EnviroGold Global Updates on Projects and Team Expansion
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EnviroGold Global Provides Corporate and Operational Update
EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) is a technology company enabling the global mining industry to monetize valuable metals contained in mine waste and tailings, reduce environmental liabilities, and improve social and environmental outcomes. The company is pleased to provide the following corporate and operational update.
Demonstration Plant Update
The previously announced demonstration plant is currently being commissioned at the company facility. The demonstration plant, acquired from the Australian government’s Commonwealth Scientific and Industrial Research Organisation (CSIRO), was designed as a nickel leaching plant and has been repurposed for the NVRO Clean Leach Process. The reinstallation and commissioning process is running ahead of time and under budget. The company expects to commence processing customer tailings through the plant in the coming weeks and will provide updates as they become available.
New Project Team
The company has appointed several key consultants to work with the EnviroGold Team, ensuring the success of the commissioning and commercialization of the NVRO Clean Leach Process. The new consulting team members include:
Lisa Park
Lisa holds a BSc in Chemical Engineering and an MSc in Applied Finance, serving as a Fellow of AusIMM and Chair of AusIMM Consulting Society. As a technical specialist in hydrometallurgy, she brings deep experience in project development and commercialization.
Jason Amaranti
Jason, with a BSc in Metallurgy, is the principal of Fremantle Metallurgy, a boutique metallurgical processing laboratory. He oversees the repurposing and commissioning of the company’s demonstration plant.
Trevor Bilney
Trevor, who holds a BSc in Applied Science Metallurgy, is a technical leader in process engineering with expertise in safety, risk management, and continuous improvement.
Funding and Strategic Partnerships
The company has kept the private placement open due to ongoing interest from investors. The total raised amounts to $1,378,764, with the placement size increased to $2.0 million. An additional tranche is expected to close soon.
The engagement with Sequoia Corporate Finance Pty. Ltd. is progressing with discussions occurring with potential strategic partners and investors. The company is evaluating options to determine the most suitable strategic direction forward.
Customer Engagement and Projects
With the demonstration plant ready for operation, customer engagement activities have been intensified. The top 11 target customers collectively hold over 336 million tonnes of mine tailings, representing substantial in-situ metal value and a projected revenue opportunity of approximately $5.1 billion for NVRO.
Deloitte Collaboration
The company has engaged Deloitte to assist in securing government grants for the development of the NVRO suite of technologies. Expected product developments include nickel recovery solutions and iron beneficiation technology, promoting significant economic and environmental benefits.
Communication Initiatives
The company is dedicated to maintaining transparency through regular corporate updates and has launched NVRO TV, a new social channel for delivering operational insights alongside regular news releases.
Acknowledgments
The company acknowledges the retiring Directors, Ms. Varris and Mr. Higson-Smith, for their contributions during their tenure and wishes them well in their future endeavors.
About EnviroGold Global
EnviroGold is focused on monetizing valuable metals from mining waste while minimizing environmental liabilities. Utilizing a technology license fee model, the company aims to deliver shareholder value through innovative solutions.
Contact
Mr. David Cam, CEO
Telephone: +1 281 851 7743
Email: IR@EnviroGoldGlobal.com
Frequently Asked Questions
What is the purpose of the demonstration plant?
The demonstration plant is designed to process customer tailings using the NVRO Clean Leach Process, facilitating monetization of valuable metals while reducing environmental liabilities.
Who are the new consultants added to EnviroGold?
New consultants include Lisa Park, Jason Amaranti, and Trevor Bilney, who bring extensive experience in engineering, metallurgy, and commercialization.
What financial updates were provided?
EnviroGold has raised approximately $1,378,764 from a private placement, with plans to increase the total to $2.0 million due to high investor interest.
How is EnviroGold engaging with customers?
Customer engagement has increased with the readiness of the demonstration plant, targeting customers holding substantial mine tailings with significant in-situ metal value.
What initiatives are in place for corporate communication?
EnviroGold has launched NVRO TV to provide updates and maintain transparency with stakeholders regarding company developments and operations.
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