ESGold Corp. Announces C$4.5 Million Private Placement to Advance Exploration at Montauban Property

ESGold Corp. has announced its intention to proceed with a non-brokered private placement of up to 5.3 million flow-through common shares at a price of 85 cents per share, aiming to raise C$4.5 million. The offering amount was increased from C$2.9 million due to strong investor demand. Red Cloud Securities Inc. will serve as a finder in connection with this offering (https://ibn.fm/3KZWH). The company plans to use the proceeds to fund exploration at its Montauban Property in Quebec, marking a significant step toward unlocking the property's full mineral potential.

The exploration focus follows recent geological modeling that has reshaped understanding of the Montauban Property. Last month, ESGold completed partial interpretation of a comprehensive three-dimensional geological model, revealing that the property may be the nucleus of a potentially much larger gold, silver, and base-metal district, rather than merely a reclamation or redevelopment story (https://ibn.fm/3Dywr). CEO and Director Gordon Robb noted, "What was once seen as a series of small, isolated deposits now seems to emerge as a continuous multilayered mineral system with dimensions not previously recognized at Montauban" (https://ibn.fm/3Dywr). This suggests the property could hold substantially greater value than earlier assessments indicated.

The private placement proceeds will be allocated to Canadian exploration expenses as defined under tax regulations. The offering is scheduled to close on or about December 8, 2025, pending necessary corporate and regulatory approvals, including from the Canadian Securities Exchange (https://ibn.fm/3KZWH). This financing strategy allows ESGold to accelerate exploration without relying solely on internal cash flow from tailings reprocessing, which the company has used to minimize dilution while maintaining discovery leverage. The offering represents a faster pathway to delineating the property's true scale and economic viability.

ESGold has already invested approximately C$15 million in infrastructure at the Montauban site, including power access, roads, and a 20,000-square-foot processing facility. This commitment underscores the company's confidence in the property's economic potential and its strategy to position itself as a leader in mineral exploration. Further exploration will aim to clarify the extent of mineral deposits and provide a more detailed assessment of the property's subsurface resources, ultimately seeking to enhance shareholder value through potential discovery and development.

The implications of this announcement extend beyond ESGold's immediate operations. Successful exploration at Montauban could contribute to regional economic development in Quebec, support the mining sector's supply chain, and offer investors exposure to a potentially significant mineral district. For the industry, it highlights the role of advanced geological modeling in re-evaluating historical properties and attracting capital for renewed exploration. As global demand for precious and base metals persists, discoveries in established mining jurisdictions like Quebec remain critical for long-term resource sustainability.