ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has announced a definitive gold and silver doré purchase agreement with Ocean Partners UK Ltd., a global metals trading and mine finance group. Under the agreement, Ocean Partners will purchase 100% of doré production from ESGold's Montauban Gold-Silver Project in Québec. Additionally, ESGold gains access to a non-dilutive working capital facility of up to C$9 million, which will support the company's transition toward near-term production.
The Montauban project, located in Québec, is fully permitted and under construction, with production anticipated in 2026. The non-dilutive facility is a key element of ESGold's funding strategy, as it allows the company to secure capital without diluting existing shareholders. This structure is particularly attractive in the current market environment, where equity financing can be costly.
ESGold's dual-track strategy focuses on generating cash flow from the Montauban project while pursuing exploration opportunities across the Americas. The company's clean mining model aims to minimize environmental impact and enhance sustainability. The agreement with Ocean Partners provides a stable off-take channel for the gold and silver doré produced, ensuring a predictable revenue stream.
For more details on the agreement, visit https://nnw.fm/VpFFx. The latest updates on ESGold are available on the company's newsroom at https://nnw.fm/ESAUF.
ESGold Corp. is a fully permitted, pre-production mining company advancing a scalable clean mining model. Its flagship Montauban project is central to its strategy of building a platform for sustainable growth and long-term shareholder value. The company's shares trade on the Canadian Securities Exchange under the symbol ESAU and on the OTCQB under ESAUF.
This announcement marks a significant milestone for ESGold as it moves closer to production. The non-dilutive facility provides financial flexibility without shareholder dilution, a critical advantage for growth-stage mining companies. The partnership with Ocean Partners also underscores the project's viability and the confidence of a global metals trader in its future output.
