URGENT UPDATE: EnviroGold Global Limited has just announced a significant financial milestone, successfully retiring over $10.2 million in debt, including approximately $9.1 million in principal and $1.1 million in interest and costs, marking a transformative moment for the company.
This major development, confirmed on November 11, 2025, aims to bolster EnviroGold’s balance sheet as it accelerates the commercialization of its proprietary NVRO ProcessTM. By eliminating all outstanding convertible and promissory liabilities, the company positions itself for future growth and stability.
CEO David Cam commented, “With all convertible debt now retired, a clean balance sheet, EnviroGold enters its next phase from a position of strength. These steps underpin our focus on executing the commercialization of the NVRO ProcessTM, scaling partnerships, and delivering sustainable, recurring revenue growth.”
The retirement of this debt involved the full conversion of $4,119,000 in Convertible Promissory Notes into shares, resulting in the issuance of 68,650,446 shares at $0.06 per share. An additional 3,192,363 shares were issued for interest and costs, reflecting share prices from May 20, 2025 to November 7, 2025.
Additionally, the company will issue 1,851,852 common shares at a deemed price of $0.135 per share as part of an engagement fee for financial advisory services from Cantor Fitzgerald Canada Corporation. This strategic move further solidifies EnviroGold’s financial standing and prepares it for upcoming initiatives.
In recognition of former independent director Harold Wolkin, the company will also issue 850,000 common shares to his estate as full compensation for his valuable services during his tenure. This gesture emphasizes EnviroGold’s commitment to honoring its leadership and maintaining strong corporate governance.
As part of enhancing stakeholder alignment, EnviroGold granted 5,637,501 restricted share units (RSUs), 18,500,000 performance share units (PSUs), and 257,000 stock options to directors and officers. These equity awards, tied to operational milestones and revenue growth, serve to motivate leadership while preserving cash resources for commercialization.
The current developments are crucial as EnviroGold aims to lead in the clean-technology sector, focusing on sustainable metal recovery from mining waste and tailings while minimizing environmental liabilities. The NVRO ProcessTM is designed to support global demands for responsible resource management, setting the stage for a potentially profitable future.
What’s next? Investors and stakeholders should closely monitor EnviroGold’s progress toward commercialization and the anticipated issuance of securities, which is expected to occur around November 17, 2025. The company’s strategic decisions and the positive market response could significantly influence its operational trajectory.
For more information about EnviroGold’s latest initiatives and financial strategies, visit their investor relations page at https://envirogoldglobal.com/investors/.
This urgent news underscores the transformative financial strategies that EnviroGold is implementing to secure its future in the competitive clean-technology landscape. Stay tuned for further updates as the situation develops.
