ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has entered into 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 the doré production from ESGold’s Montauban Gold-Silver Project in Québec. The deal also provides ESGold with access to a non-dilutive working capital facility of up to C$9 million, supporting the company’s transition toward near-term production.
The Montauban project, located in Quebec, is fully permitted and under construction, with production anticipated in 2026. This agreement marks a significant milestone for ESGold as it moves toward becoming a gold and silver producer. The non-dilutive facility is particularly important as it allows the company to finance its operations without diluting existing shareholders' equity. Ocean Partners, as a well-established metals trader, brings financial stability and market access to ESGold.
ESGold CEO stated that this partnership validates the company's strategy and provides the necessary capital to complete construction and commence production. The agreement also includes provisions for ongoing financing as production ramps up. For more details, the full press release is available at https://nnw.fm/VpFFx.
ESGold Corp. is a fully permitted, pre-production mining company advancing a scalable clean mining model. Its flagship Montauban project is a key asset. The company aims to generate cash flow while pursuing discovery, building a platform for sustainable growth. For the latest updates, visit the company's newsroom at https://nnw.fm/ESAUF.
This announcement is important as it reduces financing risk for ESGold, enabling it to focus on project execution. The non-dilutive nature of the facility is favorable for shareholders, and the partnership with Ocean Partners provides a reliable offtake channel. The Montauban project's progress is closely watched by investors in the junior mining sector.
