EnviroGold Closes First Tranche of Non-Brokered Private Placement and Confirms Strong Momentum Toward Final Tranche

Executive Summary

• EnviroGold Global Limited closed the first tranche of its non‑brokered private placement, issuing 24,458,626 units at C$0.09 per unit for gross proceeds of C$2,201,276.
• Each unit includes one common share and one warrant to purchase an additional share at C$0.13 for three years; finder’s fees of C$64,164 (cash) plus 607,933 non‑transferable warrants were paid.
• Proceeds will be used to accelerate technology development, demonstration plant campaigns, debt reduction, and general working capital, with the overall offering targeting C$5 million.

Key Details

• Units Issued: 24,458,626 (each = 1 common share + 1 warrant)
• Price per Unit: C$0.09
• Gross Proceeds (first tranche): C$2,201,276 (≈ US$ $1.6 M)
• Warrant Terms: Right to acquire one additional common share at C$0.13; exercisable for three years from issuance.
• Finder’s Fees Paid: C$64,164 in cash and 607,933 non‑transferable warrants (same terms as offering).
• Related Party Participation: Directors subscribed for 923,185 units, generating gross proceeds of $83,086.65; transaction qualifies for MI 61‑101 exemptions.
• Use of Proceeds:
• Completion of modelling, technical studies, and engineering reports.
• Optimisation runs and operational programs for the NVRO Process™ demonstration plant.
• Repayment of short‑term debt / balance‑sheet strengthening.
• General working capital to support scaling operations.
• Offering Target: C$5 million total across multiple tranches; subsequent tranche(s) in progress.
• Statutory Hold Period: Four months and one day, expiring 2 Feb 2026.
• Regulatory Notes: Securities not registered under U.S. securities laws; offering limited to jurisdictions where lawful.

Notable Quotes

“Closing this first tranche with strong investor support marks an important milestone for EnviroGold and represents a clear vote of confidence in our vision.” – David Cam, CEO

All forward‑looking statements are subject to risks and uncertainties as described in the release.