ESGold Corp. Secures C$9 Million Facility to Advance Montauban Gold-Silver Project

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 facility represents a significant financial commitment that will enable ESGold to advance its fully permitted mining project toward anticipated production in 2026, marking a crucial step in the company's development timeline.

The financing arrangement is structured to be drawn in two tranches aligned with Phase 1 and Phase 2 production timelines, providing ESGold with the capital necessary to complete construction and begin operations at the Montauban site. This staged approach to funding ensures that capital deployment matches project milestones, optimizing financial efficiency while minimizing risk. The facility will be repaid through dore deliveries under an offtake agreement that commits Ocean Partners to purchase 100% of Montauban's gold and silver output, creating a secure revenue stream for debt repayment.

The strategic partnership with Ocean Partners UK Ltd. provides ESGold with not only essential capital but also a guaranteed market for its future production. The offtake agreement covering all gold and silver output from Montauban eliminates market risk for the company's primary revenue stream, allowing ESGold to focus on operational execution rather than sales and marketing concerns. This comprehensive arrangement demonstrates strong confidence in both the Montauban project's viability and ESGold's ability to deliver on its production timeline.

For the mining industry, this financing arrangement represents a notable development in project funding strategies, particularly for pre-production companies. The combination of prepayment facilities with offtake agreements provides a model that other junior mining companies may seek to emulate, especially in an environment where traditional financing can be challenging to secure. The successful execution of this facility could signal increased investor confidence in the mining sector, particularly for projects in stable jurisdictions like Quebec.

The Montauban Gold-Silver Project's advancement has broader implications for Quebec's mining sector and the regional economy. As ESGold moves toward production, the project is expected to create employment opportunities and contribute to local economic development. The company's progress also reinforces Quebec's position as a favorable jurisdiction for mining investment, combining mineral potential with regulatory stability and infrastructure.

ESGold's dual-track strategy of pursuing cash flow from near-term production while maintaining exploration potential positions the company for sustainable growth. The Montauban project represents the cash flow component of this strategy, while the company's joint venture in Colombia focuses on validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. This balanced approach allows ESGold to pursue both immediate revenue generation and long-term value creation through discovery.

The financing is subject to standard conditions and due diligence, reflecting the thorough evaluation process typical of such significant financial arrangements in the mining sector. Investors and industry observers can access additional information through the company's official communications channels, including detailed project updates and financial disclosures. The successful completion of this financing facility marks a critical milestone in ESGold's journey toward becoming a producing mining company and demonstrates the viability of its clean mining model across North and South America.