08:47 AM EDT, 10/15/2025 (MT Newswires) -- EnviroGold Global ( ESGLF ) Wednesday upsized its previously announced private placement to $7 million from $5 million due to strong investor demand.

The offering is priced at $0.09 per unit. Each unit comprises one share and one transferable warrant. Each warrant can be exercised at $0.13 per share for three years.

EnviroGold closed Oct. 1 the first tranche of the offering, raising $2.2 million in proceeds.

The company expects to close the second tranche of its Offering on or about Oct. 15.

"This additional capital strengthens our balance sheet, accelerates commercial execution, and positions EnviroGold to deliver on near-term milestones that we believe will unlock meaningful shareholder value," chief executive officer David Cam said.

EnviroGold's proprietary technology enables miners to monetize metals from mine waste and tailings while reducing environmental liabilities.