine waste and tailings, reduce environmental debt, and improve social and environmental outcomes. ) is scheduled to be completed. The financing will be in the form of a unit offering of up to 20,000,000 units, with each unit consisting of one common share at a price of C$0.05 and one full warrant exercisable at a price of C$0.08. , expires after a period of 24 months. April 30, 2026.
CEO David Kam said: “This private placement allows us to continue work at our previously announced demonstration plant in Brisbane, Australia, which will serve as a central testing hub for multiple mining companies and We will be able to demonstrate our technology in minerals and accelerate commercialization.” decision. ”
“EnviroGold's attention and momentum is exciting, and we are pleased to show our continued support by participating in the recruitment alongside Cam and the other members of the Board,” said Besançon, Chairman of the Company. ” he said.
In addition, EnviroGold utilizes the services of Sequoia Corporate Finance Pty. Ltd. (https://www.sequoia.com.au/corporate-institutional/corporate-finance/) to secure and build short-term financing. I am supporting. Strategic investment. The Company anticipates that the proceeds from these two financings will be sufficient to fund operations, construct small units and begin tailings reprocessing as described above.
For placement details, please contact investorrelations@envirogoldglobal.com.
About EnviroGold Global
EnviroGold Global is a technology company that enables the world's mining industry to monetize valuable metals from mine waste and tailings and reduce their environmental footprint. EnviroGold's proprietary technology is at the forefront of a paradigm shift in global demand for precious and critical metals and societal demand for better environmental outcomes. We operate on a technology license fee model with low capital investment requirements and intend to position ourselves as one of the world's leading technology companies focused on shareholder value.
contact
CEO David Kam
Phone: +1 416 842 9003
Email: InvestorRelations@EnviroGoldGlobal.com
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This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. Masu. This press release does not constitute an offer to sell or a solicitation of an offer to sell in the United States any securities mentioned herein. The securities mentioned in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any other state securities laws, and may not be offered or offered in the United States. Cannot be sold. Transferred to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-looking statements
This news release contains “forward-looking statements” within the meaning of applicable securities laws, including statements regarding earnings expectations, economic outlook, operating guidance and future capital expenditures. but not limited to. All statements contained herein are not historical in nature and may constitute forward-looking statements. Generally, such forward-looking information and forward-looking statements may include statements such as “plans,” “expects,” “does not expect,” “anticipates,” “budgets,” “scheduled,” You can identify them by the use of forward-looking terminology, such as “the future of forward-looking statements.” “”, “estimate”, “anticipate”, “intend”, “anticipate”, “do not anticipate”, or “believe”, or variations of such words or phrases, or specific actions; May contain statements that indicate that events or outcomes are “likely.'' , “may,” “will,” “may,” or “take place,” “continue,” “occur,” or “achieve.” The forward-looking information and forward-looking statements contained herein include statements regarding the use of proceeds from the financing and the expected completion date of the financing, and our ability to accelerate the world's transition to society. but not limited to. Circulating resource economy. The forward-looking information contained in this news release is based on certain assumptions and expected future events. In other words, the Company has the ability to continue as a going concern. the continued commercial viability and growth of the clean technology and mine waste reprocessing industries; continued approval of our activities by relevant governmental and/or regulatory authorities; Continuous development of clean technology and mine waste reprocessing technology. and the continued growth of the company. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. There is a possibility. Going concern. our inability to accelerate the world's transition to a circular resource economy, the risks associated with assessing metallurgical recovery rates from mine tailings and waste and related volumetric assessments, and the mining and mining waste recycling industries generally; risks associated with. Increasing competition in the clean technology and waste reprocessing market. the potential for the clean technology and mine waste reprocessing market to become unviable; Incorrect assessment of the value and potential profits of various transactions. risks related to potential governmental and/or regulatory actions regarding clean technology and mine waste reprocessing; Risks associated with the potential collapse of the value of clean technology and waste reprocessing. risks related to the Company's potential inability to expand its reprocessing pipeline;
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that plans, intentions or expectations based on such forward-looking statements will materialize. Although such information is considered reasonable by management at the time of preparation, it may prove to be incorrect and actual results may differ materially from those anticipated. . The forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. We assume no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or whether subsequent actual events or the like, such forward-looking statements We are not obligated to explain any material differences from the information provided. except as required by applicable law.
