12:58 PM EDT, 10/07/2025 (MT Newswires) -- EnviroGold Global ( ESGLF ) shares were up 13% at last look on Tuesday as it closed the first tranche of a non-brokered private placement of share units that raised $2.2 million

The company placed 24.4-million units in the tranche, with each priced at $0.09 and made up of share and a transferable three-year warrant to buy a share for $0.13.

"Closing this first tranche with strong investor support marks an important milestone for EnviroGold and represents a clear vote of confidence in our vision. Equally important, this is just the beginning, an additional tranche is already in motion, and we anticipate completing the balance of the Offering shortly," chief executive David Cam said,

Proceeds are allocated for several initiatives, including technology and engineering, demonstration plant campaigns, and general working capital purposes.

Shares of EnviroGold Global ( ESGLF ) were last seen up by $0.02 to $0.18 on the Canadian Securities Exchange.

Price: 0.18, Change: +0.02, Percent Change: +12.50