EnviroGold Global Announces New Appointment and Provides Corporate and Technical Update
EnviroGold Global (CSE: NVRO | OTCQB: ESGLF) has announced key developments in its mission to monetize valuable metals from mine waste and tailings. The company has appointed Royston Denysschen as Commercial Director, bringing over 25 years of experience in metals and minerals trading. EnviroGold's demonstration plant, acquired from CSIRO, is being commissioned ahead of schedule and under budget, with customer tailings processing expected to begin soon.
The company has expanded its Clean Leach Technology capabilities to include a broader range of metallurgical types and targeted metals, now covering Massive Sulphide deposits in addition to Volcanogenic Massive Sulphides. EnviroGold is also developing the ability to produce high-grade iron products from tailings. The company is in discussions with potential customers regarding this enhanced technology, which could benefit iron ore miners, steel companies, and metal trading houses.
EnviroGold Global (CSE: NVRO | OTCQB: ESGLF) ha annunciato importanti sviluppi nella sua missione di monetizzare metalli preziosi dai materiali di scarto e tailing delle miniere. L'azienda ha nominato Royston Denysschen come Direttore Commerciale, portando con sé oltre 25 anni di esperienza nel commercio di metalli e minerali. L'impianto dimostrativo di EnviroGold, acquisito da CSIRO, è in fase di commissioning anticipato e con un budget inferiore, con l'inizio del processamento dei tailing previsto a breve.
L'azienda ha ampliato le sue capacità di Clean Leach Technology per includere una gamma più ampia di tipi metallurgici e metalli mirati, coprendo ora anche depositi di Solfuri Massivi oltre ai Solfuri Massivi Volcanogenici. EnviroGold sta anche sviluppando la capacità di produrre prodotti di ferro di alta qualità dai tailing. L'azienda è in discussione con potenziali clienti riguardo a questa tecnologia migliorata, che potrebbe avvantaggiare i minatori di minerale di ferro, le aziende siderurgiche e le case di commercio di metalli.
EnviroGold Global (CSE: NVRO | OTCQB: ESGLF) ha anunciado desarrollos clave en su misión de monetizar metales valiosos a partir de desechos mineros y relaves. La compañía ha nombrado a Royston Denysschen como Director Comercial, aportando más de 25 años de experiencia en el comercio de metales y minerales. La planta demostrativa de EnviroGold, adquirida de CSIRO, se está poniendo en marcha antes de lo programado y con un presupuesto menor, con el inicio del procesamiento de relaves esperado pronto.
La empresa ha ampliado sus capacidades de Clean Leach Technology para incluir una gama más amplia de tipos metalúrgicos y metales objetivo, abarcando ahora depósitos de Sulfuro Masivo además de Sulfuro Masivo Volcanogénico. EnviroGold también está desarrollando la capacidad de producir productos de hierro de alta calidad a partir de relaves. La compañía está en conversaciones con posibles clientes sobre esta tecnología mejorada, que podría beneficiar a los mineros de mineral de hierro, a las empresas siderúrgicas y a las casas comerciales de metales.
EnviroGold Global (CSE: NVRO | OTCQB: ESGLF)는 광물 쓰레기와 테일링에서 귀중한 금속을 수익화하기 위한 임무에서 주요 개발 사항을 발표했습니다. 회사는 25년 이상의 금속 및 광물 거래 경험을 자랑하는 Royston Denysschen을 상업 이사로 임명했습니다. EnviroGold의 CSIRO에서 인수한 시연 플랜트는 예정보다 일찍 가동되고 있으며 예산도 초과하지 않으며, 고객의 테일링 처리도 곧 시작될 예정입니다.
회사는 Clean Leach Technology의 기능을 확대하여 더 넓은 범위의 금속 공정 및 목표 금속을 포함하도록 하고 있으며, 이제 화산형 대형 황화물 외에 대형 황화물 매장지도 포함됩니다. EnviroGold는 또한 테일링에서 고급 철 제품을 생산하는 능력을 개발하고 있습니다. 회사는 이 향상된 기술과 관련하여 잠재 고객과 논의 중이며, 이는 철광석 채굴자, 철강 회사 및 금속 거래 회사에 혜택을 줄 수 있습니다.
EnviroGold Global (CSE: NVRO | OTCQB: ESGLF) a annoncé des développements clés dans sa mission de monétiser des métaux précieux à partir des déchets miniers et des résidus. La société a nommé Royston Denysschen en tant que Directeur Commercial, apportant plus de 25 ans d'expérience dans le commerce des métaux et des minéraux. L'usine de démonstration d'EnviroGold, acquise auprès de CSIRO, est mise en service en avance sur le calendrier et sous budget, avec le traitement des résidus des clients devant commencer bientôt.
La société a élargi ses capacités de Clean Leach Technology pour inclure une gamme plus large de types métallurgiques et de métaux ciblés, couvrant désormais les dépôts de Sulfures Massifs en plus des Sulfures Massifs Volcanogènes. EnviroGold développe également la capacité de produire des produits en fer de haute qualité à partir des résidus. La société est en discussions avec des clients potentiels concernant cette technologie améliorée, qui pourrait bénéficier aux mineurs de minerai de fer, aux entreprises sidérurgiques et aux maisons de négoce de métaux.
EnviroGold Global (CSE: NVRO | OTCQB: ESGLF) hat wichtige Entwicklungen in seiner Mission angekündigt, wertvolle Metalle aus Bergbauabfällen und Tailings zu monetarisieren. Das Unternehmen hat Royston Denysschen zum Handelsdirektor ernannt und bringt über 25 Jahre Erfahrung im Handel mit Metallen und Mineralien mit. Die Demonstrationsanlage von EnviroGold, die von CSIRO erworben wurde, wird vorzeitig und unter Budget in Betrieb genommen, und das Tailings-Processing für Kunden wird voraussichtlich bald beginnen.
