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. Additionally, the deal provides ESGold access to a non-dilutive working capital facility of up to C$9 million, supporting the company's transition toward near-term production.
This agreement is significant for ESGold as it secures a guaranteed off-take partner for all future doré production from Montauban, a fully permitted project currently under construction with production anticipated in 2026. The non-dilutive nature of the facility means ESGold can raise working capital without issuing new shares, thereby preserving shareholder value. The funds will be used to advance construction and development activities at Montauban, which is part of ESGold's dual-track strategy of generating cash flow from production while pursuing exploration discoveries.
ESGold describes itself as a fully permitted, fully funded, pre-production mining company focused on a scalable clean mining model across North and South America. The Montauban project, located in Québec, is central to this strategy. The company has been progressing toward production with a goal of becoming a near-term gold and silver producer.
The agreement with Ocean Partners, a well-established player in the metals trading and mine finance sector, provides ESGold with both a reliable revenue stream and financial flexibility. For investors, this arrangement reduces risk by locking in a sales channel for the mine's output and avoiding dilution from equity financing. The non-dilutive facility is particularly attractive in the current market environment where raising capital through equity can be costly.
More details about the agreement can be found in the full press release at https://nnw.fm/VpFFx.
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is advancing its flagship Montauban Gold-Silver Project in Quebec, which is under construction with production expected in 2026. The company's dual-track strategy aims to combine cash flow from production with exploration upside. For the latest news and updates, visit the company's newsroom at https://nnw.fm/ESAUF.
This announcement marks a key milestone for ESGold as it moves closer to becoming a producing miner. The combination of a guaranteed off-take agreement and non-dilutive financing positions the company to execute its development plan while maintaining a strong balance sheet. Investors will be watching for further construction milestones at Montauban as the project advances toward its 2026 production target.
