EnviroGold Global Secures $4M Financing to Advance Mine Waste Recovery Technology

EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK), a clean technology company specializing in the recovery of critical, strategic, and precious metals from mine waste and tailings, has announced a strategic financing round. The company has secured a non-brokered private placement of up to $4,000,000, with each unit priced at $0.10. Each unit consists of one common share and one half of one transferrable common share purchase warrant (two half warrants being a "Warrant"). The Warrants have an exercise price of $0.12 and are exercisable for a period of two years from closing.



The proceeds from the Offering will be allocated as follows:

* Repayment of the principal and interest due from the convertible note financings which closed on February 6 and 7, 2023. This amounts to $2,500,000.
* General working capital purposes, which is the remaining $1,500,000.

The repayment of the convertible notes will reduce the Company's debt obligations, improving its liquidity and financial position. This will allow the Company to focus on its core operations and growth prospects without the burden of high-interest payments. The allocation of funds towards general working capital will enable the Company to invest in its proprietary technology, expand its operations, and explore new opportunities. This investment will support the Company's growth prospects by enhancing its ability to monetise mine waste and tailings, reduce environmental liabilities, and generate revenue.

The successful completion of the Offering will strengthen EnviroGold Global's financial position and accelerate its growth prospects by reducing debt obligations and providing additional capital for investment in its core operations and expansion. The company's proprietary technology cost-effectively 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 32,000 Tailings Storage Facilities worldwide containing more than US $3.4 trillion of unrecovered metals, the company licenses its Intellectual Property, providing a multi-billion-dollar opportunity for EnviroGold.

Certain noteholders from the convertible note financings have elected to reinvest their funds into the current Offering, demonstrating their continued confidence and support for the Company's development and growth. This decision indicates that these investors believe in the potential of EnviroGold's technology and its prospects for success in the market. By reinvesting, these noteholders are essentially voting with their money, showing that they are optimistic about the Company's future and its ability to generate value for shareholders. This action also strengthens the Company's relationships with its investors, as it shows that EnviroGold is committed to working with its stakeholders and valuing their input.

In conclusion, EnviroGold Global's strategic financing round will enable the company to advance its proprietary technology, reduce debt obligations, and invest in its core operations and expansion. The company's unique value proposition and the support of its investors position it well to capitalize on the multi-billion-dollar opportunity in the mine waste and tailings market. As the company continues to develop and commercialize its technology, it is well-positioned to generate value for shareholders and contribute to a more sustainable and environmentally responsible mining industry.