ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has entered into 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. Additionally, 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, which is fully permitted and under construction, is expected to begin production in 2026. This agreement provides ESGold with a clear offtake pathway for its gold and silver production, eliminating marketing risks and ensuring a stable revenue stream. The non-dilutive facility is particularly significant as it allows the company to fund working capital needs without issuing additional shares, thereby preserving shareholder value.
ESGold Corp. is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. The company's dual-track strategy focuses on generating cash flow from near-term production while pursuing exploration and discovery for long-term growth. The Montauban project is the cornerstone of this strategy, and the partnership with Ocean Partners strengthens ESGold's financial position as it moves toward becoming a producer.
For investors, this announcement underscores ESGold's progress in de-risking its flagship project. The offtake agreement ensures that all future production has a guaranteed buyer, while the working capital facility provides liquidity to ramp up operations. This development could enhance the company's attractiveness to investors seeking exposure to the precious metals sector with a clear path to cash flow.
More details on the agreement can be found in the full press release at https://nnw.fm/VpFFx. For ongoing updates on ESGold Corp., visit the company's newsroom at https://nnw.fm/ESAUF.
