TORONTO, April 14, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold Global” or the “Company”), a clean technology company that recovers valuable resources from mine tailings while reducing environmental impact, is pleased to announce the continued development and commercialisation of its NVRO Process, a proprietary technology designed specifically for sulphidic tailings. These tailings are widely recognised as a significant environmental management challenge within the mining sector.
Sulphidic tailings, a by-product of conventional mining, often contain residual concentrations of gold, silver, copper, zinc, and increasingly critical rare earth elements (REEs). REEs are historically challenging and uneconomic to reprocess, recent advancements in EnviroGold Global’s mineral processing technology potentially offer new approaches to recovery under certain conditions. The strategic interest in critical minerals, including REEs, has increased in light of recent heightened geopolitical tensions.
Sulphidic tailings are among the most hazardous and underutilised forms of mine waste, often contributing to acid mine drainage and long-term environmental risks. The NVRO Process is being developed to not only minimise these liabilities but to explore opportunities to convert them into economically viable and ESG-aligned resources. EnviroGold Global offers governments, mining companies and investors a fast, scalable pathway to recover critical metals from legacy mine sites.
“The NVRO Process represents a potentially transformative solution to the long standing challenge of managing sulphidic tailings,” said CEO David Cam. “As the global demand for rare earths, and other precious and critical metals continues to evolve, we believe our technology could contribute meaningfully to both environmental remediation and resource recovery.”
The Company also announces that, pursuant to its shareholder-approved Restricted Share Unit Plan (the “RSU Plan”), on April 10, 2025 it granted an aggregate of 12,250,000 restricted share units (“RSUs”) to certain insiders, consultants and employees of the Company (the “Eligible Parties”). Each RSU entitles the holder to acquire one common share of the Company (a “Share”) by delivering a notice of acquisition in accordance with the RSU Plan. In accordance with the RSU Plan, the RSUs were priced at $0.10 per Share and are subject to certain vesting milestones and expiration dates.
About EnviroGold Global EnviroGold Global is a clean tech company transforming mine waste into revenue through proprietary metal recovery technology. With a low-capex, licensing-based model, EnviroGold Global delivers access to precious and critical metals—such as gold and rare earths—while addressing environmental liabilities. Scalable, sustainable, and positioned for global deployment, the company offers a high-margin pathway to long-term shareholder value.
Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of applicable securities laws, including, without limitation, statements regarding the Company’s business strategy, anticipated development and commercialization of the NVRO Process, market opportunities, and the potential economic and environmental benefits of the Company’s technology. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements about the Company’s ability to advance and commercialize the NVRO Process, the ability to extract critical and precious metals from sulphidic tailings, the scale and economic potential of tailings reprocessing, the Company’s role in addressing environmental liabilities, and its contribution to a more circular and sustainable resource economy. Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to secure financing and partnerships; the continued development, scalability, and performance of its proprietary technology; the availability and suitability of tailings projects for reprocessing; stable or rising demand for critical and precious metals (including rare earth elements); continued support from regulatory authorities; and favorable market conditions for clean technology and mine waste reprocessing. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: technical or operational challenges in deploying the NVRO Process; difficulties in assessing or recovering economic quantities of metals from tailings; delays or failures in obtaining required regulatory approvals; changes in commodity prices or geopolitical dynamics affecting supply chains; the emergence of competitive technologies; environmental and permitting risks; and the Company’s potential inability to expand or finance 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 the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. 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. The Company undertakes 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 otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
