Envirogold closes $7.5-million private placement

Executive Summary

• Envirogold Global Ltd. has successfully closed an upsized, non-brokered private placement raising aggregate gross proceeds of $7,519,237, significantly exceeding the original $5 million target due to strong institutional and strategic investor demand.
• The financing was completed in two tranches: the first tranche closed on October 1, 2025, raising $2,201,276, and the final tranche closed on October 15, 2025, raising $5,317,960.
• The transaction includes participation from Pala Investments and company directors, with proceeds allocated to technology development, demonstration plant campaigns, debt reduction, and working capital.

Key Details

• Total Gross Proceeds: $7,519,237.
• Units Issued: 83,547,080 units.
• Price Per Unit: $0.09.
• Warrant Terms: Each unit includes one common share purchase warrant, entitling the holder to purchase one additional common share at $0.13 per share for a period of 36 months from issuance.
• Tranche 1 Details:
  • Closed: October 1, 2025.
  • Gross Proceeds: $2,201,276.
  • Finders' Fees: $103,123 in cash and 1,038,167 non-transferable warrants (corrected from previous disclosure of $64,164 and 607,933 warrants).
• Tranche 2 Details:
  • Closed: October 15, 2025.
  • Gross Proceeds: $5,317,960.
  • Finders' Fees: $121,517.40 in cash and 1,281,860 non-transferable warrants (issued on same terms as offering warrants).
• Related Party Transactions: Directors subscribed for 848,253 units with gross proceeds of $76,342.77 under the second tranche. The company relies on exemptions from minority shareholder approval and formal valuation requirements under MI 61-101.
• Statutory Hold Period: Securities issued under the second tranche are subject to a hold period of four months and one day, expiring on February 17, 2026.
• Use of Proceeds:
  • Technology and Engineering: Advancing detailed modeling, technical studies, and engineering deliverables for client deployments and license agreements.
  • Demonstration Plant Campaigns: Executing optimization runs to validate and scale the NVRO process to TRL 8 (full commercial readiness).
  • Debt Reduction: Retiring short-term obligations to enhance financial flexibility.
  • Working Capital: Supporting operational resilience, global partnerships, and commercial scaling.

Notable Quotes

• "We're delighted to close this significantly oversubscribed financing, which underscores the growing institutional and shareholder confidence in our technology, our commercialization road map, and our long-term growth strategy," said David Cam, chief executive officer.
• "The inclusion of Pala Investments, a respected global investment firm focused on the resource and clean-technology sectors, marks an important milestone for Envirogold. Pala's participation validates our vision, adds institutional depth to our shareholder base and aligns us with one of the world's foremost investors in sustainable resource innovation."