EnviroGold Global Announces Strategic Alliance with Global Leader Fraser Alexander to Collaborate on Sustainable Mining Projects
EnviroGold Global (ESGLF) has announced a strategic alliance with Fraser Alexander through a Memorandum of Understanding (MOU) signed on January 23, 2025. The partnership aims to advance sustainable mining solutions by combining EnviroGold's proprietary metal extraction technology with Fraser Alexander's operational expertise in tailings storage facilities (TSFs).
Fraser Alexander, a world-leading TSF operator managing over 50 facilities globally, will collaborate with EnviroGold to recover valuable metals from mine waste and tailings. The alliance will initially focus on up to three customer opportunities from their existing client bases. The three-year non-exclusive MOU allows both companies to pursue similar arrangements with third parties, except for customers introduced through the agreement.
The partnership targets a market of over 32,000 TSFs worldwide containing more than US $3.4 trillion of unrecovered metals, offering significant revenue potential through EnviroGold's licensing model.
EnviroGold Global (ESGLF) ha annunciato un'alleanza strategica con Fraser Alexander tramite un Memorandum of Understanding (MOU) firmato il 23 gennaio 2025. Il partenariato ha lo scopo di promuovere soluzioni di mining sostenibile combinando la tecnologia proprietaria di estrazione dei metalli di EnviroGold con l'expertise operativa di Fraser Alexander nelle strutture di stoccaggio dei materiali di risulta (TSF).
Fraser Alexander, un leader mondiale nella gestione delle TSF con oltre 50 strutture in tutto il mondo, collaborerà con EnviroGold per recuperare metalli preziosi dai rifiuti minerari e dai materiali di risulta. L'alleanza si concentrerà inizialmente su fino a tre opportunità commerciali provenienti dalle loro attuali basi clienti. Il MOU non esclusivo di tre anni consente a entrambe le aziende di perseguire accordi simili con terze parti, ad eccezione dei clienti introdotti tramite l'accordo.
Il partenariato punta a un mercato di oltre 32.000 TSF a livello mondiale contenenti più di 3,4 trilioni di dollari di metalli non recuperati, offrendo un significativo potenziale di entrate attraverso il modello di licenza di EnviroGold.
EnviroGold Global (ESGLF) ha anunciado una alianza estratégica con Fraser Alexander a través de un Memorando de Entendimiento (MOU) firmado el 23 de enero de 2025. La asociación tiene como objetivo promover soluciones de minería sostenible al combinar la tecnología de extracción de metales de EnviroGold con la experiencia operativa de Fraser Alexander en instalaciones de almacenamiento de relaves (TSF).
Fraser Alexander, un operador líder mundial de TSF que gestiona más de 50 instalaciones en todo el mundo, colaborará con EnviroGold para recuperar metales valiosos de los desechos mineros y los relaves. La alianza se centrará inicialmente en hasta tres oportunidades de clientes de sus bases de clientes existentes. El MOU no exclusivo de tres años permite a ambas empresas buscar acuerdos similares con terceros, excepto por los clientes introducidos a través del acuerdo.
La asociación apunta a un mercado de más de 32,000 TSF en todo el mundo que contiene más de 3.4 trillones de dólares en metales no recuperados, ofreciendo un potencial significativo de ingresos a través del modelo de licencia de EnviroGold.
EnviroGold Global (ESGLF)는 2025년 1월 23일에 서명된 양해각서(MOU)를 통해 Fraser Alexander와 전략적 제휴를 발표했습니다. 이 파트너십은 EnviroGold의 독점 금속 추출 기술과 Fraser Alexander의 폐기물 보관 시설(TSF) 운영 전문성을 결합하여 지속 가능한 채굴 솔루션을 발전시키는 것을 목표로 하고 있습니다.
Fraser Alexander는 전 세계적으로 50개 이상의 TSF를 운영하는 세계적인 TSF 운영업체로, EnviroGold와 협력하여 광산 폐기물과 TSF에서 귀중한 금속을 회수할 것입니다. 이 동맹은 처음에 그들의 기존 고객 기반에서 최대 세 개의 고객 기회에 집중할 것입니다. 3년 비독점 MOU는 두 회사 모두 제휴를 통해 소개된 고객을 제외한 제3자와 유사한 계약을 추구할 수 있도록 허용합니다.
