12:27 PM EST, 01/27/2025 (MT Newswires) -- EnviroGold Global ( ESGLF ) was up at last look on Monday, even as the broader market reports big losses, after it announced a Memorandum of Understanding (MOU) for a global strategic alliance with Fraser Alexander to advance sustainable mining solutions for existing and potential customers.

Fraser Alexander is a tailings storage facility operator, hydro-remining and tailings deposition contractor, overseeing more than 50 Tailings Storage Facilities (TSFs) worldwide.

Fraser Alexander and EnviroGold have identified several customer opportunities to recover large quantities of valuable metals locked within TSFs and are collaborating to commercialize 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."

"This strategic alliance marks a key step in the commercialization of EnviroGold's proprietary technology," said CEO David Cam. "We are excited about the alliance and working with Fraser Alexander to deliver sustainable mining solutions."

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