ESGold Corp. has entered into a C$9 million binding term sheet with Ocean Partners UK Ltd., significantly bolstering the company's financial position as it advances its Montauban Gold-Silver Project in Quebec. This strategic partnership represents a crucial milestone for the mineral exploration company, providing both financial stability and operational flexibility during the project's development phase.
The agreement guarantees ESGold a stable, long-term sales channel for all gold and silver doré produced at Montauban, creating certainty around revenue realization while reinforcing the project's economic foundation. This financial backing positions ESGold as a fully funded company with the resources necessary to meet its 2026 production deadline for the Montauban facility. The partnership demonstrates market confidence in ESGold's operational strategy and the project's economic viability.
The Montauban project benefits from a rich mining history dating back to the early 1900s and is strategically located just 80 kilometers west of Quebec City. The facility combines immediate revenue potential with significant exploration upside, representing a compelling opportunity in the mining sector. ESGold has already invested over C$15 million in project infrastructure, including power access, roads, and a 20,000 square foot processing facility, demonstrating the company's substantial commitment to the project's success.
This development positions ESGold ahead of competitors in the mining sector while validating the company's strategic approach of advancing permitted, low-capital expenditure projects designed to generate high-margin returns while minimizing shareholder dilution. The partnership with Ocean Partners UK Ltd. represents a significant step forward in ESGold's mission to become a leading resource company in Quebec's mining landscape. Additional information about ESGold's corporate developments is available through the company's newsroom at https://nnw.fm/ESAUF.
The Montauban property serves as a model for responsible mining practices, combining near-term production capabilities with district-scale discovery potential. This approach aligns with growing industry emphasis on sustainable resource recovery and exploration innovation. The project's advancement contributes to Quebec's mining sector development while demonstrating how strategic partnerships can accelerate resource project timelines and enhance economic viability in the competitive mining industry.
