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 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 Québec, is fully permitted and under construction, with production anticipated in 2026. ESGold is advancing a scalable clean mining model across North and South America, with a dual-track strategy of generating cash flow while pursuing discovery. The company's flagship project is central to its growth plans, and this financing arrangement provides crucial capital without diluting existing shareholders.
The partnership with Ocean Partners, a established player in the metals trading sector, underscores the viability of ESGold's project. The non-dilutive facility allows ESGold to fund ongoing construction and development activities while maintaining a strong balance sheet. This financial backing is expected to accelerate the path to production and enhance long-term shareholder value.
For more details, the full press release is available at https://nnw.fm/VpFFx. Investors can also stay updated on the latest news via the company's newsroom at https://nnw.fm/ESAUF.
ESGold Corp. is a pre-production mining company focused on clean, sustainable growth. The Montauban project is expected to be a key contributor to the company's cash flow, with the potential for further discoveries. The agreement with Ocean Partners provides a stable offtake channel for the doré production, reducing market risk and ensuring a steady revenue stream once production begins.
The non-dilutive nature of the facility is particularly noteworthy, as it avoids the dilution that often accompanies equity financing. This structure aligns with ESGold's commitment to maximizing shareholder returns. With construction underway and a clear path to production, ESGold is positioning itself as a emerging player in the mining sector.
For more information about ESGold Corp., visit their website. This announcement marks a significant milestone for the company as it progresses toward its production goals in 2026.
