ESGold Corp. Secures C$9 Million Strategic Partnership with Ocean Partners to Advance Quebec Mining Project

ESGold Corp. has entered into a C$9 million strategic partnership with Ocean Partners UK Ltd. through a binding term sheet that significantly bolsters the development-stage mining company's financial position. The agreement provides ESGold with enhanced flexibility as it advances exploration activities at its Montauban Gold-Silver Project located in Quebec, approximately 80 kilometers west of Quebec City.

The funding facility will be drawn in two tranches of C$3 million and C$6 million respectively, with both disbursements contingent on anticipated Phase 1 and Phase 2 production milestones at the Montauban facility. This structured approach to capital deployment ensures that funding aligns directly with project development progress and production targets, creating a disciplined financial framework for the company's operations.

The partnership represents a significant validation of ESGold's corporate strategy focused on advancing permitted, low-capital-expenditure projects designed to generate high-margin returns while minimizing shareholder dilution. The agreement guarantees a stable, long-term sales channel for all gold and silver doré produced at the Montauban project, creating certainty around revenue realization and reinforcing the project's economic foundation according to company statements available at https://ibn.fm/lisS4.

The Montauban project brings substantial historical significance to the partnership, with mining operations dating back to the early 1900s. The facility combines immediate revenue potential with transformational exploration upside, positioning ESGold to capitalize on both near-term production opportunities and long-term growth prospects. The company has already invested over C$15 million in infrastructure development at the site, demonstrating its commitment to bringing the project to production.

This strategic partnership comes at a critical time for junior mining companies facing challenging capital markets. The C$9 million facility provides ESGold with the financial stability needed to advance its exploration programs without the pressure of immediate equity financing, potentially allowing the company to achieve key operational milestones that could enhance shareholder value. The structured nature of the funding also provides Ocean Partners with appropriate risk management while supporting the development of a promising mining asset.

The agreement highlights the continued interest in Quebec's mining sector, particularly for precious metals projects with established infrastructure and production history. For investors, the partnership reduces execution risk while providing a clear pathway for project advancement and eventual revenue generation. The long-term sales channel arrangement with Ocean Partners addresses one of the key challenges facing development-stage mining companies by ensuring market access for future production.