EnviroGold Global Announces Filing of New Patent Application Completing Intellectual Property Protection for its NVRO Clean Leach Process
07 Mayo 2024 - 11:49PM
EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: 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 announce
it has filed a new patent application (Australian Provisional
Patent Application number AU2024901328) for an improved method of
extraction of metals from refractory ores. This patent application,
combined with the previously filed Application PCT AU2023/051121
for an improved process for recovery of refractory ores, completes
the suite of intellectual property protection the Company requires
for its NVRO Clean Leach Process.
The Company’s Chief Technology Officer, Mr. Brock Hill said,
“This patent application follows an extended pilot study conducted
at ALS Global’s Perth, Western Australia Metallurgical Facility in
July 2023. The pilot study was designed to confirm process
recoveries and identify any process challenges which could prevent
the Company from moving to full scale commercial production. The
results of this work have enabled the Company to significantly
improve several components of the NVRO Clean Leach Process
including improved catalyst recovery, lower operational cost, and
increased recovery of gold & silver from refractory ores.”
CEO David Cam commented that “The patent filing builds on the
previous patent application and together completes the intellectual
property protection for the Company’s NVRO Clean Leach Process and
gives our Company a first mover advantage in this exciting and
growing market. The improvements also broaden the Company’s ability
to reprocess other mine tailings and concentrates, enabling the
Company to pursue reprocessing opportunities across a broader range
of metals, including strategic metals and rare earth elements.”
The Company has 7 active projects representing a total of over
300 million tonnes of tailings, 5 of these projects are associated
with major global mining companies.
Mr. Cam also confirmed earlier market guidance, that the Company
has committed to build a centralized demonstration plant in
Brisbane, Australia that will allow customers, including several of
the world’s largest mining and mineral processing companies, to
test the NVRO Clean Leach Process on tailings and smelter
by-products. The modular plant will incorporate the component
features protected by the current patent applications.
Further, the Company intends to commence an in depth valuation
review to determine the commercial, social, and economic value
drivers of the NVRO Clean Leach Process to mining and mineral
processing companies worldwide. It is expected the results will
illustrate the significance of economically recovering valuable
metal entrained in mine waste and tailings and importantly, the
additional value to our customers of the environmental remediation
benefits derived by utilizing the NVRO Clean Leach Process. The
results of this analysis will form the basis for upcoming
commercial negotiations with the Company’s customers and strategic
investors.
For more information on EnviroGold and its proprietary clean
leaching technology, please visit www.envirogoldglobal.com.
About EnviroGold GlobalEnviroGold 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 a paradigm shift in global 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.
ContactMr. David Cam, CEOTelephone: +1 416 842
9003Email: ir@EnviroGoldGlobal.com
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.
Forward-Looking StatementsThis 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 use of funds from the
Financing and the anticipated closing date of the Financing, 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.