12:11 PM EST, 02/21/2025 (MT Newswires) -- EnviroGold Global ( ESGLF ) Friday said it closed of the first tranche of a private placement of share units, raising $3.68 million.

The company will use proceeds for repayment of the principal and interest due on a convertible note issue totaling $3.02 million, improve its balance sheet and enhancing financial flexibility for future growth initiatives.

"EnviroGold is now in a robust financial position to accelerate our strategic initiatives," said CEO David Cam. "We remain steadfast in our mission to unlock the value of sustainable resource recovery, leveraging innovative technologies to generate long-term value for our shareholders and stakeholders alike."

The company's shares were last seen up $0.005 to $0.11 on the Canadian Securities Exchange.

Price: 0.11, Change: +0.01, Percent Change: +4.76