ESGold Corp. has signed a binding term sheet with Ocean Partners UK Ltd. for a Prepayment and Working Capital Facility of up to C$9 million to support completion of its Montauban Gold-Silver Project in Quebec and provide working capital. The facility will be drawn in two tranches aligned with Phase 1 and Phase 2 production timelines, with repayment structured through doré deliveries under an offtake agreement that commits Ocean Partners to purchase 100% of Montauban's gold and silver output.
The financing arrangement represents a crucial milestone for ESGold as it advances toward anticipated production in 2026 at its flagship Quebec project. The company's Montauban Project is currently under construction and represents a significant development in Quebec's mining sector. The facility is subject to standard conditions and due diligence, but the commitment from Ocean Partners provides substantial financial backing for the project's completion. This financing structure aligns repayment with production, reducing upfront financial pressure while ensuring Ocean Partners has a secure supply of precious metals.
ESGold describes itself as a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. Beyond the Montauban Project, the company is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. The company maintains a dual-track strategy of pursuing cash flow from near-term production while continuing exploration for future discoveries. This approach allows ESGold to generate revenue from existing assets while simultaneously expanding its resource base through strategic exploration initiatives.
Additional information about ESGold Corp. is available through their corporate website at https://esgold.com, where investors can access past news releases, a 3D model of the Montauban processing plant, and other corporate resources. The company's approach emphasizes building a platform for clean, sustainable growth and long-term shareholder value through its North and South American operations. The financing announcement was distributed through Rocks & Stocks, a specialized communications platform delivering insights into the mining industry. More information about their services can be found at https://RocksAndStocks.news.
The implications of this financing extend beyond immediate project development, potentially influencing Quebec's mining sector by demonstrating viable funding models for mid-tier mining projects. The structured repayment through metal deliveries represents an innovative approach to project financing that aligns lender and developer interests while mitigating traditional debt risks. For ESGold, this facility provides the capital necessary to transition from construction to production, positioning the company to become a cash-flow generating entity by 2026. The commitment from Ocean Partners, an established player in the metals trading sector, provides validation of the Montauban Project's economic potential and technical viability.
This development matters because it addresses a critical challenge facing many mining companies: securing production-stage financing without excessive dilution to shareholders. The facility structure allows ESGold to maintain operational control while accessing necessary capital, creating a template that other mid-tier mining companies might emulate. Furthermore, the project's advancement contributes to Quebec's position as a mining jurisdiction, potentially attracting additional investment to the region. The clean mining model emphasized by ESGold reflects growing industry and investor focus on sustainable practices, making this financing arrangement relevant to broader trends in responsible resource development.
