ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has achieved a critical milestone in its journey toward becoming a near-term gold and silver producer. The company recently entered into a definitive gold and silver dore purchase agreement with Ocean Partners UK Ltd., a move that secures a non-dilutive working capital facility of up to C$9 million. Under the agreement, Ocean Partners will purchase 100% of the dore production from ESGold’s flagship Montauban Project in Quebec.
ESGold’s CEO Gordon Robb highlighted the significance of the agreement, stating that it marks the company’s evolution from a development-stage entity to a near-term producer. “Ocean Partners is an internationally respected organization with extensive experience across metals trading, mine finance, and global mining operations,” Robb said. “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 Montauban Project is fully permitted and funded, with construction underway and production anticipated in 2026. The project is expected to generate cash flow through gold and silver sales, while ESGold also pursues discovery opportunities across North and South America. The company’s dual-track strategy focuses on immediate cash flow and long-term exploration growth.
This agreement with Ocean Partners provides ESGold with financial stability without diluting existing shareholders. The working capital facility will support ongoing construction and ramp-up activities at Montauban. Ocean Partners, a globally recognized metals trading and mine finance firm, brings credibility and operational expertise to the partnership.
ESGold is a fully permitted, pre-production mining company advancing a scalable clean mining model. The company’s flagship Montauban Gold-Silver Project in Quebec is under construction, with production expected in 2026. With a dual-track strategy of cash flow today and discovery tomorrow, ESGold is building a platform for sustainable growth and long-term shareholder value.
For more information on the agreement, the full article is available at https://ibn.fm/BX0GN. To stay updated on ESGold’s progress, visit the company’s newsroom at https://ibn.fm/ESAUF.