이 파트너십은 전 세계 32,000개 이상의 TSF 시장을 타겟으로 하며, 이들 TSF에는 3.4조 달러 이상의 회수되지 않은 금속이 포함되어 있어 EnviroGold의 라이센스 모델을 통해 상당한 수익 잠재력을 제공합니다.
EnviroGold Global (ESGLF) a annoncé une alliance stratégique avec Fraser Alexander par le biais d'un Mémorandum d'entente (MOU) signé le 23 janvier 2025. Ce partenariat vise à promouvoir des solutions minières durables en combinant la technologie d'extraction de métaux propriétaire d'EnviroGold avec l'expertise opérationnelle de Fraser Alexander en matière de stockage des résidus miniers (TSF).
Fraser Alexander, un leader mondial dans la gestion des TSF, gérant plus de 50 installations à travers le monde, collaborera avec EnviroGold pour récupérer des métaux précieux à partir des déchets miniers et des résidus. L'alliance se concentrera initialement sur jusqu'à trois opportunités clients provenant de leurs bases de clients existantes. Le MOU non exclusif de trois ans permet aux deux entreprises de rechercher des arrangements similaires avec des tiers, à l'exception des clients introduits par l'accord.
Ce partenariat vise un marché de plus de 32 000 TSF dans le monde, contenant plus de 3,4 billions de dollars de métaux non récupérés, offrant un potentiel de revenus significatif grâce au modèle de licence d'EnviroGold.
EnviroGold Global (ESGLF) hat eine strategische Allianz mit Fraser Alexander durch ein am 23. Januar 2025 unterzeichnetes Memorandum of Understanding (MOU) bekannt gegeben. Die Partnerschaft zielt darauf ab, nachhaltige Bergbaulösungen zu fördern, indem die proprietäre Metallextraktionstechnologie von EnviroGold mit der betrieblichen Expertise von Fraser Alexander in der Lagerung von Abraum (TSF) kombiniert wird.
Fraser Alexander, ein weltweit führender Betreiber von TSF, der über 50 Anlagen weltweit verwaltet, wird mit EnviroGold zusammenarbeiten, um wertvolle Metalle aus Bergbauabfällen und Abraum zurückzugewinnen. Die Allianz wird sich zunächst auf bis zu drei Kundenmöglichkeiten aus ihren bestehenden Kundenstämmen konzentrieren. Das nicht-exklusive MOU für drei Jahre erlaubt beiden Unternehmen, ähnliche Vereinbarungen mit Dritten zu verfolgen, außer für Kunden, die durch die Vereinbarung eingeführt wurden.
Die Partnerschaft zielt auf einen Markt von über 32.000 TSF weltweit, die mehr als 3,4 Billionen US-Dollar an unrecovered metals enthalten, was erhebliches Umsatzpotenzial durch das Lizenzmodell von EnviroGold bietet.
- Access to Fraser Alexander's network of 50+ global TSFs
- Partnership targets $3.4 trillion market of unrecovered metals
- Technology licensing model offers multi-billion dollar opportunity
- Immediate focus on three customer opportunities
- Non-exclusive partnership allows competition from third parties
- MOU can be terminated with one month's notice
- Final agreements for joint ventures still pending
TORONTO, Jan. 27, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold,” or the “Company”), a clean technology company that monetises mine waste and tailings while reducing environmental and social liabilities, is pleased to announce it has executed a Memorandum of Understanding (the “MOU”) for a global strategic alliance with Fraser Alexander to advance sustainable mining solutions for existing and potential customers.
