EnviroGold Global Advances Pre-Production Planning, Receives Solicitations for Field Services Strategic Partners

Vancouver, British Columbia, CANADA


TORONTO, Nov. 09, 2021 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (“EnviroGold Global” or the “Company”) (CSE: NVRO), a Clean Technology Company accelerating the world’s transition to a circular-resource economy, is pleased to announce it has issued an Expression of Interest, "EOI," to begin a competitive process for engaging strategic field services partners as the Company advances pre-production operational planning for its major tailings reprocessing projects in North America & Australia.

Strategic field services partnerships are a critical component of EnviroGold Global’s differentiated tailings reprocessing business model facilitating the achievement of global scale and the capacity to parallel path production at multiple sites. The Company targets tailings sites with potential volumes in excess of 1M tonnes and potential gross recoverable metal value in excess of $100/tonne processed. Once a suitable site has been identified, the Company leverages decades of metallurgical and mineral processing expertise, proprietary technology, and other proven metallurgical methodologies to design optimized metal recovery and environmental rehabilitation solutions tailored to the unique characteristics of each tailings site. Once an optimized solution has been developed for a tailings site, EnviroGold Global works with strategic field services partners to design, engineer and operate modular, scalable mineral processing systems and ultimately commission commercial metal production for each major project.

EnviroGold Global’s strategic field services partnership model will allow the Company to continue its rapid growth as its tailings reprocessing business line achieves scale.

The Company has previously announced its intention to have 9 major projects under contract with 7 of the 9 major projects in commercial production by 2025. The Company intends to leverage the operational expertise of strategic field services partners to parallel path commissioning of production on multiple projects and otherwise continue to scale-up the Company’s global operations, which now include projects in North America & Australia.

Commenting on the opportunity, EnviroGold Global’s CEO, Dr. Mark Thorpe, said, “A strategic field services partnership with EnviroGold Global is a golden opportunity for firms with the capacity, agility and expertise necessary to capitalize on our rapidly growing global project portfolio. We look forward to striking optimal partnerships with world-class firms as we continue to advance towards commercial metal production.”

Interested firms with experience in mineral processing operations, plant design and engineering are encouraged to contact EnviroGold Global at: https://bit.ly/NVROcontact

About EnviroGold Global

EnviroGold Global (CSE: NVRO) is a Clean Technology company creating shareholder value while establishing ESG market leadership by remediating mine and industrial waste, while reclaiming high-value commodities. The Company is strategically positioned to earn and maintain social license while capitalizing the estimated US $3.4Trillion in valuable commodities residing in target waste streams globally.

Further Information

Dr. Mark B. Thorpe
Chief Executive Officer
Telephone: +1 416 777 6720
Email: mark.thorpe@envirogoldglobal.com

Juan Carlos Giron Jr.
Sr. Vice President
Telephone: +1 416 777 6720
Email: juan.giron@envirogoldglobal.com

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.

Forward Looking Statements

This 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 forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "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 regarding the expected terms of the Buchans Project and its completion, the Company’s working relationship with the owner(s) of the Buchans tailings, the economic viability of the Buchans Project and statements regarding any residual precious metals as a by-product of the remediation, the Company’s expansion of its reprocessing pipeline, 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.