ESGold Corp. Secures C$4.5 Million to Advance Quebec Gold Exploration
TL;DR
ESGold Corp.'s increased private placement offers investors early access to potentially significant gold discoveries at the Montauban Property, providing a competitive edge in mineral exploration.
ESGold Corp. will issue up to 5.3 million flow-through shares at $0.85 each to raise C$4.5 million, directing proceeds to systematic exploration of its Quebec property.
ESGold Corp.'s exploration funding advances responsible mineral development in Quebec, potentially creating sustainable economic opportunities while uncovering valuable resources for future generations.
Recent geological modeling revealed ESGold Corp.'s Montauban Property may be part of a much larger gold district than previously recognized, transforming its exploration narrative.
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ESGold Corp. has announced a non-brokered private placement to raise up to C$4.5 million through the sale of flow-through shares, with proceeds dedicated to exploring its Montauban Property in Quebec. The offering was increased from C$2.9 million due to strong investor demand, with Red Cloud Securities Inc. serving as a finder in connection with this offering.
The funding represents a significant step for the exploration-stage company as it seeks to unlock the full potential of the Montauban Property. Recent geological work has transformed understanding of the site, with a comprehensive three-dimensional model indicating the property may be the center of a larger gold, silver, and base-metal district rather than containing only small, isolated deposits. "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," said ESGold's CEO and Director, Gordon Robb in a statement about the findings.
This capital injection will accelerate exploration efforts to define the extent and value of the mineral system. The company plans to use the funds for Canadian exploration expenses as defined under tax regulations. The offering is scheduled to close around December 8, 2025, pending necessary corporate and regulatory approvals, including from the Canadian Securities Exchange as noted in the offering details.
The move is strategically important for ESGold as it balances internal financing from tailings reprocessing with external capital to minimize shareholder dilution while maximizing discovery potential. The company has already invested approximately C$15 million in site infrastructure, including power access, roads, and a 20,000-square-foot processing facility, demonstrating long-term commitment to the property's development.
For the mining industry and investors, this development highlights how advanced geological modeling can redefine asset potential and attract significant capital. The increased offering size reflects growing investor confidence in Quebec's mineral exploration sector and in ESGold's technical approach. Successful exploration at Montauban could not only enhance shareholder value for ESGold but also contribute to regional economic development through potential mine development and job creation.
Curated from InvestorBrandNetwork (IBN)
