UPDATE: EnviroGold Global Limited has just announced a significant financial milestone, successfully retiring over $10.2 million in debt, including $9.1 million in principal and $1.1 million in interest and costs. This major development, confirmed on November 11, 2025, eliminates all outstanding convertible and promissory liabilities from the company’s balance sheet, positioning EnviroGold for accelerated commercialization of its innovative NVRO ProcessTM.
This debt retirement is crucial for EnviroGold as it enters a new phase of growth. CEO David Cam stated, “With all convertible debt now retired and a clean balance sheet, EnviroGold enters its next phase from a position of strength.” This strategic move not only enhances the company’s financial health but also underscores its commitment to sustainable revenue growth.
The debt included Convertible Promissory Notes issued in January 2025, converted into a substantial 68,650,446 shares at a rate of $0.06 per share. An additional 3,192,363 shares were issued for interest and costs, reflecting the company’s proactive stance in managing its financial obligations.
The company also reported that two insiders held $100,000 in principal of the Notes, which were converted into common shares. This conversion aligns with regulatory frameworks and reflects a commitment to transparency in corporate governance.
In other corporate matters, EnviroGold plans to issue 1,851,852 common shares at a deemed price of $0.135 per share as part of an engagement fee to Cantor Fitzgerald Canada Corporation for financial advisory services. Additionally, 850,000 shares will be granted to the estate of former director Harold Wolkin in recognition of his valuable contributions.
The company continues to align its management incentives with shareholder interests through the issuance of 5,637,501 restricted share units (RSUs) and 18,500,000 performance share units (PSUs). These measures are designed to drive performance and operational success, reinforcing EnviroGold’s commercialization strategy.
The issuance of these shares and incentives is subject to a statutory hold period of four months and one day, ensuring compliance with applicable securities laws.
As EnviroGold moves forward, it aims to leverage its proprietary NVRO ProcessTM for sustainable and efficient extraction of valuable metals from mine waste, contributing to environmental responsibility and resource management. The company’s approach not only meets the growing global demand for sustainable metal supply but also positions it as a leader in the clean technology space.
Investors and stakeholders are encouraged to stay updated on EnviroGold’s progress as it embarks on this pivotal journey. The latest developments can be accessed through the company’s Q3 Investor Presentation available on their website.
This urgent news highlights the rapid evolution of EnviroGold as it strengthens its financial footing and prepares for significant growth in the clean technology mining sector. Share this update to keep others informed on this exciting corporate transformation.
