ESGold Corp. Secures C$9 Million Funding Agreement to Advance Montauban Gold-Silver Project
TL;DR
ESGold's $9M partnership positions it ahead of competitors with full funding for 2026 production, creating a stable revenue channel for gold and silver.
ESGold secured a C$9 million term sheet with Ocean Partners, providing financial stability for its Montauban project which has C$15 million in existing infrastructure.
ESGold's responsible mining practices at Montauban combine sustainable resource recovery with long-term value creation for local communities and stakeholders.
The Montauban gold-silver project has a mining history dating back to the early 1900s and features a 20,000 sq. ft. processing facility near Quebec City.
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ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) has signed a C$9 million binding term sheet with Ocean Partners UK Ltd., a development that significantly strengthens the company's financial position while providing operational flexibility for advancing its Montauban Gold-Silver Project in Quebec. This agreement represents a critical milestone for the company, establishing a stable, long-term sales channel for all gold and silver doré production while creating certainty around revenue realization and reinforcing the project's economic foundation.
The Montauban project, located just 80 kilometers west of Quebec City, features a rich mining history dating back to the early 1900s. The facility combines immediate revenue potential with transformational exploration upside, positioning ESGold as a significant player in Quebec's mining sector. The company has already invested over C$15 million in infrastructure development, including power access, roads, and a 20,000 square foot processing facility, demonstrating substantial commitment to the project's economic potential.
With this new funding agreement, ESGold becomes a fully funded company with the financial strength, strategic partnerships, and operational readiness necessary to meet its 2026 Montauban production deadline. This positions the company ahead of competitors while validating its strategy of advancing permitted, low-capex projects designed to generate high-margin returns while minimizing shareholder dilution. The partnership with Ocean Partners UK Ltd. ensures that ESGold has secured a reliable outlet for its future production, reducing market uncertainty and providing predictable revenue streams.
The significance of this development extends beyond ESGold's immediate financial strengthening. It represents a vote of confidence in Quebec's mining sector and demonstrates the viability of well-located, historically productive mining properties. The Montauban project's proximity to Quebec City provides logistical advantages, while the existing infrastructure investments reduce development risks and accelerate the path to production. For more detailed information about ESGold's corporate developments, investors can visit https://nnw.fm/ESAUF.
This funding agreement comes at a crucial time for the global mining industry, where secure financing and established sales channels have become increasingly important for project success. ESGold's approach of focusing on permitted projects with existing infrastructure represents a strategic advantage in an industry often challenged by regulatory hurdles and capital intensity. The company's commitment to clean mining practices and sustainable resource recovery further enhances the project's long-term viability and social license to operate in Quebec's regulated mining environment.
Curated from InvestorBrandNetwork (IBN)
