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, ESGold gains access to a non-dilutive working capital facility of up to C$9 million, which is expected to support the company's transition toward near-term production.
The Montauban project, which is fully permitted and under construction, is anticipated to begin production in 2026. This agreement provides ESGold with a stable off-take partner and essential funding without diluting existing shareholders. The facility is structured to provide working capital as the company advances project development and moves toward commercial production.
ESGold's dual-track strategy focuses on generating cash flow from the Montauban project while pursuing exploration opportunities across North and South America. The company aims to build a platform for clean, sustainable growth and long-term shareholder value. The agreement with Ocean Partners is a key step in de-risking the project's path to production.
For more details, the full press release can be accessed at https://nnw.fm/VpFFx. Updates on ESGold and its projects are available in the company's newsroom at https://nnw.fm/ESAUF.