Das Unternehmen hat seine Fähigkeiten in der Clean Leach Technology erweitert, um ein breiteres Spektrum an metallurgischen Typen und Zielmetallen abzudecken, einschließlich Massivschwefelablagerungen sowie vulkanogene Massivschwefel. EnviroGold entwickelt auch die Fähigkeit, hochgradige Eisenprodukte aus Tailings zu produzieren. Das Unternehmen führt Gespräche mit potenziellen Kunden über diese verbesserte Technologie, die Eisenminer, Stahlunternehmen und Metallhandelsunternehmen zugute kommen könnte.
- Appointment of experienced Commercial Director Royston Denysschen
- Demonstration plant commissioning ahead of schedule and under budget
- Expansion of Clean Leach Technology capabilities to include more ore types and metals
- Potential to produce high-grade iron products from tailings
- Ongoing discussions with 11 target customers representing over $95 billion in-situ metal value
- Estimated $5.1 billion revenue opportunity from target customers' tailings
- Private placement extension needed until October 5, 2024
- Only $1,378,734 raised out of $2,000,000 target in private placement
Commissioning of the Demonstration Plant Remains On Time and Under Budget With Near Term Production Set to Commence
TORONTO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | Fr: YGK) (“EnviroGold,” or the “Company”), 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, is pleased to provide the following corporate and technical update.
Appointment of Royston Denysschen as Commercial Director
The Company is excited to announce the appointment of Mr. Denysschen to the EnviroGold team. With over 25 years of experience in international business development, metals and minerals trading, logistics and strategic growth and having held senior leadership roles at Transamine and Manica Africa, where he successfully expanded business networks and managed large-scale operations across Africa and Australia, Mr. Denysschen will focus on EnviroGold’s strategic customer engagement and project execution.
Demonstration Plant
The previously announced demonstration plant is currently being commissioned at the Company’s facility. The
Technology Enhancements – Extended Targeted Ore Types and Metals Recovery
The Company has expanded its Clean Leach Technology capabilities to include a broader range of metallurgical types and targeted metals recovered beyond the previously targeted Volcanogenic Massive Sulphides (“VMS”) deposits. As a result of additional research, development and test work, the broader application of the NVRO Clean Leach Technology to Massive Sulphide (“MS”) deposits are amenable to the Clean Leach Process increasing the commercial and sustainability opportunities for EnviroGold customers.
In addition, the Company has expanded its target metals recovery to include increased recovery of copper and nickel from VMS and MS ore types.
The Company is further developing the ability to remove the iron content from VMS and MS tailings to produce a saleable high grade iron product. The Company is currently in discussions with several potential customers regarding the application of this technology to current and future tailings stockpiles. This technology enhancement has the potential to assist iron ore miners, steel companies and metal trading houses looking for an edge to increase margins and market share.
CEO Statement
Chief Executive Officer David Cam stated: “The appointment of Mr. Denysschen, along with the incremental technology developments and metal recovery enhancements, allow EnviroGold to address current and pressing economic and environmental issues to a broader global mining audience, and further establishes EnviroGold’s first mover advantage in this growing sector of the mining and metals market.
Of significance and further to the Company’s ability to extract valuable metals from mine tailings, is the ability to reduce carbon emissions compared to contemporary mining, and reduce the acid mine drainage potential of tailings after treatment with the NVRO Clean Leach Process.”
Customer Engagement
EnviroGold has increased its customer engagement activity to align with the availability of the demonstration plant to process customer tailings and the incremental technology developments.
Discussions are ongoing with EnviroGold’s top 11 target customers that contain in excess of 336 million tonnes of mine tailings representing over US
Private Placement
The Company has received an extension from the Canadian Securities Exchange allowing it to close its private placement until October 5, 2024. This previously announced private placement is a non-brokered private placement (the “Financing”) for aggregate gross proceeds of up to C
About EnviroGold Global
EnviroGold is a technology company enabling the global mining industry to monetise 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 critical metals and greater social demand for better environmental outcomes. The Company operates on a technology license fee model with low capex requirements and intends to establish itself as a leading global technology company focussed on shareholder value.
Contact
Mr. David Cam, CEO
Telephone: +1 281 851 7743
Email: IR@EnviroGoldGlobal.com
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of applicable securities laws, including, without limitation, earnings guidance, economic guidance, operational guidance and future capital spending amounts. 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 pertaining to the Company’s expectation to commence processing customer tailings through the plant in the coming weeks, closing an additional tranche of the private placement on or before August 29, 2024, the Company’s discussions with several potential strategic partners and investors introduced by Sequoia and the outcomes of these discussions, products expected to be further developed and commercially released in 2025, any revenue opportunities for the Company, or significant economic and environmental benefits to the Company’s customers, and the Company’s ability to accelerate the world’s transition to a circular resource economy. Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in the clean technology and mining waste reprocessing industry; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued development of clean technology and mining waste reprocessing technology; and the continued growth of the Company. 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: the potential inability of the Company to continue as a going concern; the Company’s inability to accelerate the world’s transition to a circular resource economy, the risks associated with assessing metallurgical recovery rates from mine tailings and waste and related volumetric assessments, the risks associated with the mining and mining waste recycling industry in general; increased competition in the clean technology and waste reprocessing market; the potential unviability of the clean technology and mining waste reprocessing market; incorrect assessment of the value and potential benefits of various transactions; risks associated with potential governmental and/or regulatory action with respect to clean technology and mining waste reprocessing; risks associated with a potential collapse in the value of clean technology and waste reprocessing; and risks relating to the Company’s potential inability to expand 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.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FAQ
What is the current status of EnviroGold Global's (ESGLF) demonstration plant?
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