ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) announced it has entered into a definitive gold and silver doré purchase agreement with Ocean Partners UK Ltd., establishing the global metals trading and mine finance group as the purchaser of 100% of doré production from the company's Montauban Gold-Silver Project in Québec. The agreement also provides ESGold access to a non-dilutive working capital facility of up to C$9 million to support its transition toward near-term production.
The Montauban project, which is fully permitted and under construction, is anticipated to begin production in 2026. This financing structure allows ESGold to secure necessary working capital without diluting existing shareholders, a critical advantage for a pre-production mining company. The arrangement with Ocean Partners, a well-established metals trading and mine finance group, provides a stable off-take channel for the project's future gold and silver doré output.
ESGold is advancing a scalable clean mining model across North and South America, with the Montauban project as its flagship. The company is executing a dual-track strategy focused on generating cash flow from near-term production while pursuing exploration discoveries. This approach aims to build a platform for clean, sustainable growth and long-term shareholder value.
The non-dilutive facility is particularly important as it enables ESGold to fund construction and working capital requirements without issuing new shares, thereby avoiding dilution for current investors. The facility is structured as a prepayment against future doré deliveries, aligning the interests of both parties.
For more details on the agreement, visit the full press release at https://nnw.fm/VpFFx. The latest news and updates relating to ESAUF are available in the company's newsroom at https://nnw.fm/ESAUF.
This development underscores ESGold's progress toward becoming a producing mining company, with the Montauban project poised to contribute to the gold and silver supply from Québec. The partnership with Ocean Partners provides both financial support and a guaranteed market for production, reducing risk and enhancing the project's economics. As construction continues and the 2026 production target approaches, this agreement marks a significant milestone in ESGold's transition from developer to producer.
