09:24:49 EDT Tue 16 Sep 2025
Enter Symbol
or Name
USA
CA



Envirogold Global Ltd
Symbol NVRO
Shares Issued 317,898,883
Close 2025-09-15 C$ 0.09
Market Cap C$ 28,610,899
Recent Sedar Documents

Envirogold arranges $5-million private placement

2025-09-16 04:22 ET - News Release

An anonymous director reports

ENVIROGOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT TO ACCELERATE GROWTH

Envirogold Global Ltd. has proposed a non-brokered private placement.

The company intends to raise gross proceeds of up to $5-million through the issuance of units of the company at a price of nine cents per unit. Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of 13 cents for a period of three years from the closing date of the tranche in which the unit is issued.

The company has already secured several lead orders, demonstrating growing investor confidence in Envirogold's technology, strategy and execution momentum.

Use of proceeds -- driving near-term value

Proceeds from the offering will be strategically deployed to deliver rapid progress across Envirogold's technology platform and commercial road map. Specifically, funds will be allocated to:

  • Technology and engineering -- completion of modelling, technical studies and engineering reports;
  • Demonstration plant campaigns -- optimization runs and operational programs to further accelerate the NVRO process to commercialization;
  • Debt reduction and balance sheet strengthening -- targeted repayment of short-term obligations;
  • General working capital -- ensuring operational resilience as the company scales.

Offer terms

The offering is expected to close in one or more tranches on or before Oct. 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.

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 finders' fees in cash and/or warrants to eligible arm's-length parties in connection with the offering, as permitted by applicable laws and Canadian Securities Exchange policies.

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). 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 $2.5-million.

About Envirogold Global Ltd.

Envirogold Global is a technology company, enabling the global mining industry to monetize valuable metals from mine waste and tailings and reduce environmental liabilities. Envirogold's proprietary technology is at the leading edge of demand for precious and strategic metals and greater social demand for better environmental outcomes. The company operates on a technology licence fee model with low capital expenditure requirements and intends to establish itself as a leading global technology company focused on shareholder value and recurring dividends.

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