EnviroGold Global to Build Demonstration Plant in Brisbane, Australia
25 Abril 2024 - 6:07AM
EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK)
(“EnviroGold,” “NVRO,” 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 an update on the Company’s plans to demonstrate
and commercialize its proprietary leaching technology (“NVRO Clean
Leach Process”).
EnviroGold has selected a manufacturer to construct the
processing unit that will be used to demonstrate the NVRO Clean
Leach Process to several potential customers, including major
global mining companies. In addition, EnviroGold has received an
indicative quote for the construction and containerization of the
unit, which is materially less than initially estimated. The
Company expects these developments will allow it to commence
commercial demonstrations of the NVRO Clean Leach Process during
the fourth quarter of 2024.
The Company has received interest from several major mining
companies asking that it locate the NVRO Clean Leach Process
processing unit at their mine sites. To better streamline the
testing process and serve multiple clients in quick succession, the
Company has opted to construct and install the unit at a
centralized industrial facility near Brisbane, Australia, managed
by the EnviroGold technical team. There are several benefits of
installing the processing plant at a centralized location, which
include, allowing multiple mines to ship tailings for processing
and testing, eliminating regulatory and environmental permitting
issues associated with mine site development, and allowing the
Company to decrease turnaround time between mining company
demonstrations.
Under this arrangement, customer tailings will be transported to
the NVRO demonstration facility, processed using the NVRO Clean
Leach Process with the residues transported back to the mine for
disposal. The tailings throughput and data collected throughout
each project’s tailings processing operations will be sufficient to
enable customers to proceed to scale up, front end engineering, and
design and project economic assessments.
In addition to allowing multiple mine sites to test the NVRO
Clean Leach Process, the demonstration plant will allow the Company
to extrapolate its findings into the necessary data for the
bankable feasibility study (“BFS”) required to fully commercialize
the business. The Company believes that having this will
dramatically reduce timelines for major mining companies to deploy
the NVRO Clean Leach Process on a much larger commercial scale.
“This is a very exciting development that we expect will
decrease the time and cost to begin showcasing the NVRO Clean Leach
Process and allow the Company to demonstrate its technology to more
customers in less time,” said the Company CEO, Mr. David Cam.
Neither the Canadian Securities Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this news release.
About EnviroGold Global
EnviroGold Global is a technology company that uses proprietary
technologies to enable mining companies worldwide to recover
valuable metals from mine tailings and reduce the environmental
liabilities of wastes and by-products from mining while maximizing
return for its shareholders. The Company is dedicated to
establishing ESG and circular economy leadership by enabling mining
companies to profitably reprocess and remediate mine waste
(tailings) and smelter by products to recover precious, critical,
and strategic metals – including gold, silver, copper, zinc, and
nickel. The Company has adopted a royalty model for its technology
by licensing the NVRO process to customers.
ContactMr. David Cam, CEOTelephone: +1 416 842
9003Email: InvestorRelations@EnviroGoldGlobal.com
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
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“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.