EnviroGold Retires Over $10.2 Million in Debt in 2025, Strengthens Balance Sheet as Commercialization Accelerates

VANCOUVER, British Columbia, Nov. 11, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold” or the “Company”) is pleased to announce the successful conversion and retirement of approximately $10.2 million in debt consisting of approximately $9.1 million in principal and $1.1 million in interest and costs during 2025. These actions eliminate all outstanding convertible and promissory liabilities from the Company’s balance sheet, marking a major milestone for EnviroGold as it advances toward commercialization of its proprietary NVRO Process.

January 2025 Convertible Promissory Notes (“Notes”) Fully Converted

The Notes were issued with a Face Value of $4,119,000, this debt has been converted in full through the issue of 68,650,446 shares at $0.06 per share with an additional 3,192,363 shares issued for interest and costs at prevailing share prices on the conversion dates ranging from 20 May 2025 to 7 November 2025.

CEO David Cam commented: “With all convertible debt now retired, a clean balance sheet, EnviroGold enters its next phase from a position of strength. These steps underpin our focus on executing the commercialisation of the NVRO Process, scaling partnerships and delivering sustainable, recurring revenue growth.”

Two insiders of the Company held an aggregate of $100,000 in principal of the Notes. The insider conversions have been converted into common shares and included in the above share issuances. The participation of these insiders in the Note Offering and in the subsequent conversion constitutes a “related-party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(b) and 5.7(1)(b), respectively, of MI 61-101, as the fair-market value of the securities issued to insiders and the consideration paid by them does not exceed C$2,500,000.

Other Corporate Matters

The Company will issue 1,851,852 common shares at a deemed price of $0.135 per share being the closing price of the Company’s shares on 1 October 2025 (the “Consideration Shares”) as partial payment of an engagement fee pursuant to its engagement of Cantor Fitzgerald Canada Corporation as its financial advisor dated August 13, 2025.