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. Concurrently, ESGold gains access to a non-dilutive working capital facility of up to C$9 million, which will support the company's transition toward near-term production.
The Montauban project is fully permitted and under construction, with production anticipated to commence in 2026. This agreement provides ESGold with a clear offtake pathway and financial stability without diluting existing shareholders. The facility is structured to fund ongoing development activities and working capital needs as the project advances toward commercial production.
This arrangement is a pivotal milestone for ESGold, as it secures both a guaranteed buyer for its precious metals output and the necessary capital to complete construction. The non-dilutive nature of the facility is particularly advantageous, allowing the company to avoid equity dilution while funding its growth. Ocean Partners' expertise in metals trading and mine finance also brings strategic value, potentially optimizing sales terms and logistics.
ESGold is a pre-production mining company with a focus on clean mining models across North and South America. The Montauban project is its flagship asset, and the company is pursuing a dual-track strategy of cash flow generation from near-term production while advancing exploration for future growth. The agreement with Ocean Partners aligns with this strategy by providing immediate financial support and a secure revenue stream once production begins.
Investors can find the full press release at https://nnw.fm/VpFFx for more details. This development underscores ESGold's progress in de-risking its path to production and highlights the growing interest in the Montauban project's potential.
