TORONTO, Jan. 27, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold,” or the “Company”), a clean technology company that monetises mine waste and tailings while reducing environmental and social liabilities, is pleased to announce it has executed a Memorandum of Understanding (the “MOU”) for a global strategic alliance with Fraser Alexander to advance sustainable mining solutions for existing and potential customers.
With over a century of expertise, Fraser Alexander is a world leading tailings storage facility operator, hydro-remining and tailings deposition contractor, overseeing more than 50 Tailings Storage Facilities (TSFs) worldwide. Fraser Alexander has a successful track record of research and development and deployment of new technologies. It is known for transforming mine waste into societal, environmental and economic value and setting a high standard for safety and sustainability. Learn more at https://www.fraseralexander.com
Fraser Alexander and EnviroGold have identified several customer opportunities to recover large quantities of valuable metals locked within TSFs and are collaborating to commercialise these opportunities and continue to evaluate projects within each other’s networks. The parties will deliver comprehensive solutions for mining companies and governments that are sustainable, enhance the mining value chain and uphold the highest standards of safety and environmental stewardship. The alliance will deploy EnviroGold’s proprietary technology alongside Fraser Alexander’s operational expertise, offering a comprehensive solution for clients.
EnviroGold’s patented technology cost-effectively1 extracts precious, non-precious and critical metals from mine tailings into highly profitable revenue streams, offering sustainable and environmentally responsible solutions to miners and governments worldwide. With over 32,0002 Tailings Storage Facilities worldwide containing more than US $3.4 trillion3 of unrecovered metals. The company licenses its Intellectual Property, providing a multi-billion-dollar opportunity for EnviroGold.
David Cam, EnviroGold CEO said, “This strategic alliance marks a key step in the commercialistion of EnviroGold’s proprietary technology. We are excited about the alliance and working with Fraser Alexander to deliver sustainable mining solutions.
The Fraser Alexander and EnviroGold strategic alliance will benefit both companies, leveraging the specialist market leading technology developed by EnviroGold and the best-in-class implementation and operational capabilities of Fraser Alexander. Together we will leverage our first mover advantage in the valuable mine waste and tailings market”.
Keith Scott, Fraser Alexander CEO said, “Fraser Alexander have a successful track record of developing and deploying proven innovative technologies for the benefit of our TSF clients. We are excited to be working with EnviroGold, whose technology allows us to expand our TSF offerings and value added services to new and exisiting clients.”
Initially Fraser Alexander and EnviroGold will collaborate on up to three customer opportunities from their existing customer bases. For each identified customer willing to contract for services, the parties will negotiate and formalize joint ventures (JV’s) through definitive agreements. The MOU remains effective for three years from signing, with a provision for termination by either party with one month's notice or upon execution of definitive agreements for specific JV’s. The partnership is non-exclusive, allowing both parties to pursue similar arrangements with third parties, except for customers introduced through the MOU. The MOU was executed on January 23, 2025.
About EnviroGold Global
EnviroGold Global is a technology company enabling the global mining industry to monetise valuable metals from mine waste and tailings and reduce environmental liabilities. EnviroGold’s proprietary technology is at the leading edge of demand for precious and critical metals and greater social demand for better environmental outcomes. The Company operates with low capex requirements and intends to establish itself as a leading global technology company focussed on shareholder value. Learn more about EnviroGold Global https://envirogoldglobal.com/wp-content/uploads/2025/01/NVRO-Fact-Sheet-Q1-2025.pdf
About Fraser Alexander
Fraser Alexander is a global leader in transforming mine waste into societal, environmental and economic value. Established in 1912, the company has over a century of expertise in delivering innovative, sustainable solutions to the mining industry. In addition to being a large owner and operator of mineral processing plants, Fraser Alexander specialises in tailings re-mining, deposition, water treatment and rehabilitation, serving a blue-chip client base across Africa and South America. With an embedded ESG philosophy, Fraser Alexander leverages cutting-edge technologies, including automated systems and IoT solutions, to enhance safety, efficiency and environmental performance. The company’s commitment to diversity, inclusion, and community development underscores its mission to create tangible benefits for all stakeholders while driving the future of sustainable mining.
