TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) — EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold,” or the “Company”), a clean technology company that transforms mine waste and tailings into valuable resources while minimising environmental and social liabilities, reaffirms its strong position in the face of global trade uncertainties, emphasizing its insulation from U.S. tariffs and the positive impact of a stronger U.S. dollar on its operations. As a Canadian-listed company with a mostly Australian cost base, EnviroGold benefits from a cost structure denominated in Australian dollars while receiving payments in U.S. dollars for its license fees and services. This natural hedge minimises the impact of trade-related disruptions and provides financial stability, regardless of shifts in tariff policies.
CEO, David Cam said, “A stronger U.S. dollar enhances the Company’s competitive advantage by increasing the relative value of its revenues when converted to Australian or Canadian dollars. This dynamic supports improved margins and cash flow, reinforcing EnviroGold’s ability to invest in growth initiatives and shareholder returns. With a diversified operational footprint and a strategic financial structure, EnviroGold remains well-positioned to capitalise on favourable currency movements while maintaining resilience against trade policy fluctuations”.
About EnviroGold Global
EnviroGold Global is a cutting-edge technology company revolutionising the mining industry by unlocking valuable metals from mine waste and tailings while mitigating environmental liabilities. Leveraging proprietary technology, EnviroGold meets the rising demand for precious and critical metals while addressing the growing call for sustainable mining practices. Operating on a technology licensing model with minimal capital requirements, the company is poised to become a global leader in mining innovation, delivering long-term shareholder value.
CONTACTS:
Investor Cubed
Neil Simon, CEO
+1 647 258 3310
nsimon@investor3.ca
ir@envirogoldglobal.com
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 about the the Company’s resilience to global trade uncertainties, its insulation from U.S. tariffs, the positive impact of a stronger U.S. Dollar, the Company’s financial stability through natural hedging to minimize the impact of trade-related disruptions to ensure financial stability, regardless of shifts in tariff policies, 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.
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