EnviroGold Global Welcomes New Director and Innovative Updates
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Exciting Developments at EnviroGold Global Limited
EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | Fr: YGK) is making significant strides in the mining industry, focusing on utilizing technology to monetize metals in mine waste while enhancing environmental outcomes. Recently, the company provided a compelling corporate and technical update highlighting crucial advancements in its operations.
New Leadership Appointment
In a thrilling announcement, EnviroGold welcomed Mr. Royston Denysschen as the new Commercial Director. With an impressive track record spanning over 25 years in international business development and trading of metals and minerals, Mr. Denysschen brings a wealth of expertise. His previous roles at Transamine and Manica Africa enabled him to manage substantial operations and expand networks, especially across Africa and Australia. His primary focus will steer EnviroGold's engagement strategy and project execution.
Progress on the Demonstration Plant
The company’s demonstration plant, recently acquired from Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO), is currently in the commissioning phase. The plant is integral to developing the NVRO Clean Leach Process, initially designed for nickel leaching, which has been repurposed effectively. The commissioning is progressing ahead of schedule, and the company anticipates beginning to process customer tailings soon, which illustrates their commitment to operational excellence.
Enhanced Technology Capabilities
EnviroGold has expanded the capabilities of its Clean Leach Technology, now covering a wider variety of metallurgical types. This includes the recovery of copper and nickel from Volcanogenic Massive Sulphides (VMS) and Massive Sulphide (MS) deposits. This technological advancement not only increases recovery rates but also opens new avenues for sustainable practices in metal extraction.
Iron Recovery Innovations
An exciting development includes the ability to extract iron from VMS and MS tailings, resulting in a market-ready high-grade iron product. This has potential benefits for iron ore miners and metal trading houses looking to optimize their operations. The company is actively engaging with prospective customers to apply this technology to both current and future tailings stockpiles.
Strategic Customer Engagement
As part of its growth strategy, EnviroGold has ramped up customer engagement efforts. Discussions are underway with 11 targeted customers holding over 336 million tonnes of mine tailings, collectively valued at more than US$95 billion. These substantial opportunities could yield an estimated revenue potential of US$5.1 billion for EnviroGold.
Funding Initiatives and Future Outlook
In their pursuit of growth, the company announced an extension for closing its private placement until early October. This non-brokered private placement aims to raise C$2,000,000 through an offering of common shares and warrants. So far, EnviroGold has successfully completed three tranches, generating over C$1.37 million.
About EnviroGold Global
EnviroGold stands at the forefront of the mining technology landscape, aiming to capitalize on valuable metals from waste while reducing environmental liabilities. Their innovative approach, characterized by low capital expenditure requirements and a technology license fee model, positions them for enduring success in the clean technology and mining sectors.
Contact Information
For further details, please reach out to:
Mr. David Cam, CEO
Telephone: +1 281 851 7743
Email: IR@EnviroGoldGlobal.com
Frequently Asked Questions
What recent appointment did EnviroGold Global announce?
EnviroGold announced the appointment of Royston Denysschen as the new Commercial Director, who brings extensive experience in business development and metals trading.
What is the purpose of the demonstration plant?
The demonstration plant is designed to implement the NVRO Clean Leach Process, primarily aimed at processing customer tailings to recover valuable metals.
How has EnviroGold enhanced its technology?
The company has broadened the application of its Clean Leach Technology to include new metallurgical types, increasing recovery rates of metals like copper and nickel, and implementing iron recovery techniques.
What is the estimated revenue opportunity for EnviroGold?
Discussions with the top target customers reveal an estimated revenue potential of US$5.1 billion based on the in-situ metal value of their tailings holdings.
How is EnviroGold approaching customer engagement?
EnviroGold is actively engaging with multiple customers to align with the availability of their demonstration plant and advancing technologies, aiming to boost partnerships in the industry.
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