ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has achieved a significant milestone in its transition to a near-term producer by entering into a definitive gold and silver dore purchase agreement with Ocean Partners UK Ltd. The agreement, announced in a recent press release, stipulates that Ocean Partners will purchase 100% of the dore production from ESGold's flagship Montauban Project. In return, ESGold gains access to a non-dilutive working capital facility of up to C$9 million, providing crucial funding as the company advances toward production.
Gordon Robb, CEO of ESGold, emphasized the importance of this milestone, noting 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 stated. "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, located in Quebec, is fully permitted and under construction, with production anticipated to begin in 2026. ESGold is a pre-production mining company advancing a scalable clean mining model across North and South America. The company's dual-track strategy focuses on generating cash flow today while pursuing discovery opportunities for tomorrow, aiming to build a platform for clean, sustainable growth and long-term shareholder value.
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