EnviroGold Plans $5 Million Private Placement for Growth

EnviroGold Global Limited has announced its intention to raise up to $5 million through a non-brokered private placement aimed at accelerating the company’s growth. Based in Vancouver, British Columbia, EnviroGold focuses on transforming mine waste into high-value metals, and the funds raised will support advancements in its technology platform and commercial strategies.

The proposed private placement will involve the issuance of units at a price of C$0.09 per unit. Each unit will consist of one common share and one transferable common share purchase warrant, the latter allowing holders to acquire an additional common share at C$0.13 for a period of three years following the closing date. The offering is expected to close in one or more tranches by October 15, 2025, pending necessary regulatory approvals from the Canadian Securities Exchange (CSE).

Funding Allocation and Investor Confidence

Proceeds from the offering are earmarked for several strategic initiatives, designed to deliver rapid progress on EnviroGold’s commercial roadmap. The company has already secured multiple lead orders, reflecting increasing investor confidence in its technology and operational strategy.

EnviroGold operates on a technology license fee model, which allows for low capital expenditure requirements. This positioning enables the company to focus on enhancing shareholder value and potentially providing recurring dividends. Investors can access the company’s Q3 presentation and additional resources through its website.

The offering will also feature participation from certain directors and officers, which constitutes a “related party transaction” under Multilateral Instrument 61-101. The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements, as the aggregate value of the units acquired by these insiders is not expected to exceed C$2,500,000.

About EnviroGold Global

EnviroGold Global specializes in enabling the mining industry to monetize valuable metals sourced from mine waste while reducing environmental liabilities. Its proprietary technology is well-positioned to meet the growing demand for precious and strategic metals, as well as the increasing social demand for improved environmental outcomes.

The company’s focus on sustainable practices and innovative technology places it at the forefront of the mining sector’s evolution. With a commitment to shareholder value, EnviroGold aims to solidify its status as a leading global technology company.

For further inquiries, Neil Simon, CEO, can be reached at Investor Cubed.

Neither the CSE nor its Regulation Services Provider takes responsibility for the accuracy of this announcement. It is important to note that the securities under this offering will not be registered under the U.S. Securities Act and may not be sold in the United States without proper registration or exemption.

The announcement includes forward-looking statements regarding the offering’s completion, anticipated use of proceeds, and the company’s future plans. Actual results may differ due to various risks and uncertainties, including regulatory approvals and market conditions. Readers should not place undue reliance on these statements, and EnviroGold disclaims any obligation to update them unless required by law.