ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has achieved a significant milestone in its evolution from a development-stage company to a near-term producer by entering into a definitive gold and silver dore purchase agreement with Ocean Partners UK Ltd. Under the agreement, Ocean Partners will purchase 100% of dore production from ESGold’s flagship Montauban Project in Quebec. In return, ESGold gains access to a non-dilutive working capital facility of up to C$9 million, which strengthens its financial position as it advances toward production.
Gordon Robb, CEO of ESGold, highlighted the importance of the agreement, stating, “Ocean Partners is an internationally respected organization with extensive experience across metals trading, mine finance, and global mining operations. Securing a definitive agreement with a group of this caliber significantly strengthens our production strategy and validates the progress our team has made behind the scenes.” The deal not only provides funding but also signals market confidence in ESGold’s project.
The Montauban Gold-Silver Project is fully permitted and under construction, with production anticipated in 2026. ESGold is a fully funded pre-production mining company that aims to implement a scalable clean mining model across North and South America. The company’s dual-track strategy focuses on generating cash flow from near-term production while continuing exploration for future growth.
This agreement with Ocean Partners marks a key step in ESGold’s transition, providing both financial support and a guaranteed off-take partner for its dore production. The non-dilutive nature of the working capital facility is particularly important as it allows ESGold to avoid shareholder dilution while funding construction and ramp-up activities.
For more details on this development, the full article can be viewed at https://ibn.fm/BX0GN. Additional information and updates on ESGold are available in the company’s newsroom at https://ibn.fm/ESAUF.
