ESGold Corp. Secures C$9 Million Facility to Advance Quebec Gold-Silver Project
ESGold Corp. has secured up to C$9 million in financing from Ocean Partners UK Ltd. to advance its Montauban Gold-Silver Project in Quebec, positioning the company for production by 2026 through a strategic offtake agreement.
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has signed a binding term sheet with Ocean Partners UK Ltd. for a Prepayment and Working Capital Facility of up to C$9 million to support completion of its Montauban Gold-Silver Project in Quebec and provide working capital. The financing arrangement represents a significant step forward for the fully permitted, pre-production mining company as it advances toward anticipated production in 2026.
The facility will be drawn in two tranches aligned with Phase 1 and Phase 2 production timelines, with repayment structured through dore deliveries under an offtake agreement that commits Ocean Partners to purchase 100% of Montauban's gold and silver output. This financing structure provides ESGold with the capital necessary to complete construction while securing a guaranteed buyer for its future production, reducing market risk and ensuring revenue streams once operations commence.
The Montauban Project represents ESGold's flagship development in Quebec, where the company is implementing a scalable clean mining model across North and South America. The project's advancement signals growing confidence in Quebec's mining sector and demonstrates the viability of modern, environmentally conscious mining operations in established mineral districts. Additional information about the company's developments can be found at https://esgold.com.
Beyond its Quebec operations, ESGold is pursuing a dual-track strategy that includes cash flow generation through near-term production and long-term discovery potential. The company is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. This diversified approach positions ESGold for sustainable growth across multiple jurisdictions while maintaining focus on clean mining practices.
The financing facility with Ocean Partners UK Ltd. remains subject to standard conditions and due diligence, but represents a crucial milestone in ESGold's development timeline. The arrangement provides the company with both the capital and market certainty needed to advance the Montauban Project toward its 2026 production target while supporting ongoing working capital requirements during the construction phase. For investors seeking additional updates, company information is available at https://ibn.fm/ESAUF.