With over a century of expertise, Fraser Alexander is a world leading tailings storage facility operator, hydro-remining and tailings deposition contractor, overseeing more than 50 Tailings Storage Facilities (TSFs) worldwide. Fraser Alexander has a successful track record of research and development and deployment of new technologies. It is known for transforming mine waste into societal, environmental and economic value and setting a high standard for safety and sustainability. Learn more at https://www.fraseralexander.com
Fraser Alexander and EnviroGold have identified several customer opportunities to recover large quantities of valuable metals locked within TSFs and are collaborating to commercialise these opportunities and continue to evaluate projects within each other’s networks. The parties will deliver comprehensive solutions for mining companies and governments that are sustainable, enhance the mining value chain and uphold the highest standards of safety and environmental stewardship. The alliance will deploy EnviroGold’s proprietary technology alongside Fraser Alexander’s operational expertise, offering a comprehensive solution for clients.
EnviroGold’s patented technology cost-effectively1 extracts precious, non-precious and critical metals from mine tailings into highly profitable revenue streams, offering sustainable and environmentally responsible solutions to miners and governments worldwide. With over 32,0002 Tailings Storage Facilities worldwide containing more than US
David Cam, EnviroGold CEO said, “This strategic alliance marks a key step in the commercialistion of EnviroGold’s proprietary technology. We are excited about the alliance and working with Fraser Alexander to deliver sustainable mining solutions.
The Fraser Alexander and EnviroGold strategic alliance will benefit both companies, leveraging the specialist market leading technology developed by EnviroGold and the best-in-class implementation and operational capabilities of Fraser Alexander. Together we will leverage our first mover advantage in the valuable mine waste and tailings market”.
Keith Scott, Fraser Alexander CEO said, “Fraser Alexander have a successful track record of developing and deploying proven innovative technologies for the benefit of our TSF clients. We are excited to be working with EnviroGold, whose technology allows us to expand our TSF offerings and value added services to new and exisiting clients.”
Initially Fraser Alexander and EnviroGold will collaborate on up to three customer opportunities from their existing customer bases. For each identified customer willing to contract for services, the parties will negotiate and formalize joint ventures (JV’s) through definitive agreements. The MOU remains effective for three years from signing, with a provision for termination by either party with one month's notice or upon execution of definitive agreements for specific JV’s. The partnership is non-exclusive, allowing both parties to pursue similar arrangements with third parties, except for customers introduced through the MOU. The MOU was executed on January 23, 2025.
About EnviroGold Global
EnviroGold Global 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 with low capex requirements and intends to establish itself as a leading global technology company focussed on shareholder value. Learn more about EnviroGold Global https://envirogoldglobal.com/wp-content/uploads/2025/01/NVRO-Fact-Sheet-Q1-2025.pdf
About Fraser Alexander
Fraser Alexander is a global leader in transforming mine waste into societal, environmental and economic value. Established in 1912, the company has over a century of expertise in delivering innovative, sustainable solutions to the mining industry. In addition to being a large owner and operator of mineral processing plants, Fraser Alexander specialises in tailings re-mining, deposition, water treatment and rehabilitation, serving a blue-chip client base across Africa and South America. With an embedded ESG philosophy, Fraser Alexander leverages cutting-edge technologies, including automated systems and IoT solutions, to enhance safety, efficiency and environmental performance. The company’s commitment to diversity, inclusion, and community development underscores its mission to create tangible benefits for all stakeholders while driving the future of sustainable mining.
CONTACTS:
Investor Cubed
Neil Simon, CEO
+1 647 258 3310
nsimon@investor3.ca
ir@envirogoldglobal.com
1 Subject to analysis of grade and size of tailings resources
2 Minerals Research Institute of W.A
3 worldminetailingsfailures.org/estimate-of-world-tailings-portfolio-2020/
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 about the the Company and Fraser Alexander’s ability to work together to provide sustainable solutions to mining companies and governments while enhancing safety and environmental standards, the application of EnviroGold’s proprietary technology in future projects, 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.
FAQ
What is the value of unrecovered metals in global tailings facilities targeted by ESGLF?
How long will the strategic alliance between ESGLF and Fraser Alexander last?
How many initial customer opportunities will ESGLF and Fraser Alexander collaborate on?
What is Fraser Alexander's current operational scale in tailings management?
Is the ESGLF-Fraser Alexander partnership exclusive?
